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Swiss competitiveness ranked fifth worldwide

This content was published on May 18, 2011 One of only three European countries in the top ten – along with Sweden and Germany – Switzerland managed to maintain its growth dynamic through its diversification and by focusing its attention on both the European and Asian markets, the authors of the index said. Based on 331 criteria, the 2011 overall ranking maintains 2010’s…

Italy slams Switzerland and blocks tax deal

This content was published on May 17, 2011 Speaking at a European finance ministers’ meeting in Brussels, an angry Tremonti criticised the directive as a “toothless instrument” that was legally worthless since it didn’t even allow for sanctions. In recent years Switzerland has come under pressure from its neighbours, including France and Italy, as well as the United States to crack down on…

Giant nano centre opened in Zurich

This content was published on May 17, 2011 Interior Minister Didier Burkhalter and 600 figures from industry, academia and government were present at Rüschlikon on Tuesday. “Nanoparticles are infinitely small but have a massive potential,” Burkhalter said, adding that the new centre was “a model of collaboration between science and economics”. The Binnig and Rohrer Nanotechnology Center is the centrepiece of a ten-year…

Rolex watch sold for record price at auction

This content was published on May 17, 2011 Produced by Rolex in 1942, the watch is one of only 12 models created, of which only eight are known to have survived. The Rolex wristwatch (reference 4113) has a nickel-finished lever movement, 17 jewels, silver matte dials and applied pink gold Arabic and baton numerals. It features several complex technical features, including a split…

Rolex looks to renew classic brand

This content was published on May 17, 2011 In a surprise move earlier this month, privately-owned Rolex said it would replace former banker Bruno Meier as chief executive after just two years in the job. Head of Rolex Italy Gian Riccardo Marini, 62, was named as CEO with immediate effect, while Daniel Neidhart, 49, has been appointed to the new position of head…

Cleantech business faces dirty practices

This content was published on May 14, 2011 According to Joachim Esser, just one of the many people working in the cleantech business, stricter criteria need to be enforced and patents in the field offered better protection. “Cleantech isn’t just about solar cells and windmills, or projects in the desert or publicly traded firms such as Oerlikon Solar,” Esser told swissinfo.ch. “There are…

Shareholders refuse Transocean discharge

This content was published on May 13, 2011 The Zug-registered company owned the Deepwater Horizon rig which drillied the well for BP in the Gulf of Mexico that blew out in April 2010, causing the worst oil spill in US history. Had the discharge motion been approved at the annual general meeting on Friday, it would have protected the directors and managers from…

Disability benefits to face cuts

This content was published on May 13, 2011 Interior Minister Didier Burkhalter said the aim was to save about SFr325 million ($368 million) annually and to liquidate the multi-billion debt by 2025. “It is the final stage of reforms to recapitalise the disability insurance system,” he told a news conference. The proposed reform foresees an overhaul of the staggered benefit system and promotes…

Phone radiation “affects biological processes”

This content was published on May 12, 2011 But a wide-ranging Swiss study has not been able to establish any links between everyday exposure to radiation and health problems. Nevertheless potential risks are not being ruled out. The National Research Programme “Non-Ionising Radiation – Health and Environment” (NRP 57), whose results were presented in Bern on Thursday, was the first of its kind…

UBS to pay millions to a US customer

This content was published on May 12, 2011 UBS plans to challenge the verdict at a canton Zurich court, as a bank spokesman told the Swiss media on Thursday. On September 1, 2008, the client issued the bank a written order to sell all of the American securities in the accounts of his Hong Kong-based company. However, the bank did not act straight…

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Swiss competitiveness ranked fifth worldwide

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Italy slams Switzerland and blocks tax deal

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Giant nano centre opened in Zurich

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Rolex watch sold for record price at auction

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Rolex looks to renew classic brand

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Cleantech business faces dirty practices

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Shareholders refuse Transocean discharge

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Disability benefits to face cuts

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Phone radiation “affects biological processes”

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UBS to pay millions to a US customer

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