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Natural disasters cost insurers less last year

This content was published on Mar 16, 2010 The Zurich-based reinsurance company said that compared with previous years, insured losses were low due to a calm hurricane season in the United States. Swiss Re said that natural catastrophes cost insurers $22 billion, while man-made disasters added an additional $4 billion. Six events each caused insured losses of more than $1 billion. The costliest…

Ethical investing emerges from ruins

This content was published on Mar 16, 2010 Research shows that sustainable funds grew at a faster pace than traditional vehicles last year, leading to the conclusion that investors may be searching for safer prospects after having their fingers singed. The sustainable investment market places money into ethically-acceptable areas such as environmentally friendly products and in companies that demonstrate social responsibility. Firms that…

Swiss economy to outperform European average

This content was published on Mar 16, 2010 The federal government expects the Swiss economy to grow by 1.4 per cent, an improvement on the projected 0.7 per cent, the State Secretariat for Economic Affairs (Seco) announced on Tuesday. The findings are part of a quarterly forecast published by an expert group commissioned by the government. “Apart from strong GDP growth, exports continued…

Lindt sees profit fall more than a quarter

This content was published on Mar 16, 2010 The company said group sales fell 1.9 per cent to SFr2.525 billion in what it called “extremely difficult” market conditions for premium products. Organic growth, which measures income adjusted for currency fluctuations among other factors, stood at 2.3 per cent. Earnings before income and taxes fell 26.7 per cent to SFr264.8 million. The Kilchberg, Zurich-based…

Jobless to face higher hurdles

This content was published on Mar 15, 2010 Daily allowances would be reduced and waiting periods for eligibility extended, according to the amended law. Those under 25 years of age would also be required to accept any job offer, while those over 55 qualify for the maximum number of daily allowances only if they have paid contributions for a minimum of 22 months…

Economic crisis hits alpine freight hard

This content was published on Mar 15, 2010 There was a drop of 17.7 per cent in goods that went by rail and the number of trucks went down by 7.4 per cent compared with 2008. Switzerland’s transport policy aims to move alpine freight from road to rail, mainly for environmental reasons. But 2009 was not a good year – 61 per cent…

New and old management at UBS fuel costs

This content was published on Mar 15, 2010 The embattled bank, which has changed much of its management team over the past year, also allotted SFr41.3 million to outgoing members. Bailed out by public funds in 2008 in the aftermath of the subprime crisis in the United States and now under pressure in the US over American tax evaders, UBS made a loss…

Swiss abroad told to make their voices heard

This content was published on Mar 14, 2010 For the past few months Swiss citizens living in Britain have been encouraged to express their thoughts on the title of the forum, “What does Switzerland do for the Swiss abroad – could it do more?” The three most pressing topics discussed at the weekend by the Federation of Swiss Societies in Britain (FOSSUK) and…

Small is beautiful at Geneva motor show

This content was published on Mar 14, 2010 Almost all big carmakers, including premium brands, are betting their future on smaller models as they compete for a slice of the compact sector, which should account for more than half of the global market by 2016. There has been a roadblock at the Audi stand at this year’s 80th Geneva International Motor Show. The…

New antibiotic offers hope against “superbug”

This content was published on Mar 13, 2010 They hope that mechanism by which it works – which has never been seen before – could eventually be applied to other such bugs. Big pharmaceutical companies have already expressed an interest. The joint research team from Zurich University and Swiss biotech company Polyphor has described the new drug class as a rare and significant…

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Natural disasters cost insurers less last year

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Ethical investing emerges from ruins

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Swiss economy to outperform European average

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Lindt sees profit fall more than a quarter

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Jobless to face higher hurdles

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Economic crisis hits alpine freight hard

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New and old management at UBS fuel costs

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Swiss abroad told to make their voices heard

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Small is beautiful at Geneva motor show

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New antibiotic offers hope against “superbug”

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