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Vienna pips Zurich in city ranking

This content was published on Apr 26, 2009 The Austrian capital, Vienna, came first in the latest list of the Mercer consulting group ahead of two Swiss cities, Zurich and Geneva. Vancouver in Canada, and Auckland, New Zealand, tied in fourth place, while the Swiss capital, Bern, came ninth. Bottom of the table was – as in previous years – the Iraqi capital,…

Merz links tax deal with UBS legal case in US

This content was published on Apr 26, 2009 Merz met his US counterpart, Timothy Geithner, on the fringes of the annual meeting of the International Monetary Fund and the World Bank in Washington. Merz said he was optimistic about the chances of a successful conclusion of negotiations on a new double taxation agreement with the US. The talks are scheduled to begin in…

“Banking secrecy has its roots in Calvinism”

This content was published on Apr 26, 2009 Xavier Comtesse, who heads the western Swiss branch of Avenir Suisse, says Calvin stood for morality in the granting of credit, but also for protection of the personal sphere. This year marks the 500th birthday of the religious reformer whose ideas shaped the Protestant Church. In his honour Protestant denominations have designated 2009 Calvin Year.…

Scientists crack the cow code

This content was published on Apr 25, 2009 The Hereford cow’s gene map is the first livestock sequence, and the scientists think it will help explain how cattle evolved, why they ended up with a four-chambered stomach, and why they almost never get cancer. “This genome opens the door for new studies,” said Evgeny Zdobnov of Geneva University, one of 300 scientists from…

“Fusionman” prepares flight over Grand Canyon

This content was published on Apr 24, 2009 Rossy, 49, was at the Geneva Book Fair this week to promote his new book “Yves Rossy: homme volant” (flying man), detailing his birdman exploits over the past ten years. The former fighter pilot hit the international headlines in September 2008 when he became the first person to fly solo across the English Channel using…

Prison term for ex-banker increased

This content was published on Apr 24, 2009 The court in the northern Swiss city sentenced the 38-year-old unnamed man to three months in jail for giving German authorities details of 45 clients. He passed on the information while in detention in Germany on suspicion of fraud. Prosecutors lodged an appeal after considering an original 30-day prison sentence handed down in November 2007…

Swiss CEO changes seats to Lufthansa

This content was published on Apr 23, 2009 Franz would also oversee the company’s main business, passenger airlines, Lufthansa said on Thursday. German media have speculated that the 48-year-old German is a leading candidate to succeed Lufthansa CEO Wolfgang Mayrhuber, who retires next year at the age of 63. Franz has been with Swiss since 2004, a year before Lufthansa bought the company…

Credit Suisse puts global competition in shade

This content was published on Apr 23, 2009 The bank continues to attract new money from wealthy clients, but the key to success has been an impressive investment banking performance – the very activity that brought the industry to its knees. The news from Credit Suisse provides one of the few rays of hope for a banking industry still mired in the aftermath…

Swiss foreign trade takes a tumble

This content was published on Apr 23, 2009 Figures released on Thursday by the federal customs administration show that they even suffered declines of more than 20 per cent in March. Exports in the first quarter fell to SFr44.2 billion ($37.9 billion), a decline of 11.9 per cent (-13.3 per cent in real terms). The metal industry was the worst affected, recording a…

Global downturn hits Logitech hard

This content was published on Apr 23, 2009 Logitech, which is a Swiss company with headquarters in California, said income fell to $107 million (SFr124.7 million) from $231 million the previous year. The company said in a statement that sales for its fourth quarter from January to the end of March fell to $408 million, a decline of 32 per cent compared with…

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Vienna pips Zurich in city ranking

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Merz links tax deal with UBS legal case in US

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“Banking secrecy has its roots in Calvinism”

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Scientists crack the cow code

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“Fusionman” prepares flight over Grand Canyon

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Prison term for ex-banker increased

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Swiss CEO changes seats to Lufthansa

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Credit Suisse puts global competition in shade

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Swiss foreign trade takes a tumble

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Global downturn hits Logitech hard

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