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ABB looks to hire 20,000

This content was published on Apr 27, 2008 The firm’s financial director and interim CEO Michel Demaré told the NZZ am Sonntag newspaper that Switzerland would be among the beneficiaries of the job drive. Last year alone, the Zurich-based company created 480 new Swiss positions and employed 111,000 people in 100 countries. Demaré called on young Swiss to learn engineering skills as job…

Swissair creditors get some cash back

This content was published on Apr 26, 2008 Karl Wüthrich wrote in a circular released on Saturday that the sum was equivalent to 5.3 per cent of the funds owed. Further payments are expected in the coming months, although the total shall probably not exceed 14.3 per cent of the debts of SAirGroup, the airline’s parent company. Former employees have already received all…

Scientists address lung cancer treatment

This content was published on Apr 26, 2008 Lung cancer is recognised as the leading cause of cancer deaths, with some 1.3 million people diagnosed every year worldwide. In Switzerland, there are around 3,600 new cases and 3,000 deaths annually. Over the past decade, male lung cancer mortality rates have fallen, while those among women have steadily increased, due to a rise in…

Central bank head wants end to unjustified pay

This content was published on Apr 25, 2008 Jean-Pierre Roth said financial institutions had to correct what he termed the excesses in their pay, adding that it was “time for answers” to a long debate on the issue. He said the banks that had been buffeted by the current financial storm had to take a careful look at the ways they applied corporate…

EU labour deal “has been positive”

This content was published on Apr 25, 2008 The State Secretariat for Economic Affairs (Seco) said in a report that there had been no negative effects on salary levels and employment, as widely feared. These findings come ahead of a special parliamentary debate on the extension of the accord to the EU’s newest members – Romania and Bulgaria – on Monday. The report,…

“Trojan virus” tricks healthy cells

This content was published on Apr 25, 2008 The discovery by researchers at the Federal Institute of Technology in Zurich could also contribute to combating the use of such viruses by bioterrorists. The vaccinia virus tricks scavenging immune system cells into devouring it and can invade the body from there, according to Ari Helenius, who led the study published in the journal Science.…

Youth hostels see higher demand in 2007

This content was published on Apr 25, 2008 In its study of annual tourism results, the Federal Statistics Office also reported that the country’s 279 camping sites recorded 2.8 million nights. It said Swiss visitors accounted for more than half of the stays – 58 per cent in hostels and 52 per cent in camping sites. The Statistics Office noted that people spent…

Financial market adapts to challenges

This content was published on Apr 24, 2008 The Swiss Financial Center Watch (SFCW) says banking and insurance has scaled back while specialist firms have expanded. The financial sector is more important to the economy than in the United States or Britain, it added. Five years of research on the evolving nature of the Swiss financial market was presented in Zurich on Thursday.…

LVMH acquires another Swiss watchmaker

This content was published on Apr 24, 2008 LVMH said on Thursday that the Hublot brand would be “highly complementary” to its existing watch portfolio, which includes TAG Heuer, Zenith, Dior Montres and Louis Vuitton. Hublot, which has grown from a company with sales of SFr26 million ($25.37 million) in 2004 to a budgeted SFr250 million this year, is based in Nyon on…

ABB makes a billion in three months

This content was published on Apr 24, 2008 The figure was up 87 per cent compared with the same period last year and was far above market expectations. Average analyst forecasts were below $800 million. ABB said in a statement from its Zurich headquarters on Thursday that sales had gained 29 per cent to $7.96 billion. Group interim chief executive Michel Demaré said…

Internal: Archive

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Internal: Archive

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ABB looks to hire 20,000

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Swissair creditors get some cash back

More

Scientists address lung cancer treatment

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Central bank head wants end to unjustified pay

More

EU labour deal “has been positive”

More

“Trojan virus” tricks healthy cells

More

Youth hostels see higher demand in 2007

More

Financial market adapts to challenges

More

LVMH acquires another Swiss watchmaker

More

ABB makes a billion in three months

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