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Investors back Zurich firm’s natural heart valves

This content was published on Oct 11, 2004 The company says around 3,000-3,500 children a year in the United States and Europe could benefit from its discovery once it gets to market. “For children with heart problems, this is a life-saving proposition,” said Jacques Essinger, acting chief executive, who joined the company along with the first round financing. Symetis’s discovery means an implanted…

Skyguide says cuts will not compromise safety

This content was published on Oct 11, 2004 The agency said this would mean job losses and the abandonment of some projects, but it insisted that safety would not be compromised. “That is an area which is not affected. On the contrary, we are investing in it. In the mid-term, we are even going to create jobs in the area of safety,” company…

Union says Alstom to slash 650 jobs

This content was published on Oct 7, 2004 The jobs are to go over the next 18 months at two of the company’s plants in the northern canton of Aargau. The company has made no public statement about the cuts. But the SMUV union, which represents workers in the machine and electrical industries, says employees were informed that the jobs would go by…

Swiss Re awaits hefty claims from stormy weather

This content was published on Oct 7, 2004 Swiss Re said on Thursday that the last major hurricane, Jeanne, which devastated Haiti, would probably result in claims of $150 million alone. In a statement from its Zurich headquarters, Swiss Re insisted it was still aiming to hit its operating target for the year as a whole. But analysts said the size of the…

House opens “last mile” to competition

This content was published on Oct 7, 2004 The country’s largest telecommunications operator protested the decision on Thursday, saying it would discourage investment in infrastructure. The House of Representatives accepted a compromise plan from the Right which will give Swisscom’s competitors direct access to the company’s copper-wire network into people’s homes. Customers today can choose their provider, but still have to pay a…

Telecom watchdog urges parliament to go last mile

This content was published on Oct 7, 2004 Fulvio Caccia, president of the Communications Commission (ComCom), told swissinfo that the revision was crucial if consumers were to benefit fully from market liberalisation. On Wednesday, the House of Representatives started discussing a revision to the 1997 Swiss telecommunications law, which laid the legal basis for liberalisation. It includes a provision that would allow rivals…

Deiss seeks to boost ties with Japan

This content was published on Oct 6, 2004 The trip, which includes a meeting with Prime Minister Junichiro Koizumi, also marks the 140th anniversary of the first trade treaty signed between the two countries. Japan is Switzerland’s most important trading partner in Asia. In 2003 exports from Switzerland to Japan totalled SFr5.14 billion ($4.06 billion), while imports from Japan were worth SFr2.64 billion.…

Swiss take key step to end insider dealing

This content was published on Oct 6, 2004 The Swiss Federal Banking Commission says the new regulations will bring Switzerland into line with other European countries. Under the new rules, listed companies will be obliged to disclose any major transactions involving their own shares on the part of management members. The stock exchange (SWX) announced on Tuesday that the guidelines had been approved…

Swissair saga shows risks of uncontrolled take-off

This content was published on Oct 6, 2004 But a recent study shows that the former national airline is not the only Swiss company paying the price of unrealistic expansion strategies. The study by consultants Bain & Company concludes that only one Swiss company in ten has succeeded in combining steady growth with consistent profitability over the past decade. The list of strategic…

Senate gives greater protection to animals

This content was published on Oct 5, 2004 The chamber on Wednesday unanimously agreed to a series of measures, including phasing out the castration of pigs without anaesthetic. The measures went beyond proposals put forward by the government to update the 25-year-old animal protection law. But senators threw out a people’s initiative seeking to ban all imports of animal products from countries whose…

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Investors back Zurich firm’s natural heart valves

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Skyguide says cuts will not compromise safety

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Union says Alstom to slash 650 jobs

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Swiss Re awaits hefty claims from stormy weather

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House opens “last mile” to competition

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Telecom watchdog urges parliament to go last mile

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Deiss seeks to boost ties with Japan

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Swiss take key step to end insider dealing

More

Swissair saga shows risks of uncontrolled take-off

More

Senate gives greater protection to animals

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