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Roche vilified in Davos for transplant drug

This content was published on Jan 28, 2010 Roche received two “shame” prizes at the Public Eye Awards in Davos for conducting research on transplant patients in China without knowing the origin of the organs donated. The Basel-based company won the 2010 Swiss Award in addition to the People’s Award – the latter based on an online poll. The presentation is held each…

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Crash blocks key Switzerland-Italy rail link

This content was published on Jan 28, 2010 Swiss Federal Railways says the trains derailed between Brig and Iselle di Trasquera close to the Simplon Tunnel beneath the Alps. Nobody was injured in the crash, it added on Thursday, but all connections between Brig and the Italian city of Domodossola had been interrupted. International rail links between Basel and Geneva in Switzerland and…

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Billionaire fined over Oerlikon share purchase

This content was published on Jan 28, 2010 Details of the fine by the finance ministry, imposed in December, were announced on Thursday in a statement by Renova. It follows the purchase of two stakes in the Swiss technology group Oerlikon through Renova. The finance ministry found Renova violated disclosure rules when buying the shares in 2006. The fine amounts to 20 per…

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Sarkozy opens WEF with calls for regulation

This content was published on Jan 27, 2010 Sarkozy, giving the keynote address on Wednesday, told the business and political movers and shakers gathered in the Swiss resort to prepare for tighter regulations including new accounting rules and executive pay limits. He said the risks were too great if “we do not change the regulation of our banking system and the rules for…

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Tax dispute settled with France

This content was published on Jan 27, 2010 Switzerland said in December it would freeze the tax treaty talks after French authorities obtained tax-sensitive client information from a former HSBC employee, which it said helped identify 3,000 suspected French tax evaders. “We have found an agreement,” Swiss Finance Minister Hans-Rudolf Merz said after talks with French Budget Minister Eric Woerth on the sidelines…

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Roche and RBC named “most unscrupulous” firms

This content was published on Jan 27, 2010 Presented on the sidelines of the World Economic Forum (WEF) meeting in the Swiss resort, the annual awards are intended to remind big global players that socially and environmentally destructive business practices have consequences – in this case for the image of the company. In the words of the organisers, the Berne Declaration and Greenpeace…

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Booming civilian service raises questions

This content was published on Jan 27, 2010 Entry requirements to the civilian alternative to military service were relaxed last April. Conscientious objectors are no longer required to undergo written and oral assessments by a committee to explain their motives. Even though the civilian alternative lasts one and a half times longer than military service, the number of applications leapt from around 1,700…

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UBS chairman unhappy with court ruling on tax

This content was published on Jan 27, 2010 Villiger was reacting to a ruling by the Federal Administrative Court last week that the transfer of customer data broke the law. His comments were published by the German-language Tages-Anzeiger newspaper on Wednesday. The court decision has cast doubt on the agreement reached between the authorities in the US and Switzerland last year under which…

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Surprise Novartis CEO seen as “logical” choice

This content was published on Jan 27, 2010 Joe Jimenez, a 50-year-old American two years into his tenure as CEO of the pharmaceuticals division, was handed the job on Tuesday after chief executive Daniel Vasella announced he was stepping down on February 1. Vasella, 56, has held the job for 14 years and will remain chairman. Chief operating officer Jörg Reinhardt, who had…

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Roche vilified in Davos for transplant drug

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Crash blocks key Switzerland-Italy rail link

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Billionaire fined over Oerlikon share purchase

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Sarkozy opens WEF with calls for regulation

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Tax dispute settled with France

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Roche and RBC named “most unscrupulous” firms

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Booming civilian service raises questions

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UBS chairman unhappy with court ruling on tax

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Surprise Novartis CEO seen as “logical” choice

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