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ICRC triples its budget for Niger and Mali

This content was published on Apr 6, 2010 They are among millions hit by weather conditions and economic hardship. The ICRC is asking donors for an additional SFr23 million ($21.5 million) to bring its aid for the two African countries to SFr36 million for the next eight months. In Niger, the government believes that more than half the population is suffering from moderate…

US sex bias suit against Novartis set to begin

This content was published on Apr 6, 2010 The women, who have worked for the Swiss drug giant across the United States, claim that the company discriminated against them in the areas of pay, promotions, and pregnancy-related matters. The 17 plaintiffs – both current and former employees of Novartis – are representing 5,600 of their colleagues and seeking total damages of $200 million…

Oil prices fuel annual inflation

This content was published on Apr 6, 2010 Figures released on Tuesday for March show an inflation rate of 1.4 per cent, the highest since November 2008. In February 2010, it stood at 0.9 per cent. The Statistics Office reported that prices for domestic goods rose 0.8 per cent on the year, while prices for imported goods went up 2.9 per cent. It…

Banker payout under the spotlight

This content was published on Apr 4, 2010 “Those who made CS so successful can now reap the benefits,” said Oswald Grübel, former chief executive of CS and currently head of the rival UBS bank. Grübel said the bank had introduced the bonus system in 2005 to commit its top managers with a long-term programme of incentives. “This is exactly what the public…

Swiss help provide a job for the World Cup

This content was published on Apr 3, 2010 Officially, more than 51 per cent of young South Africans are unemployed. But the rate is in fact much higher among black people. “This job has restored my confidence. I had lost all my self-esteem. I used to just let the days go by, trying not to think of tomorrow,” says Lucky Letsobe, aged 24.…

Swisscom CEO takes helm of Fastweb

This content was published on Apr 3, 2010 The internet provider is under investigation for alleged tax fraud and money laundering. Fastweb CEO Stefano Parisi and three other managers have been suspended. Schloter said he would work out of Milan part time “for a few months”. In an interview with Bern-based Der Bund newspaper published on Friday, Schloter stressed there was no evidence…

Advocates want turnaround in autism treatment

This content was published on Apr 1, 2010 Autism organisations in Switzerland say they face a lopsided battle against the tendency to classify the condition as a psychiatric disease; something prevalent in western Switzerland and France. They point the finger at psychoanalytic theories of thinkers like Austrian-born child psychologist Bruno Bettelheim and of Sigmund Freud, who for a long time claimed mothers were…

Government pledges Haiti reconstruction money

This content was published on Apr 1, 2010 The Caribbean country was hit by a devastating earthquake in January. The Swiss government will contribute SFr35.6 million through 2012 on top of the SFr55 million collected by charities from private donations, according to a statement by the foreign ministry on Wednesday. Martin Dahinden, director of the Swiss Agency for Development and Cooperation (SDC), said…

Oerlikon continues to bleed, gets rescue deal

This content was published on Apr 1, 2010 The debt-laden technology group on Thursday announced it had slipped deeper into the red, losing SFr592 million last year, SFr170 million more than in 2008. Oerlikon will slash net debt by around 77 per cent under the plan, which came after months of negotiations between shareholders and bankers. It said it hoped to return to…

CS reignites bonus debate

This content was published on Mar 31, 2010 CEO Brady Dougan led the way among the 400 executives and managers by receiving shares worth around SFr71 million under a five-year bonus plan. Credit Suisse unveiled new compensation rules last year allowing the company to hold bonuses for three to four years and potentially take back pay if investments failed to perform over a…

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Internal: Archive

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ICRC triples its budget for Niger and Mali

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US sex bias suit against Novartis set to begin

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Oil prices fuel annual inflation

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Banker payout under the spotlight

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Swiss help provide a job for the World Cup

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Swisscom CEO takes helm of Fastweb

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Advocates want turnaround in autism treatment

More

Government pledges Haiti reconstruction money

More

Oerlikon continues to bleed, gets rescue deal

More

CS reignites bonus debate

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