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Nestlé sales show healthy growth

This content was published on Apr 22, 2010 The company said it was confident about prospects for the rest of 2010 as the economic recovery began to make itself felt. First-quarter revenues were higher than analysts’ expectations and included real internal growth of 4.8 per cent. Nestlé, which has a stable of brands that include Nescafé and Nespresso coffee, Gerber baby food and…

Bank profits frustrate out of pocket clients

This content was published on Apr 22, 2010 The plaintiffs claim they were poorly advised on being sold Lehman Brothers products before the United States bank collapsed. Credit Suisse pointed out that it made an SFr150 million ($140 million) settlement last year. Credit Suisse reported on Thursday net income of SFr2.1 billion for the first three months of 2010, on top of a…

Foreign trade shows recovery

This content was published on Apr 22, 2010 The balance of trade showed a SFr 5.7 billion ($5.34 billion) surplus. Exports made significant gains, despite the strong franc, with the watch and metallurgical industries each exporting about a third more, and the chemical industry up by a quarter. Demand for Swiss exports rose in all continents, with the greatest increase to countries of…

Orange and Sunrise are banned from hooking up

This content was published on Apr 22, 2010 The decision was described as a “sensational victory” for consumers by the secretary general of the consumer federation in western Switzerland, Mathieu Fleury. The Competition Commission argued that the company resulting from the deal would have had a dominant position in the mobile telephone market alongside rival Swisscom. In a statement, the commission said a…

Credit Suisse announces strong Q1 figures

This content was published on Apr 22, 2010 The Zurich-based bank said it had net new assets of SFr26 billion, which is double the amount compared with the previous three months. Its net profit represents a major increase on the SFr793 million made in the previous quarter. However, CS said in a statement that its Private Banking unit, which includes wealth management clients…

Historische Verkehrswege

This content was published on Apr 21, 2010 Zu diesem Zweck hat der Bundesrat eine Verordnung erlassen, die Anfang Juli 2010 in Kraft tritt. Kantone, Gemeinden und Private können so für den Erhalt dieser Verkehrswege künftig Subventionen anfordern. Wichtigster Teil der Verordnung ist das Inventar der historischen Verkehrswege. (Alle Bilder: ivs.admin.ch)

Swiss starts flying again

This content was published on Apr 21, 2010 The only destinations still in doubt are Warsaw and Stockholm. Long-haul flights were leaving normally. However, the company warned that delays were still possible, and passengers should consult the airline website for details. Earlier, spokesman Jean-Claude Donzel had said the situation remained a major challenge since the open and closed status of some of Europe’s…

Volcano clouds legal situation for passengers

This content was published on Apr 21, 2010 The ombudsman of the Swiss travel industry says travellers who went through package tour operators were in a better position than those who tried to save money by booking online. A five-day flight ban over Europe, almost 100,000 cancelled flights, millions of stranded passengers: the eruption of Iceland’s Eyjafjallajökull volcano on April 14 has affected…

Swiss cancels many European flights

This content was published on Apr 21, 2010 A spokesman for the airline said the airports at Lyon in France, as well as Paris’ Charles de Gaulle were not yet operational. Jean-Claude Donzel said the situation remained a major challenge for Swiss since the open and closed status of some of Europe’s airspace was changing regularly. Donzel said the first Swiss flight to…

Heavy trucks to pay more to use Swiss roads

This content was published on Apr 21, 2010 A 40-ton truck passing from Basel to Chiasso will now have to pay roughly SFr325 ($306) in fees, a ten per cent increase against 2007 rates. Last year the fees put SFr1.4 billion in public coffers. The increase will add roughly SFr70 million more. Moritz Leuenberger, the Swiss transport minister, welcomed the news but said…

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Internal: Archive

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Nestlé sales show healthy growth

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Bank profits frustrate out of pocket clients

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Foreign trade shows recovery

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Orange and Sunrise are banned from hooking up

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Credit Suisse announces strong Q1 figures

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Historische Verkehrswege

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Swiss starts flying again

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Volcano clouds legal situation for passengers

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Swiss cancels many European flights

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Heavy trucks to pay more to use Swiss roads

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