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Market baffled by Wuffli’s departure

This content was published on Jul 6, 2007 Wuffli was under pressure after losses in the US mortgage sector and the failure of hedge fund, Dillon Read Capital Management. But he was also rejected as chairman Marcel Ospel’s successor last week. Wuffli, 49, had been chief executive of Switzerland’s largest bank since 2003 when his predecessor Luqman Arnold left following a dispute over…

Jobless total falls to lowest in five years

This content was published on Jul 6, 2007 The jobless rate has now dropped to 2.5 per cent from 3.1 per cent at the start of the year, but some experts say the situation is not as rosy as the figures suggest. On Friday the Swiss economics ministry announced the “heartening” news that the number of people out of work fell to 99,781…

Subsidies to put wind in Swiss sails

This content was published on Jul 6, 2007 A price guarantee to cover costs, scheduled for 2008, is expected to encourage producers of wind energy to expand. It is an area in which Switzerland is lagging behind European Union nations. Reimbursement programmes have put wind energy on a fast track across Europe, with Germany and France even exporting their technology worldwide. But in…

What else is fueling the climate debate?

This content was published on Jul 6, 2007 Such fuels, touted as an ecologically friendly source of energy, may be more harmful for the environment than their fossil counterparts. The study into the environmental impacts of biofuels was commissioned by the Federal Environment Office, the Federal Energy Office and the Federal Agriculture Office. The research team tested the following alternative fuels: bioethanol, biomethanol,…

Nuclear or gas power needed to keep lights on

This content was published on Jul 6, 2007 In order to prevent the worst-case scenario from coming true, the government is faced with the tough choice of putting new nuclear power plants online or investing in carbon dioxide emitting gas-fired stations. Energy policy can be tricky. Experts agree that there is no environmentally-friendly, cheap and risk-free method to produce electricity on a large…

“Peak oil” becomes burning issue

This content was published on Jul 6, 2007 That is the conclusion of a Swiss scientific research project at Basel University on “peak oil” – the moment when the world’s maximum crude oil output is reached. “The question is not for how long we will have crude oil reserves, but for how long output can grow,” warned Daniele Ganser, a historian and peace…

Energy policy hots up

This content was published on Jul 6, 2007 The authorities have had to balance the concerns about climate change with providing the population with a secure and reasonably priced energy. The debate has been going on for decades. A commission was created in 1973 to come up with an energy concept for the country. The body issued a final report five years later,…

Is Switzerland on stand-by?

This content was published on Jul 6, 2007 A fairly simple solution to this growing problem is within easy reach – otherwise known as energy efficiency, says energy expert Michael Kaufmann. Kaufmann, head of the SwissEnergy programme within the Federal Energy Office is a key figure behind the search for new ways to cut energy consumption. And he has an ambitious target: to…

UBS changes top manager

This content was published on Jul 6, 2007 Wuffli, who will be succeeded by his deputy Marcel Rohner, leaves the bank immediately after a four-year term, a statement said on Friday. The sudden change followed calls from UBS critics to bolster results and possibly break up the company by getting out of investment banking and focusing entirely on wealth and investment management. UBS…

Winemakers mount barricades over oak chips

This content was published on Jul 5, 2007 They say the practice is alien to the country’s centuries-old winemaking tradition and threatens to undermine the quality of native wines. On January 1 this year the Swiss government followed the European Union in allowing the addition of wood chips to wine. The cost-saving practice has been popular in the United States, South America, Australia…

Internal: Archive

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Market baffled by Wuffli’s departure

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Jobless total falls to lowest in five years

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Subsidies to put wind in Swiss sails

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What else is fueling the climate debate?

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Nuclear or gas power needed to keep lights on

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“Peak oil” becomes burning issue

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Energy policy hots up

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Is Switzerland on stand-by?

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UBS changes top manager

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Winemakers mount barricades over oak chips

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