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Swiss help provide a job for the World Cup

This content was published on Apr 3, 2010 Officially, more than 51 per cent of young South Africans are unemployed. But the rate is in fact much higher among black people. “This job has restored my confidence. I had lost all my self-esteem. I used to just let the days go by, trying not to think of tomorrow,” says Lucky Letsobe, aged 24.…

Swisscom CEO takes helm of Fastweb

This content was published on Apr 3, 2010 The internet provider is under investigation for alleged tax fraud and money laundering. Fastweb CEO Stefano Parisi and three other managers have been suspended. Schloter said he would work out of Milan part time “for a few months”. In an interview with Bern-based Der Bund newspaper published on Friday, Schloter stressed there was no evidence…

Advocates want turnaround in autism treatment

This content was published on Apr 1, 2010 Autism organisations in Switzerland say they face a lopsided battle against the tendency to classify the condition as a psychiatric disease; something prevalent in western Switzerland and France. They point the finger at psychoanalytic theories of thinkers like Austrian-born child psychologist Bruno Bettelheim and of Sigmund Freud, who for a long time claimed mothers were…

Government pledges Haiti reconstruction money

This content was published on Apr 1, 2010 The Caribbean country was hit by a devastating earthquake in January. The Swiss government will contribute SFr35.6 million through 2012 on top of the SFr55 million collected by charities from private donations, according to a statement by the foreign ministry on Wednesday. Martin Dahinden, director of the Swiss Agency for Development and Cooperation (SDC), said…

Oerlikon continues to bleed, gets rescue deal

This content was published on Apr 1, 2010 The debt-laden technology group on Thursday announced it had slipped deeper into the red, losing SFr592 million last year, SFr170 million more than in 2008. Oerlikon will slash net debt by around 77 per cent under the plan, which came after months of negotiations between shareholders and bankers. It said it hoped to return to…

CS reignites bonus debate

This content was published on Mar 31, 2010 CEO Brady Dougan led the way among the 400 executives and managers by receiving shares worth around SFr71 million under a five-year bonus plan. Credit Suisse unveiled new compensation rules last year allowing the company to hold bonuses for three to four years and potentially take back pay if investments failed to perform over a…

UBS-US deal provisionally back on track

This content was published on Mar 31, 2010 The provisional application of the revised UBS protocol permits Switzerland to provide legal assistance in cases not only of tax fraud, but also of continued and serious tax evasion, the Federal Justice Office said on Wednesday. In January, a ruling by the Swiss Federal Administrative Court threatened to torpedo the US-Swiss agreement reached last August.…

Milk producer Emmi posts big profit increase

This content was published on Mar 31, 2010 Revenues fell last year to just over SFr 2.6 billion, the company said. Earnings before income and taxes were SFr109 million. Emmi said net sales fell 4.9 per cent at home but increased 7.9 per cent in international markets. Lucerne-based Emmi, which employs around 3,300 people in Europe and North America, said in a statement…

Cern takes step to unlocking secrets of universe

This content was published on Mar 30, 2010 Researchers from the European Organization for Nuclear Research (Cern) say the world’s biggest atom smasher may generate its first scientific breakthroughs later this year when they hope it can unlock secrets of modern physics such as dark matter. Tension was palpable early on Tuesday morning in the main Cern control room as two technical problems…

Swiss Life posts mixed results

This content was published on Mar 30, 2010 This is down around 20 per cent on 2008 when the results were boosted by disposal gains. The net profit announced on Tuesday was below analysts’ expectations, as the Zurich-based company struggled under the weight of restructuring costs at German advisory unit AWD. Swiss Life said profit from its continuing operations was SFr324 million in…

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Swiss help provide a job for the World Cup

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Swisscom CEO takes helm of Fastweb

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Advocates want turnaround in autism treatment

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Government pledges Haiti reconstruction money

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Oerlikon continues to bleed, gets rescue deal

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CS reignites bonus debate

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UBS-US deal provisionally back on track

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Milk producer Emmi posts big profit increase

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Cern takes step to unlocking secrets of universe

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Swiss Life posts mixed results

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