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Federal Railways reports sharp rise in profits

This content was published on Sep 10, 2009 Federal Railways said on Thursday that profits increased by 26.8 per cent to SFr132.8 million ($127.5 million). Operating expenses fell by SFr201.2 million, it noted. It said in a statement that its passenger load had risen but reported that freight traffic had felt the impact of the economic crisis. Measures taken to counter the crisis…

Third stimulus package passed

This content was published on Sep 10, 2009 The measures are aimed at mitigating the impact of the global economic downturn and the problem of long-term and youth joblessness. Unemployment is currently around 3.4 per cent and government economists forecast it will rise to 5.5 per cent in 2010. The Senate accepted the unemployment measures, which include financial support for further education projects…

Two women in dresses are sitting on a boat

Women in summer dresses offered free boat rides

This content was published on Sep 9, 2009

Lobby group warns of job losses over tax issue

This content was published on Sep 9, 2009 Mehrwert Schweiz (Value Added Switzerland), a group campaigning to maintain the practice, said a study it commissioned showed that those benefiting from the customised rates employed on average 2.3 people for their households and gardens. That represents 11,400 jobs for the estimated 5,000 people who benefit from the schemes, which vary from canton to canton.…

Restructuring hits Georg Fischer subsidiary

This content was published on Sep 9, 2009 Of the jobs to disappear, 168 will go at the AgieCharmilles plant near Geneva, which currently has a workforce of 400. Other losses will be made at sites at Losone, Nidau and Luterbach. AgieCharmilles would then employ around 1,000 people in Switzerland. Georg Fischer said the restructuring was part of its programme announced in May…

Stability gains Swiss economy top ranking

This content was published on Sep 8, 2009 In an achievement based on stability and consistently strong results across the 12 WEF categories, Switzerland overtook the US, which experienced a weakening in a number of areas, including its financial markets. Singapore, Sweden and Denmark complete the top five. European economies did well in the survey, securing six positions in the top ten (see…

Swiss economy ranked world’s most competitive

This content was published on Sep 8, 2009 The US dropped to second position due to weakening in its financial markets and macroeconomic stability, the report stated. Singapore, Sweden and Denmark complete the top five. “The Swiss economy continues to be characterised by an excellent capacity for innovation and a very sophisticated business culture,” the report from the Geneva-based organisation commented. The competitiveness…

Jobless numbers break the 150,000 mark

This content was published on Sep 8, 2009 The situation is becoming more acute for young people, with 29,298 of those in the 15-24 age group affected, an increase of 14 per cent over July. The number increased by 12,533 compared with the same month last year (74.8 per cent). At the end of August, a total of 5,467 more people were without…

Isolated cases of Tamiflu resistance reported

This content was published on Sep 7, 2009 A good sign is that the people who had the resistant strain have not passed the disease on to other people, said David Reddy, head of Roche’s Tamiflu pandemic task force. The 13 cases were scattered around the world in Europe, the United States and Asia, he said. Tamiflu is one of two main antivirals…

Food giant Nestlé opens 21st factory in China

This content was published on Sep 7, 2009 The state-of-the-art complex, which will employ 1,500 staff, will provide capacity to meet a growing demand for Totole, the leading seasoned broth brand in China. The new factory, costing RMB320 million (SFr49.6 million) will produce more than 100,000 tons of bouillon when fully completed, doubling the capacity of the existing facility. Nestlé and Totole signed…

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Federal Railways reports sharp rise in profits

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Third stimulus package passed

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Women in summer dresses offered free boat rides

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Lobby group warns of job losses over tax issue

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Restructuring hits Georg Fischer subsidiary

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Stability gains Swiss economy top ranking

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Swiss economy ranked world’s most competitive

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Jobless numbers break the 150,000 mark

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Isolated cases of Tamiflu resistance reported

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Food giant Nestlé opens 21st factory in China

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