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Swiss Life slammed for lack of control

This content was published on Apr 7, 2003 The Swiss Federal Office of Private Insurance has ordered the company to claim back profits gained by former management members through the investment fund. In its ruling on Monday, the insurance regulator said that six members of Swiss Life’s old guard had endangered the interests of policyholders by investing their own money in Long Term…

“Arrogant” Zurich faces identity crisis

This content was published on Apr 7, 2003 A faltering economy and rising unemployment has had a humbling effect on the residents of the country’s “number one city”. Zurich’s citizens often overlook the fact that “little” Bern is the capital of Switzerland. Often referred to as “Zurich West”, Bern may boast the federal parliament but Zurich provides the country’s financial and cultural pulse…

Swiss B&Bs gain in popularity

This content was published on Apr 6, 2003 swissinfo’s Billi Bierling took a trip to the village of Mur on the shores of Lake Murten to look at one B&B that offers guests a taste of the countryside – and straw beds. Finding the Eulenhof – or “Owl’s Farm” – is not difficult as little red signs in the shape of an owl…

Swiss biologist wins leading US award

This content was published on Apr 4, 2003 Dr Hans Rudolph Herren shares the Tyler Prize for Environmental Achievement, which comes with a $200,000 cheque, for his work on pest control. Herren, who is Director of the International Center of Insect Physiology and Ecology in Nairobi, Kenya, was awarded the prize along with two other renowned scientists, Sir Richard Doll of Oxford University…

Helvetia Patria joins the loss-making list

This content was published on Apr 4, 2003 The group, based in St Gallen, reported the first loss in its history for 2002 – plunging into the red to the tune of SFr362 million ($261.66 million). It blamed impairment charges on depressed equity values and losses in its Swiss business for the poor result. It comes a day after the Baloise company –…

Swiss nuclear stations certified terrorism-proof

This content was published on Apr 3, 2003 A sweeping review of the country’s four nuclear sites, launched after the attacks of September 11, says the risk of radioactive contamination following a plane crash is minimal. The Federal Nuclear Inspectorate, which conducted the study, ranked Switzerland’s power plants among the safest in the world. “The findings were very positive,” Ulrich Schmocker, the Inspectorate’s…

FAMARA: Toubab Man

This content was published on Apr 3, 2003

Baloise makes record loss

This content was published on Apr 3, 2003 It blamed weak markets for the loss, which came in at the high end of expectations. In 2001 the top five insurer made a net profit of SFr404 million. Baloise had warned in January that it would make a loss of SFr550-650 million due to the global financial crisis, foreign exchange losses and charges for…

Taste for luxury chocolate keeps Lindt profits sweet

This content was published on Apr 1, 2003 The company, based at Kilchberg near Zurich reported a 2002 net profit of SFr101.9 million ($75.22 million), up 11.4 per cent over the previous year. The result was achieved against a background of what chairman and CEO Ernst Tanner termed “the most challenging 12 months in recent decades”. At the annual results conference on Tuesday,…

Alpine giant powers Swiss households

This content was published on Apr 1, 2003 Completed in 1965, its facilities in canton Valais provide 12 per cent of Switzerland’s stored hydroelectric power. Construction of the Grande Dixence project – which includes four dams, three power plants and over 100 kilometres of tunnels – began in 1950 and was one of the major engineering feats of the post-war period. The complex’s…

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Swiss Life slammed for lack of control

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“Arrogant” Zurich faces identity crisis

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Swiss B&Bs gain in popularity

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Swiss biologist wins leading US award

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Helvetia Patria joins the loss-making list

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Swiss nuclear stations certified terrorism-proof

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FAMARA: Toubab Man

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Baloise makes record loss

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Taste for luxury chocolate keeps Lindt profits sweet

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Alpine giant powers Swiss households

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