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Experts disagree over course of economy

This content was published on Sep 25, 2009 The Swiss Economic Institute (KOF) revised its forecast down on Friday by predicting gross domestic product (GDP) will sink by 3.4 per cent. Government figures, released on Tuesday, predicted a 1.7 per cent drop year on year. The State Secretariat for Economic Affairs (Seco) had actually painted a more optimistic picture than during the summer,…

Cisalpino reaches end of the line

This content was published on Sep 25, 2009 The subsidiary of Swiss Federal Railways and Trenitalia, Italy’s government-owned rail service, will cease operations on December 13, it was announced on Friday. In September, the Federal Transportation Office had threatened to cut the service if quality didn’t improve. Cisalpino was founded in 1993. The two companies had in recent months discussed improvements of the…

Banks oppose plan for pay restrictions

This content was published on Sep 25, 2009 Finma, the country’s financial regulator, proposed rules in June to force banks to link bonuses to long-term performance. On Friday, the body published the banks’ responses. The Swiss Bankers Association said it supported the general direction of the proposals but said they went too far in interfering with company policy and that small institutions would…

Ticking away

This content was published on Sep 25, 2009

Switzerland set to allow alcohol ads

This content was published on Sep 24, 2009 The Senate yielded on Thursday to calls from the House of Representatives to change the rules that until now have only allowed local stations to air alcohol ads. Under current law the public national Swiss Broadcasting Corporation was forbidden to broadcast such commercials on Swiss airwaves, even when the ads originated in a country that…

Man “not to blame” for early carbon emissions

This content was published on Sep 24, 2009 Some researchers have argued that ancient farmers could be to blame for a noticeable rise in greenhouse gases 6,500 years ago as they cleared primordial lands for agriculture. As it turns out, man had nothing to do with it, scientists argue in Thursday’s issue of Nature. The findings produced by researchers at the Bern-based Oeschger…

Carbon isotopes

This content was published on Sep 24, 2009 Generally speaking, an element’s defining characteristic is based on the number of protons an atom has. An atom with eight protons makes oxygen. An atom with nine protons makes fluorine, a poisonous gas. But an atom can have a varying number of neutrons without radically changing its properties. These atomic variations of the same element…

Switzerland and US sign tax deal

This content was published on Sep 23, 2009 The DTA signed in Washington will make it easier for the two countries to exchange banks’ customer information. The agreement conforms to Article 26 of the Model Tax Convention of the Organisation for Economic Co-operation and Development (OECD), which creates an obligation for countries to share relevant data for tax enforcement. Earlier this year Switzerland…

India launches Switzerland’s first satellite

This content was published on Sep 23, 2009 The mission of the gift box-sized device is to map airglow, the faint bands of green and mauve light caused when the sun’s high-energy radiation collides with atoms and molecules in the upper atmosphere. “Mission accomplished,” said an emotional Muriel Noca, project coordinator at the Federal Institute of Technology in Lausanne (EPFL). “I can’t believe…

Amnesty extended as tax dodgers stampede

This content was published on Sep 22, 2009 The US tax agency, the Internal Revenue Service (IRS), this week gave tax dodgers another month, until October 15, to voluntarily declare their hidden assets and escape the worst punishments. Clients of UBS are among those being hunted by the IRS after the Swiss bank admitted some advisors had helped US account holders evade taxes…

Internal: Archive

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Internal: Archive

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Experts disagree over course of economy

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Cisalpino reaches end of the line

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Banks oppose plan for pay restrictions

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Ticking away

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Switzerland set to allow alcohol ads

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Man “not to blame” for early carbon emissions

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Carbon isotopes

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Switzerland and US sign tax deal

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India launches Switzerland’s first satellite

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Amnesty extended as tax dodgers stampede

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