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Man on the Moon

This content was published on Jul 16, 2009 On July 21, 1969, American astronaut Neil Armstrong was the first man to set foot on the Moon. Four decades later, the memory stays strong for those who witnessed it and even for those who weren’t there.

Pharmaceuticals drive growth at Novartis

This content was published on Jul 16, 2009 Novartis said net sales for the first six months were $20.3 billion (SFr21.87 billion), an increase of eight per cent in local currencies but a decline of two per cent in dollars over the comparable period last year. Net income for the first half was down by 12 per cent at $4.02 billion. Announcing its…

McDonald’s to establish European HQ in Geneva

This content was published on Jul 15, 2009 One of the main functions of the European HQ will be to manage intellectual property rights associated with franchising operations across the region. This is currently carried out in the United States. McDonald’s has no European HQ at present with various operational functions being carried out by offices in London, Paris, Munich and Siena, Italy.…

Ice cream market fails to take off

This content was published on Jul 15, 2009 Even novelties this summer such as Mövenpick’s cognac ice cream and a special moon landing tie-in with the ever-popular Rocket lolly don’t look set to halt the decline. Whereas six years ago each Swiss got through more than eight litres of ice cream annually, last year it was down to six, according to the Swiss…

Flu virus tally leaps in 24 hours

This content was published on Jul 14, 2009 The new infections raised the Swiss tally to 178 confirmed cases of the virus, known as swine flu, spread out over 19 of the 26 cantons. Canton Valais was the hardest hit in the latest wave of infections, with 16 cases. A school with 120 pupils has been put in quarantine. There were also six…

Economic crisis hits Sulzer’s business hard

This content was published on Jul 14, 2009 Orders for the first six months were SFr1.56 billion ($1.44 billion), “clearly below” the record level of last year’s first half, a Sulzer statement said on Tuesday. The company, which makes pumps for the oil and gas industry as well as surface coatings for jet engines, noted that the dynamics of Sulzer’s key markets worsened…

Harnessing computer heat can cut energy bills

This content was published on Jul 14, 2009 Physicists at the Federal Institute of Technology in Zurich (ETH) working with IBM have created a liquid-cooled server system that can slash energy bills by as much as half while generating heat with little to no additional carbon emissions. “Computers are an excellent source of heat that until now has been wasted,” Bruno Michel, an…

Stalemate extended as UBS court case postponed

This content was published on Jul 13, 2009 UBS along with the Swiss and US authorities had on Sunday requested a postponement until August 3 as all parties try to find a solution to the impasse that threatens a collision between the legal codes of both countries. The US Department of Justice (DoJ) and the tax authority, the Internal Revenue Service (IRS), are…

Young banker finds his real calling

This content was published on Jul 13, 2009

British tax hike forces McDonald’s to Geneva

This content was published on Jul 13, 2009 The American burger giant is the most prominent in a line of companies to move away from London after Britain announced it would introduce more stringent taxes for profits earned on intellectual property rights abroad. Earlier this year, international publishing group Informa, relocated to Geneva to take advantage of favourable tax conditions and Switzerland’s growing…

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Man on the Moon

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Pharmaceuticals drive growth at Novartis

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McDonald’s to establish European HQ in Geneva

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Ice cream market fails to take off

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Flu virus tally leaps in 24 hours

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Economic crisis hits Sulzer’s business hard

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Harnessing computer heat can cut energy bills

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Stalemate extended as UBS court case postponed

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Young banker finds his real calling

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British tax hike forces McDonald’s to Geneva

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