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EasyJet’s Stelios tells Swissair to get out of shorthaul

This content was published on May 24, 2001 “The only hope for a company like Swissair is to concentrate on its core competences and its core brand of values, which is an expensive service, a business class service, offering connecting flights through Zurich, its main hub, and to get out of the regional European market and the charter airlines,” explained Stelios. Stelios, who…

Holidays bring traffic standstill

This content was published on May 24, 2001 Holiday-makers heading south through the Gotthard tunnel are facing a 13 kilometre tailback, as the two-lane motorway, which cuts through the Alps, finds itself unable to cope with the increased number of vehicles. Motorists are having to add up to four hours to their journey time as they wait to pass through the tunnel, which…

Swissair Group appoints new finance boss

This content was published on May 23, 2001 She is 40-year-old Jacqualyn Fouse from the United States, who is currently group treasurer of the Nestlé food concern in Vevey, western Switzerland. Fouse, who has been with Nestlé since 1986, will assume her new position on July 1, a Swissair Group statement said on Wednesday. She will be the first woman to serve on…

Cabinet gives green light for animal-to-human transplants

This content was published on May 23, 2001 The interior ministry said that, from July 1, the Federal Health Office would begin accepting applications from researchers wanting to experiment with animal-to.-human transplants. The move brings Switzerland into line with other European countries. The new rules will remain in place until 2004, when Switzerland is due to adopt a new transplantation law. Under the…

Holcim set to take control of Indonesian cement maker

This content was published on May 23, 2001 PT Semen Cibinong, which is Indonesia’s third largest cement maker, said Holcim was likely to end up with three quarters of its shares. “After the completion of the whole debt restructuring, Holcim may end up with 75 per cent of the company… because at the end of the restructuring, Holcim will buy all Tirtamas Majutama’s…

First quarter loss for Think Tools

This content was published on May 23, 2001 The company announced on Wednesday a net loss of SFr4.2 million ($2.38 million) in the first quarter of 2001 compared to a profit of SFr1.4 million in the same period last year. “Think Tools does not expect to return to profitability in the second quarter of 2001. Currently sales are not certain to reach last…

Distefora posts big losses

This content was published on May 23, 2001 The company’s operating loss came in at SFr143.1 million ($80.6 million)in 2000, compared to a loss of SFr24.1 million in 1999. The consolidated net loss was SFr31.2 million after a profit of SFr8.2 million in the previous year. Distefora said in a statement that its total asset value had increased to SFr559.2 million from SFr253.5…

Swiss woman close to reaching summit of Everest

This content was published on May 23, 2001 The climbing team are intending to exploit a “window” of good weather to make a final push for the peak. Binsack says this will be the “only chance” her team will have of reaching the 8,850-metre summit because weather conditions are expected to deteriorate at the end of the week. Early May is the best…

Switzerland signs treaty banning pesticides

This content was published on May 23, 2001 “Switzerland understands full well that the majority of environmental problems cannot be addressed by individual countries so we need to have international cooperation to address the issue of toxic chemicals,” Beat Nobbs, head of the delegation in Sweden, told swissinfo. The hit-list includes toxic chemicals such as DDT, PCBs, dioxins and furans, as well as…

Swiss propose withholding tax on residents’ income of EU citizens

This content was published on May 22, 2001 The EU finance commissioner, Frits Bolkestein, described the proposal as a big step forward. He made the statement in Bern on Tuesday, following talks with Villiger. Bolkestein said Switzerland and the EU shared a common interest in cracking down on citizens trying to dodge taxes by stashing funds away in offshore accounts, including Switzerland. He…

Internal: Archive

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Internal: Archive

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EasyJet’s Stelios tells Swissair to get out of shorthaul

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Holidays bring traffic standstill

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Swissair Group appoints new finance boss

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Cabinet gives green light for animal-to-human transplants

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Holcim set to take control of Indonesian cement maker

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First quarter loss for Think Tools

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Distefora posts big losses

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Swiss woman close to reaching summit of Everest

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Switzerland signs treaty banning pesticides

More

Swiss propose withholding tax on residents’ income of EU citizens

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