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Study finds Aids treatment gap is closing

This content was published on Jul 8, 2008 While the study, published in the online journal PLos Medicine on Tuesday, is a vote of confidence for the standardised drug treatments South Africa provides to its millions of patients, the authors also call for greater efforts to be made to ensure people are diagnosed and treated earlier. The World Health Organization backed the study,…

Novartis buys into eye care specialist

This content was published on Jul 8, 2008 The drugmaker said in a statement on Tuesday that the price was $200 million less than previously announced, due to a dividend payment. The purchase is the first step in Novartis’ agreement to acquire a majority stake in American firm Alcon from Swiss food multinational Nestlé. The deal was announced in April. Novartis has the…

Washington Post gets new executive editor

This content was published on Jul 8, 2008 Brauchli, 47, will oversee the operations of the Post and washingtonpost.com, a sign that the newspaper may be assuming more control over the website, which has been separately run. Brauchli was managing editor of The Wall Street Journal until he resigned earlier this year to make way for new owner Rupert Murdoch’s candidate. Murdoch’s News…

Move to ban pollutant cars gathers pace

This content was published on Jul 7, 2008 The youth wing of the Green Party has gathered 130,000 signatures for a people’s initiative to be lodged with the federal authorities, a party spokesman said on Monday. The group wants to outlaw vehicles such as sports utility vehicles (SUVs) that may emit excessive quantities of harmful substances, particularly carbon dioxide or fine-particles or those…

Unemployment keeps on falling

This content was published on Jul 7, 2008 According to figures released by the State Secretariat for Economic Affairs (Seco) on Monday, the number of people getting unemployment benefit was 91,477 at the end of the last month, or nearly 3,700 fewer than in May. However if seasonal factors are taken into account, the figure actually rose slightly, said the head of Seco’s…

Central bank is confident about present policy

This content was published on Jul 6, 2008 Thomas Jordan, a vice-president of the bank, told the NZZ am Sonntag newspaper: “We believe that an unchanged monetary policy is enough to bring inflation back to price stability.” Inflation has risen to 2.9 per cent, above the two per cent threshold that the central bank equates with price stability. The bank decided in mid-June…

Companies boost climate commitment

This content was published on Jul 4, 2008 The result is the Swiss Climate Foundation, which was officially baptised in Zurich on Friday. It is believed to be the first project of its kind in Switzerland and is financed from a CO2 tax rebate. Insurers Swiss Life, Vaudoise Insurances, XL Insurance, Allianz Switzerland, PartnerRe and Swiss Re, as well as professional services firm…

UBS countersuit turned down by High Court

This content was published on Jul 4, 2008 The countersuit was filed after HSH Nordbank decided to sue the Swiss bank for US$275 million (SFr281 million) in damages over losses stemming from mortgage securities that had turned sour. HSH accused UBS of fraudulent actions related to US$500 million in collateralised debt obligations. UBS reacted with a lawsuit, filed in London, that defended its…

Counterfeiters prefer euros to dollars

This content was published on Jul 4, 2008 But while the figure for false euros rose by 1,295 to 3,389, the number of forged dollar bills seized dropped from 2,482 in 2006 to 1,579 in 2007. The most popular note with counterfeiters was 100 euros, which accounted for 40 per cent of the seizures, followed by 50 euros (30 per cent) and 200…

UBS optimistic about second quarter

This content was published on Jul 4, 2008 The bank, that has been hit hard by the United States subprime crisis and is currently embroiled in a US tax evasion probe, said it would benefit from a SFr3 billion tax credit. UBS said the credit would offset further investment banking losses. “The results reflect positive contributions from global wealth management and business banking…

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Study finds Aids treatment gap is closing

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Novartis buys into eye care specialist

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Washington Post gets new executive editor

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Move to ban pollutant cars gathers pace

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Unemployment keeps on falling

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Central bank is confident about present policy

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Companies boost climate commitment

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UBS countersuit turned down by High Court

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Counterfeiters prefer euros to dollars

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UBS optimistic about second quarter

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