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Parliament debates what to do with excess gold

This content was published on Jun 8, 2004 Previous plans, including a proposal to spend the proceeds on humanitarian projects, were rejected by Swiss voters. If the government gets its way, the money from the sale of 1,300 tons of excess gold will be kept in a special fund and lead to annual interest payments of SFr450 million ($364 million). The latest proposals…

Venus beats a path across the Sun’s face

This content was published on Jun 7, 2004 On Tuesday the planet Venus inched its way across the Sun for the first time since 1882. The planet – which appeared as a tiny black dot – moved across the lower half of the Sun. It will cross the upper half eight years from now in 2012. The event will then not happen again…

Novartis unit to buy generic drug maker

This content was published on Jun 7, 2004 The Vienna-based company said the purchase would help boost its position in the North American market for off-patent drugs. Sandoz said brand-name medicines with sales of up to $14 billion in the United States are set to lose patent protection between 2003 and 2010. Sabex, which is based in Quebec, is Canada’s sixth-largest maker of…

Adecco revamps board as profits fall

This content was published on Jun 4, 2004 Adecco on Friday also announced a board revamp, in an attempt to bolster its credibility after months of negative publicity. ABB chairman Jürgen Dormann, former French finance minister Francis Mer and Coca Cola executive Peter Ueberroth are among the proposed new Adecco board members. The current chairman, John Bowmer, will step down. “I think Bowmer…

The fans

This content was published on Jun 3, 2004 Thousands of fans travel to football stadiums around the world to watch their heroes play. And while the flags, the scarves and shirts may change colour, the tears of joy or sadness are no different from one nation to another. England-Switzerland, Wembley stadium, June 8, 1996 (Keystone) Turkey-Brazil, on the big screen in Dortmund, June…

The vicious circle of drug dependency

This content was published on Jun 3, 2004 Hans – not his real name – is 37, has been a drug addict for ten years and is on Zurich’s heroin prescription programme. He also gets Valium and Ritalin which, he says, helps him with attention deficiency, although the drug is also being tried as a treatment for cocaine addicts. But despite all the…

Swiss pulls out of Oneworld talks

This content was published on Jun 3, 2004 Swiss chairman Pieter Bouw said the company had been unable to agree with British Airways (BA) on how to integrate their frequent flyer programmes. Swiss announced last September that it had “accepted an invitation” to join Oneworld subject to negotiations with BA. But after months of talks the airline admitted on Thursday it had failed…

E-government site proves too ambitious

This content was published on Jun 2, 2004 Although the cantons are supporting the initiative, they are calling for the site to be made into a conventional information portal without interactive elements. The website, www.ch.ch, offer access to administrative services at a federal, cantonal and local level. It is available in Switzerland’s four national languages and English. The federal authorities have made it…

Portuguese immigrants celebrate Euro 2004

This content was published on Jun 1, 2004 The 160,000-strong community is looking forward to celebrating Euro 2004 – either in Portugal or at home in Switzerland. Portuguese football fans are going into the European Championships buoyed up by the victory of top club, Porto, in the Champions League. Porto triumphed 3-0 over Monaco in this year’s final of the most important club…

Fiat reshuffle deprives Switzerland of top manager

This content was published on Jun 1, 2004 Analysts have warned that his move to Italy’s largest industrial group is likely to be a significant loss for SGS. While at SGS, Marchionne succeeded in restructuring the company and turning it around after a period of crisis. Confirmation of his appointment at Fiat sent the SGS share price tumbling at the stock exchange. At…

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Parliament debates what to do with excess gold

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Venus beats a path across the Sun’s face

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Novartis unit to buy generic drug maker

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Adecco revamps board as profits fall

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The fans

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The vicious circle of drug dependency

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Swiss pulls out of Oneworld talks

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E-government site proves too ambitious

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Portuguese immigrants celebrate Euro 2004

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Fiat reshuffle deprives Switzerland of top manager

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