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Swiss scientist on a mission to clean up space

This content was published on Oct 1, 2007 Professor Thomas Schildknecht of Bern University’s Astronomical Institute is involved in monitoring the skies in a bid to resolve the growing space junk problem. There are thought to be more than 600,000 pieces of rubbish of one centimetre or bigger zipping around our planet at thousands of kilometres per hour. Space junk has become a…

UBS shakes up management after credit losses

This content was published on Oct 1, 2007 The world’s largest wealth manager swept out senior managers and announced it would cut 1,500 jobs in its investment bank as it became one of the biggest casualties so far of turmoil in global credit markets. The third-quarter losses of up to SFr800 million ($685 million) are mostly linked to the subprime mortgage crisis in…

Vekselberg-Sulzer saga draws “Moscow threat”

This content was published on Sep 30, 2007 The Swiss Federal Banking Commission is investigating whether the Russian oligarch together with Austrian investors broke market rules by acquiring a large stake in the engineering group. Vekselberg’s private equity group Renova teamed up with Austrian company Victory Holding to suddenly snap up 32 per cent of Sulzer’s shares in a surprise raid in April.…

African farmers offered drought insurance

This content was published on Sep 29, 2007 The microinsurance industry is expanding, with other firms offering cover for people on low incomes. Zurich Financial Services (ZFS) for example formed a partnership with a Swiss government agency earlier this year. The microcredit industry started in the late 1970s but has snowballed in recent years as companies have recognised both the benefits of ethical…

White coats reveal human face to public

This content was published on Sep 29, 2007 Lake Zurich was the venue for a series of public scientific events as Switzerland took part in the Europe-wide Researchers’ Night 2007, presenting the human face of white-coated scientists. Flying robots were only one of the exhibits that also included health technology, genetics, nanotechnology, cosmic physics, information technology and energy projects such as the Swiss…

Experts say Swiss economy is past its peak

This content was published on Sep 28, 2007 Experts forecast the current growth rate will shrink gradually by the end of the year as a result of weaker exports, but they don’t expect the turmoil on the financial markets to have a real impact on the Swiss economy. “I think most of the financial crisis is over and I see only limited risks…

US watchdog rejects Novartis painkiller

This content was published on Sep 27, 2007 The decision comes after the Australian authorities last month banned the drug, which is approved in more than 50 countries across the world. The company said it received a letter from the US Food and Drug Administration (FDA) – as expected – denying it approval for Prexige. “Novartis will continue discussions with the FDA and…

Lavaux

This content was published on Sep 26, 2007

Travel agencies resist online onslaught

This content was published on Sep 25, 2007 According to a study into the sector, Switzerland’s travel agencies have survived the presence of internet sales, but they are being forced by this increased competition to improve their quality of service. The latest survey of members of the Swiss Federation of Travel Agencies, published by bank Credit Suisse on Tuesday, showed that turnover grew…

Building workers fight to save labour accord

This content was published on Sep 22, 2007 Trade unions fear that when the building industry’s labour agreement expires on September 30, wages will go down and working conditions worsen. Construction workers from around the country flocked to Zurich on board chartered buses and special trains to take part in the demonstration. A union official addressing the crowd said they were “ready for…

Internal: Archive

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Internal: Archive

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Swiss scientist on a mission to clean up space

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UBS shakes up management after credit losses

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Vekselberg-Sulzer saga draws “Moscow threat”

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African farmers offered drought insurance

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White coats reveal human face to public

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Experts say Swiss economy is past its peak

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US watchdog rejects Novartis painkiller

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Lavaux

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Travel agencies resist online onslaught

More

Building workers fight to save labour accord

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