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Novartis found guilty of discrimination in US

This content was published on May 17, 2010 A jury in the US District Court ruled on Monday that the company had systematically denied women promotion, paid them less and subjected them to differential treatment. At the opening of the trial six weeks ago, a lawyer for the plaintiffs said that although the company had extensive written materials warning against discrimination in fact…

Ash disrupts flights to some destinations

This content was published on May 17, 2010 A total of some 40 flights had been cancelled by mid-afternoon at Switzerland’s three main airports, Zurich, Geneva and Basel. However, the pattern was uneven, as some companies – including the low-cost airline easyJet – decided not to fly, and others – including Swiss and British Airways – took to the air. As for Switzerland…

Minimum wage initiative gathers pace

This content was published on May 17, 2010 The assembly of delegates of the Swiss federation of trade unions agreed on a text calling for a minimum wage of SFr22 ($19.5) per hour at 2011 rates. This would apply to everyone except apprentices, trainees, family businesses and voluntary workers. The federation named a range of sectors where low-wage jobs are found: cleaning, textiles,…

Swiss suffer 9,500 dog bites a year

This content was published on May 17, 2010 These accidents cost insurance companies an estimated SFr11 million ($9.7 million) a year, of which SFr3.3 million can be attributed purely to dog bites. In total, 5,400 accidents caused by dogs are declared to insurers a year, of which 60 per cent are bites. These cases concern employed people who received obligatory insurance, Suva said…

Swiss test rail limits with new super fleet

This content was published on May 15, 2010 The SFr1.9 billion ($1.7 billion) order for 59 double-deck tilting trains that reach top speeds of 200km/h is Swiss Federal Railways’ biggest-ever purchase, widely described within Switzerland as the “deal of the century”. Canadian–run Bombardier Transport won the tender process to build the fleet, ahead of bids by Germany’s Siemens and Stadler Rail, the one…

The World Cup, removing traces of apartheid

This content was published on May 15, 2010 With the football World Cup coming up, the government has invested massive sums to relieve road traffic congestion. Gauteng province covers just over 17,000 km2 in the north east of the country – less than two per cent of South Africa’s total land area. And yet, it is home to more than ten million people.…

Oil rig owner holds closed-door AGM

This content was published on May 14, 2010 Steven Newman ignored questions from reporters as he arrived and left the Park Hotel in Zug, a few kilometres from the company’s headquarters. The Transocean annual general meeting (AGM) came just days after Newman appeared before the United States Congress to explain his company’s involvement in the massive Gulf of Mexico oil spill. The Deepwater…

Gold and UBS bolster central bank books

This content was published on May 14, 2010 The Swiss National Bank (SNB) said on Friday that SFr921 million in profit had come in the wake of using funds to siphon off toxic assets from big bank UBS, which needed a bailout last year after taking huge losses in the subprime mortgage crisis. But large purchases of euros to suppress the value of…

Miserable weather casts cloud over holiday

This content was published on May 13, 2010 May this year has been exceptionally cold and wet, and even before the month is half way through, some places in southern Switzerland have already had more rain than the average for the entire month. In the space of 12 hours on Thursday 60 litres of rain per square metre fell in the area around…

Transocean, BP and Halliburton pass the buck

This content was published on May 12, 2010 Top representatives of three major players in the oil sector – the Swiss-based drilling contractor Transocean, BP and Halliburton – appeared before the Senate Committee on Energy and Natural Resources on Tuesday, and each cast blame on the other. The three companies are no strangers to behind-the-scenes lobbying in Washington, but it was a new…

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Novartis found guilty of discrimination in US

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Ash disrupts flights to some destinations

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Minimum wage initiative gathers pace

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Swiss suffer 9,500 dog bites a year

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Swiss test rail limits with new super fleet

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The World Cup, removing traces of apartheid

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Oil rig owner holds closed-door AGM

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Gold and UBS bolster central bank books

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Miserable weather casts cloud over holiday

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Transocean, BP and Halliburton pass the buck

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