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Ascom cuts jobs and boosts capital

This content was published on Nov 12, 2003 Ascom also said it would be issuing 13.5 million new shares to strengthen its balance sheet and cut debt, as part of a drastic restructuring programme. The company added that a capital increase of SFr74.25 million, already fully underwritten by a syndicate led by Credit Suisse First Boston, would strengthen its capital base. Shareholders are…

Holcim profit up slightly

This content was published on Nov 12, 2003 Operating income at the world’s second-largest cement concern was also virtually unchanged at SFr1.55 billion. This figure was reached on 5.4 per cent lower net sales of SFr9.395 billion. Holcim said at a news conference in Zurich on Wednesday that net profit had actually climbed by 8.2 per cent in local currency terms. The result…

Ziegler condemns worldwide hunger

This content was published on Nov 12, 2003 Presenting a report to the UN, Ziegler strongly criticised conditions in the Palestinian territories, saying the situation was bordering on a humanitarian catastrophe. Addressing the General Assembly in New York on Tuesday, Ziegler likened the Israeli government’s policy towards the Palestinian territories to an “apartheid system”. He said that 61 per cent of Palestinians were…

Couchepin ends “successful” India trip

This content was published on Nov 11, 2003 But he warned Switzerland lagged behind some of its European neighbours in terms of scientific cooperation with India. The five-day trip was aimed at strengthening scientific and technological ties between the two countries and resulted in the signing of bilateral accords. Couchepin, who was accompanied on his visit by a delegation of representatives from the…

Charity wants amnesty for illegal immigrants

This content was published on Nov 11, 2003 The Swiss charity, Caritas, said on Tuesday that the current system of dealing with people on a case-by-case basis was simply not working. The charity said the lives of the country’s estimated 70,000-180,000 illegal immigrants and the Swiss economy would benefit if they were granted legal status on a collective basis. But only 500 illegal…

UBS profit outstrips forecasts

This content was published on Nov 11, 2003 UBS, the world’s largest asset manager, said on Tuesday that in the third quarter clients brought SFr20 billion in net new assets. “It is our most profitable quarter in three years, with performance up in all our businesses compared to last year,” commented CEO Peter Wuffli. “We captured revenue opportunities despite volatile markets, particularly in…

Swiss accused of squandering resources

This content was published on Nov 10, 2003 The findings of a government study also indicate that future resources are being squandered in order to meet the needs of today’s population. The Monet monitoring programme used more than 100 different indicators to assess for the first time the current state of sustainable development in Switzerland. It identified 26 areas that were seen as…

Heptagon funding boosts Swiss micro-optics cluster

This content was published on Nov 10, 2003 The firm’s founders invented a new manufacturing process to make micro-optical devices in volume and at high speed. Existing investors, the Finnish National Fund for Research and Development (Sitra) and InnovationsKapital of Sweden, came back for this round. Plus there are two new backers, Innovacom, which got its start as the corporate venture arm of…

Crowning moment for Victoria-Jungfrau director

This content was published on Nov 10, 2003 It is the latest of many honours bestowed upon Emanuel Berger and his Interlaken hotel. Berger, who was chosen by the readers of “Hotels” magazine, the official publication of the International Hotel and Restaurant Association, received the award at a ceremony in New York on Monday night. Ahead of the event, Berger told swissinfo of…

Scientists seek to plug gaps in computer security

This content was published on Nov 9, 2003 The new Zurich Information Security Centre (ZISC) aims to be a world leader in creating hacker-proof security systems. Virus attacks have paralysed personal computers as well as major mainframe systems in recent years, at the cost to the business world of millions of francs in lost revenue and repairs. Last month a computer worm broke…

Internal: Archive

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Internal: Archive

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Ascom cuts jobs and boosts capital

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Holcim profit up slightly

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Ziegler condemns worldwide hunger

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Couchepin ends “successful” India trip

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Charity wants amnesty for illegal immigrants

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UBS profit outstrips forecasts

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Swiss accused of squandering resources

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Heptagon funding boosts Swiss micro-optics cluster

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Crowning moment for Victoria-Jungfrau director

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Scientists seek to plug gaps in computer security

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