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Economic turmoil could have impact on Africa

This content was published on Jan 24, 2008 Ngozi Okonjo-Iweala, the former Nigerian foreign and finance minister, talks to swissinfo on the sidelines of the World Economic Forum’s annual meeting in Davos. swissinfo: With stockmarkets in turmoil and given the state of the American economy, are you worried about the impact on developing nations? Ngozi Okonjo-Iweala: Yes, I am worried. I sincerely hope…

The public eye is on Davos

This content was published on Jan 23, 2008 The message from non-governmental organisations Berne Declaration and Pro Natura (Friends of the Earth Switzerland) to the elite is clear – equitable globalisation requires more corporate responsibility. The two NGOs have made the southeastern Swiss resort a venue to air their concerns about what they consider irresponsible corporations, which receive anti-awards (Public Eye) for “particularly…

Tackling pain in premature babies

This content was published on Jan 23, 2008 An international pain management congress she has organised takes place in Bern on Thursday, with the aim of raising awareness among the medical profession of this long unrecognised problem. “Until the mid-1980s, science thought that premature babies could not feel pain,” Cignacco told swissinfo. “It was assumed that because the nerves were still not fully…

Lonza reports profit jump in 2007

This content was published on Jan 23, 2008 Earnings before interest and tax grew by 36 per cent to SFr408 million, exceeding analysts’ expectations, and Lonza reported a strong improvement in cash flow. This performance represents a significant strengthening of Lonza’s ability to generate further sustainable growth, a company statement said. The company said its revised growth strategies for the Bioscience, Nutrition Ingredients…

Biotech industry charms investors

This content was published on Jan 23, 2008 Executives from the biotech and pharmaceutical industries joined investors and researchers in Geneva on Tuesday for the start of the seventh annual BioData conference in Geneva. The regional two-day event, the largest of its kind in Switzerland, provides a unique opportunity for young, innovative start-ups from the Lake Geneva and Franco-Swiss Rhône Alps regions to…

Stock markets rally after interest rate raise

This content was published on Jan 22, 2008 The index of Swiss blue chips (SMI) lost 4.5 per cent in the first minutes of trading and fell below the psychologically important 7,000-mark on fears of a US recession, but ended the day up 2.76 per cent at 7,487.92. Among the biggest winners of the day were Switzerland’s largest bank UBS and chemicals maker…

Price competition “damaging retailers”

This content was published on Jan 22, 2008 Shops are undermining profits and failing to bring in new customers, the St Gallen University consumer survey concludes. It advises retailers to concentrate on more innovative products. Competition in the retail market has increased in the past few years, particularly in the food sector where German discounters have made inroads into the Swiss market. High…

Roche buys US diagnostics firm Ventana

This content was published on Jan 22, 2008 Roche and Ventana Medical Systems signed a definitive agreement under which Roche will increase the purchase price in its tender offer from $75 to $89.50 per share. Ventana’s board of directors, which had previously rejected Roche’s advances, will recommend that shareholders accept the offer, according to a joint statement from both companies on Tuesday. In…

Swiss market plunges amid investor pessimism

This content was published on Jan 21, 2008 Major Swiss shares closed 5.6 per cent down compared with Friday – in the biggest one-day slide in nearly six years. The index of Swiss blue-chips (SMI) fell by more than 400 points to 7,287 points at the close at the Zurich stock exchange. The SMI even hit the 7,263 mark during the day to…

Climate change “great threat to humanity”

This content was published on Jan 21, 2008 In response, the Geneva-based agency is launching an appeal worth SFr326 million ($292 million) for 2008 and 2009. Approximately 75 per cent of the budget will be dedicated to disaster preparedness and health care initiatives that are community-based. The Federation states global weather patterns are contributing to an increase in disasters, affecting water supplies, impacting…

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Economic turmoil could have impact on Africa

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The public eye is on Davos

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Tackling pain in premature babies

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Lonza reports profit jump in 2007

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Biotech industry charms investors

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Stock markets rally after interest rate raise

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Price competition “damaging retailers”

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Roche buys US diagnostics firm Ventana

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Swiss market plunges amid investor pessimism

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Climate change “great threat to humanity”

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