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Credit Suisse says it’s making good progress

This content was published on Feb 15, 2006 Income for the year was cut by SFr421 million after the group announced on Monday it was changing the way it accounted for share-based compensation awards. Net profit for the fourth quarter rose by 15 per cent to SFr1.103 billion, just below analysts’ forecasts. The figures did not seem to impress investors, with the share…

Welfare state is too generous for most Swiss

This content was published on Feb 14, 2006 The second “Swiss Perspective” online survey was conducted between October and December last year and is intended to involve the populace more closely in the political process. The online survey contained 30 questions on the political development of the country. In all there were 16,800 responses from across Switzerland. Respondents could give their opinion in…

Arms sales plummet to five-year low

This content was published on Feb 14, 2006 The State Secretariat for Economic Affairs (Seco) said the sudden decrease was in line with regular fluctuations over the past years. Othmar Wyss of Seco said the latest figures could not be read as a new trend since they depended on the timing of a few major deals. Neighbouring Germany remained Switzerland’s best customer with…

UBS goes from strength to strength

This content was published on Feb 14, 2006 Switzerland’s largest bank said that total 2005 attributable profit was SFr14.029 billion, which included a net gain of SFr3.704 billion from the sale of three private banks and asset manager GAM to Bank Julius Bär. “As in 2004, we have achieved another record level of profit,” commented UBS chief executive Peter Wuffli. “Although markets clearly…

Spectacular Gotthard still steals the show

This content was published on Feb 14, 2006 It has everything a rail enthusiast could wish for: bridges galore, steep climbs and descents with spirals, and a 15-kilometre-long tunnel that has made a name for itself around the world. If there had been a cultural heritage prize when the Gotthard line opened for public traffic on June 1, 1882, it might well have…

Swissmetal sacks top staff amid strike

This content was published on Feb 13, 2006 The strikers continued to stay away from work on Monday while moves were underway by a government-appointed mediator to break the deadlock. Swissmetal said the 21 senior staff members had been sacked because they failed to turn up for work on Monday despite repeated calls by the company. Only four staff members reported for work,…

Swiss drawn to Cuba by biotech success

This content was published on Feb 13, 2006 Leading the delegation is the State Secretary for Education and Research, Charles Kleiber, the highest-ranking Swiss government representative to travel to Cuba on official business. “There are very few relations in the field of science and we think that it’s the moment now to strengthen our cooperation,” Kleiber, who was previously in Cuba in 2002,…

Schwyz votes to remain a fiscal paradise

This content was published on Feb 12, 2006 The canton, which has one of the lowest corporate and personal tax rates in the country, is the second to revise its tax laws this year, after Obwalden did so on January 1. The vote centred on proposals to lower tax on the net assets of individuals and on share dividend income, which is subject…

Thousands protest over foundry closure plans

This content was published on Feb 11, 2006 The strike, in its 18th day, was called in protest against plans to close the Reconvilier foundry, with the possible loss of 120 jobs. Saturday’s rally, the largest so far in support of Reconvilier, gathered together people from all over the Jura region, including the strikers, their families, union representatives and local politicians. According to…

Cybersquatters develop taste for .ch

This content was published on Feb 11, 2006 Since May 2004 the country’s “dispute resolution service”, operated by the Geneva-based World Intellectual Property Organization (WIPO), has dealt with 53 complaints. The Swiss figure represents 16 per cent of all country code domain name procedures handled by the WIPO’s arbitration and mediation centre since 1999. Cases have included battles by technology giant Hitachi over…

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Credit Suisse says it’s making good progress

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Welfare state is too generous for most Swiss

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Arms sales plummet to five-year low

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UBS goes from strength to strength

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Spectacular Gotthard still steals the show

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Swissmetal sacks top staff amid strike

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Swiss drawn to Cuba by biotech success

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Schwyz votes to remain a fiscal paradise

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Thousands protest over foundry closure plans

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Cybersquatters develop taste for .ch

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