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Number of foreign bosses stagnates

This content was published on May 31, 2010 The only exception are companies on the Swiss stock exchange – Switzerland’s leading firms – which still favour German or Americans in charge. According to the Zurich-based report, by Guido Schilling personnel consultants, the 121 largest companies in the country have 44 per cent foreigners in key management. This stood at 45 per cent last…

UBS deal takes centre stage in parliament

This content was published on May 31, 2010 Other hot potatoes include the initiative to deport foreign criminals, proposed by the rightwing Swiss People’s Party, and the question of managers’ salaries. On August 19, 2009, Switzerland and the United States reached a deal in a tax case that lifted the threat of crippling legal action against UBS but forced the bank to hand…

Bankruptcy proceedings rise

This content was published on May 31, 2010 The number of proceedings opened against businesses or individuals rose to around 11,600, up eight per cent on 2008 – a “marked increase”, the Statistics Office said on Monday. In addition, 2.5 million formal notices to pay were issued, just over two per cent more than in the previous year. The number of ordinary and…

Swiss planes banned from Russian airspace

This content was published on May 30, 2010 A spokesman for the airline confirmed a report in the NZZ am Sonntag newspaper that Swiss hasn’t been able to fly through Russia since the introduction of the summer flight plan in March. Flights to Shanghai and Hong Kong have been affected. They now have to fly around southern Russia, resulting in longer journeys and…

Mayors present water vision in Shanghai

This content was published on May 29, 2010 Presenting their understanding of the common theme “Better Water – Best Urban Life”, the three cities showcase the positive impact of clean and beautiful water on urban life quality. Each city displays best practices in the pavilion, focusing on particular core themes. Zurich mayor Corine Mauch travelled to Shanghai with her Geneva and Basel counterparts…

Transocean claims successful pre-accident tests

This content was published on May 28, 2010 The Deepwater Horizon rig was leased to energy giant BP and exploded on April 20, killing 11 workers and triggering what could become the worst environmental disaster in United States history. A blow-out preventer is a large valve at the top of a well, and activating it will stop the flow of oil. “The blow-out…

Perfume makers face fines for sniffing profits

This content was published on May 28, 2010 An 18-month-long investigation by the Federal Competition Commission said fines would range up to SFr25.5 million ($22 million) and would hit the majority of members of Ascopa, a Geneva-based association of manufacturers, importers and suppliers of perfumes and make-up. Those likely to suffer fines include Chanel Genève, Clarins, L’Oréal Produits de luxe Suisse, Christian Dior…

TV-internet hybrid takes step forward

This content was published on May 28, 2010 The dream of linking the internet and television was given another boost last week when internet giant Google announced its newest brainchild, Google TV, a plan – although not the first – to combine the two technologies. The company said it was joining up with big-name tech players including Switzerland’s Logitech, which manufactures peripherals such…

Hundreds more are making it to a hundred

This content was published on May 27, 2010 The Statistics Office says that from the generation of 1900, less than one per cent managed to celebrate their 100th birthday but that situation has now changed. Of men born in 1950, 4.4 per cent can theoretically reach the age of 100; when it comes to women, the percentage rises to 9.2 per cent –…

Foreign workers prove themselves in tough times

This content was published on May 27, 2010 The State Secretariat for Economic Affairs (Seco) and its partners gave good marks to Switzerland for its eight-year participation in agreements that have allowed freedom of movement between Switzerland and the EU and European Free Trade Association. During that time, well trained workers from the EU and Efta countries helped fill vacancies left open by…

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Internal: Archive

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Number of foreign bosses stagnates

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UBS deal takes centre stage in parliament

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Bankruptcy proceedings rise

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Swiss planes banned from Russian airspace

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Mayors present water vision in Shanghai

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Transocean claims successful pre-accident tests

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Perfume makers face fines for sniffing profits

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TV-internet hybrid takes step forward

More

Hundreds more are making it to a hundred

More

Foreign workers prove themselves in tough times

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