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Warm welcome for Swiss president in Estonia

This content was published on Jul 19, 2001 “I was so happy about this visit that my plane arrived half an hour early”, Leuenberger joked after talks with the Estonian president. After the meeting, Leuenberger added that his counterpart had “given Estonia an identity”, as well as “freedom”. The Swiss president said that an emphasis on culture had enabled Meri to bring the…

Swissair shares take off ahead of French court ruling on AOM/Air Liberté

This content was published on Jul 19, 2001 Shares rose strongly on speculation that the court might allow Swissair to sell its stake. At the closing of the Swiss stock exchange, Swissair shares were up by 10.83 per cent at SFr133. Shares in Swissair started to recover last week when executive chairman Mario Corti announced plans for cost cutting measures to improve on…

Zurich launches Switzerland’s first women’s map

This content was published on Jul 19, 2001 “We decided to draw up a map of Zurich to show where women can go to do their shopping, where beauty centres are or where to go to receive counselling,” says Maya Kipfer, one of the map’s designers. On the list are cinemas and medical centres catering exclusively for women, as well as Zurich’s only…

EU and Switzerland tackle customs fraud

This content was published on Jul 19, 2001 Cross-border crime and fraud are among the most controversial issues under discussion between Switzerland and the 15-member EU. Brussels wants the Swiss to clamp down on cigarette smuggling, which is treated as a customs offence in Switzerland. Daniel Eckmann of the Swiss finance ministry said Switzerland was prepared to help find a solution swiftly to…

Geneva bank cuts workforce by ten per cent

This content was published on Jul 19, 2001 Spokesman Michael Wiley, confirming a report in the Swiss-French newspaper “Le Temps”, said on Thursday that the bank expected to end the year with some 920 staff worldwide, down from 1,010 at the end of 2000. But he added that there would be few actual lay-offs as the bank’s natural turnover was around ten per…

Novartis wins rights to Dr Reddy drug

This content was published on Jul 19, 2001 The Swiss life sciences giant said in a joint statement with Novo that the drug, an original research product of the Hyderabad-based Dr Reddy’s Labs, is codenamed NN622. Analysts say that it shows strong promise in combating diabetes, by simultaneously lowering lipids and sensitising the body’s insulin receptors to the circulating hormone. Under the agreement,…

New York moots ban on Swiss blood

This content was published on Jul 19, 2001 The city of New York is mooting a recommendation by the US Food and Drug Administration (FDA), which called for blood imports from Switzerland and Europe to be stopped. The FDA says there is a risk that the human form of BSE, known as variant Creutzfeld-Jakob disease (vCJD), could reach US shores. Only New York…

Core orders up at Sulzer

This content was published on Jul 19, 2001 The Swiss group said on Thursday that it took in total orders worth SFr2.19 billion ($1.26 billion), unchanged from the year before. Orders at businesses being discontinued were down 21 per cent at SFr1.12 billion. Analysts had expected a steep 40 to 50 per cent increase in growth in the core businesses, given the recent…

Transportation of hazardous substances to be made safer in Switzerland

This content was published on Jul 19, 2001 The measures, which come into effect in August, will apply to goods transported by rail, road, and waterways. They concern both existing and future infrastructures. The guidelines will allow the office to stamp the shipment of hazardous material as either “unacceptable”, “problematic” or “acceptable”. Authorities in charge of the operation will be responsible for the…

Retail sales edge up despite economic slowdown

This content was published on Jul 18, 2001 The Federal Statistics Office said sales of shoes, textiles and clothing grew by 3.1 per cent, ending a series of very weak months. Sales of food, drink and tobacco products grew by a more modest 0.7 per cent. “The May figures are favourable, particularly in view of the fact that there was one less shopping…

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Warm welcome for Swiss president in Estonia

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Swissair shares take off ahead of French court ruling on AOM/Air Liberté

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Zurich launches Switzerland’s first women’s map

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EU and Switzerland tackle customs fraud

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Geneva bank cuts workforce by ten per cent

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Novartis wins rights to Dr Reddy drug

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New York moots ban on Swiss blood

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Core orders up at Sulzer

More

Transportation of hazardous substances to be made safer in Switzerland

More

Retail sales edge up despite economic slowdown

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