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This content was published on Jul 2, 2009 From the post-war era to the beginning of the 1970s, cigarette smuggling was one the most flourishing trades in the border area between the Italian-speaking Swiss canton of Ticino and Italy. Smugglers often trudged long distances over difficult terrain to escape the Italian tax police. (Photos: RDB/Schleiniger)

Developing countries may buy Tamiflu cheaper

This content was published on Jul 1, 2009 The company said the programme should ensure that Tamiflu is available to them if the World Health Organization declares an influenza pandemic, or for the management of a novel influenza strain defined by the WHO that has significant pandemic potential. In a statement, the Basel-based company said on Wednesday it would produce and store Tamiflu…

US demands UBS comply in tax evasion case

This content was published on Jul 1, 2009 The Justice Department said in a brief filed with a Miami court on Tuesday that it was pressing ahead with its case to reveal information about 52,000 Americans suspected of using the bank to hide nearly $15 billion (SFr16.3 billion) in assets and evade US taxes. It rejected arguments from UBS and the Swiss government…

Government stresses safety of Swiss railways

This content was published on Jun 30, 2009 The Federal Transport Office released a statement on Tuesday to reassure the public that Swiss infrastructure, rolling stock and operational processes were different to those in Italy and there was a lower risk of an accident while transporting dangerous goods. It noted that the Swiss rail network had detectors at regular intervals that could sense…

Swiss institutions brace for Madoff fallout

This content was published on Jun 29, 2009 United States District Court Judge Denny Chin handed the maximum sentence to the 71-year-old investor, who perpetrated Wall Street’s biggest-ever fraud. The New York court erupted into cheers. Madoff’s lawyers had sought 12 years in prison, while prosecutors wanted the maximum. Chin called the fraud “staggering” and noted that it spanned more than 20 years.…

Rating the city rankings

This content was published on Jun 29, 2009 The results from numerous surveys help companies choose an ideal location for their headquarters or to open a new office abroad even if the credibility of the rankings is rarely questioned. “Zurich – Switzerland’s Economic Metropolis” is the name of a brochure published by the financial centre. It lists the rankings of no fewer than…

Syngenta CEO promotes stronger Swiss-US ties

This content was published on Jun 29, 2009 Mack, the CEO of Syngenta, led the Basel-based agricultural concern to $3.6 billion (SFr3.9 billion) in sales for the first quarter of 2009. He was unanimously elected to the Chamber of Commerce post. The American, 48, told swissinfo.ch what he hopes to accomplish and shared his views on how Swiss-American businesses can help feed a…

Libya pulls assets from Swiss banks

This content was published on Jun 28, 2009 The north African country last year pulled out SFr5.6 billion ($5.2 billion) of its SFr5.75 billion deposited in Swiss banks, according to statistics by the Swiss National Bank. The Swiss foreign ministry said it had no detailed figures on Libyan assets in Switzerland, but a withdrawal had little economic impact. In 2007 Libyan assets made…

From Russia with money

This content was published on Jun 27, 2009 Russian entrepreneurs were wooed at events in Moscow and St Petersburg during a recent visit by Jean-Daniel Gerber, director of Switzerland’s State Secretariat for Economic Affairs, to promote bilateral trade. Representatives of various Swiss regions were among those present. Martin Meyer of Dews, the umbrella economic promotion body for the French-speaking cantons of Jura, Neuchâtel,…

Piccard’s solar power dreams take flight

This content was published on Jun 26, 2009 There was much applause and cheering on Friday at a special ceremony at the Dübendorf airfield near Zurich as the curtains were pulled back to reveal the aircraft, which has taken six years to design and build. “Yesterday it was a dream. Today it is a plane. Tomorrow it will be an ambassador of renewable…

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From Russia with money

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