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Swiss army products shop to open in New York

This content was published on Aug 8, 2001 The American company, Swiss Army Brands, which has the exclusive sales rights to Switzerland’s army knife in the US, is opening its first shop in New York’s Soho area. The opening is expected in mid-September. The decision to open the flagship shop was made after a highly successful presentation of Swiss army products earlier this…

4M Technologies fails to convince financial backers

This content was published on Aug 8, 2001 The firm said the search for new investors had also failed. It added that the board of directors was examining measures to address the situation. 4M Technologies, based in Yverdon-les-Bains in canton Vaud, announced at the end of June that it was facing serious financial difficulties. Production has been delayed as a result. swissinfo with…

Sabena plan expected to cost 2,000 jobs

This content was published on Aug 7, 2001 The Belgian newspaper, Le Soir, said that the company’s board approved the programme on Monday night. Union leaders reacted angrily to the reports saying they would organise demonstrations in front of Sabena’s headquarters near Brussels airport. Sabena said it would not comment on the reports until it had informed its 12,000 strong workforce of the…

Kudelski intervenes in battle for Hughes Electronics

This content was published on Aug 7, 2001 In an interview with Reuters, the company’s chairman, André Kudelski, said he had made the offer to EchoStar’s chairman, Charles Ergen, but it was up to EchoStar to decide whether to accept his offer, or choose to go it alone. Kudelski said he would raise the money by issuing a fresh 25 per cent equity…

More jobs to go as American robotics company closes

This content was published on Aug 7, 2001 The company makes modems and other computer hardware. The office will close at the end of September or October. The firm will maintain a European office in London and a few employees from Nyon may be transferred there. US Robotics only arrived in canton Vaud in November last year with the aim of expanding its…

Locarno premiere provides food for thought

This content was published on Aug 7, 2001 There was a time in the 1970s and 80s when German films were heavy with political meaning, featured earnest and despairing characters, and tended towards preaching. Throughout the 1990s, German film-makers seemed to turn away from what had become a cliché. They made comedies, and the social and political problems associated with the nation’s re-unification…

Swiss researcher proposes brain model for future computers

This content was published on Aug 7, 2001 Quantum computers – often considered the next step forward in information processing – is still in its infancy, but this type of machine holds great promise, potentially offering far greater speed to the user. “Quantum computing represents a paradigm shift from traditional computers,” Trugenberger told swissinfo. Quantum computing has its roots in physics theory from…

Glencore releases plans for massive coal flotation

This content was published on Aug 7, 2001 Glencore, with its headquarters in canton Zug, plans to sell at least 55 per cent of Enex Resources, described as the world’s largest coal exporter. Glencore owns 11 mines in Australia and 14 in South Africa, which produced 40 million tonnes of thermal coal last year. Demand for coal is expected to grow by 30…

Saia Burgess releases disappointing figures

This content was published on Aug 7, 2001 The group’s earnings were lower than for the same period last year. The company, based in Murten, said its performance had been affected by the economic slowdown in the United States and Europe. It added that the sales increase of 23.9 per cent was primarily due to the contribution from the US-based electric motor group,…

Traffic poses problem at Gotthard tunnel

This content was published on Aug 7, 2001 The study commissioned by the Swiss Federal Roads Authority (Astra) bases its figures on a 30 per cent increase in traffic by 2020, which predicts that the total number of “traffic-jam-days” could rise to 75 southbound and 96 northbound. According to the newspaper “SonntagsZeitung”, motorists already face 55 to 60 days of traffic jams around…

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