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Exercising the brain and the body

This content was published on Jul 16, 2010 Trees and flowers, industrial history, agriculture, the structure of the solar system, local fairy stories – there’s something for everyone. Some give a deeper understanding of the local region, some teach about a specific subject, while the main purpose of others is simply to enliven a family stroll. swissinfo.ch went to investigate one of the…

Zurich Financial prepares for property market losses

This content was published on Jul 16, 2010 The insurance company also sharply increased provisions by $330 million (SFr344 million) to shield against loan losses there. Zurich said on Friday that both property markets were continuing to deteriorate. It had been financing commercial property developments through its subsidiaries Dunbar Bank and Zurich Bank. “Ending this business [in Britain and Ireland] is the better…

Water restrictions implemented

This content was published on Jul 16, 2010 River levels have fallen below the limit under which water usage is restricted. The cantons have also cited increased risks for fauna as another reason for implementing these restrictions. Fish have been dying because of the higher temperatures and the stronger effects of pollution in a smaller volume of water. Restrictions on outdoor fires have…

PET recycling reaches record high

This content was published on Jul 16, 2010 The Swiss PET Recycling association said this was a three per cent rise on 2008, despite an additional 32 million bottles going into circulation during the year. Switzerland has a national target to recycle 75 per cent of PET bottles. In 2006 the rate of recycling was 76 per cent. PET Recycling said Swiss recycling…

US reforms are “no constraint” on big banks

This content was published on Jul 15, 2010 Swiss banks, like their US counterparts, have been using lobbyists to fight their corner while the reform was being drawn up, and Switzerland’s biggest bank Credit Suisse has already surmised that there won’t be any major impact on their US operations. Spurred on by the most expensive public rescue plan in US history after the…

Prince inspired by Lavaux vineyards

This content was published on Jul 15, 2010 The artist visited Lavaux last year when he appeared at the nearby Montreux Jazz Festival, said festival spokesman Francesco Laratta. Simon Tomei, head of transport for the festival, told the Swiss news agency that he had driven Prince through the area after picking him up at the airport, since the artist did not want to…

Novartis settles US discrimination lawsuit

This content was published on Jul 15, 2010 The damages are to be divided between about 5,600 women employees of the Novartis Pharmaceuticals Corporation, a United States affiliate of the group, covered by the 2004 class action lawsuit. Another $22.5 million will go towards improving its gender equality policies. The measures include revising sexual harassment training and strengthening complaint procedures. In a joint…

High cocaine levels present in Swiss water

This content was published on Jul 15, 2010 Until now, only rough estimates have been possible of how much cocaine is consumed in Switzerland, based mainly on police seizures and anonymous questionnaires. According to those sources, cocaine consumption in Switzerland has increased exponentially over the past five years, with between 25,000 and 60,000 Swiss thought to take the drug every day. Now a…

German tax raid targets Credit Suisse staff

This content was published on Jul 14, 2010 If such evidence is found, Credit Suisse could find itself in much the same position as UBS in the United States when key staff and the bank itself were prosecuted for aiding and abetting tax evasion. Some 13 Credit Suisse bank offices were searched in Düsseldorf, Berlin, Munich and other German cities after the authorities…

Strong franc continues to haunt Swiss economy

This content was published on Jul 14, 2010 The Swiss National Bank (SNB) has spent billions of francs buying euros in an effort to stem the franc’s rise. The SNB is expected to reveal a paper loss of up to €7.5 billion (SFr10 billion) when it announces half-year results next month. The central bank has slowed its intervention in the monetary markets as…

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Internal: Archive

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Exercising the brain and the body

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Zurich Financial prepares for property market losses

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Water restrictions implemented

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PET recycling reaches record high

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US reforms are “no constraint” on big banks

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Prince inspired by Lavaux vineyards

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Novartis settles US discrimination lawsuit

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High cocaine levels present in Swiss water

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German tax raid targets Credit Suisse staff

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Strong franc continues to haunt Swiss economy

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