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Piccard pulls it off

This content was published on Jun 26, 2009 An exclusive interview with Swiss adventurer Bertrand Piccard, just after the unveiling of the Solar Impulse, the first aircraft designed to fly day and night on solar energy alone. It was round-the-world balloonist Piccard who spearheaded the project. (Isobel Leybold-Johnson and Julie Hunt, swissinfo.ch)

Swiss economy could be on the turn

This content was published on Jun 26, 2009 According to researchers, the recent evolution of the barometer indicates that lowest point in the decline of the Gross Domestic Product (GDP) may have been reached. The index of the barometer fell by 1.65 points in June, 0.2 points less than in May, when it reached its lowest point since 1991. This is the first…

UBS seeks fresh money, warns of Q2 loss

This content was published on Jun 26, 2009 It follows a warning of a likely net loss in the second quarter and more net outflows in its wealth and asset management divisions. The troubled Swiss bank said it was offering nearly three million new shares to a small number of institutional investors at SFr13 each. This is slightly lower than Thursday’s closing price…

Open markets “the only chance” for poor countries

This content was published on Jun 25, 2009 Pascal Lamy is at an Organisation for Economic Co-operation and Development (OECD) forum in Paris this week, where a roundtable speaker compared the current downturn with the start of the depression in the early 1930s. In an interview with swissinfo.ch after the discussion, called “After the crisis, keeping markets open”, Lamy said the economic decline…

German finance minister accused of “dreaming”

This content was published on Jun 25, 2009 Merz, speaking in an interview with the Frankfurter Allgemeine Zeitung, said his German colleague, Peer Steinbrück, was “dreaming” if he expected “hundreds of millions of francs” in tax money to come pouring in. Merz was responding to Steinbrück’s comments earlier this year that German taxpayers have deposited €200-300 billion (SFr130–196 billion) in Swiss bank accounts,…

Non-invasive brain surgery proves successful

This content was published on Jun 25, 2009 Swiss doctors have successfully carried out the world’s first non-invasive brain surgery with use of high-intensity focused ultrasound (HIFU). Ten adult patients, who were awake during the revolutionary painless procedure, have been treated at University Children’s Hospital Zurich since September 2008 as part of a clinical study. The results were published this week. All interventions…

Outlook grim as job losses stack up

This content was published on Jun 24, 2009 Swiss engineering firm Sulzer announced 1,400 global redundancies on Wednesday while chemicals maker Clariant confirmed 500 job losses at the weekend. Other manufacturers, the watch and finance industries are also laying off workers. The run of bad news appears to confirm the expectation of economists that some 5.5 per cent of the workforce will be…

Economy may be sliding faster than thought

This content was published on Jun 24, 2009 At a meeting in Paris on Wednesday OECD officials issued a report saying Switzerland could expect a 2.7 per cent economic decline in 2009. That is down from an earlier figure of -0.2 per cent. The KOF Swiss Economic Institute in Zurich has predicted a 3.3 per cent drop. A recovery could also take longer…

Sulzer to cut 11 per cent of workforce

This content was published on Jun 24, 2009 The move is part of a cost-cutting programme through which the company plans to save SFr110 million ($103 million) annually after the various measures have been completed in the first half of 2011. In a statement, Sulzer said that market conditions in its key segments had continued to decline over the past months and no…

Trade plummets in May

This content was published on Jun 23, 2009 Exports fell to SFr14.261 billion ($13.111 billion) while imports dropped 21.8 per cent to SFr12.249 billion, according to the latest Federal Customs Office figures. The metals industry was the worst affected, with a nominal drop of 39 per cent. The machine, electronics, textiles and watch industries also suffered above average declines. Swiss exports to the…

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Internal: Archive

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Piccard pulls it off

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Swiss economy could be on the turn

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UBS seeks fresh money, warns of Q2 loss

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Open markets “the only chance” for poor countries

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German finance minister accused of “dreaming”

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Non-invasive brain surgery proves successful

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Outlook grim as job losses stack up

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Economy may be sliding faster than thought

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Sulzer to cut 11 per cent of workforce

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Trade plummets in May

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