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Unexpected loss forces Serono shares down

This content was published on Oct 17, 2005 Serono, which is based in Geneva, booked an unexpected $725 million (SFr855.9 million) provision relating to an investigation about marketing practices of its Serostim Aids drug. The news sent the share price down by seven per cent at the opening of the stock market. By the close of trade, it had recovered slightly to SFr794.50,…

Economic growth stays modest

This content was published on Oct 17, 2005 The Basel Economics (BAK) analysis centre said that economic growth this year – 1.2 per cent – lagged well behind the 4.5 per cent the world economy is expected to grow. The centre, though, predicted that 2006 would be rosier for Swiss business as gross domestic product would increase by 1.5 per cent. The unemployment…

Switzerland doubles aid to Pakistan

This content was published on Oct 17, 2005 However, distributing the materials as quickly as possible before winter sets in remains the largest obstacle to relief efforts, says the Swiss Agency for Development and Cooperation (SDC). Toni Frisch, head of the SDC’s humanitarian-aid section, said getting help to victims was proving to be a logistical nightmare. Some villages could only be reached by…

Campaign ahead of GM vote heats up

This content was published on Oct 17, 2005 But the environmental group Greenpeace Switzerland said that traditional farming methods and genetically modified organisms (GMOs) cannot co-exist in agriculture. The Swiss electorate is being asked on November 27 whether to accept a five-year moratorium on GMOs. The cross-party committee of more than 100 parliamentarians said on Monday that the initiative was effectively a ban…

Kühne & Nagel buys French rival

This content was published on Oct 17, 2005 The deal means the Swiss firm becomes one of the top five global providers in contract logistics. Kühne & Nagel said it was also assuming a net debt of €50 million and would finance the transaction with a combination of existing cash and the placements of 7.1 per cent of its share capital to institutional…

Sustainable farming can feed the world

This content was published on Oct 16, 2005 Herren, who won the World Food Prize in 1995 for helping to save cassava crops throughout much of sub-Saharan Africa, says rich countries need to support education and to do more research. The theme of this year’s World Food Day, promoted by the United Nations Food and Agriculture Organization (FAO), is “Agriculture and intercultural dialogue”.…

People’s Party toes government line

This content was published on Oct 15, 2005 Party delegates meeting in Näfels, canton Glarus, voted clearly in favour of supporting the government’s position for the November 27 ballot. Citizens are to vote on whether trading hours should be extended in major railway stations and airports and if farmers should wait another five years before attempting to introduce GMOs. The assembly turned down…

Zug denies tax system violates agreement

This content was published on Oct 14, 2005 Cantonal officials told swissinfo they were surprised at the European Commission’s External Relations Directorate-General making the allegation in a letter to the Swiss authorities. The letter, dispatched to the Swiss Mission in Brussels on September 26 but only made public last week, congratulates Switzerland for voting the previous day to extend the free labour accord…

Swiss aid in Pakistan faces problems

This content was published on Oct 13, 2005 Toni Frisch said last Saturday’s quake had been devastating for the remote Himalayan region. Frisch, who leads the humanitarian-aid section at the Swiss Agency for Development and Cooperation (SDC), said many villages in remote mountain valleys were still cut off, because roads and bridges had been destroyed by the quake. Speaking in Mansehra after a…

Deiss says WTO farm talks progressing

This content was published on Oct 12, 2005 Commenting after the talks broke off on Wednesday, the United States trade representative Robert Portman said he was disappointed that Washington’s offer to cut farm subsidies had not been matched by the European Union. But Deiss said all sides now knew where they stood and there was still hope of reaching agreement by the end…

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Internal: Archive

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Unexpected loss forces Serono shares down

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Economic growth stays modest

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Switzerland doubles aid to Pakistan

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Campaign ahead of GM vote heats up

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Kühne & Nagel buys French rival

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Sustainable farming can feed the world

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People’s Party toes government line

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Zug denies tax system violates agreement

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Swiss aid in Pakistan faces problems

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Deiss says WTO farm talks progressing

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