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Jobless to face higher hurdles

This content was published on Mar 15, 2010 Daily allowances would be reduced and waiting periods for eligibility extended, according to the amended law. Those under 25 years of age would also be required to accept any job offer, while those over 55 qualify for the maximum number of daily allowances only if they have paid contributions for a minimum of 22 months…

Economic crisis hits alpine freight hard

This content was published on Mar 15, 2010 There was a drop of 17.7 per cent in goods that went by rail and the number of trucks went down by 7.4 per cent compared with 2008. Switzerland’s transport policy aims to move alpine freight from road to rail, mainly for environmental reasons. But 2009 was not a good year – 61 per cent…

New and old management at UBS fuel costs

This content was published on Mar 15, 2010 The embattled bank, which has changed much of its management team over the past year, also allotted SFr41.3 million to outgoing members. Bailed out by public funds in 2008 in the aftermath of the subprime crisis in the United States and now under pressure in the US over American tax evaders, UBS made a loss…

Small is beautiful at Geneva motor show

This content was published on Mar 14, 2010 Almost all big carmakers, including premium brands, are betting their future on smaller models as they compete for a slice of the compact sector, which should account for more than half of the global market by 2016. There has been a roadblock at the Audi stand at this year’s 80th Geneva International Motor Show. The…

New antibiotic offers hope against “superbug”

This content was published on Mar 13, 2010 They hope that mechanism by which it works – which has never been seen before – could eventually be applied to other such bugs. Big pharmaceutical companies have already expressed an interest. The joint research team from Zurich University and Swiss biotech company Polyphor has described the new drug class as a rare and significant…

Swiss support trade ban on bluefin tuna

This content was published on Mar 12, 2010 Swiss delegation co-leader Mathias Lörtscher told swissinfo.ch that Switzerland supported a ban on the international commercial trade in the fish, whose numbers have dropped drasticallly. In 1997 there were an estimated more than 200,000 tonnes of the massive tuna in the east Atlantic Ocean and Mediterranean. By 2007 this had fallen to under 80,000 tonnes.…

UBS warns parliament about US tax treaty

This content was published on Mar 12, 2010 In a letter to parliamentarians, the embattled bank said the other Swiss banks might be next to face pressure from US regulators. It said the US Internal Revenue Service had collected information on the cross-border activities of about 20 Swiss banks and may soon put pressure on them to reveal details of American tax evaders.…

Climate scientists get hot under the collar

This content was published on Mar 12, 2010 The InterAcademy Council (IAC), a Netherlands-based group of 15 national academies of science, will examine the work of the UN Intergovernmental Panel on Climate Change (IPCC), UN Secretary-General Ban Ki-moon announced earlier this week. The IPCC acknowledged in January that several of its key warnings in a 3,000-page report published in 2007 were exaggerated. The…

HSBC says bank data on 24,000 accounts stolen

This content was published on Mar 11, 2010 Previously the private bank had said information on no more than ten accounts had been stolen by a former IT employee, who passed the data onto the French authorities, setting off a row between Paris and Bern. “It is now clear that the theft, which was carried out by an employee of the [bank’s] IT…

Stolen data contains thousands of client accounts

This content was published on Mar 11, 2010 Previously, HSBC said it affected no more than ten. A former HSBC computer specialist admitted stealing client data from the bank which he passed to French tax authorities. “It is now clear that the theft, which was perpetrated by a former IT employee about three years ago, involves approximately 15,000 existing clients who had accounts…

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Internal: Archive

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Jobless to face higher hurdles

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Economic crisis hits alpine freight hard

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New and old management at UBS fuel costs

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Small is beautiful at Geneva motor show

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New antibiotic offers hope against “superbug”

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Swiss support trade ban on bluefin tuna

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UBS warns parliament about US tax treaty

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Climate scientists get hot under the collar

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HSBC says bank data on 24,000 accounts stolen

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Stolen data contains thousands of client accounts

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