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Experts explore mysteries of the brain

This content was published on Mar 11, 2003 International Brain Week – now in its sixth year – offers a unique opportunity for specialists to discover more about the brain and how it functions. A series of roundtable discussions, hosted by Geneva University, will allow experts to exchange information and research on a wide range of topics from Alzheimer’s disease to schizophrenia. Two…

Mövenpick slips further into the red

This content was published on Mar 11, 2003 Last year the company slipped into the red for the first time in ten years when it ran up a loss of SFr11.6 million. In a statement on Tuesday, Mövenpick also reported a nine per cent drop in turnover to SFr824 million from SFr906 million in 2001. The results were worse than had been expected.…

Youngsters face job struggle

This content was published on Mar 10, 2003 Education experts estimate that as many as 10,000 young job-seekers may be unable to find an apprenticeship this summer. Apprenticeships form the most traditional route into the Swiss workforce, and the anticipated shortfall looks set to bring more bad news to an already ailing domestic economy. General unemployment in Switzerland is already close to a…

Unions target pensions crisis

This content was published on Mar 10, 2003 The call comes one month before cabinet is due to present plans to parliament for reforming occupational pension schemes. Swiss pension funds have been hammered by the downturn in the stock market, leaving them short of cash and unable to fully cover their commitments. This is because the bulk of pension fund income – between…

Swiss Life drags SMI to lowest level since 1996

This content was published on Mar 10, 2003 The share rout helped push the benchmark Swiss Market Index (SMI) to its lowest levels since November 1996 – well below the psychologically important 4000-point mark. During afternoon trading on Monday, Swiss Life’s shares hit a new all-time low of SFr42.50 ($32), before ending the day at SFr44.10. Analysts blamed the dramatic share slump on…

Cabinet appoints private banker to national bank

This content was published on Mar 9, 2003 Hildebrand’s appointment to the crucial post was announced on Friday, in a move that was widely welcomed. The make-up of the bank’s board has long been a source of political tension in Switzerland, with leftwing parties accusing it of being dominated by board members linked to the centre-right Radical Party. Hildebrand – who will replace…

Swiss women weather slowdown better than men

This content was published on Mar 8, 2003 As the world marks International Women’s Day, attention is focusing on the pay differences between men and women, and the absence of women in top-level jobs. Latest figures show that the number of unemployed men is on the rise, whereas more and more women are taking up paid employment. According to the State Secretariat for…

Swiss say no to US corporate governance law

This content was published on Mar 7, 2003 While the Swiss say they understand the objectives of the law, they are concerned it will cause problems for companies listed on the New York Stock Exchange (NYSE). The legislation was passed last summer in the wake of accounting scandals at energy trader Enron and telecommunications giant Worldcom. The US Securities and Exchange Commission (SEC)…

Flush Swisscom buys into European niche

This content was published on Mar 7, 2003 The new unit, Swisscom Eurospot, has bought stakes in Europe’s main wireless operators so it can offer web access in hotels, airports, conference centres and other public places. Swisscom bought the leading pan-European operator, London-based Megabeam Networks, and the German market leader, WLAN in Munich, to form the backbone of its new unit. Swisscom’s CEO,…

Sunken paddle steamer recalls golden age

This content was published on Mar 7, 2003 The vintage paddle steamer Bellevue has lain undisturbed on the lakebed since sinking in a storm in 1864. Its exact location had remained a mystery until an underwater search team found the vessel last summer. The boat was lying a few hundred metres from the landing at Oberhofen, 100 metres below the surface and almost…

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Experts explore mysteries of the brain

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Mövenpick slips further into the red

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Youngsters face job struggle

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Unions target pensions crisis

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Swiss Life drags SMI to lowest level since 1996

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Cabinet appoints private banker to national bank

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Swiss women weather slowdown better than men

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Swiss say no to US corporate governance law

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Flush Swisscom buys into European niche

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Sunken paddle steamer recalls golden age

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