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UBS-US deal provisionally back on track

This content was published on Mar 31, 2010 The provisional application of the revised UBS protocol permits Switzerland to provide legal assistance in cases not only of tax fraud, but also of continued and serious tax evasion, the Federal Justice Office said on Wednesday. In January, a ruling by the Swiss Federal Administrative Court threatened to torpedo the US-Swiss agreement reached last August.…

Milk producer Emmi posts big profit increase

This content was published on Mar 31, 2010 Revenues fell last year to just over SFr 2.6 billion, the company said. Earnings before income and taxes were SFr109 million. Emmi said net sales fell 4.9 per cent at home but increased 7.9 per cent in international markets. Lucerne-based Emmi, which employs around 3,300 people in Europe and North America, said in a statement…

Cern takes step to unlocking secrets of universe

This content was published on Mar 30, 2010 Researchers from the European Organization for Nuclear Research (Cern) say the world’s biggest atom smasher may generate its first scientific breakthroughs later this year when they hope it can unlock secrets of modern physics such as dark matter. Tension was palpable early on Tuesday morning in the main Cern control room as two technical problems…

Swiss Life posts mixed results

This content was published on Mar 30, 2010 This is down around 20 per cent on 2008 when the results were boosted by disposal gains. The net profit announced on Tuesday was below analysts’ expectations, as the Zurich-based company struggled under the weight of restructuring costs at German advisory unit AWD. Swiss Life said profit from its continuing operations was SFr324 million in…

Study warns of green light bulb electrosmog

This content was published on Mar 30, 2010 A study has measured the electric fields emitted from these lamps and concluded that a certain distance is needed to keep well under international limits. Low- and medium-frequency magnetic and electric fields can induce electric currents in the body which, above a certain frequency, can stimulate the nerves and muscles. The Swiss study, undertaken for…

First of many “little Big Bangs” pop at Cern

This content was published on Mar 30, 2010 Though it will probably be months before computers at the European Organization for Nuclear Research (Cern) can make sense of what exactly happened, researchers hailed the experiment as a real Star Trek moment. “We are going into new territory where no man has gone before,” Jean-Pierre Revol, head of heavy ion collisions, told swissinfo.ch. “Today…

Migros posts record results

This content was published on Mar 30, 2010 “Despite the economic crisis and depressed consumer mood, Migros has developed in a good way in the business year 2009 and strengthened its leading position in the Swiss market,” Migros said in a statement. The operating result jumped by 3.6 per cent on 2008, which the company attributed to a massive increase in productivity. But…

Fastweb founder resigns from board

This content was published on Mar 30, 2010 Silvio Scaglia, who served as a non-executive director, has left his post with immediate effect, a Fastweb statement said on Monday evening. Fastweb is involved in a probe into tax fraud and money laundering with alleged mafia links. The investigation into former and present Fastweb employees has already caused reputational damage to the firm, which…

Speaking scanners offer practical help to blind

This content was published on Mar 30, 2010 For blind people a device that reads food labels is a practical aid in the kitchen, but the database of products it can identify is still quite limited. “So far the scanner can just read the barcodes of the [biggest] retailer Migros,” says Martin Mischler, IT consultant with the Swiss Association for the Blind. “But…

Credit Suisse approved for India branch

This content was published on Mar 29, 2010 The proposed Mumbai branch will be able to accept deposits and help provide financing to clients, complementing the capabilities of Credit Suisse’s non-bank financial company in India, the bank said. Credit Suisse applied for the licence in 2008. The Zurich-based bank will be able to trade domestic fixed-income products and foreign exchange, and will be…

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UBS-US deal provisionally back on track

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Milk producer Emmi posts big profit increase

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Cern takes step to unlocking secrets of universe

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Swiss Life posts mixed results

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Study warns of green light bulb electrosmog

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First of many “little Big Bangs” pop at Cern

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Migros posts record results

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Fastweb founder resigns from board

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Speaking scanners offer practical help to blind

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Credit Suisse approved for India branch

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