Internal: Archive

Tower restoration revives shattered Gondo

This content was published on Nov 10, 2002 A charitable foundation plans to reconstruct Gondo’s Stockalper Tower and in doing so boost the economic fortunes of the village. In October 2000, Gondo was sliced in two by a 40-metre-wide swathe of mud and rocks loosened by three days of torrential rain. The heart of the village, which lies on the Swiss-Italian border, was…

Nutrition set to nurture Nestlé growth

This content was published on Nov 9, 2002 In an interview with swissinfo, chief executive Peter Brabeck explains the strategy that has made Nestlé a financial success story that other firms can but envy. There was some disappointment at the Swiss multinational’s figures for the first nine months of 2002, with real internal growth slowing down. But Brabeck is confident that Nestlé will…

Swiss ant researcher wins top science prize

This content was published on Nov 8, 2002 Wehner received a SFr100,000 ($68,000) prize at a ceremony in Bern on Friday for his work on the behaviour of the Cataglyphis ant of the Sahara desert. The prize is awarded annually for a “discovery or study” that has made an outstanding contribution to Swiss science. It was founded by a wealthy French lawyer, Marcel…

Centerpulse claws back US market share

This content was published on Nov 8, 2002 The firm, which changed its name from Sulzer Medica partly to improve its image, said its market share in the US rose by over 12 per cent in nominal terms in the third quarter. Europe’s largest maker of orthopaedics products saw net profits climb by 9.8 per cent in the third quarter to SFr22.7 million…

ABB to axe 10,000 jobs

This content was published on Nov 8, 2002 ABB, based in Zurich, on Friday scaled down its earnings targets for the next three years and said it aimed to cut its debts to $4 billion (SFr5.8 billion) by 2005. ABB said that between 9,000 and 12,000 jobs would be cut – mostly abroad. In Switzerland no more than 550 jobs were expected to…

Swiss Life scandal claims another victim

This content was published on Nov 8, 2002 On Wednesday, the troubled insurer appointed banker, Rolf Dörig, as its new CEO, after ousting Roland Chlapowski. The scandal has also claimed the scalp of a political party boss, who is on the board of Swiss Life. Leuenberger announced his departure at a manager’s meeting on Thursday night. Swiss Life said in a statement that…

New beamline promises faster drug development

This content was published on Nov 7, 2002 The PSI is building a second machine for scientists investigating the structure of proteins. The device, known as a beamline, delivers high-intensity x-rays so that they can penetrate tiny protein crystals and reveal their composition. Switzerland’s pharmaceutical giants, Novartis and Roche, have joined forces with the Max Planck Society in Germany to finance the new…

Cutting edge technology sheds light on matter

This content was published on Nov 7, 2002 The SLS is able to probe the fundamental structure of matter with x-rays. For most tasks, it is the most advanced machine of its kind in the world. “Within its energy range, it will be the world-leading machine for a couple of years, allowing us to do top-level research,” said the institute’s director, Professor Meinrad…

Wuffli on corporate governance

This content was published on Nov 7, 2002 UBS has escaped the criticisms levelled at many firms in the wake of the Enron collapse, unlike several other Swiss companies, such as ABB and the collapsed Swissair. Senior executives who have fallen from grace include Rolf Hüppi at Zurich Financial Services, financier Martin Ebner and ABB chief Jörgen Centermann. In April, the Swiss Stock…

Britain keeps up pressure against banking secrecy

This content was published on Nov 7, 2002 Brussels is keen to clamp down on tax cheats who use non-EU countries to squirrel away savings. But the Swiss government says banking secrecy is “not negotiable” and has instead proposed a withholding tax on EU citizens’ interest earnings in Switzerland. The Swiss would then pass the tax revenue back to the EU citizen’s home…

Internal: Archive

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Internal: Archive

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Tower restoration revives shattered Gondo

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Nutrition set to nurture Nestlé growth

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Swiss ant researcher wins top science prize

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Centerpulse claws back US market share

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ABB to axe 10,000 jobs

More

Swiss Life scandal claims another victim

More

New beamline promises faster drug development

More

Cutting edge technology sheds light on matter

More

Wuffli on corporate governance

More

Britain keeps up pressure against banking secrecy

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