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US tax probe tightens noose on Swiss banks

This content was published on Mar 9, 2011 The renewed offensive by the US tax authorities has alarmed the Swiss banking community, sparking fears of a second assault on banking secrecy and rumours regarding which banks may be next to face the music. One bank that has suffered from adverse conditions in the US is the Neue Zürcher Bank (NZB), that closed down…

Double-jobbing molecule tracked by scientists

This content was published on Mar 9, 2011 The molecule – cytokine tumour necrosis factor-alpha (TNFα) – has until now mainly been known for its role in killing disease-causing agents in the immune system during inflammatory and immune reactions, when it is produced in large amounts. The team of neurobiologists, led by Andrea Volterra, discovered that this immune molecule also plays a critical…

Beside the points

This content was published on Mar 9, 2011 Public railways have existed since 1825 and operational models of them for roughly just as long. Train sets can be found in attics, air raid shelters, former swimming pools or purpose-built clubs. The recent digitalisation of tracks has rejuvenated the model train scene. Photographer Roger Wehrli visited three clubs in Aargau and Solothurn.

KOF predicts growth in 2011

This content was published on Mar 9, 2011 Based on input solicited from economists, the institute predicts GDP growth at a rate of two per cent for 2011. The overall expected growth is 1.9 per cent – slightly higher than the figure estimated in December. Meanwhile, construction and equipment investments are expected to increase by 3.6 per cent. The KOF Consensus Forecast says…

Swatch could be heading for hour of reckoning

This content was published on Mar 9, 2011 Grégory Pons, a French Geneva-based journalist specialising in the watch industry, tells swissinfo.ch that despite the Swatch Group’s success – record key figures for 2010 have already been released – challenges lie ahead. Pons is editor of an international newsletter for watchmaking professionals and jury member of the Grand Prix d’Horlogerie, a competition for high-end…

Tax evasion case puts Credit Suisse in spotlight

This content was published on Mar 9, 2011 The defendant, from Ohio, was originally charged with hiding assets in accounts at Swiss bank UBS, but he has now also admitted that he hid assets at Switzerland’s other big bank. US officials have said they are investigating other banks after UBS in 2009 paid $780 million (SFr731 million) to settle tax evasion charges. A…

Rising house prices “heading towards a wall”

This content was published on Mar 8, 2011 The average price of apartments has increased 56 per cent in the past decade and that of single family homes by 37 per cent, with the trend showing no signs of abating. In some areas, real estate inflation has substantially outstripped rises in household income. “We’re heading towards a wall,” Credit Suisse real estate analyst…

Marketing luxury watches in China takes time

This content was published on Mar 8, 2011 There are differing views on what luxury actually is among the country’s wealthy and therefore one marketing strategy alone does not necessarily apply to all would-be customers, experts say. Swiss watchmaking exports to China increased sharply in 2010 and the trend is set to continue, against the background of a rise in the country’s rich.…

Women still climbing to the top in business

This content was published on Mar 7, 2011 The State Secretariat for Economic Affairs (Seco) has just issued a set of good practices to encourage firms to appoint more women to top positions, with the support of two employers’ associations. But critics say that voluntary measures don’t go far enough. Currently women make up around four per cent of executive management in Switzerland…

Switzerland No 1 for tourism competitiveness

This content was published on Mar 7, 2011 “Switzerland is not only an attractive tourism destination but is also an important business travel hub, with many international fairs and exhibitions held in the country each year,” the WEF report said. The report measured the competitiveness in the travel and tourism sector of 139 countries by examining indictors such as regulations and the business…

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US tax probe tightens noose on Swiss banks

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Double-jobbing molecule tracked by scientists

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Beside the points

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KOF predicts growth in 2011

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Swatch could be heading for hour of reckoning

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Tax evasion case puts Credit Suisse in spotlight

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Rising house prices “heading towards a wall”

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Marketing luxury watches in China takes time

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Women still climbing to the top in business

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Switzerland No 1 for tourism competitiveness

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