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Swiss plans capital cut as slump continues

This content was published on Mar 25, 2003 The company’s CEO, Andé Dosé, told investors at the company’s annual meeting that 2003 could be the worst in aviation history. The company stressed that it would not break even this year as the Iraq crisis dampened demand for air travel. Swiss added it was impossible to forecast results for the current year due to…

Stocks tumble as Iraqi resistance stiffens

This content was published on Mar 25, 2003 The loss is in line with global stocks which experienced their worst day in six months on Monday following a weekend of downbeat war news. The 27-share SMI closed at 4,230.7 points on Monday, with all stocks in the red. The index continued its downward spiral in early trading on Tuesday, but recovered slightly to…

Swiss men shun part-time option

This content was published on Mar 24, 2003 However, a government report released on Monday shows that while men may want to work less, few actually do. Speaking at the launch of a campaign to encourage more men into part-time jobs, Patricia Schulz, director of the Federal Office for Equal Opportunities, said many still worry about the cost to their careers of taking…

Overeating linked to genes

This content was published on Mar 24, 2003 A Swiss-led study has shown that a gene may be partly responsible for the disorder and that it is not simply a question of self-control. “Willpower is not always important to reduce weight,” said Fritz Horber, the leader of the study at the Hirslanden Clinic in Zurich. “Some people can get by with willpower; some…

UBS to hand over frozen Iraqi money

This content was published on Mar 24, 2003 UBS said the funds, blocked in 1990 under United Nations sanctions, had been confiscated by the US Treasury and would be transferred to the US government soon. The confiscation is part of an order last week from the Treasury Department to 17 banks in the US. The total money involved, said to be about $1.74…

Star producer zooms in on Hollywood

This content was published on Mar 24, 2003 He has a record six Oscars under his belt and is the only foreign producer to have a star on the celebrated “Walk of Fame”. His prize-winning back catalogue includes “Black and White in Colour”, a story criticising war in the Ivory Coast, and “Central Station”, which looks at the poverty-stricken lives of those living…

War overshadows New York festival

This content was published on Mar 24, 2003 The eight-week “swisspeaks” festival is designed to strengthen business ties and promote Swiss arts, culture and tourism in the city. A member of the board and the head of corporate fundraising for the swisspeaks festival, Fabienne Abrecht, admits the event could not have been held at a worse time. But she says it is too…

Nano solar and other world-changing Swiss tech

This content was published on Mar 23, 2003 Mechatronics, nano solar cells, and quantum cryptography are the areas where Switzerland’s leading edge is cited. Each year, the journal tries to identify new technologies that “could transform industries that are fundamental to daily life”, including computing, medicine, manufacturing, transportation and energy. It is an influential publication, read “assiduously” by “inventors and their bankrollers”, according…

Swiss neutrality comes under the spotlight

This content was published on Mar 20, 2003 But opinions differ in Switzerland over how that neutrality should be interpreted in the light of the conflict. On Thursday the president, Pascal Couchepin, said he regretted the United States-led military action against Iraq, which had not been authorised by the United Nations Security Council. He said Switzerland would remain neutral in what he referred…

Rival steps in for Centerpulse

This content was published on Mar 20, 2003 The deal, which has the backing of Centerpulse’s board, will create the world’s third largest orthopaedics company. Centerpulse on Thursday also announced that it had been on a “dynamic growth path” in 2002, making a net profit of SFr337 million. A joint statement said that the deal would be made by a new holding company…

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Swiss plans capital cut as slump continues

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Stocks tumble as Iraqi resistance stiffens

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Swiss men shun part-time option

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Overeating linked to genes

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UBS to hand over frozen Iraqi money

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Star producer zooms in on Hollywood

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War overshadows New York festival

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Nano solar and other world-changing Swiss tech

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Swiss neutrality comes under the spotlight

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Rival steps in for Centerpulse

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