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Swiss Re assesses catastrophe losses for 2007

This content was published on Mar 11, 2008 The world’s largest reinsurer reported on Tuesday that more than 20,000 people died, and insurers were hit by claims worth $28 billion. Swiss Re said that Europe was “unusually hard-hit” by natural catastrophes. In January, the Kyrill storm caused insured losses of $6.1 billion across Germany, Britain, Belgium and the Netherlands. Summer floods in Britain…

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Banking commission plans action against Laxey

This content was published on Mar 11, 2008 The Federal Banking Commission in Bern said it was filing a criminal complaint with the Swiss finance ministry, claiming Laxey had not properly disclosed its holding. In a statement, the commission said that Laxey had placed Implenia shares with other parties, allowing it to retain voting control over the shares for several years. This is…

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Mail models

This content was published on Mar 11, 2008 More and more post offices are being closed in Switzerland, having fallen victim to cost-cutting measures. Photographer Jean-Luc Cramatte took snapshots of this national symbol of reliability between 2002 and 2007, visiting 150 offices in western Switzerland. (Pictures: © Jean-Luc Cramatte)

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Austria beats Switzerland in top destinations

This content was published on Mar 11, 2008 Zermatt came in second in a survey of 100 holiday destinations, ahead of Engelberg (fifth), Lucerne (11th) and St Moritz (14th). Austrian resort Kleinwalsertal topped the list. The results presented on Monday by the research organisation show that eight Austrian towns were among the top 15. The survey only considered destinations receiving at least 150,000…

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Swiss Life profits from Gottardo sale

This content was published on Mar 10, 2008 Swiss Life made SFr600 million ($585 million) in profit after tax from the SFr1.875 billion deal with Generali’s banking unit BSI, after it concluded the sale on March 7, the company announced on Monday. The deal consists of the purchase price of SFr1.775 billion and the bank’s dividend of SFr100 million for 2007. The final…

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Swiss space technology pursues European dream

This content was published on Mar 9, 2008 Swiss engineering will play an important role in this initial flight, which will see the ATV module, dubbed Jules Verne, deliver essential supplies and new scientific experiments to the station. The unmanned freighter left the Kourou spaceport in French Guiana at 0403 GMT, riding on top of an Ariane 5 rocket. Oerlikon Space, the country’s…

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Calmy-Rey says Swiss won’t capitulate to EU (DON’T USE)

This content was published on Mar 9, 2008 Her comments, in a Sunday newspaper, come as the debate continues in Europe over financial practices in countries which retain banking secrecy. Calmy-Rey told the SonntagsZeitung that she saw no need for action in response to a question about increased pressure from Germany and other countries over banking secrecy. A massive tax German tax evasion…

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Thousands demonstrate over job cuts

This content was published on Mar 8, 2008 The demonstration in the southern town of Bellinzona comes a day after it was announced that more than 400 posts would be shed nationwide to help lift the freight operation out of the red. Swiss Federal Railways Cargo, which is state owned, suffered a loss of SFr190 million ($185 million) last year. The protest was…

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Rail cargo workers protest over job cuts

This content was published on Mar 7, 2008 The state-owned company – which employs 4,600 nationwide – said that it would relocate another 200 jobs, mainly to the western town of Yverdon. Workers at one of the four affected sites immediately announced a strike. In total, the move will affect 13 per cent of the enterprise’s workforce. Employees at the group’s locomotive repair…

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Die Schweiz in 12 Bildern

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Swiss Re assesses catastrophe losses for 2007

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Banking commission plans action against Laxey

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Mail models

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Austria beats Switzerland in top destinations

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Swiss Life profits from Gottardo sale

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Swiss space technology pursues European dream

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Calmy-Rey says Swiss won’t capitulate to EU (DON’T USE)

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Thousands demonstrate over job cuts

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Rail cargo workers protest over job cuts

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