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“Flying boat” speed record confirmed

This content was published on Sep 7, 2009 Hydroptère, a hydrofoil vessel created by Frenchman Alain Thébault, sailing enthusiast Thierry Lombard and the Federal Institute of Technology in Lausanne (EPFL), last year broke through the speed barrier for the first time at up to 56.3 knots (104 km/h). The boat needed to repeat the attempt again in 2009 in order to claim the…

Switzerland’s Nobel boom – bust?

This content was published on Sep 7, 2009 Since 1901, when the first prizes were awarded for physics, chemistry, physiology or medicine, literature and peace, 24 Swiss have been honoured – a fact not lost on politicians and business leaders. And according to the Lausanne “talent incubator” IMD, Switzerland boasts 1.111 Nobel Prizes per million inhabitants, awarded between 1950 and 2001 for physics,…

Election and economy top parliament agenda

This content was published on Sep 7, 2009 The centre-right Radicals face a challenge by the Christian Democrats for an additional seat in the seven-member cabinet. Other highlights over the next three weeks in parliament are debates about a third economic stimulus package worth SFr400million ($378 million) to mitigate the impact of the global economic downturn and an increase in unemployment. It foresees…

Regulation overdose reminiscent of “banana republic”

This content was published on Sep 4, 2009 Brabeck, speaking at the annual conference of the Swiss Business Federation, economiesuisse, on Friday, called on politicians to show restraint and to remember that banks, not companies, started the recession. Switzerland has witnessed a growing groundswell of public opinion aimed against perceived mismanagement by executives and the size of their pay packets, and particularly their…

Chocolate is still a sure bet for Nestlé

This content was published on Sep 4, 2009 As a sign of this good health, Nestlé will open on Monday a chocolate excellence centre in Broc, canton Fribourg, on the site of one of its oldest production facilities. Chocolate, along with other confectionery, constitutes a large chunk of Nestlé’s business. It represents 11.3 per cent of the company’s turnover, less than its beverage…

Parliament satisfied with UBS action

This content was published on Sep 4, 2009 “The fire is out,” said commission president Fabio Abate on Friday, adding that state aid was no longer needed and it was now a question of rebuilding. In October Bern gave UBS a cash injection of SFr6 billion ($5.6 billion) and the Swiss National Bank agreed to absorb in a special fund SFr40 billion worth…

Swiss to switch off traditional light bulbs

This content was published on Sep 4, 2009 With lighting accounting for up to 15 per cent of energy consumption in Swiss households, green bulbs are expected to produce significant energy and cost savings, as well as help protect the environment. The EU started phasing out the manufacture and import of 100-watt and frosted incandescent light bulbs on Tuesday. These are to be…

Orphaned panda raised by hand at zoo in eastern Switzerland

This content was published on Sep 3, 2009

Google Street View triggers legal action

This content was published on Sep 3, 2009 “It’s all about clarifying whether in future everyone will have to reckon on finding themselves pictured on the internet,” said federal data protection officer Hanspeter Thür on Wednesday. The Swiss version of Street View, which allows users to take virtual strolls around seven Swiss towns, went online on August 17. Five days later Thür said…

Canada presses UBS for client data

This content was published on Sep 3, 2009 The Canada Revenue Agency (CRA) “clearly outlined the need to obtain this information from UBS” during talks in Toronto, spokeswoman Caitlin Workman said on Wednesday. “The CRA will make every effort to gain the information required to enforce the provisions of the Income Tax Act in the most efficient way possible,” she said, adding the…

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“Flying boat” speed record confirmed

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Switzerland’s Nobel boom – bust?

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Election and economy top parliament agenda

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Regulation overdose reminiscent of “banana republic”

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Chocolate is still a sure bet for Nestlé

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Parliament satisfied with UBS action

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Swiss to switch off traditional light bulbs

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Orphaned panda raised by hand at zoo in eastern Switzerland

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Google Street View triggers legal action

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Canada presses UBS for client data

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