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Is Switzerland heading for a recession?

This content was published on Sep 30, 2008 The latest round of global financial turbulence has increased pessimism, but Switzerland is still expected to weather the storm better than many countries thanks to its sound economic foundations. On Monday, the KOF Swiss Economic Institute predicted negative growth over the next two financial quarters and dramatically revised its 2009 gross domestic product (GDP) prognosis…

Student grants shrinking over time

This content was published on Sep 30, 2008 The total handout of SFr310 million ($280 million) represented a decrease in real terms of 23 per cent since 1993, despite the fact that the number of people attending higher education has risen consistently since then. Less than one in ten of Switzerland’s 538,000 students and apprentices qualified for grants last year. The cantons paid…

Half a century of space exploration

This content was published on Sep 30, 2008 From rocket planes to photos of infinity: What future historians will see as the first steps toward space exploration is already a long story.

What holds the world together? (Science Switzerland series)

This content was published on Sep 30, 2008 Felicitas Pauss’s job is to find out what holds the world together. She’s a professor at the Federal Institute for Technology in Zurich, and a project leader at Cern, the world’s largest particle physics research laboratory on the French/Swiss border. The Austrian scientist is leading an experiment using the new Hadron Collider, to recreate the…

Kuoni acquires Melbourne-based tour operator

This content was published on Sep 30, 2008 The Kuoni Group announced that is to acquire the business activities of ATM but the value of the deal was not disclosed. In the business year ending June 2008, ATM reported a turnover of SFr21 million ($19.16 million). The Australian company will keep its name, employees and management team. According to Kuoni, ATM is a…

Failed bank rescue seen as challenge for Europe

This content was published on Sep 30, 2008 “A wake up call for Europe,” was the title of the commentary in Tuesday morning’s Tages-Anzeiger newspaper of Zurich, echoed by Le Temps of Geneva: “A challenge for Europe”. The Tages-Anzeiger says that Europe lulled itself into a false sense of security at the beginning of the financial crisis in the United States, contrasting the…

Switzerland looks to its reputation

This content was published on Sep 29, 2008 These were two of the findings of an international image study rating 50 countries, which put Switzerland in eighth position overall – three places lower than in the same study in 2005. Presence Switzerland (PRS), the official Swiss body whose job is to convey an “authentic image” of the country, published the comments of the…

Stock exchange sharply down

This content was published on Sep 29, 2008 At the close the Swiss Market Index of the 20 leading companies had lost 4.63 per cent in comparison with Friday. Banks shares were particularly badly hit, with UBS losing 13.6 per cent at its lowest point in the day. Credit Suisse lost 7.8 per cent and Julius Bär 6.8. UBS is due to hold…

The axe falls on pulp mill

This content was published on Sep 29, 2008 The Norwegian parent company of the Borregaard pulp mill in canton Solothurn said that it was unlikely that investors would be found to take the mill over. The 440 workers are set to lose their jobs. “This is very sad for us all, and we very much regret this development,” said Jorn Syvertsen, president of…

Trade accord with Japan soon ready for signing

This content was published on Sep 29, 2008 A statement by the ministry said the accord should be signed as soon as possible. The agreement covers several areas including trade in goods and services, rules of origin and investment. Both sides have pledged to eliminate or reduce tariffs on industrial, and agricultural, forestry and fishery products. The accord will also provide a framework…

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Internal: Archive

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Is Switzerland heading for a recession?

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Student grants shrinking over time

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Half a century of space exploration

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What holds the world together? (Science Switzerland series)

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Kuoni acquires Melbourne-based tour operator

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Failed bank rescue seen as challenge for Europe

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Switzerland looks to its reputation

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Stock exchange sharply down

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The axe falls on pulp mill

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Trade accord with Japan soon ready for signing

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