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GDP growth slows in first quarter

This content was published on Mar 2, 2010 This was thanks to private consumers and an increase in exports of “precious objects” – precious metals, gems and art objects – the State Secretariat for Economic Affairs (Seco) reported on Tuesday. From quarter to quarter, however, the Swiss economy grew more slowly than in previous months, with real GDP expanding 0.4 per cent over…

Men and women get different travel bugs

This content was published on Mar 2, 2010 The study, by Zurich University, is the first one ever to give a broad profile of travel-based infectious diseases from a gender point of view. “What we see very clearly is that men are much more likely to have vector-borne diseases, such as malaria, leishmaniasis or rickettsia which are transmitted by mosquitoes or ticks or…

“Big bang” machine is rebooted

This content was published on Mar 1, 2010 The European Organisation for Nuclear Research (Cern) said the “big bang” machine had been put on standby in December to prepare for higher energy collisions and the start of their main research programme. Collisions at the highest possible energy level, emulating conditions in the moments after the creation of the universe 13.7 billion years ago,…

Chile steps up quake rescue effort

This content was published on Mar 1, 2010 Swiss humanitarian experts have arrived in Chile to support the rescue effort. For the moment there are no reports of Swiss nationals injured or killed in the disaster. “We face a catastrophe of such unthinkable magnitude that it will require a giant effort [for Chile to recover],” Chilean President Michelle Bachelet told reporters on Sunday…

Kühne & Nagel sees profits fall in downturn

This content was published on Mar 1, 2010 With sales down by 19.4 per cent to SFr17.4 billion ($16.03 billion), net profit for the year was SFr467 million, according to results posted by the canton Schwyz-based group on Monday. The group said the logistics industry had suffered “unprecedented” declines in turnover and volume in the first half of 2009, both in international and…

Swiss showcase sustainable building technologies

This content was published on Mar 1, 2010 For the first time Switzerland will showcase five innovative companies of varying size and experience in the Swiss Pavilion. The Swiss exhibitors have been looking to establish a presence in the British construction market for some time and are driven by an ambition to achieve maximum energy savings in buildings. Despite tough economic conditions, interest…

Earthquake toll continues to rise in Chile

This content was published on Feb 28, 2010 The Swiss embassy in the Chilean capital, Santiago, also suffered heavy damage in the 8.8-magnitude earthquake that has affected more than two million people. The Swiss foreign ministry said on Sunday that all of the embassy workers are safe but that glass doors had shattered and left portions of the building no longer accessible. The…

Were Swiss outmanoeuvred in tax evasion scrum?

This content was published on Feb 28, 2010 With the market now worth an estimated $13.7 trillion (SFr13 trillion), Swiss financial journalist Myret Zaki asks in her new book, Banking Secrecy is Dead, Long Live Tax Evasion (Le secret bancaire est mort, vive l’évasion fiscale), who is really benefitting most from tax evasion. Her conclusion: British jurisdictions, where trusts are thriving. These secretive…

Government sends team to Chile after quake

This content was published on Feb 27, 2010 A massive 8.8-magnitude quake has killed at least 122 people after it toppled buildings, knocked out cell phone communication and left portions of the country in a “state of catastrophe”, as Chilean President Michelle Bachelet declared. The Swiss foreign ministry said on Saturday that it would send experts already based in South America to the…

Former Swisscom exec examined in money scam

This content was published on Feb 27, 2010 Mario Rossi left Swisscom in 2007 to become Fastweb’s CFO, where he worked until September 2009. In 2007, Swisscom bought an 82 per cent stake in Fastweb in a deal worth €3.1 billion, or SFr 5.2 billion at the exchange rate at the time. Between 2003 and 2006 investigators suspect Fastweb workers used phony international…

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GDP growth slows in first quarter

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Men and women get different travel bugs

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“Big bang” machine is rebooted

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Chile steps up quake rescue effort

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Kühne & Nagel sees profits fall in downturn

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Swiss showcase sustainable building technologies

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Earthquake toll continues to rise in Chile

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Were Swiss outmanoeuvred in tax evasion scrum?

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Government sends team to Chile after quake

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Former Swisscom exec examined in money scam

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