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Rough ride for Swiss horses

This content was published on Jan 11, 2003 Swiss Animal Protection (SAP) claims that many horses are being neglected both by their owners and by Swiss law. “The Federal Veterinary Office only produces guidelines for how horses should be kept,” explains SAP spokesman Mark Rissi. “Unlike with other farm animals, there are no binding laws related to the keeping of horses. “The cantonal…

Swiss criticised over low-cost flights

This content was published on Jan 10, 2003 René Lüchinger, a leading aviation expert, warned that the move would alienate premium customers and confuse the company’s shareholders. Swiss on Friday announced that it would be offering what it calls “Easy Savers” on flights to London Heathrow, Paris, Barcelona and Nice, with prices starting from SFr99. These are all routes run by Europe’s leading…

Zurich on lookout for cheap coffins

This content was published on Jan 10, 2003 Unusually for Switzerland, Zurich still provides public funding so that its citizens can ‘enjoy’ free funerals. “All persons registered on the residents’ list are entitled to a free burial if they die in the city,” funeral service director Sergio Gut told swissinfo, “We reckon on around 4,000 deaths in Zurich every year so we have…

Rail corridor promises relief for Alpine passes

This content was published on Jan 9, 2003 The deal signed in Lugano aims to ease customs formalities, administrative rules and provide coordinated timetables. The “Memorandum of Understanding” foresees a railway corridor, which will extend from the Dutch port of Rotterdam to northern Italy. Most of Europe’s north-south traffic passes through Switzerland and the country sees more than 5,000 trucks journey through its…

Swiss scientists put finishing touches to Envisat

This content was published on Jan 9, 2003 The team based at the University of Zurich is in the process of calibrating instruments for evaluating data from Europe’s most powerful and sophisticated satellite. Urs Frei, Zurich University I am convinced that it will be possible to estimate the probability of natural disasters. The satellite is designed to help scientists better understand climatic shifts…

Hayek warns of impending crisis in watch industry

This content was published on Jan 9, 2003 He also took a swipe at the Central Bank, arguing that more could be done to bring down the value of the Swiss franc, which is hurting the industry. Hayek was speaking in Le Locle at an event marking the 150 years of the Tissot watch company, which is based in the town. He said…

Cabinet enjoys more trust than business leaders

This content was published on Jan 8, 2003 Some 35 per cent said the government was trustworthy compared with just six per cent who took a favourable view of business leaders. The news was not all bad for business, though. Forty per cent of those surveyed said they trusted the government and bosses equally. That finding suggests that a substantial proportion of the…

CSFB to sell US clearing unit for $2 billion

This content was published on Jan 8, 2003 The deal will provide much-needed cash for the investment bank, which has been hit by huge losses. Analysts said the sale, expected to be wound up by June, had been anticipated and that CSFB had got a “reasonable” price for Pershing, which is the biggest clearing company in the United States by brokerage customers. John…

Unemployment on the rise again

This content was published on Jan 8, 2003 The unemployment rate now stands at its highest level for four years. Figures released by the State Secretariat for Economic Affairs (Seco) showed that over the year 2002 as a whole unemployment averaged 2.8 per cent, up from a ten-year low of 1.9 per cent the year before. The number of registered unemployed in Switzerland…

Blocher cuts stake in EMS Chemie

This content was published on Jan 8, 2003 The businessman and rightwing populist politician had been expected to try to take the firm private. EMS announced on Wednesday that Blocher’s EMESTA Holding would reduce its stake and voting rights to 50.1 per cent. EMS said it would also be introducing a unified share structure, with stock being split 50 for one for bearer…

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Rough ride for Swiss horses

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Swiss criticised over low-cost flights

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Zurich on lookout for cheap coffins

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Rail corridor promises relief for Alpine passes

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Swiss scientists put finishing touches to Envisat

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Hayek warns of impending crisis in watch industry

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Cabinet enjoys more trust than business leaders

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CSFB to sell US clearing unit for $2 billion

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Unemployment on the rise again

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Blocher cuts stake in EMS Chemie

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