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Watchdog takes Swisscom case to Federal Court

This content was published on Mar 22, 2010 The commission (Comco) had ordered Swisscom Mobile to pay more than SFr333 million ($314 million) for what it considered abuse of the pricing of broadband services. It was the highest fine in the history of Swiss cartel legislation but was rejected earlier this month by the Federal Administrative Court after Swisscom lodged an appeal. Switzerland’s…

Swiss stock market regains strength

This content was published on Mar 22, 2010 While it is still far from its level of May 2007 when it registered 9,548 points, the Swiss Market Index has benefited from the country weathering the economic downturn better than most others. The SMI, which tracks the evolution of Switzerland’s most important stocks, had not been in the best of health, declining slowly along…

Credit Suisse cuts travel for Germany bankers

This content was published on Mar 21, 2010 The Zurich-based bank confirmed the move, according to articles published in two Swiss newspapers on Sunday. Prosecutors in the city of Dusseldorf last week said they had evaluated a stolen CD containing information on German nationals with accounts in Switzerland. They have initiated investigations into around 1,100 people. Among those implicated are the bank’s customers…

Dozen BA flights to Switzerland cancelled

This content was published on Mar 21, 2010 According to the websites of Swiss airports, eight flights to Geneva were cancelled, two to Zurich and two to Basel. Company management and Unite, the trade union representing cabin crew, over the weekend continued to challenge each other over the level of service still being provided by the company. British Airways says it is doing…

Competition chief plays key role in economy

This content was published on Mar 21, 2010 He’s had to oversee the introduction of direct sanctions against companies that illegally hindered competition through cartels, abuse of dominant position or merger. Four years ago, Stoffel began reforming Comco amid criticism too many of the body’s members had ties to the business community and that it lacked credibility. Around a year later Comco levied…

Swiss firms more innovative than ever

This content was published on Mar 20, 2010 Switzerland climbed one place to top the European Innovation Scoreboard issued by the European Union this week. And research by the KOF Swiss Economic Institute reveals that innovation really does translate into cash. The EU’s annual comparison of innovation in the continent showed Switzerland outperforming 32 other countries after displaying strong growth in ideas and…

Calmy-Rey holds talks with Israel’s Meridor

This content was published on Mar 20, 2010 The meeting, which was reported on Saturday, was held in Geneva. The Swiss foreign ministry refused to provide further details and did not say whether Israel’s plans to build 1,600 new settlement homes in occupied East Jerusalem came up. Switzerland had said immediately after the announcement it was “extremely concerned” with the plan, which increased…

LHC sets new energy record

This content was published on Mar 20, 2010 The LHC tripled the amount of energy previously achieved, shooting two beams of protons around its 27-kilometre subterranean loop at an energy of 3.5 trillion electron volts (TeV) each. Popular Mechanics magazine describes the kinetic energy held by a proton powered to one TeV as that “of a fast-moving ant”. The difference is that an…

Why spring can be miserable for some

This content was published on Mar 20, 2010 Saturday is National Allergy Day and experts have clubbed together to raise awareness of pollen allergies, which, left untreated, can sometimes cause asthma. The symptoms are familiar: running nose, itchy eyes, sneezing and wheezing. Having a pollen allergy – the most common allergy in Switzerland – can mean a miserable spring and summer. In addition,…

New US tax law could have “disastrous effects”

This content was published on Mar 19, 2010 The law, passed by the US Senate this week, is unworkable in its present form and could have “disastrous effects”, according to the Swiss-American Chamber of Commerce. US citizens living in Switzerland also criticised the law. The Foreign Account Tax Compliance Act (FATCA) is the latest attempt by the US to crack down on tax…

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Internal: Archive

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Watchdog takes Swisscom case to Federal Court

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Swiss stock market regains strength

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Credit Suisse cuts travel for Germany bankers

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Dozen BA flights to Switzerland cancelled

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Competition chief plays key role in economy

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Swiss firms more innovative than ever

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Calmy-Rey holds talks with Israel’s Meridor

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LHC sets new energy record

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Why spring can be miserable for some

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New US tax law could have “disastrous effects”

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