Internal: Archive

Rock laboratory seeks safe answer to radioactive waste

This content was published on Aug 3, 2001 The Grimsel test site lies 450 metres under the Juchlistock in the granite rock of the Bernese Oberland. The tunnel system is about a kilometre long and was opened in 1984. Organisations from Germany, France, Japan, Spain, Sweden, Taiwan and the USA, as well as the European Union, participate in the programme. The partner organisations…

Former Swissair Group heads called to pay damages

This content was published on Aug 3, 2001 Heitz on Friday confirmed a report that he was calling on the former chief executive officer, Philippe Bruggisser, and several directors of the board to pay compensation for being responsible for the group’s current financial problems. The Swissair Group in April reported losses last year of SFr2.9 billion. Among the directors being called to task…

ABB buys stake in Swedish software company

This content was published on Aug 3, 2001 Under terms of the deal, ABB has acquired 3.7 per cent of IFS, which represents 1.8 per cent of the voting rights, through a direct share issue. A statement from the group’s headquarters in Zurich said the investment by ABB New Ventures strengthened an existing technical and commercial alliance between ABB and IFS. For more…

BZ Group sells stake in Pirelli

This content was published on Aug 3, 2001 A statement on Friday from Pirelli headquarters in Milan said the sale was carried out for “technical reasons” in the interests of BZ shareholders, given the temporary weakening of Pirelli shares. The statement quoted Ebner as saying he continued to support the group. “We confirm our unwavering confidence in and our full support for the…

Bob Lutz returns to the car industry

This content was published on Aug 3, 2001 General Motors in Detroit has announced that the 69-year-old son of a Swiss banker will be responsible for product development from September 1. Lutz worked at General Motors, BMW, and Ford before joining Chrysler in the mid-1980s under the chairmanship of the celebrated Lee Iacocca. His partnership with Bob Eaton at Chrysler is widely regarded…

Switzerland records hottest day of year

This content was published on Aug 2, 2001 The hottest places in the country turned out to be Chur, where a temperature of 33.7 degrees was recorded, and Basel, where thermometers nudged 33.6 degrees. The Swiss meteorological office also reported temperatures of just under 33 degrees in various parts of canton Valais. However, the office said Thursday’s unusually high temperatures would also herald…

More than 200 jobs to go at Nortel in Zurich

This content was published on Aug 2, 2001 Following a massive profits warning and a dismal performance on the markets the Canadian firm announced that it was reducing its global workforce by a total of 30,000 positions. The Zurich factory will continue to operate with just 175 employees for the next six months at least, explained the spokesman on Thursday. It was only…

One in three planes delayed at Geneva airport

This content was published on Aug 2, 2001 The European Airline Association says 30.4 per cent of all planes taking off from Geneva’s Cointrin airport are delayed. Philippe Roy, spokesman for AIG, said the airport authority would not dispute the figures, which were published in the American magazine “Time”. However, to find out the real extent of the delays, it would be necessary…

“Code Red” worm threat remains

This content was published on Aug 2, 2001 Free software squashes worm Computer experts saw no immediate effect from the virus-like “Code Red” worm, which has struck twice before, and Swiss internet sites remainedlargely unscathed. This could partly be due to the fact that computer users were better prepared this time as Microsoft has distributed a free software programme on the internet to…

Swissfirst boosts profits and stake

This content was published on Aug 2, 2001 “Based on what we know, very good results can be expected and Swissfirst’s growth targets should be able to be attained,” Swissfirst said in its outlook for the full year. The Swiss financial services group said on Thursday it had also increased its stake in Bank Wengelin (Liechtenstein) by 27.5 per cent to 52.5 per…

Internal: Archive

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