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Businesswomen push forward despite hurdles

This content was published on Apr 2, 2008 As participants at a recent entrepreneurship seminar in Zurich discovered, women are setting up a diverse range of firms. Obstacles to be overcome include work-life issues and encouraging investors. According to research by St Gallen University, the rate of women starting a business in Switzerland is 4.9 per cent compared with 7.6 per cent for…

A top banker falls

This content was published on Apr 1, 2008 Marcel Ospel had been described as the bank’s biggest liability after the huge losses it incurred over the US subprime crisis. It has written down SFr40 billion (just over $40.2 billion), and further losses are possible. Ospel is being seen as largely responsible for the debacle. And the qualities which enabled him to make UBS…

UBS “will never be the same again”

This content was published on Apr 1, 2008 Investors seemed to hold the same opinion as the bank’s share price rallied despite news of a further $19 billion (SFr19 billion) writedown and the announced departure of chairman Marcel Ospel on Tuesday. But UBS’s dream of building one of the top performing investment banks now lies in tatters and it faces the further challenge…

Cameras locate ten new planets

This content was published on Apr 1, 2008 Geneva University’s Euler telescope in Chile was used to back up initial sightings by the British-run SuperWASP observation system, astronomers announced on Tuesday. “The significance is that it is a lot of planets in a very short amount of time,” Amaury Triaud, from the university’s Geneva Observatory team, told swissinfo. In the past six months…

new banking commission

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Mario Botta hotel project turned down

This content was published on Apr 1, 2008 There was a 72 per cent “no” vote on Monday evening to plans to build a 77-metre high tower in the shape of a crystal. The voting was 296 to 88. Botta’s plans featured 300 hotel rooms on the tower’s 17 storeys and up to 25 apartments in four-storey blocks next to it. The proposal…

Ospel goes as UBS woes continue

This content was published on Apr 1, 2008 UBS – the European bank hardest hit by the United States subprime mortgage crisis – also said it had written down an additional $19 billion on US real estate and related credit positions. The bank said in a statement on Tuesday that its embattled chairman, Marcel Ospel, would not seek re-election at the annual shareholders’…

Credit Suisse helps ICRC in humanitarian role

This content was published on Mar 31, 2008 Monday’s signing builds upon a 2005 initial agreement that includes seven other Swiss organisations. The partners are ABB, Roche, Swiss Re, Zurich Financial Services, the Hans Wilsdorf Foundation, the Vontobel Group and the private bank Lombard Odier Darier Hentsch & Cie. Each has committed to donate at least SFr3 million ($3.01 million) over six years.…

Rail travellers on track to surf the net

This content was published on Mar 31, 2008 Swisscom, the country’s largest communication services provider, said on Monday that it had equipped 75 coaches in Intercity trains with wireless base stations. The high-speed Intercity trains travel between the country’s main cities, including Geneva, Zurich and Bern, the capital. Existing Swisscom mobile and broadband customers will be able to access the service for SFr4…

Elementary fears prompt Hawaiian lawsuit

This content was published on Mar 31, 2008 Walter L. Wagner and Luis Sancho say the organisation’s new particle accelerator, the Large Hadron Collider (LHC), threatens the existence of the planet. They have filed a lawsuit literally half a world away – in Hawaii. Wagner and Sancho believe that the mammoth 27-kilometre particle accelerator could create a microscopic black hole capable of swallowing…

Internal: Archive

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Internal: Archive

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Businesswomen push forward despite hurdles

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A top banker falls

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UBS “will never be the same again”

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Cameras locate ten new planets

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new banking commission

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Mario Botta hotel project turned down

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Ospel goes as UBS woes continue

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Credit Suisse helps ICRC in humanitarian role

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Rail travellers on track to surf the net

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Elementary fears prompt Hawaiian lawsuit

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