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No cheap way out for Transocean

This content was published on Jun 15, 2010 A federal judge in Houston, Texas, ruled on Monday that the owner of the Deepwater Horizon oil rig that exploded and sank cannot use a 159-year-old maritime law to cap its damages at $27 million (SFr30.8 million). The Limitation of Liability Act of 1851 states that a vessel owner is only liable for the post-accident…

Economy forecast to grow by 1.9 per cent

This content was published on Jun 14, 2010 The Swiss Business Federation, economiesuisse, on Monday predicted economic growth of 1.9 per cent for this year and 1.6 per cent for next year. In 2009 growth declined by 1.6 per cent. Economiesuisse said the Swiss economy had weathered the storm relatively well compared with other countries, and the moderate increase in unemployment had helped…

Brazil puts Switzerland on financial blacklist

This content was published on Jun 14, 2010 The Swiss finance ministry has confirmed reports in the NZZ am Sonntag newspaper, adding that it had asked the Swiss ambassador in Brazil “to express the Swiss authorities’ surprise” to the relevant ministries. The Brazilian decision is linked to a deal between Switzerland and the United States that would enable the handover of data on…

Foreign graduates allowed to job hunt

This content was published on Jun 12, 2010 Both parliamentary chambers have decided to allow foreign graduates to stay on for six months after their studies. Currently, foreigners attending Swiss universities must return home after the final bell rings. That’s a missed opportunity, according to supporters of the motion, which passed the Senate on Monday with a vote of 28 to eight. “Switzerland…

Canadian tourists die in bus accident

This content was published on Jun 12, 2010 The bus carrying 48 Canadian tourists went over the edge of the road and overturned onto a field outside the village of Reckingen in canton Valais on Saturday morning, a spokesman for the Valais cantonal police said. The German-registered bus, driven by a 73-year-old driver, had left the alpine resort of Zermatt in the morning…

“Zero star” hotel targets commercial expansion

This content was published on Jun 12, 2010 The Zero Star Hotel started off life in a disused nuclear bunker as an art project making a statement against making a fast buck. But it enjoyed such success that it will soon relaunch as a commercial venture. The original location in Teufen, canton Appenzell Outer Rhodes, closed down a year after opening but has…

Chile quake to cost Swiss Re more than thought

This content was published on Jun 11, 2010 The world’s second largest reinsurance group has reassessed the cost to $630 million (SFr720 million) against $500 million forecast at the beginning of May. Swiss Re said the new appraisal is based on clients’ damage declarations, and added the final cost remained subject to change. The quake that shook Chile on February 27 killed nearly…

Swiss transport funding “is best”

This content was published on Jun 10, 2010 He was speaking during the TEN-T days 2010, a European Union conference in Zaragoza in Spain, which debated plans for an integrated, efficient and environmentally friendly transport system for the continent. Discussions at the two-day meeting, which finished on June 9, focused in particular on how to finance economically important freight corridors. The Swiss model…

Zurich project offers safety net to vulnerable

This content was published on Jun 10, 2010 The city of Zurich and the Swiss Red Cross are working with qualified volunteers on the “Salute” project, aimed at improving the existing public health sector services. Zurich is Switzerland’s financial and innovative centre. Yet constant pressure to perform in the workplace can have a negative influence on a person’s life outside the workforce –…

Employers will be “flexible” over World Cup

This content was published on Jun 10, 2010 A survey by the Swiss News Agency found that workers were being offered flexible hours. Unions are not issuing any special guidelines. A German study found that on average a quarter of an hour was lost per employee in Germany during the 2006 World Cup. The loss of productivity was equivalent to 0.4 per cent…

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No cheap way out for Transocean

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Economy forecast to grow by 1.9 per cent

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Brazil puts Switzerland on financial blacklist

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Foreign graduates allowed to job hunt

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Canadian tourists die in bus accident

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“Zero star” hotel targets commercial expansion

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Chile quake to cost Swiss Re more than thought

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Swiss transport funding “is best”

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Zurich project offers safety net to vulnerable

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