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Economy sees decline of GDP in 2009

This content was published on Aug 26, 2010 The Federal Statistics Office reported it fell by 1.6 per cent at current prices. In view of the slight rise in the general price level, GDP at the previous year’s prices fell 1.9%, after an increase of 1.9% in 2008. Household consumer spending grew by one per cent last year, which helped to curb the…

Swiss franc breaks new record against euro

This content was published on Aug 25, 2010 This latest appreciation of the franc against the euro follows the Swiss National Bank’s decision not to further intervene in the currency market for the moment. The central bank announced in July that it spent around SFr132 billion to keep the Swiss franc down by boosting the demand for euros. The money went largely to…

Scientists target super-massive black holes

This content was published on Aug 25, 2010 The discovery, published in Nature magazine, could help scientists understand how gravity and dark matter formed the universe. Black holes are objects in which the pull of gravity is so strong that nothing, not even light, can escape. They are detected by the effect they have on their surroundings. Super-massive black holes can have masses…

Geneva private bankers targeted in attacks

This content was published on Aug 25, 2010 They confirmed a report of the attacks which appeared in the city’s Tribune de Genève newspaper. Geneva became a centre for private banking 200 years ago and the western Swiss city is now said to manage around ten per cent of international private savings. “I can confirm the information that appeared on Wednesday in the…

Burkhalter to hand over supercomputer in Brazil

This content was published on Aug 25, 2010 During his first official trip outside Europe, Burkhalter is due to meet senior ministers, top researchers and other officials to discuss cooperation between the two countries. He will also hand over a supercomputer. “Our main goal is to strengthen bilateral research cooperation with Brazil, which belongs to the group of eight non-European countries, alongside India…

Scientist recognised for “A to B” ranking

This content was published on Aug 25, 2010 Jochen Mundinger, working at the Swiss Institute of Technology in Lausanne (EPFL), was recognised for developing a search engine that finds the fastest, cheapest, or most ecological way to get from A to B. Mundinger’s website, routeRANK.com, not only finds flights between cities, but also trains, public transport and driving routes and allows the potential…

Research looks to generations to end labour gap

This content was published on Aug 25, 2010 “Towards an inter-generational policy” gathers together proposals for redressing the balance between greying employees and those just starting out. Published by the Swiss Academy for Humanities and Social Sciences, the study has been submitted to the speaker of the House of Representatives, Pascale Bruderer-Wyss, for review. “Never before in the history of mankind has there…

Regulator slaps hefty fine on Zurich Financial

This content was published on Aug 24, 2010 The supervisory body said on Tuesday this was the highest fine to date imposed on a single firm for data security failings. It added that Zurich UK, a subsidiary of ZFS, had lost a tape in South Africa containing details of 46,000 insurance customers. It was not aware of the loss until a year later,…

Another tax CD causes controversy in Germany

This content was published on Aug 24, 2010 A CD containing information about Swiss accounts was offered to the state earlier this year and later acquired by the German government. The new CD is said to include the names of 250 companies which allegedly deposited hundreds of millions of euros in Swiss bank accounts to avoid paying taxes to the German taxman. For…

Basel plans major aquarium

This content was published on Aug 24, 2010 Basel Zoo – known affectionately to locals as the “Zolli” – is looking to expand further into the city, by building what it calls an Ozeanium in an area of town which is ripe for renovation. While such centres can be found in a number of countries, they are generally on the coast. There is…

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Economy sees decline of GDP in 2009

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Swiss franc breaks new record against euro

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Scientists target super-massive black holes

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Geneva private bankers targeted in attacks

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Burkhalter to hand over supercomputer in Brazil

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Scientist recognised for “A to B” ranking

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Research looks to generations to end labour gap

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Regulator slaps hefty fine on Zurich Financial

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Another tax CD causes controversy in Germany

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Basel plans major aquarium

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