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Swiss venture capital investment picks up

This content was published on Feb 5, 2004 It was the lowest total in the past three years. But the sector held its own the European ranking, coming fifth overall. Switzerland is in fifth place in Europe with 5.8 per cent of the total venture funding announced in 2003, the same amount Switzerland raised in the previous year, according to Tornado Insider Research.…

Swiss weapons exports on the rise

This content was published on Feb 4, 2004 According to the State Secretariat for Economic Affairs (Seco), sales jumped by over a third in 2003 to reach SFr379 million ($302 million). The sale of armoured vehicles, air defence systems and ammunition boosted exports by more than SFr100 million last year. More than two-thirds of all weapons destined for the export market were sold…

Government pulls plug on sex line abuse

This content was published on Feb 4, 2004 The Federal Communications Office (Ofcom) is banning companies from automatically connecting web users at premium rates without their knowledge. The ban will run from April 1 and should bring down incidences of abuse, which have been rising steadily since 2002. Last year alone, officials registered nearly 2,000 complaints about webdiallers, many involving unusually large telephone…

Zurich internet show banks on wireless boom

This content was published on Feb 4, 2004 More than 340 companies are displaying a bewildering range of products, services and computer hardware across four halls of Zurich’s conference centre. Exhibition organiser Giancarlo Palmisani said this year’s highlight is the emergence of so-called wireless technology, which enables laptop users to log onto the internet in hotels, airports and an increasing number of public…

Deal gives Nestlé direct stake in L’Oréal

This content was published on Feb 4, 2004 Nestlé and L’Oréal’s majority shareholder and founding family, the Bettencourts, on Tuesday agreed to simplify their joint holding in the cosmetics empire. Under the terms of the pact, Gesparal – the holding company for Nestlé and the Bettencourt family – will merge with L’Oréal. The move means that Nestlé’s 49 per cent stake in Gesparal…

Catwalk fashion for top dogs

This content was published on Feb 3, 2004 But now the Zurich and Geneva branches of the low-priced retailer H&M are offering those of more modest means the chance to pamper their pooches. They are stocking a line of 1950s-inspired clothes and accessories for the dog about town. Far from being a gimmick the idea is a response to what is a general…

Swiss civil aviation crash history

This content was published on Feb 3, 2004 The plane, which was flying from Berlin to Zurich, crashed into woodland just short of the runway, killing 24 of the 33 people on board. As investigators publish their final report into the cause of the crash, swissinfo takes a look back at some of the major accidents in the history of Swiss civil aviation.…

Watch exports slip on global uncertainties

This content was published on Feb 3, 2004 The total export value of watches and watch movements was SFr10.177 billion ($8.15 billion) or SFr462.9 million less than in 2002. According to the Federation of the Swiss Watch Industry in Biel, this year is likely to see a return to “moderate” export growth. Commenting on the figures published on Tuesday, the Federation said in…

Krokus: Fire And Gasoline (Sponteanously Combustible). Live!

This content was published on Feb 3, 2004

Crossair crash caused by pilot error

This content was published on Feb 3, 2004 Switzerland’s Aircraft Accident Investigation Bureau also criticised shortcomings of the aircraft operator, Crossair. The Federal Prosecutor’s Office said on Tuesday that it had opened a criminal investigation into possible negligent homicide and grievous bodily harm by negligence. The accident report confirmed that the pilot of the Jumbolino Avro RJ-100 jet dropped below the minimum descent…

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