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Cost of super accelerator explodes

This content was published on Nov 6, 2001 The budget of the Large Hadron Collider (LHC) of the European Organisation for Nuclear Research (CERN) has expanded faster than expected. The LHC project was expected to cost SFr2.6 billion ($1.58 billion) upon completion in 2006, but due to cost overruns, the bill will probably reach SFr3.45 billion, if not more. CERN’s board will meet…

Government promotes Unesco bid for Monte San Giorgio

This content was published on Nov 6, 2001 Switzerland is putting forward an official application to Unesco headquarters in Paris. Monte San Giorgio is renowned for its remarkably well-preserved fish and reptile fossils from the Middle Triassic period of prehistory – about 240 million years ago. “It’s an excellent opportunity to protect the site because it really is unique in the whole world,”…

Sleep in Switzerland – without losing your shirt

This content was published on Nov 6, 2001 There are some 250 Bed and Breakfasts in Switzerland. Although that figure is modest in comparison with Britain or other English-speaking countries, the number of Swiss homeowners opening their doors to travellers is growing rapidly. Even better, most Swiss B&Bs charge less than SFr100 (US60) for a double occupancy per night. Besides the attractive price,…

Kuoni faces rough fourth quarter

This content was published on Nov 6, 2001 Kuoni said that for the year as a whole, it expected to record annual sales revenues slightly below last year’s figures, with profit expected to amount to around SFr10 million ($6.09 million). Last year, Kuoni had sales of SFr4.113 billion and made a profit of SFr115.1. Commenting on its third quarter figures, Kuoni said that…

Texas IT leader rescues Swissair subsidiary

This content was published on Nov 6, 2001 The Swissair Group formally approved the takeover and it was signed by both parties on Monday, a statement said without giving financial details. Final approval is needed from antitrust authorities before the deal can be completed. EDS is to handle flight reservations, airport management and information services for Atraxis customers, the company said. Atraxis boss…

Holcim makes further investment in Indonesia

This content was published on Nov 5, 2001 The deal means that Holcim (formerly Holderbank) increases its 12.5 per cent stake in Indonesia’s third-largest cement producer to about 75 per cent. A statement said this latest investment consolidated Holcim’s leading position in the cement sector in the Association of South-East Asian Nations (ASEAN) countries. The deal was announced after negotiations with Cibinong’s principal…

Sarna issues profit warning

This content was published on Nov 5, 2001 Citing poor demand in a lacklustre economic environment, Sarna said it was withdrawing from the high-tech Sarnatech division and would refocus on its two divisions supplying the construction and car industries. In a statement from its headquarters in Sarnen, canton Obwalden, Sarna said it would develop “appropriate alternatives” for Sarnatech, which had sales of SFr106…

Modex suffers losses

This content was published on Nov 5, 2001 The start-up company reported on Monday a loss of nearly $6.6 million (SFr10.8 million) in the period from January to September, some 61.6 per cent higher than the comparable period last year. The operational loss reached SFr12.4 million or almost 70 per cent higher, while the cash flow tripled, rising from Sfr468,000 to SFr1.5 million.…

Unaxis hammered by economic downturn

This content was published on Nov 5, 2001 Orders in the third quarter fell by 30 per cent to SFr312.6 million ($191.66 million) and sales declined by 20 per cent to SFr457.4 million, compared to the previous quarter. Unaxis, the former Oerlikon-Bührle, said in a statement that comprehensive measures for sustainable cost reduction had been introduced. The group said if the results of…

Expo.02 – a spark of hope

This content was published on Nov 5, 2001 After the massacre in Zug, the collapse of Swissair and the inferno in the Gotthard tunnel, many Swiss are feeling rather depressed and lethargic. According to a study by the university of Basel, one in four Swiss has some form of depression and the percentage of people suffering from slight depression has risen from eight…

Internal: Archive

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Cost of super accelerator explodes

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Government promotes Unesco bid for Monte San Giorgio

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Sleep in Switzerland – without losing your shirt

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Kuoni faces rough fourth quarter

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Texas IT leader rescues Swissair subsidiary

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Holcim makes further investment in Indonesia

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Sarna issues profit warning

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Modex suffers losses

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Unaxis hammered by economic downturn

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Expo.02 – a spark of hope

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