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Leica sold to Sweden

This content was published on Sep 23, 2005 At the close of trading on Friday, more than 70 per cent of Leica’s shares had been tendered to Hexagon’s public offer, the Swedish company announced. Hexagon said the definite number would be published on Monday. It offered shareholders SFr440 ($341) in cash plus five B shares of Hexagon, which increases the bid to SFr594…

Tax relief planned for married couples

This content was published on Sep 23, 2005 On Friday it proposed new legislation aimed at addressing the tax discrimination suffered by married couples compared with unmarried working couples. Under the draft law, single people would pay more tax. The government proposes that half the lower of the two incomes would be made tax deductible, with the ceiling at SFr55,000 ($43,000). The changes…

Swiss stay put as Hurricane Rita approaches

This content was published on Sep 23, 2005 The storm heading towards the United States Gulf Coast is expected to be at least as powerful as Katrina, the hurricane which devastated New Orleans less than a month ago. President Bush has declared a state of emergency in Texas and the neighbouring state of Louisiana. Forecasters predict Rita could hit the coast of Texas…

Venture capital for Swiss tech startups surges

This content was published on Sep 22, 2005 Improved opportunity to realize their investments is giving venture capitalists the motivation to increase financing of Swiss technology companies with proven products. The latest evidence of the resurgence of interest in Swiss technology is the SFr21 million ($17 million) participation by Index Ventures of Geneva in the equity of nine-year-old Oanda Corp. Co-founder Richard Olsen…

Free-paper battle looms

This content was published on Sep 22, 2005 But the newssheet could face competition in the shape of a French version of 20 Minuten, the best-read paper in the German-speaking area. Le Matin Bleu is the latest paper from the stable of Edipresse, the Lausanne-based publishing house which produces the leading dailies Le Matin, Tribune de Genève and 24 heures. Edipresse also has…

Car-free day targets commuters

This content was published on Sep 22, 2005 According to the Swiss Transport and Environment Association, the current high price of petrol is a good reason to consider using other forms of transport. From Geneva to St Gallen, drivers are being urged to leave their cars at home on Thursday as town centres close to traffic and open up to pedestrians and cyclists.…

Remembering the struggle for peace

This content was published on Sep 21, 2005 Organisers say the meeting aims to remind the public that hundreds of millions of people around the world have to contend with the ravages of war every day. In the final decades of the 19th century, a number of peace movements arose in Europe. They represented a wide political spectrum ranging from liberalism to socialism…

SWX removes Francioni as chairman

This content was published on Sep 21, 2005 The SWX said the decision was connected with Francioni’s nomination to the top position at its German counterpart, Deutsche Börse. Francioni was last week recommended to replace Werner Seifert, who resigned as chief executive of the German stock exchange in May. In a statement on Wednesday, the SWX group said it had “taken note” of…

Airline chairman prepares to bow out

This content was published on Sep 21, 2005 Although Swiss continues to make heavy losses, Bouw is upbeat about the carrier’s future following its recent takeover by German rival Lufthansa. Bouw was made chairman of Swiss when the airline was founded following the collapse of Swissair in 2001. He is due to step down on Thursday when the board of directors will be…

Swiss energy research given timely boost

This content was published on Sep 20, 2005 The hub which opens on Wednesday at the Federal Institute of Technology in Zurich is aimed at improving coordination, securing funds and liaising with governments and industry. The Federal Institute already runs a number of energy research projects, including electrical energy distribution, hydropower, energy efficiency, alternatives to traditional transportation and geothermal power sources. But the…

Internal: Archive

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Leica sold to Sweden

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Tax relief planned for married couples

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Swiss stay put as Hurricane Rita approaches

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Venture capital for Swiss tech startups surges

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Free-paper battle looms

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Car-free day targets commuters

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Remembering the struggle for peace

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SWX removes Francioni as chairman

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Airline chairman prepares to bow out

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Swiss energy research given timely boost

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