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Credit Suisse warns growth will slow in 2005

This content was published on Oct 5, 2004 Switzerland’s number two bank on Tuesday forecast that economic growth would be 1.8 per cent this year, declining to 1.6 per cent in 2005. The figures are exactly the reverse of those given out last week by the KOF Institute for Business Cycle Research in Zurich. KOF predicted 1.6 per cent growth for this year…

Swiss money funds US presidential elections

This content was published on Oct 5, 2004 For Swiss firms, financial considerations play a major part in the decision to support George Bush or John Kerry. The final stage of the race for the White House is underway, and will end with the election on November 2. A lively interest in the outcome is evident in Switzerland, not only on the part…

Weleda products find favour with the stars

This content was published on Oct 5, 2004 Recently, Hollywood has taken notice, with stars such as Will Smith, Oprah Winfrey and Meg Ryan converting to Weleda skin, hair and medicinal products. But company spokesman Michael Leuenberger says the products have been around too long to be considered flavour of the month. “Our products are for everyone. Our customers are basically sensitive to…

Zurich startup aims to unwire factory networks

This content was published on Oct 4, 2004 e-Vision AG is its name. In 1999, a team of designers that developed some of the world’s first digital cellular (GSM) chipsets took the risky move to leave their jobs at a Philips R&D lab in Zurich to start their own firm. Unlike its next door neighbour in bustling Zurich-North, Bridgeco AG, which has raised…

Debt cancellation proves a step too far

This content was published on Oct 2, 2004 Swiss ministers attending the annual meetings of the IMF and World Bank in Washington said forgiving debt would not solve the real problems. Switzerland has been a member of the IMF and the World Bank since 1992, representing seven poorer countries and holding a seat on the 24-member board. Government ministers and central bank governors…

Lausanne builds Switzerland’s first metro

This content was published on Oct 1, 2004 The ambitious, technologically innovative project is expected to improve mobility for Lausanne’s 250,000 inhabitants. The M2 project will replace an existing funicular railway connecting the city centre with the banks of Lake Geneva. The new system will have the capacity to transport 70,000 people a day, or 25 million a year. The journey time between…

Swiss seek long-term solution to poor world debt

This content was published on Oct 1, 2004 But the government says American proposals to completely cancel debts would not solve the problems faced by these countries. The Swiss are backing a British plan to cancel poor countries’ debt, but insist that any arrangement must be agreed within the framework of the Bretton Woods institutions, which include the International Monetary Fund and the…

Swiss Life boss upbeat about insurers’ prospects

This content was published on Oct 1, 2004 Swiss Life said on Friday that it had sold the majority of its private equity portfolio, worth SFr400 million ($321 million), to Britain-based Pantheon Ventures. The announcement comes one day after Swiss Life CEO Rolf Dörig outlined the challenges facing the life insurance sector in a speech in Zurich. Dörig said European life insurance companies…

Government looks to stem Alpine exodus

This content was published on Sep 30, 2004 In a bid to reverse the trend, the government has drawn up a new regional strategy, with the onus on job creation. The aim of the government’s regional policy is to narrow the economic gap among regions, especially between the cities, which tend to drive the economy, and mountain areas threatened by depopulation. Until now,…

Swiss scientists to study Genesis space data

This content was published on Sep 30, 2004 Important material survived the space capsule’s crash-landing in the United States earlier this month. Swiss scientists will be among those analysing solar wind particles – gathered during the three-year Genesis mission – which could shed light on how the Sun was created billions of years ago. When the Genesis capsule crashed in the Utah desert,…

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Credit Suisse warns growth will slow in 2005

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Swiss money funds US presidential elections

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Weleda products find favour with the stars

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Zurich startup aims to unwire factory networks

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Debt cancellation proves a step too far

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Lausanne builds Switzerland’s first metro

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Swiss seek long-term solution to poor world debt

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Swiss Life boss upbeat about insurers’ prospects

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Government looks to stem Alpine exodus

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Swiss scientists to study Genesis space data

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