Internal: Archive

Swisscom profits steady

This content was published on Nov 21, 2002 Swisscom reported that earnings, before interest, tax, depreciation and amortisation, reached SFr3.4 billion ($2.3 billion). The decrease was said to be in line with the company’s expectations. On a more positive note, sales increased by two per cent to SFr10.8 billion, but net profit was down at SFr1.2 billion. The company said it still expected…

Bad banks – small depositors get preference

This content was published on Nov 20, 2002 Under the proposed new rules, customers with less than SFr5,000 in their accounts would be given preference over other creditors if their bank goes under. The move follows the bankruptcy of the savings and loans bank in Thun in 1991 – still in liquidation – in which many customers lost their money. Draft legislation sent…

Stem cell research gets government backing

This content was published on Nov 20, 2002 A draft law permits the importation of stem cells and the use of surplus embryos under strict conditions. “This is the most liberal law that we can push through within the present constitution,” said Gérard Escher, advisor to the secretary of state for science. The legislation allows the production of stem cells from surplus embryos…

Waste disposal the Swiss way

This content was published on Nov 20, 2002 The people of canton Vaud will be voting on Sunday on whether to introduce the tax, which is already commonplace in the German-speaking part of Switzerland. The rubbish bag tax means that householders have to buy a coloured sticker from the local shop and place it on their rubbish bags – instead of paying the…

Press says Swiss needs deeper cuts to survive

This content was published on Nov 20, 2002 Editorials said the 300 jobs losses and cutbacks on flight routes were not surprising given the current economic climate, but commentators fear they will not be sufficient to keep the airline going. The “Neue Zürcher Zeitung” said the measures, which come nine months after the airline took to the skies, exposed the need for more…

Swiss children take to the streets

This content was published on Nov 20, 2002 All the organisations working for the protection and the defence of children and teenagers are taking part. Wednesday’s events are being run by 11 Swiss organisations, including Pro Juventute, Swissaid, Terre des Hommes and Amnesty International. “Even if children’s rights still have a long way to go, we decided to make this day a celebration…

Swiss trims its wings but fails to impress critics

This content was published on Nov 19, 2002 But analysts say the measures designed to save the airline SFr400 million ($275 million) do not go far enough and will not guarantee the company’s future. Swiss chairman, Peter Bouw, told a media conference on Tuesday that the company’s third-quarter results were better than projected, but showed that Swiss still needed to improve overall profitability.…

Sulzer R&D division to spin out innovation

This content was published on Nov 19, 2002 Now Sulzer Innotec has introduced a new incubator to the Swiss market. Innotec is the name of the former research and development division of the Winterthur based Sulzer Group. It has been around for a good 50 years and recently started to source work from outside the company. Now more than two thirds of the…

Swiss clips its wings

This content was published on Nov 19, 2002 In all, 160 positions will be lost among cabin crew and ground personnel with 140 job losses among pilots. The company is expected to announce at the end of the year the scrapping of some routes as part of a raft of measures designed to save the airline SFr400 million ($275 million). Swiss aviation expert,…

Expo pieces auctioned at bargain prices

This content was published on Nov 18, 2002 The floating Jura Arteplage has been snapped up for a knock-down price, but the sale of the Monolith has been put on hold after the only offer was considered too low by the owner. A German entrepreneur, Rolf Oberle, was the only bidder for the huge, rusting monolith, one of the most talked about pieces…

Internal: Archive

Popular Stories

Most Discussed

Internal: Archive

More

Swisscom profits steady

More

Bad banks – small depositors get preference

More

Stem cell research gets government backing

More

Waste disposal the Swiss way

More

Press says Swiss needs deeper cuts to survive

More

Swiss children take to the streets

More

Swiss trims its wings but fails to impress critics

More

Sulzer R&D division to spin out innovation

More

Swiss clips its wings

More

Expo pieces auctioned at bargain prices

Popular Stories

Most Discussed