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Organisation targets cyber crime

This content was published on Jul 19, 2010 The company says it is blocking internet addresses in Switzerland which are misused for phishing – attempting to acquire personal details online by pretending to be a trustworthy source – or which disseminate so-called malware. It is also removing them from the network. A special unit is cooperating with financial service providers, government agencies and…

Holiday misery as traffic backlogs

This content was published on Jul 17, 2010 In the morning there were ten kilometres of traffic jams between Basel and Lucerne, 16km at the Gotthard tunnel – infamous for its summer blockages – and 14km at the Swiss-Italian border Chiasso-Brodega. Those at the Gotthard were left facing up to four hours in their cars, according to the Touring Club of Switzerland (TCS)…

Roche cancer drug could lose FDA approval

This content was published on Jul 16, 2010 This could lead to the drug Avastin being taken off of the American market, as US government health scientists announced on Friday. The Food and Drug Administration (FDA) approved Avastin in 2008, basing its decision on early-stage trials. However, follow-up studies done by Swiss pharmaceutical giant Roche indicate that the drug does not significantly extend…

ABB lands mega wind power deal

This content was published on Jul 16, 2010 It will build three wind parks in the North Sea for transpower, the German transmission grid operator. The three wind parks will supply a total output of 800 megawatts to mainland Germany, ABB announced on Friday. ABB will use the eco-friendly high-voltage direct current (HVDC) technology to connect the wind parks’ power to the network.…

Credit Suisse raids continue in Frankfurt

This content was published on Jul 16, 2010 Düsseldorf state prosecutor Johannes Mocken described the operation as “very successful”, saying “far more than 100 boxes” of files had been confiscated from 13 branches. On Wednesday Credit Suisse offices were searched in Düsseldorf, Berlin, Munich and other German cities after the authorities paid for confidential banking data that had been stolen from Switzerland. German…

Exercising the brain and the body

This content was published on Jul 16, 2010 Trees and flowers, industrial history, agriculture, the structure of the solar system, local fairy stories – there’s something for everyone. Some give a deeper understanding of the local region, some teach about a specific subject, while the main purpose of others is simply to enliven a family stroll. swissinfo.ch went to investigate one of the…

Zurich Financial prepares for property market losses

This content was published on Jul 16, 2010 The insurance company also sharply increased provisions by $330 million (SFr344 million) to shield against loan losses there. Zurich said on Friday that both property markets were continuing to deteriorate. It had been financing commercial property developments through its subsidiaries Dunbar Bank and Zurich Bank. “Ending this business [in Britain and Ireland] is the better…

Water restrictions implemented

This content was published on Jul 16, 2010 River levels have fallen below the limit under which water usage is restricted. The cantons have also cited increased risks for fauna as another reason for implementing these restrictions. Fish have been dying because of the higher temperatures and the stronger effects of pollution in a smaller volume of water. Restrictions on outdoor fires have…

PET recycling reaches record high

This content was published on Jul 16, 2010 The Swiss PET Recycling association said this was a three per cent rise on 2008, despite an additional 32 million bottles going into circulation during the year. Switzerland has a national target to recycle 75 per cent of PET bottles. In 2006 the rate of recycling was 76 per cent. PET Recycling said Swiss recycling…

US reforms are “no constraint” on big banks

This content was published on Jul 15, 2010 Swiss banks, like their US counterparts, have been using lobbyists to fight their corner while the reform was being drawn up, and Switzerland’s biggest bank Credit Suisse has already surmised that there won’t be any major impact on their US operations. Spurred on by the most expensive public rescue plan in US history after the…

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Organisation targets cyber crime

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Holiday misery as traffic backlogs

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Roche cancer drug could lose FDA approval

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ABB lands mega wind power deal

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Credit Suisse raids continue in Frankfurt

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Exercising the brain and the body

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Zurich Financial prepares for property market losses

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Water restrictions implemented

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PET recycling reaches record high

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US reforms are “no constraint” on big banks

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