Internal: Archive

Return of Taiwanese frigate assets delayed

This content was published on Apr 10, 2008 Federal investigating magistrate Paul Perraudin has decided the assets worth over $520 million (SFr518 million) will remain in Switzerland until Taiwan submits a court confiscation order, the justice ministry announced on Thursday. But the judge pointed out that there were “significant indications” the funds were criminal proceeds. Taiwan requested the handover in August 2006 as…

Bank regulator hopes worst is behind UBS

This content was published on Apr 10, 2008 Eugen Haltiner told the NZZ am Sonntag newspaper that the dimension of the recent losses at the bank was “extraordinary”. “But these can be absorbed with a timely recapitalisation. The bank will be well capitalised again and has written down to a degree that we can hope for stabilisation,” he said. UBS announced last week…

Last major independent brewer to be sold

This content was published on Apr 10, 2008 Heineken would pay SFr278.5 million ($275.5 million) and take on SFr11.5 million in debt. Eichhof’s board has recommended shareholders approve the deal, which puts a 45 per cent premium on the division’s estimated value. If the deal is completed in the third quarter as planned, the Dutch brewer will consolidate its number two position on…

Swiss consumers “should not fear inflation”

This content was published on Apr 9, 2008 Inflation rates soared to a 15-year high of 2.6 per cent in March, but were much lower than in the Euro-zone and the United States. BAK Basel Economics is the latest economic research group to predict a downward correction. BAK forecast on Wednesday that falling oil prices would kick in during the second half of…

Rock and Risk

This content was published on Apr 9, 2008 Rock and Risk told the story of the many adventurers who have tackled the mountain, particularly its infamous north face.

Switzerland ranked third in global IT survey

This content was published on Apr 9, 2008 In the so-called Networked Readiness Index (NRI), Switzerland has moved from ninth to third place in three years. Denmark was ranked “the most networked economy” in 2008, followed by Sweden. The NRI measures the degree of preparation of a nation to participate in and benefit from information and communication technology (ICT) developments. The WEF report…

Anti-ageing market develops in grey zone

This content was published on Apr 8, 2008 In a report, it says that companies are already trying to cash in demand from people seeking to stave off the effects of time without considering the impact on their health. TA-Swiss launched its study after realising that current research could lead in a few years time to substances and technologies that could slow the…

Biotech firms boost sales but suffer losses

This content was published on Apr 8, 2008 The branch’s umbrella organisation, Swiss Biotech, said turnover for biotechnology firms rose by ten per cent to SFr7.11 billion ($7 billion). However, they made an overall loss of SFr143 million after pumping SFr1.7 billion into research and development. Losses the previous year totalled only SFr3 million, Swiss Biotech noted in its annual report published on…

“Progress made” in EU tax dispute

This content was published on Apr 8, 2008 Progress was made, according to Matthias Brinkmann, head of the EU delegation, who hoped this would also apply to other dossiers Switzerland wanted to negotiate with the EU. The delegations again discussed the question of whether the 1972 Free Trade Agreement between Switzerland and the EU was applicable to certain cantonal company taxation regulations. The…

Finnish money to start communications research

This content was published on Apr 8, 2008 The Finnish company said it would be collaborating with the Federal Institutes of Technology in Zurich and Lausanne to study pervasive communication – mobile technology based on a user’s individual preferences and physical environment. Nokia considers that the two universities will fit in well with its existing research and development programme. “We have chosen to…

Internal: Archive

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Internal: Archive

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Return of Taiwanese frigate assets delayed

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Bank regulator hopes worst is behind UBS

More

Last major independent brewer to be sold

More

Swiss consumers “should not fear inflation”

More

Rock and Risk

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Switzerland ranked third in global IT survey

More

Anti-ageing market develops in grey zone

More

Biotech firms boost sales but suffer losses

More

“Progress made” in EU tax dispute

More

Finnish money to start communications research

Popular Stories

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