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Controversial art exhibit to go on show again

This content was published on Sep 1, 2005 The decision by the Bern Fine Arts Museum comes just over a week after a group of experts concluded there were no legal or ethical grounds for banning it. The work forms part of the Mahjong temporary exhibition of 340 pieces of contemporary Chinese art, which has been on show at the museum since June…

Speedel orders a float with a twist

This content was published on Sep 1, 2005 The listing will see a new bio-pharmaceutical company specialized in treatments for heart and metabolic diseases joining the Zurich market. Speedel, which is specialized in heart and metabolic therapies, has a current pipeline that includes two drugs moving into human clinical trials this year (Phase III) and two in early phase I, as well as…

Swiss firm buys Miele kitchen division

This content was published on Sep 1, 2005 The value of the deal has not been revealed but analysts estimate that the price was around SFr30 million ($24 million). The acquisition makes the Swiss group one of the major European players in this sector. AFG will take over the production site at Warendorf in Germany and continue to employ the 300 people working…

Switzerland blacklists two airlines

This content was published on Sep 1, 2005 Flash Airlines from Egypt and the Armenian Air Van Airlines are the two companies named. The authorities said the list would be constantly updated. The Federal Civil Aviation Office (FCAO) banned the airlines on the grounds of systematic security deficiencies. A Lausanne-based consumers’ group welcomed the publication of the blacklist but said more needed to…

Flood-damage bill could reach SFr2 billion

This content was published on Aug 31, 2005 The Swiss Insurance Association said on Wednesday that it would honour private claims of at least SFr805 million before considering whether to raise premiums in the future. The cost of private insurance claims together with road, railway and other infrastructure repairs and lost business is set to at least double that of 1999 when the…

Lego lets go of Swiss production

This content was published on Aug 31, 2005 Lego said on Wednesday high costs were one of the main reasons for moving production to eastern Europe by the middle of next year. The planned move foresees the closure of the facility at Willisau, where 239 staff will lose their jobs. Production at the plant, which paints the Duplo toy series for pre-school children,…

Swiss home ownership increases steadily

This content was published on Aug 31, 2005 Buying a house has long been out of reach for many Swiss but low interest rates and reasonable prices are changing the status quo, analysts say. Although Switzerland lags far behind other European countries in home-ownership rates, the proportion of owner-occupiers is increasing steadily. Between 1990 and 2000, the percentage of owner-occupiers increased from 30.3…

Amgen moves international headquarters to Zug

This content was published on Aug 30, 2005 The firm, which until now has had its European headquarters in Lucerne, has yet to decide whether to open a major production facility near the capital Bern. “We have decided to build our international headquarters in Zug,” Rolf Hoffmann, Amgen’s head of international operations, told the Finanz und Wirtschaft business paper. The company will move…

Fuel surcharge to be introduced from October

This content was published on Aug 30, 2005 Under the Kyoto Protocol, which it signed in 2003, Switzerland has pledged to reduce CO2 emissions by 1.8 million tons a year between 2008 and 2012. The environment and energy minister, Moritz Leuenberger, and the foundation for a climate tax signed an agreement on Tuesday on introducing the surcharge. Leuenberger’s ministry said the tax would…

Federal Railways doubles loss in first half

This content was published on Aug 30, 2005 The poor result was blamed on problems in the freight division, which is to shed hundreds of jobs, inadequacies in the pension fund provision, and falling government subsidies. In a statement on Tuesday, the railways also attributed the increased loss to higher operating costs in the passenger sector and lower margins in goods transport. The…

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Controversial art exhibit to go on show again

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Speedel orders a float with a twist

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Swiss firm buys Miele kitchen division

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Switzerland blacklists two airlines

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Flood-damage bill could reach SFr2 billion

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Lego lets go of Swiss production

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Swiss home ownership increases steadily

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Amgen moves international headquarters to Zug

More

Fuel surcharge to be introduced from October

More

Federal Railways doubles loss in first half

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