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Ziegler launches assault on capitalism

This content was published on Jan 27, 2003 To rapturous public applause, the sociologist and author railed against capitalism and the elites – Bush, Sharon, Putin and bin Laden – as well as the UN and IMF. “The avant-garde of humanitarianism are today living in Latin America,” said Ziegler, the UN’s Special Rapporteur of the Commission on Human Rights on the Right to…

Going up Saas Fee’s “green slopes”

This content was published on Jan 26, 2003 Unfortunately, it is the only major Swiss resort committed to implementing the Alpine Convention – dedicated to environmental protection and sustainable development. Located at a lofty 1,800 metres above sea level, with ski slopes stretching up to 3,500 metres and summer skiing available on its glacier, skiers are drawn to Saas Fee like bees to…

Private insurers forecast more dark times ahead

This content was published on Jan 26, 2003 In its annual review, the Swiss Insurance Association, the industry’s umbrella organisation, revealed that the previous 12 months had been worse than expected. Association chairman Hansjörg Frei told a news conference in Zurich that after the turbulences of 2001, he had expressed a “certain amount of confidence” for 2002. However, he admitted this had been…

Swissair grounding could have been avoided

This content was published on Jan 24, 2003 In a damning indictment, a report by Ernst & Young says management incompetence and a lack of aviation experience brought down Switzerland’s national airline. Ernst & Young’s Ancillo Canepa was highly critical of the situation in general. “When such huge amounts [of money] are involved, you rarely see such a debacle,” he told swissinfo. Few…

CNETNetwork’s Swiss unit channels growth

This content was published on Jan 24, 2003 CNET purchase of GDT SA – acquired for SFR75 million ($55 million) in 1999 – from ten to 350 employees. GDT SA (now called CNET Channel Services) has managed to grow throughout the tech slump and had an estimated SFr 24 million in revenues last year. CNET was a television production company before it became…

Davos opens amid talk of war

This content was published on Jan 23, 2003 Couchepin told the 2,000-plus summit participants from over 100 countries that a war could trigger a resurgence of the Israeli-Arab conflict. “Regional destabilisation could have serious consequences for the rest of the world,” he said. As expected, the spectre of a war in Iraq all but dominated the opening day of the summit – now…

Nestlé takes a bite out of Mövenpick

This content was published on Jan 23, 2003 The Vevey-based company is already number one in the United States ice cream market and is seeking worldwide dominance. The acquisition will join Nestlé’s overweight portfolio, alongside popular brands such as Häagen-Dazs, scooped up in 2001. Annual ice cream sales worldwide at Mövenpick are worth SFr 300 million ($220 million), with the Swiss market accounting…

Novartis posts record profit and ups Roche stake

This content was published on Jan 23, 2003 The Basel-based firm also announced that it had boosted its voting stake in its Swiss rival Roche from 21.3 per cent to 32.7 per cent. Novartis, which has repeatedly made overtures about a possible merger, described the move as a “long-term financial investment”. The company’s stake in Roche now falls just short of the one-third…

Cancer conference highlights search for cure

This content was published on Jan 22, 2003 They are expected to focus on the latest developments in cancer detection and diagnosis, as well as advancements in treatment. The symposium, which has been organised by the Swiss Institute for Experimental Cancer Research, will bring together more than 300 scientists and specialists from Europe and the United States. Conference organiser Richard Iggo told swissinfo…

WEF summit – a mixed blessing

This content was published on Jan 22, 2003 Critics say unruly protests and the costs of protecting the world’s most important people outweigh the benefits. But that view discounts the kudos – and profit – generated by the event. This year’s security bill for the WEF summit stands at SFr13million ($9.5 million) – most of it funded by the Swiss taxpayer. In the…

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Ziegler launches assault on capitalism

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Going up Saas Fee’s “green slopes”

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Private insurers forecast more dark times ahead

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Swissair grounding could have been avoided

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CNETNetwork’s Swiss unit channels growth

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Davos opens amid talk of war

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Nestlé takes a bite out of Mövenpick

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Novartis posts record profit and ups Roche stake

More

Cancer conference highlights search for cure

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WEF summit – a mixed blessing

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