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Swiss welcome EU move to stabilise markets

This content was published on Oct 7, 2008 Gathering in Luxembourg one day after global markets endured major losses, officials from the European Union agreed to guarantee deposits up to €50,000 ($67,930), which is up from €20,000. Individual countries, notably Ireland, had previously taken unilateral steps to protect depositors should a bank collapse. The ministers also agreed in principle to back large banks,…

Bacteria-killing yeast makes wine taste better

This content was published on Oct 7, 2008 The scientists said on Tuesday that the yeast, called Lalvin W15, could be used around the world during the fermentation process. The yeast enhances a wine’s quality by limiting the production of acetic acid, which improves flavour, they reported. It also increases glycerin, which helps keep a wine balanced and smooth. Additionally, Lalvin W15 boosts…

Union unveils economy booster plan

This content was published on Oct 7, 2008 The appeal forms part of a six-point plan for boosting the economy, unveiled by Unia on the occasion of its four-year anniversary. To protect the economy the union says key rates should be lowered at the Swiss central, cantonal and Raiffeisen banks and a public spending policy developed that stimulates the economic situation. Spiralling electricity…

Birds checked on their way to warmer climes.

This content was published on Oct 7, 2008

Cern collider failure down to poor soldering

This content was published on Oct 7, 2008 Lyn Evans, project leader of the Large Hadron Collider at the European Nuclear Research Organization (Cern) outside Geneva, said the source problem was small. “It happens quite often in electrical connections,” Evans said, adding that he thought the fault resulted from human error on one electrical connection – one of 10,000 inside the machine. The…

Government promises action in financial crisis

This content was published on Oct 7, 2008 Acting Finance Minister Eveline Widmer-Schlumpf made the comments after the Swiss stock exchange suffered its worst day since September 11, 2001, with banks and insurance companies among the hardest hit. Widmer-Schlumpf said the Federal Banking Commission had taken supervisory measures and the Swiss National Bank was providing sufficient liquidity to money markets. “The cabinet will,…

Blue-chip shares plummet amid global jitters

This content was published on Oct 6, 2008 Zurich’s blue-chip SMI index lost 6.12 per cent of its value on Monday as European markets absorbed the effects of the global financial crisis. Shares in private bank Julius Baer led the sell-off, ending 15.3 per cent lower than at the close on Friday. Swiss Re suffered a 13.4 per cent drop in the price…

Swiss stock exchange opens on low

This content was published on Oct 6, 2008 Similar falls were reported across Europe as trading opened after the weekend and after low finishes in Asia. Within the first 15 minutes of trading, the Swiss Market Index (SMI) of 20 leading companies had dropped to 6625.82 points. The country’s largest bank, UBS, recorded the sharpest tumble – ten per cent – before regaining…

Scientists unlock secrets of human memory

This content was published on Oct 6, 2008 While scientists have known for years that learning can forge bonds between brain cells, they have been unable to understand the precise nature of that circuitry. Now a team led by Dominique Müller, a professor at the university’s department of neuroscience, has discovered that our brains send information through a network that adapts to our…

Customers feel US cross-border banking squeeze

This content was published on Oct 4, 2008 Increasingly complex US tax regulations have also left many Americans resident in Switzerland unable to find services beyond a standard retail account with a range of Swiss banks. Strict rules that have emerged in recent years are part of a US campaign to stop people evading taxes with offshore accounts. The issue came to a…

Internal: Archive

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Swiss welcome EU move to stabilise markets

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Bacteria-killing yeast makes wine taste better

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Union unveils economy booster plan

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Birds checked on their way to warmer climes.

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Cern collider failure down to poor soldering

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Government promises action in financial crisis

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Blue-chip shares plummet amid global jitters

More

Swiss stock exchange opens on low

More

Scientists unlock secrets of human memory

More

Customers feel US cross-border banking squeeze

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