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Billions needed for flood-control measures

This content was published on Aug 12, 2007 Government experts warned this weekend that an effective system of protection would require investment of several billion francs. The government has budgeted SFr147 million ($123 million) a year for the next four years for flood-control measures. But that is SFr100 million a year too little, according to Hans Peter Willi, head of hazard prevention at…

Novartis painkiller banned after deaths

This content was published on Aug 12, 2007 Prexige was approved for use in Australia in July 2004 and is approved in more than 50 other countries. It is currently being rolled out in Europe – although not in Switzerland – and Novartis will file the drug for marketing approval in the United States later this year. Australia’s Therapeutic Goods Administration (TGA) said…

Supermarket sweeps up Rolling Stones

This content was published on Aug 11, 2007 Saturday’s sell-out gig in Lausanne by the British rock band is being billed as the biggest ever staged in French-speaking Switzerland and a major coup for the country’s leading retailer, Migros. The chain, which has a very un-rock ‘n’ roll ban on alcohol and tobacco sales due to its founder’s claim that they were a…

Swiss examine flood control measures

This content was published on Aug 10, 2007 The Federal Environment Office announced on Friday that, together with the cantons, it was keen to draw lessons from the recent storms and flooding – Switzerland’s worst for two years. Water levels rose and many lakes and rivers burst their banks on Thursday after two days of torrential rain across the country. Particularly hard hit…

Swiss bourse joins the pack as jitters prevail

This content was published on Aug 10, 2007 The Swiss Market Index (SMI) of leading Swiss blue chips, which recorded a loss of 1.77 per cent on Thursday, was down 2.72 per cent at the end of trading to 8565.52 points. The European Central Bank on Friday intervened for a second time within 24 hours to add liquidity to money markets, with the…

Swiss start to count costs of floods

This content was published on Aug 10, 2007 Insurers have estimated the costs as reaching up to SFr60 million ($50.11 million) and many crops have been ruined following the worst storms in Switzerland for two years. Water levels rose and many lakes and rivers burst their banks on Thursday after two days of torrential rain across the country. Particularly hard hit were northwestern…

Heavy rain brings chaos across Switzerland

This content was published on Aug 9, 2007 By Thursday evening the levels of most affected lakes and rivers appeared to have peaked, but the situation in many areas, particularly along the River Aare, remained critical. The storms, the worst since the severe floods of 2005, led to chaos on the roads, with many closed as a result of flooding or landslides. Rail…

“Happy hours” face government crackdown

This content was published on Aug 9, 2007 The move comes at a time of rising concerns about binge drinking in Switzerland, with health chiefs set to unveil a major alcohol awareness campaign in the autumn. Under Swiss legislation, the advertising and sale of spirits and fortified drinks at knockdown prices is strictly forbidden. But this has not stopped a growing number of…

Heavy rainfall causes precarious situation

This content was published on Aug 9, 2007 Thousands of policemen, firemen, civil defence workers and soldiers are in action to pump water out of flooded cellars and clear roads as the rain continues. The situation has led to chaos on the roads, with many closed as a result of flooding or landslides. Rail traffic was also hit. Sirens sounded the alarm in…

Sonova is confident despite takeover failure

This content was published on Aug 8, 2007 The court ruling in Düsseldorf on Wednesday upheld a decision by the German competition authorities that Sonova’s proposed acquisition of rival ReSound would create an unfair monopoly. After the ruling was announced, Sonova said it was calling off its takeover attempt. “Since the main appeal procedure in Germany can take months or even years, Sonova…

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Billions needed for flood-control measures

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Novartis painkiller banned after deaths

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Supermarket sweeps up Rolling Stones

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Swiss examine flood control measures

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Swiss bourse joins the pack as jitters prevail

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Swiss start to count costs of floods

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Heavy rain brings chaos across Switzerland

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“Happy hours” face government crackdown

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Heavy rainfall causes precarious situation

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Sonova is confident despite takeover failure

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