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Swiss see dark clouds at economics meeting

This content was published on Apr 15, 2007 But Economics Minister Doris Leuthard said discussions had been overshadowed by the scandal concerning World Bank chief Paul Wolfowitz and called for a quick solution to the matter. Leuthard and Finance Minister Hans-Rudolf Merz have been representing Switzerland at the three-day spring meetings of G7 finance heads, the International Monetary Fund (IMF) and the World…

Concern mounts over falling bee population

This content was published on Apr 14, 2007 The bee mortality rate in Swiss hives has been above average in recent years and it is still not known what is killing the insects, which are important for the ecosystem and the rural economy. In the United States, many beekeepers have reported that they opened their hives after the winter to find the colonies…

Study urges Switzerland to stay on its toes

This content was published on Apr 14, 2007 Entitled “Multinational Companies on the Move: How Switzerland will win the Battle”, it puts forward five key measures that the authors feel are crucial in the global race to attract and keep multinationals. Produced by the Swiss-American Chamber of Commerce and the Boston Consulting Group, the report notes that MNCs play no small part in…

Surfers switch on to free wireless connection

This content was published on Apr 13, 2007 Two separate projects to provide cost-free wireless connections went online this month, the first of their kind in Switzerland. However, they have drawn some criticism for adding to rising “electronic smog” levels. St Gallen, in northeast Switzerland, opened the way for free surfing on April 1 after a three-and-a-half month trial run. Users must pay…

Converium urges clear rejection of Scor bid

This content was published on Apr 13, 2007 Converium warned in no uncertain terms on Friday that the $2.5 billion (SFr3 billion) offer would entail “considerable risk” if accepted. In a statement, Converium said that Scor’s approach was “unprecedented in the reinsurance arena”. It entailed significant business and integration risks in terms of staff and customer retention which could mean a loss of…

Illiteracy costs economy SFr1 billion a year

This content was published on Apr 12, 2007 A major factor is that illiteracy doubles the likelihood of being unemployed, according to a study released on Thursday by the Federal Statistics Office. Women are affected by illiteracy slightly more than men, said Jürg Guggisberg, leader of the study, which was carried out on behalf of the Centre for Labour and Socio-Political Studies. In…

World of luxury descends on Basel

This content was published on Apr 12, 2007 With the luxury sector enjoying unprecedented success – increasingly in emerging markets – hopes are high that the trade fair will boost sales to new records. Finance Minister Hans-Rudolf Merz opened this year’s event on Thursday, describing the Swiss watch industry as the backbone of the economy. The show is known mainly for the glamour…

Nestlé makes its move for Gerber

This content was published on Apr 12, 2007 The widely expected move will give the company the number one spot in the world’s largest baby food market, the United States. It will also give Nestlé’s growing nutrition division – which includes infant formula, baby food, medical nutrition, weight management and performance nutrition – annual sales of about SFr10 billion. Nestlé had lacked a…

World honours sum total of mathematical genius

This content was published on Apr 11, 2007 Yet few non-mathematicians would know that his ideas underpin the Swiss Federal Railways’ famously efficient timetable, the success of the Swiss yacht Alinghi – winner of the America’s Cup – and sudoku. “Many items in our everyday life have Euler hidden in them somewhere,” said Professor Peter Buser of the Swiss Mathematical Society. His birth…

India seeks end to Gleevec patent case

This content was published on Apr 11, 2007 Anbumani Ramadoss added the Indian government could overrule existing patents with a system of licences that allows firms to produce vital drugs if deemed to be in the public interest. Novartis is testing India’s new patent protection regime that was established two years ago. This differs from international standards by only protecting completely new compounds…

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Swiss see dark clouds at economics meeting

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Concern mounts over falling bee population

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Study urges Switzerland to stay on its toes

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Surfers switch on to free wireless connection

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Converium urges clear rejection of Scor bid

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Illiteracy costs economy SFr1 billion a year

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World of luxury descends on Basel

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Nestlé makes its move for Gerber

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World honours sum total of mathematical genius

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India seeks end to Gleevec patent case

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