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UBS facilitated loan to bankrupt sports firm

This content was published on May 28, 2001 But the bank said it was fully covered against potential losses from its exposure which, it says, amounts to tens of million of francs. A spokeswoman said the loan had already been included in the bank’s first quarter results. “UBS and BNP Paribas co-arranged a syndicated loan of SFr277 million and the exposure of UBS…

Final report on Swissair crash not expected before 2002

This content was published on May 28, 2001 Canadian investigators say so much work still remains to be done that the final report into the tragedy will not be ready until 2002 at the earliest. The Transportation Safety Board of Canada (TSB) told the Canadian Press news agency that the complexity of the investigation meant it was taking a long time to gather…

Housing construction market weakens

This content was published on May 28, 2001 Compared to the first quarter of 2000, construction fell three per cent in the first three months of the current year to 7,100 completed units. However, the number of units under construction increased by one per cent to 35,300. And practically all communities saw an increase in units under construction, especially those with populations between…

Novartis plans to dominate US cancer drug market

This content was published on May 27, 2001 Analysts believe the drug, which is used to treat chronic myeloid leukaemia, has a market potential of around $400 million (Sfr710 million). In an interview with the French language “Dimanche.ch”, David Epstein, head of Novartis’ cancer research unit, said the company was ready to make a big impact on the American market. “Up until now,…

Berg bids for top businesswoman title

This content was published on May 27, 2001 Although German-born, Berg, went through high school education in Switzerland before studying Business Administration at the University of St Gallen. “I’ve always found business interesting,” Berg told swissinfo. “That comes from my family background as both my parents were entrepreneurs, they had their own businesses. If you come in touch with this sort of environment…

Army helicopter crash claims fourth victim

This content was published on May 26, 2001 The pilot of the Swiss army Alouette III and two other border guards were found dead at the scene, seven kilometres from the town of Delémont. The one survivor of the accident was taken to hospital in Basel in a serious condition but he died during the night. The defence ministry said the helicopter, which…

Chestnuts provide food for thought in Ascona

This content was published on May 25, 2001 Organisers of the conference insist that the importance of the chestnut tree and the edible fruit it bears should not be underestimated. “Chestnuts are important throughout the whole Mediterranean,” said Ursula Heiniger of the Swiss Federal Research Institute WSL. “For some countries the nut is economically important as an export, while for others the tree…

Fears raised over baby-making technology

This content was published on May 25, 2001 Professor Thomas Hoban, from North Carolina State University, said governments in Europe and the United States had failed to get to grips with the immense implications of genetic science. Hoban, who has researched how the new technologies will affect society, said the issue which caused him most concern was scientists’ ability to modify human evolution.…

The islands of Switzerland

This content was published on May 25, 2001 Entitled “Islands of Switzerland: Dream and Reality”, the book is a geological and cultural history of the islands – the first such book to be published – as well as a guide for visitors. Among the best known are the picturesque isle of Brissago on Lake Maggiore and St Peter’s island on Lake Biel, where…

Summer begins with the long march to the Alp

This content was published on May 25, 2001 It’s up to the dairyman to decide when conditions are right to move the herds. Depending on the region, the cows are first driven to pastures in the lower pre-Alps, usually in late May, where they spend a few short weeks before being moved to higher ground in the Alps proper. The latter procession is…

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UBS facilitated loan to bankrupt sports firm

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Final report on Swissair crash not expected before 2002

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Housing construction market weakens

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Novartis plans to dominate US cancer drug market

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Berg bids for top businesswoman title

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Army helicopter crash claims fourth victim

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Chestnuts provide food for thought in Ascona

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Fears raised over baby-making technology

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The islands of Switzerland

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Summer begins with the long march to the Alp

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