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Parliament greenlights nuclear participation

This content was published on Mar 3, 2009 Tuesday’s vote by the House of Representatives comes after the Senate gave its full backing to the initiative in September. ITER was established on October 24, 2007. Seven members are engaged in the project: China, the European Union, India, Japan, Korea, Russia and the United States, with the costs being shared among them. Switzerland has…

A “win-win way” to beat the financial crisis

This content was published on Mar 3, 2009 A new project to meet the challenges posed by the financial crisis has been launched in the French-speaking canton of Vaud, with the backing of the major trade union and employers associations, as well as the cantonal government. The idea is that businesses experiencing a temporary shortfall in orders will be able to lend their…

Major media companies seek merger

This content was published on Mar 3, 2009 A joint statement said the alliance of two of the country’s major media groups, to be completed by 2013, aimed to create synergies and ward off foreign competition. It is not clear how many jobs will be cut as a result. The deal is subject to approval by the Federal Competition Commission. Tamedia is Switzerland’s…

Money matters on the agenda in US visit

This content was published on Mar 2, 2009 The pair met on Monday in Washington before Widmer-Schlumpf held further talks on justice matters with US Attorney General Eric Holder, who has stepped aside from a US probe into Swiss bank, UBS, because of a conflict of interest. The US Justice Department said Holder thanked Widmer-Schlumpf for Switzerland’s offer for help with closing the…

“No talk of putting Switzerland on blacklist”

This content was published on Mar 2, 2009 But Switzerland has underestimated the political pressures building up over banking secrecy and the change of mood in countries that have been badly hit by the financial crisis, John Nichols tells swissinfo. Switzerland’s tradition of banking secrecy has come under renewed pressure recently. The country’s largest financial institution, UBS, is the subject of a major…

Small businesses weathering the economic storm

This content was published on Mar 2, 2009 Such small- and medium-sized enterprises (SMEs), which account for more than 88 per cent of all Swiss companies, are also cushioned by an aversion to taking on too much debt but still face succession problems. The survey of 300 Swiss family-owned SMEs found that 68 per cent of companies are less motivated by making money…

Green energy promoters seek financial boost

This content was published on Mar 2, 2009 The group handed in a petition with more than 28,000 signatures aimed at boosting the annual credit to support projects for hydro- and geothermal power, photovoltaic panels, and wind and biomass energy. The campaigners, which include Greenpeace and Swissolar, said more than 4,000 projects were blocked because government funding was limited to SFr250 million ($213…

Economic woes to mark parliament session

This content was published on Mar 2, 2009 Politicians will not only discuss policy for the country’s largest bank, UBS, and banking secrecy but the two chambers are also set to decide on the government’s proposed stimulus package to stabilise the economy. The handing over of confidential client data by UBS to the United States justice authorities has prompted a public debate over…

Banking secrecy

This content was published on Feb 27, 2009 The Swiss banking secrecy crisis seen by cartoonists from Switzerland and elsewhere.

Roth to step down from helm of central bank

This content was published on Feb 27, 2009 Roth announced on Friday that he would resign at the end of the year with no successor being named. He will depart in the midst of a global recession having taken measures to shore up the Swiss economy. Roth took up his position in 2001 and his reign was sandwiched between two periods of economic…

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Internal: Archive

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Parliament greenlights nuclear participation

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A “win-win way” to beat the financial crisis

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Major media companies seek merger

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Money matters on the agenda in US visit

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“No talk of putting Switzerland on blacklist”

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Small businesses weathering the economic storm

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Green energy promoters seek financial boost

More

Economic woes to mark parliament session

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Banking secrecy

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Roth to step down from helm of central bank

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