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Schweizerhalle still casts shadow 20 years on

This content was published on Nov 1, 2006 And although residents have placed their trust in the industry again, doubts remain. The environmental nightmare began after a fire broke out at a Sandoz company chemical warehouse at the Schweizerhalle industrial area outside of the city in the early hours of November 1, 1986. As the warehouse went up in flames, the surrounding area…

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Federal budget sees surplus this year

This content was published on Nov 1, 2006 It said a robust economy and budget cuts led to the positive result. The forecast for this year had foreseen a deficit of SFr697 million. In total the surplus will amount to SFr2.2 billion. Not taken into account is the SFr2.1 billion income generated by the sale of shares in the country’s main telecoms operator,…

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Swisscom launches internet TV

This content was published on Nov 1, 2006 The new service, Bluewin TV, enables Swisscom to go head-to-head with leading cable television operators in the country such as Cablecom. IPTV is a key tool for telecoms operators competing with the cable TV carriers’ combined package of phone, broadband and TV services. According to industry analysts, the global IPTV market is expected to grow…

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Red river

This content was published on Nov 1, 2006

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Climate warning resonates in Switzerland

This content was published on Oct 31, 2006 The report by former World Bank chief economist Nicholas Stern, published on Monday, warns that failure to act could cost the global economy trillions of dollars. Stern forecast that the world’s economy could shrink by up to 20 per cent unless one per cent of global output was spent on reducing emissions by 2050. The…

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Tourist industry buoyant ahead of winter

This content was published on Oct 31, 2006 The organisation said on Tuesday that it expects overnight stays to increase three per cent this coming season, following five per cent growth since the beginning of the year. The main factor behind this rosy picture is the positive economic situation in Switzerland and abroad, with people apparently willing to spend more money. “In the…

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Swiss Post cuts jobs amid restructuring

This content was published on Oct 31, 2006 The state-owned company said these changes should allow savings of around SFr50 million ($40 million) each year without affecting basic services. Swiss Post said that the reason for the changes was the annual deficit made by its network of post offices across the country, estimated at SFr400 million in 2005. Added to this was the…

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Pension regulation falls under spotlight

This content was published on Oct 31, 2006 The banking sector has questioned a perceived lack of control over the way pension fund managers conduct their business while experts fear a damaging amount of government red tape. The dispute has erupted after the suspicious movement of shares just before the merger of Swissfirst and Bellevue banks in September of last year. Several pension…

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Popular initiative targets “fat-cat” salaries

This content was published on Oct 30, 2006 Supporters of the initiative claim that government plans to revise company laws do not go far enough and are demanding an increase in shareholder rights. Thomas Minder, the boss of family-run cosmetics firm Trybol in canton Schaffhausen, launched the initiative against the “rip-off mentality” on his company website on Monday. With support from close friends…

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