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Swiss flies into SFr200 million first quarter loss

This content was published on May 27, 2003 Although revenues rose to SFr1.04 billion, costs swelled to SFr1.27 billion, cutting the firm’s liquidity by SFr343 million – a “cash-burn rate” of around Fr3.8 million per day. The unaudited result was in line with market expectations, after the chief executive, Andre Dosé, recently indicated the loss would not exceed SFr250 million. “The results reflect…

Lake Geneva region braced for G-8 summit

This content was published on May 27, 2003 Some 10,000 soldiers and police officers are to be deployed in the lakeside region in the heaviest security operation since the Second World War. Widespread disruptions to road and air traffic are expected during the three-day event in the French resort. Boats on Lake Geneva are banned altogether, except for shuttles transporting high-ranking delegates to…

April brings ray of hope to hotels

This content was published on May 26, 2003 But business is still sluggish, with demand expected to dip 3.2 per cent this summer. According to figures released on Monday by the Federal Office of Statistics, Swiss and European clients generated the most overnight stays for hotels across Switzerland in April. Business during the first quarter of 2003 was down by 2.3 per cent…

Swiss Life makes SFr100 million loss on STG sale

This content was published on May 26, 2003 STG Schweizerische Treuhandgesellschaft was bought by LGT group, owned by the Liechtenstein royal family, at book loss of SFr100 million ($65 million). The Zurich-based company said in a statement on Monday it would net SFr197 million ($152.6 million) from the sale. Swiss Life CEO Rolf Dörig said the book loss on STG would not affect…

Couchepin unveils plan to “save” pensions

This content was published on May 26, 2003 The Left and trade unions are up in arms. Couchepin presented his controversial plans to the media on Monday during his annual walk on St Peter’s island in canton Bern. According to the government’s figures, spending on the state pension scheme will increase significantly until 2040 as a result of demographic changes. The interior minister…

Massaging away the motorway blues

This content was published on May 26, 2003 It is employing what is claimed to be Europe’s first ever motorway masseur to knead away the strains and stresses of life on the open road. Andreas Nägeli has set up shop in a service station on the A1 at Würenlos near Baden, and he claims his back rubs make drivers less tense, more awake,…

Swiss propose plan for fair supply of water

This content was published on May 26, 2003 But non-governmental organisations claim the only way to ensure water reaches everyone is to keep it in public hands. The group includes the Swiss Agency for Development and Cooperation (SDC) and the State Secretariat for Economic Affairs (Seco), along with a number of private companies, including Switzerland’s second-largest insurer, Swiss Re. The plan is intended…

Life-saving work earns biologist top award

This content was published on May 25, 2003 When a non-native insect threatened to wipe out the continent’s cassava crop, Herren came up with a natural – and award-winning – answer. His work has now won him the 2003 Tyler prize for Environmental Achievement. Herren, who was born in Mühleberg near Bern, was just 31 years old when he took a new job…

Swiss students offer hope to landmine victims

This content was published on May 24, 2003 The new design – suitable for both adults and children – is lighter than existing prostheses, making it easier for victims to walk. The artificial limb project is the brainchild of Johan Müller, dean of the Mechanical Engineering Faculty at the University of Applied Sciences in Aargau. Müller – who came up with the idea…

Theme park investigates mysteries of the world

This content was published on May 24, 2003 Housed in replica pyramids, Indian temples and golden planets, “Mysteries of the World” showcases past cultures and their possible contact with extraterrestrials. Von Däniken’s books, including “Chariots of the Gods”, argue that knowledge gained through contact with aliens enabled the ancient Egyptians, for example, to construct their giant pyramids. However, the author told swissinfo: “This…

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Swiss flies into SFr200 million first quarter loss

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Lake Geneva region braced for G-8 summit

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April brings ray of hope to hotels

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Swiss Life makes SFr100 million loss on STG sale

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Couchepin unveils plan to “save” pensions

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Massaging away the motorway blues

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Swiss propose plan for fair supply of water

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Life-saving work earns biologist top award

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Swiss students offer hope to landmine victims

More

Theme park investigates mysteries of the world

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