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Novartis tackles malaria drug supply problems

This content was published on Nov 10, 2004 The reassurance came after the World Health Organization (WHO) warned that it would not be able to provide all countries with the quantities of Coartem that they require. Novartis, which provides Coartem to WHO at cost price, had earlier reported that its Chinese suppliers were unable to provide sufficient quantities of artemisinin – a key…

Swisscom wields the axe again

This content was published on Nov 10, 2004 The measure will particularly affect staff in the company’s fixed-line division in the cantons of Zurich and Bern. Company chief executive Jens Alder said he was “satisfied” with the January to September figures, which showed a 17.2 per cent fall in net profit and stagnating turnover. But the Communications Union condemned the job cuts, arguing…

Converium faces class action suit

This content was published on Nov 10, 2004 In the second class action suit filed against Converium this year, shareholders accused the company of not disclosing the extent of the crisis in its North American subsidiary. A statement released on Wednesday by New York law firm Murray, Frank and Sailer said that Converium – formed from Zurich Re – “gave erroneous information concerning…

Barry Callebaut issues sweet figures

This content was published on Nov 10, 2004 Barry Callebaut said that despite a difficult economic environment, it expected to grow twice as fast as the global chocolate market. The company said in a statement that its net profit for the year ended August 31 increased by 12 per cent to SFr115.6 million. Sales volume rose by 13.5 per cent to more than…

Frozen funds won’t cloud Deiss visit to Mexico

This content was published on Nov 10, 2004 Fox was speaking to swissinfo ahead of a visit by the Swiss president, Joseph Deiss, who he is due to meet on Thursday. Frozen Swiss bank accounts contain $105 million (SFr124.2 million) of Mexican money, allegedly stemming from drug dealing and laundered in Switzerland by Raul Salinas, brother of former president Carlos Salinas de Gortari.…

Greens slam plans for new nuclear plants

This content was published on Nov 9, 2004 They say renewable energy could produce as much power as is currently generated by three nuclear reactors. The groups, including WWF Switzerland, the Swiss Energy Foundation, the Greens and the Social Democratic Party, said up to 27.5 billion-kilowatt hours of electricity could be saved by 2020. They dismissed allegations by the energy industry that Switzerland…

Lessons drawn from hurricane Lothar

This content was published on Nov 9, 2004 That’s according to the Federal Environment Office, which says more has to be done to protect Switzerland’s forests and help them return to their natural state. Dubbed “the hurricane of the century”, Lothar struck on December 26, 1999, with winds gusting up to 180 kilometres per hour. The storm caused enormous damage, felling 13 million…

Zurich’s ISE acquired for up to $115 million

This content was published on Nov 9, 2004 ISE is a Zurich-based firm that develops software used to simulate and test semiconductor-manufacturing processes at the atomic level. California-based Synopsys said it would acquire its competitor for $95 million in cash when the deal closes, with an additional $20 million in cash under a three-year agreement, if ISE’s performance meets business objectives and it…

Deiss leads first-of-kind delegation to Mexico

This content was published on Nov 9, 2004 The trip comes at a time when Mexico is seeking to open its economy to foreign trade and investment. Donald Johnston, the secretary-general of the Organisation for Economic Cooperation and Development (OECD), said last week that Mexico’s economic opening represented a “beacon of hope” for developing countries. Deiss, who is also economics minister, is to…

Swiss unprepared for major earthquakes

This content was published on Nov 8, 2004 The Swiss Seismological Service warns that only a fraction of buildings in the country could survive a major tremor. The service released a new seismic hazard map on Monday, which increases the risk for Basel, the city destroyed by a major earthquake in the 14th century, and has placed the entire canton of Valais in…

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Novartis tackles malaria drug supply problems

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Swisscom wields the axe again

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Converium faces class action suit

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Barry Callebaut issues sweet figures

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Frozen funds won’t cloud Deiss visit to Mexico

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Greens slam plans for new nuclear plants

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Lessons drawn from hurricane Lothar

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Zurich’s ISE acquired for up to $115 million

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Deiss leads first-of-kind delegation to Mexico

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Swiss unprepared for major earthquakes

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