Internal: Archive

ABB moves back into the black

This content was published on Feb 17, 2005 The company, which is based in Zurich, reported on Thursday a net profit of $201million (SFr238 million), after making a loss of $779 million in 2003. But the ABB figures were weighed down by one-off charges of $60 million related to various businesses being discontinued. And the company, which has core businesses in power and…

Geneva Motor Show turns 100

This content was published on Feb 16, 2005 The show’s organisers are hoping car enthusiasts will not only come to see a series of world premieres, but also take a closer look at some important milestones in motoring history. This year, over 260 exhibitors will be taking part in the show, spreading out over 77,000 square metres inside Geneva’s Palexpo. Around 900 brands…

Game over for Servette

This content was published on Feb 16, 2005 The club’s last hope of keeping its head above water was dashed after a group of Syrian investors pulled out of a rescue deal. Servette, which was declared bankrupt on February 4, had never left the top flight in 115 years of competition. The club had initially appealed against the decision, hoping to field a…

Swiss stems losses but remains in red

This content was published on Feb 16, 2005 Swiss also reported an operating loss (before interest and tax) of SFr122 million in a statement ahead of the publication of full financial results next month. The airline said the figures took into account two one-off gains amounting to SFr163 million. The first, totalling SFr95 million, was paid by British Airways and was linked to…

Tax on greenhouse gases looms

This content was published on Feb 15, 2005 The government is considering different options to encourage or coerce citizens and the economy into cutting carbon-dioxide pollution. The Kyoto Protocol on greenhouse-gas emissions took effect on Wednesday. Switzerland is one of 141 nations – representing over 60 per cent of global emissions – that have ratified or acceded to the treaty. Blaming global warming…

Fewer people qualify for disability benefits

This content was published on Feb 15, 2005 But the Federal Social Insurance Office (FSIO) said on Tuesday that the share of the working population receiving a disability allowance had continued to increase. Figures for 2004 show that 5.4 per cent of the working population receives some kind of benefit, up from 5.2 per cent the previous year. Social insurance services answered 51,000…

Swiss closes call centres as cutbacks continue

This content was published on Feb 15, 2005 Unions described Swiss’s decision to transfer some work abroad and shut down its centres run by its subsidiary Mindpearl in Zurich, Geneva and Lugano as incomprehensible. The company said in a statement on Tuesday that it would create ten new jobs at a fourth centre in Basel. This choice was dictated by financial reasons, since…

Kyoto – how it works

This content was published on Feb 14, 2005 These measures give nations cost-effective ways of reducing emissions or removing carbon from the atmosphere through cooperation with other countries. Kyoto states that while the cost of limiting emissions varies considerably from region to region, the effect on the atmosphere is the same, irrespective of where the action is taken. Negotiators therefore sought to design…

“Corporate raiders” buy into troubled Unaxis

This content was published on Feb 14, 2005 Unaxis confirmed on Monday that the Austrian-based Victory investment group now holds nearly 12 per cent of voting rights – making it the second-largest shareholder. The Anda-Bührle family, which founded the once-famous Oerlikon-Bührle defence group that gave birth to Unaxis, still holds a 21.1 per cent stake through its IHAG investment vehicle. Mirko Kovats, one…

Young entrepreneurs belt up and cash in

This content was published on Feb 14, 2005 Bags and belts made by Primecut use recycled newspaper as part of their basic design. The young start-up, based in Wohlen in canton Aargau, has already won two prestigious competitions. Thanks partly to the publicity, the accessories are selling like hotcakes. The company is hoping to build on this success at the Muba trade fair…

Internal: Archive

Popular Stories

Most Discussed

Internal: Archive

More

ABB moves back into the black

More

Geneva Motor Show turns 100

More

Game over for Servette

More

Swiss stems losses but remains in red

More

Tax on greenhouse gases looms

More

Fewer people qualify for disability benefits

More

Swiss closes call centres as cutbacks continue

More

Kyoto – how it works

More

“Corporate raiders” buy into troubled Unaxis

More

Young entrepreneurs belt up and cash in

Popular Stories

Most Discussed