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Airspace remains closed as ash cloud spreads

This content was published on Apr 18, 2010 About 20 countries closed their airspace leaving millions of passengers stranded following the eruption of a volcano in Iceland last Wednesday. It is the worst air travel chaos since the 9/11 attacks in the United States nine years ago. The Federal Civil Aviation Office said given the latest data it had no choice but to…

Minister urges parliament to agree US bank deal

This content was published on Apr 18, 2010 “The US tax authorities would resume a civil procedure against UBS and the legal case could be re-activated,” Calmy-Rey told the SonntagsZeitung and Le Matin Dimanche newspapers. Washington could refuse to ratify a new double taxation agreement which would damage Switzerland’s economy, she added. “The US might also consider taking action against other Swiss banks,”…

Centenary art celebrations in Zurich

This content was published on Apr 16, 2010 Switzerland’s oldest combined collection and exhibition space opened in its late Jugendstil museum in 1910. The fine arts museum is showcasing its collection and mounting a major Picasso show in tribute to its tradition of key exhibitions.

Railways set to confront “major challenges”

This content was published on Apr 16, 2010 The company announced on Friday it carried 327.5 million people in 2009, an increase of 1.5 per cent. But freight transported by its Cargo subsidiary fell by seven per cent. In a statement, it said one of the big challenges was to satisfy the growing customer demand for passenger services. “Despite the progress made, the…

Erupting volcano cancels European flights

This content was published on Apr 15, 2010 By early evening on Thursday, 80 takeoffs and landings from Zurich had been cancelled. In Geneva, about 100 flights had been affected. Basel’s Euroairport was also hit. In the same period the airline Swiss had had to cancel 70 European flights, its spokesman said. However, none of its planes was stuck outside Switzerland, he added.…

Legal action at UBS seen as “unlikely”

This content was published on Apr 15, 2010 But Peter V. Kunz, a professor of economic law at Bern University told swissinfo.ch that Wednesday’s vote against the so-called discharge, usually a routine affair at annual general meetings, nevertheless has certain implications. The vote against – 52.8 per cent – has been widely interpreted as a strong signal of disapproval by the shareholders. UBS…

German army buys trucks from Swiss company

This content was published on Apr 15, 2010 Equipped with machine guns, the Eagle IV trucks are intended to be used for patrol and humanitarian duties in Afghanistan. Mowag confirmed the news on Thursday after a report appeared in the German edition of the Financial Times. The defence ministry told the paper the order was being rushed through in response to the worsening…

Government upbeat about state-owned companies

This content was published on Apr 15, 2010 As the communications ministry announced on Thursday, the postal and telecom companies were successful in reaching their targets. But it said that the railways’ track record was less good. In particular, its struggling cargo division had a negative effect on other areas of business. Although the rail company achieved its punctuality targets, passengers complained about…

UBS has “witnessed a Waterloo”

This content was published on Apr 15, 2010 Commentators say the decision not to exonerate former CEO Marcel Ospel and other top managers of allowing the bank to suffer record losses and reputational damage is nothing short of historic. “Shareholders yesterday preferred honesty over immediate profit,” the Geneva-based Le Temps newspaper said in an article titled, “Shareholder courage”. “It was a courageous and…

Hundreds dead in Chinese earthquake

This content was published on Apr 15, 2010 The quake on the Tibetan plateau in Qinghai province early on Wednesday measured a magnitude of 6.9 and was followed by a series of aftershocks. Rescue efforts were hindered by telecommunications problems, with phone lines down. The China Earthquake Administration announced an initial death toll of 67 people in a brief statement on its website,…

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Airspace remains closed as ash cloud spreads

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Minister urges parliament to agree US bank deal

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Centenary art celebrations in Zurich

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Railways set to confront “major challenges”

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Erupting volcano cancels European flights

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Legal action at UBS seen as “unlikely”

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German army buys trucks from Swiss company

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Government upbeat about state-owned companies

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UBS has “witnessed a Waterloo”

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Hundreds dead in Chinese earthquake

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