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Swiss shark expert defends reputation of Great Whites

This content was published on Apr 2, 2001 Ritter, who was born in Zurich and now lives in Miami, regularly swims with sharks to prove they are not the evil creatures portrayed by Hollywood. “Sharks are completely misunderstood,” he said. “Humans are definitely not part of their diet. That’s just a myth. “People are afraid of things they don’t know. Sharks don’t exactly…

SAirGroup may face legal inquiry

This content was published on Apr 2, 2001 The SAirGroup announced on Monday it chalked up losses of SFr2,9 billion ($1.73 billion) last year. Commenting on the figures, a spokesman for the transport ministry, Hugo Schittenhelm, said the results were as bad as had been expected. “We welcome the intention of the management to quickly introduce the measures needed to lead the company…

Novartis acquires leading British pharmaceutical company

This content was published on Apr 2, 2001 In a statement on Monday, Novartis Generics said it had completed its takeover of Lagap from Adcock Ingram Ltd. of South Africa. It did not say how much the deal was worth. Lagap, based in Hampshire, markets generic drugs, which are no longer covered by patents. The company last year achieved sales of £27 million…

SAirGroup boss signals change of strategy amid massive losses

This content was published on Apr 2, 2001 Corti told a news conference in Zurich that the group’s expansion strategy of buying stakes in foreign airlines had failed. SAirGroup made a net loss of SFr2.885 billion ($1.67 billion) in 2000. The company on Monday blamed the group’s investments in Belgian, French and German airlines for most of the huge losses. Corti said a…

Swisscom seals deal with Vodafone

This content was published on Apr 2, 2001 The statement added that the agreement with Vodafone, which is Europe’s biggest mobile communications operator, paves the way for Swisscom Mobile to develop UMTS technology and assures access to the pan-European market of third-generation mobile communications. Vodafone has paid the first tranche of SFr2.2 billion partly in shares and partly in cash (SFr25 million). After…

SAirGroup blames foreign holdings for massive losses

This content was published on Apr 2, 2001 A company statement on Monday blamed the group’s investments in Belgian, French and German airlines for most of the huge losses. It said the group intended to realign its overall business strategy to lay the ground to “substantially enhance” its revenue and earnings performance. It added that the most urgent concern was to reduce the…

Insurance market also in focus this week

This content was published on Apr 2, 2001 Bâloise Insurance of Basel releases its annual results on Thursday and the firm is forecasting a 20 per cent increase in net profit to more than SFr620 million ($367.7 million). Most analysts expect a more modest rise in earnings of around 11 per cent. Bâloise says its good performance is based on its successful asset…

Switzerland notches up wettest March on record

This content was published on Apr 2, 2001 Some parts of the country saw rainy conditions during all 31 days of March. In low-lying areas, 4.5 times as much rain fell as can usually be expected during that period. Cantons Jura and Valais saw the most rain, according to a weather report issued by the Swiss meteorological office, MétéoSuisse. In the lowlands north…

Delays around Gotthard tunnel likely until 2005

This content was published on Apr 2, 2001 Max Friedli, director of the federal transport office, said on Sunday there was not likely to be any ease in the traffic flow on the main A2 road to the tunnel for at least the next four years. “We’ll just have to get used to the sight of long lines of lorries over the next…

SAirGroup reports loss of nearly SFr3 billion

This content was published on Apr 2, 2001 A statement from the company on Monday blamed its investments in Belgian, French and German airlines as largely responsible for what it called “the worst year in the history of the Swissair/SAirGroup’s finances”. The statement added that the Belgian airline, Sabena, in which the group has an almost 50 per cent stake had losses of…

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Swiss shark expert defends reputation of Great Whites

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SAirGroup may face legal inquiry

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Novartis acquires leading British pharmaceutical company

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SAirGroup boss signals change of strategy amid massive losses

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Swisscom seals deal with Vodafone

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SAirGroup blames foreign holdings for massive losses

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Insurance market also in focus this week

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Switzerland notches up wettest March on record

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Delays around Gotthard tunnel likely until 2005

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SAirGroup reports loss of nearly SFr3 billion

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