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Job losses spread across Swiss corporate sector

This content was published on Sep 22, 2001 Despite the raft of corporate payroll cutbacks seen over the past three months, the unemployment rate in August came in at 1.7 per cent, unchanged from the previous month. However, Marcus Allenspach, chief economist at Cantrade Private Bank, told swissinfo that the jobless rate will pick up from now on. “In the first half we…

Swiss Market Index shaky after Wall Street losses

This content was published on Sep 21, 2001 Stock exchanges in Frankfurt, London and Paris also registered sharp drops. On Thursday, the Wall Street Index fell by 4.4 per cent, dropping to 8,376.21 points, evidence of growing fears about the current economic climate and military retaliation for the last week’s attacks on the United States. There were also substantial losses on the Asian…

UNESCO makes the Entlebuch a biosphere reserve

This content was published on Sep 21, 2001 It is Switzerland’s first biosphere reserve under UNESCO’s new criteria, which call for areas not only to be rich in natural beauty but also to foster sustainable human development. The reserves are designed to meet one of the most challenging issues of the 21st century – to conserve biodiversity while at the same time meeting…

Disaster in US affected Swiss business

This content was published on Sep 21, 2001 Switzerland’s finance minister, Kaspar Villiger, defended Swiss banking secrecy laws on Thursday and pledged to join international efforts to search for money linked to terrorism. “Switzerland is definitely not a safe haven for criminals nor terrorists, and the country’s banking secrecy system provides no protection for such people,” Villiger said at a news conference. His…

Gotthard crew carves centrepiece of Swiss rail scheme

This content was published on Sep 21, 2001 The new Gotthard link will form the centrepiece of Switzerland’s New Transalpine Railway scheme. With a length of 57 kilometres, the Gotthard base tunnel will be longer than the Channel Tunnel connecting Britain and France, which is just over 50 kilometres long. The underground construction site created by an international consortium will help to speed…

Pressure increases on government to aid Swissair

This content was published on Sep 21, 2001 The Swiss finance minister, Kaspar Villiger, said on Friday that the confederation might help Swissair by taking part in a capital increase. But the aid would be only “subsidiary” because it was first and foremost up to the private economy to inject funds to assure the company’s survival. The government has a three per cent…

Julius Bär to collaborate with Union Investment

This content was published on Sep 21, 2001 The partners also said they did not rule out collaborating on other ventures. The new product will be developed jointly and will be available on the Swiss and German markets through Union Investment group, with market launch scheduled for January 2002. Union Investment is Germany’s third-largest capital investment company in investment funds, with DM116 billion…

Gore makes impassioned plea to save earth’s ecology

This content was published on Sep 21, 2001 In a wide-ranging talk, which covered evolution, geology and the lyrics of the Beatles, Gore identified three main threats to the planet – unprecedented population growth, the unintended consequences of technology and our inability to change our way of thinking. “In my 53 years, I have witnessed the population of the world go from a…

Clariant shares plunge on earnings fears

This content was published on Sep 20, 2001 Analysts blamed the share price fall on the economic slowdown and on increasing fears that a rise in oil prices after last week’s attacks could hit the company. Analysts are worried that the Basel-based company has little chance of reducing its debt of around SFr5 billion. Clariant forecast in August that its second half results…

SMI comes under renewed pressure as crisis continues

This content was published on Sep 20, 2001 The SMI was not alone, with stock exchanges in Frankfurt, London and Paris all showing sharp falls. Airline companies, insurance firms and other financial stacks led the decline. In Switzerland by mid-afternoon, all but two of the SMI’s 29 listed shares had registered falls. Only the telecommunications operator, Swisscom, and the inspections company, SGS, bucked…

Internal: Archive

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Job losses spread across Swiss corporate sector

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Swiss Market Index shaky after Wall Street losses

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UNESCO makes the Entlebuch a biosphere reserve

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Disaster in US affected Swiss business

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Gotthard crew carves centrepiece of Swiss rail scheme

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Pressure increases on government to aid Swissair

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Julius Bär to collaborate with Union Investment

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Gore makes impassioned plea to save earth’s ecology

More

Clariant shares plunge on earnings fears

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SMI comes under renewed pressure as crisis continues

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