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Corti accuses banks of conspiring to sink Swissair

This content was published on Oct 5, 2001 In an interview with the Neue Zürcher Zeitung (NZZ) on Friday, Corti said UBS had promised to keep Swissair’s cash pool facility open until the end of October, but axed the airline’s funds a week ago. At the same time, the two banks put forward a partial “rescue” plan for the ailing airline, under which…

Jobless rate holds steady

This content was published on Oct 5, 2001 Last month the number of people registered as unemployed edged up slightly to 62,170 from 61,079 in August. That compares with the 62,329 who were out of work in the same period last year, Seco said in a statement released on Friday. The small increase seen in September was not enough to shift the headline…

Swissair to get half its fleet airborne

This content was published on Oct 5, 2001 In a statement on Friday, Swissair said it was planning 46 long-haul flights, and 91 within Europe. However, a spokesman said it was still not possible to say when normal services would be resumed. He added that the flight programme for the weekend had yet to be decided. After being grounded for two days because…

Shareholders frustrated as Swissair leaves SMI

This content was published on Oct 5, 2001 Trading of Swissair Group shares had been suspended for two days and after resuming on Wednesday morning, the share price fell 97 per cent to SFr1.40 within a few minutes. Last Friday, the share price closed at SFr41.05. As recently as January, the share price stood at SFr262. The collapse of the Swissair Group’s share…

Dynamite fails to reduce the Grimsel’s “Sword of Damocles” to dust

This content was published on Oct 4, 2001 According to the geologist Ueli Gruner, only 100,000 cubic tonnes of rock came down, but the full results of the operation are not expected to be available until Monday. The explosion, which attracted 1,500 spectators, cost around SFr3.5 million. Specialists spent three months drilling eight kilometres of holes to carry the explosive charges. swissinfo with…

Experts move mountains in Interlaken

This content was published on Oct 4, 2001 Mountains account for a quarter of the Earth’s total land area. They supply water to half the world’s population and are often areas of outstanding natural beauty with a high degree of cultural diversity. Yet mountain communities are often disadvantaged – financially, socially and politically. “One way of helping community development in mountainous regions is…

Swissair crisis threatens to derail economic liberalisation

This content was published on Oct 4, 2001 The airline was forced to ground all of its flights this week, leaving thousands of passengers stranded. After days of chaos, the government intervened to provide a SFr470 million credit line to Swissair so it could keep flying until the end of the October, when the bulk of its operations are due to be taken…

Historic diaries of Swiss politician Feldmann published

This content was published on Oct 4, 2001 Feldmann, who was born in 1897, gained prominence as an outspoken journalist and politician. He was a member of the federal parliament in the 1930s for the Bauern- und Gewerbepartei (BGB), a conservative party in canton Bern that represented farm and small business interests – it later became the People’s Party. Deemed too critical of…

Think tank cuts Swiss economic forecast

This content was published on Oct 4, 2001 The Zurich Federal Institute of Technology’s Economic Research Unit (KOF) says in its autumn statement that Gross Domestic Product should expand by 1.9 per cent this year. It forecast a further slowdown to 1.7 per cent in the following year before accelerating to 2 per cent in 2003. KOF’s report says that exports are expected…

Swiss Federal Railways abandons plans for British expansion

This content was published on Oct 4, 2001 The British government is considering changes to the way the country’s railway network is run in the wake of a series of accidents that have undermined public confidence in the system. The transport minister, Stephen Byers, has extended the current concessions by two years while he looks at different possibilities. Most companies will now run…

Internal: Archive

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Internal: Archive

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Corti accuses banks of conspiring to sink Swissair

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Jobless rate holds steady

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Swissair to get half its fleet airborne

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Shareholders frustrated as Swissair leaves SMI

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Dynamite fails to reduce the Grimsel’s “Sword of Damocles” to dust

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Experts move mountains in Interlaken

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Swissair crisis threatens to derail economic liberalisation

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Historic diaries of Swiss politician Feldmann published

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Think tank cuts Swiss economic forecast

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Swiss Federal Railways abandons plans for British expansion

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