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Online contacts leave children vulnerable

This content was published on Jul 21, 2008 Martin Boess admits that current prevention campaigns against paedophile crime lag behind changed habits of internet users. There are numerous examples of youths who have been contacted by paedophiles according to Boess, who heads the coordination centre, Swiss Crime Prevention (SCP). “We often get calls from parents who look for advice because their underage daughter…

Pension fund yields keep on falling

This content was published on Jul 19, 2008 The financial services provider said on Saturday that the average yield on assets held by institutional investors fell 0.37 per cent during the second quarter this year. This follows a more dramatic drop of 8.04 per cent in the first three months of 2008 according to the company’s analysts. “The expected improvement of financial markets…

Inflation to cancel record wage increases

This content was published on Jul 18, 2008 However, the Federal Statistics Office says the hike – the biggest in six years – will be annulled by inflation expected to be 2.5 per cent this year. The service sector is to benefit from an average 2.5 per cent rise, while the industrial sector stands at 1.8 per cent. The wage increases include general…

National bank sees limited leeway in crisis

This content was published on Jul 18, 2008 One of the bank’s vice-presidents, Philipp Hildebrand, said in an interview with the Tages-Anzeiger newspaper that rising energy, commodity and food prices might endanger long-term price stability. Hildebrand said the lessons from the credit crunch should be taken at a regulatory level, rejecting objections by the country’s leading banks. They had argued tighter regulations could…

UBS to stop offshore banking for US residents

This content was published on Jul 17, 2008 Testifying before a congressional hearing, Mark Branson, chief financial officer for UBS global wealth management and business banking, added that UBS was working with the US government to identify US clients who may have engaged in tax fraud. Branson was one of two UBS executives who appeared before the Senate subcommittee in Washington on Thursday.…

banking secrecy poll

This content was published on Jul 17, 2008

Federer turns his back on home canton

This content was published on Jul 17, 2008 The winner of 12 grand slam titles had lived in Oberwil, canton Basel Country, for around three years but officially left at the end of March, according to the Oberwil authorities. Federer’s new permanent residence, which he shares with his partner Mirka Vavrinec, looks out over Lake Zurich and has more room for his trophies,…

Novartis puts in “strong performance”

This content was published on Jul 17, 2008 In a statement from its Basel headquarters, the group said sales were up 11 per cent to $20.6 billion, with all business contributing to “the strong performance”. Net sales for the second quarter rose by 14 per cent to $10.7 billion. “The growth acceleration in the second quarter of 2008 and our R&D successes, especially…

ABB appoints Hogan as new CEO

This content was published on Jul 17, 2008 ABB, which is active in power and automation technologies, said in a statement on Thursday that Hogan, aged 51, would join the company on September 1. Hogan, a United States citizen, has been at GE for 23 years and has led both its medical systems and healthcare units since November 2000. Michel Demaré, the group’s…

US pressure mounts on Swiss bank

This content was published on Jul 17, 2008 The subcommittee on investigations issued a report putting the total cost of the abuses aided by foreign banks at about $100 billion (SFr101 billion) per year. The chief targets of the report were UBS, and Liechtenstein’s LGT group, which is owned by the ruling family of the principality. The report recommended a range of reforms,…

Internal: Archive

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Internal: Archive

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Online contacts leave children vulnerable

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Pension fund yields keep on falling

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Inflation to cancel record wage increases

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National bank sees limited leeway in crisis

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UBS to stop offshore banking for US residents

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banking secrecy poll

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Federer turns his back on home canton

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Novartis puts in “strong performance”

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ABB appoints Hogan as new CEO

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US pressure mounts on Swiss bank

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