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Race hots up for second national park

This content was published on May 22, 2001 The Matterhorn and Muveran regions in canton Valais, as well the Maderanertal in canton Uri, have expressed their interest in the project, which includes SFr1 million in financial aid. The three other areas – the Bagnes valley in canton Valais, the Locarnese in canton Ticino and the Adula/Rheinwaldhorn area between Ticino and canton Graubünden –…

Swiss tourism enjoys new boom

This content was published on May 22, 2001 The report, released by the state secretariat for economic affairs, showed a five per cent rise in overnight stays in 2000 – a rise not seen since the early 1990s. The tourism trade was badly hit a decade ago by the high value of the Swiss franc, and a general perception that tourism resorts were…

Room for rate cuts in Switzerland

This content was published on May 22, 2001 The IMF forecast, released on Tuesday,said that Switzerland’s economy would grow by just two per cent in 2001, after logging a gain of 3.4 per cent in 2000. However, the IMF said that even this reduced growth forecast could be tempered because it “viewed the growth projection as subject to downside risks from the weakening…

Winterthur moves deeper into Belgium

This content was published on May 22, 2001 Winterthur, which has been active in Belgium for more than 120 years, said the latest move would “strengthen its position in the Belgian non-life insurance market”, ranking it fifth in terms of gross written premiums. Non-life premiums are expected to increase from €341 million to over €500 million. In 2000 the group’s Winterthur-Europe Assurances unit…

Bovine battle to decide queen of Alps

This content was published on May 22, 2001 After a series of battles among the cows belonging to villages across canton Valais, the winners will compete at the cantonal finals in Sion to become queen. The cow fights are always a top draw due to the prestige the winner bestows on its owner and village. The organisers of the Sion event are planning…

French airlines cut 1,300 jobs

This content was published on May 21, 2001 Announcing the job cuts, Marc Rochet, chief executive of AOM/Air Liberté, which is jointly controlled by the Swissair Group and France’s Marine Wendel, said the company was in a “precarious and delicate economic situation”. The airline operator recently declared a net loss of FFr2.4 billion (SFr560 million) for 2000. The company has faced tough competition…

Ralston shareholders approve Nestlé acquisition

This content was published on May 21, 2001 The acquisition, to be subjected to a regulatory review, required the approval of over two-thirds of Ralston’s shareholders. Nestlé’s CEO, Peter Brabeck-Letmathe, said he expected the transaction to be completed by the end of the year. He added that the acquisition would give the consumer “tremendous benefits in innovation, more consumer choice and stronger competition…

Chemists unravel properties of hassium

This content was published on May 21, 2001 Hassium, which is named after the German state of Hessen, is the heaviest element investigated so far. Although German physicists proved the existence of hassium back in the 1980s, scientists have been unable to determine its chemical properties until now. “The reason why this is so difficult has to do with its short half-life,” said…

Swiss know-how adds two metres to America’s highest peak

This content was published on May 21, 2001 An Italian-Argentinian scientific expedition, led by geologist Giorgio Poretti, was dispatched to the Andes Mountains last month to provide the most accurate measurement to date of Mount Aconcagua. The giant peak holds a special place in the hearts of Swiss mountaineers, since the first man to conquer it in 1897 was a mountain guide from…

Ailing Swiss sports marketing company declared bankrupt

This content was published on May 21, 2001 The decision clears the way for the company to be wound up. The presiding judge linked his decision to the failure of the planned takeover of ISMM by France’s Vivendi Universal. ISMM-ISL was the world number one sports marketing company. But the firm, set up in 1982, made a number of bad investments, and had…

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Race hots up for second national park

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Swiss tourism enjoys new boom

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Room for rate cuts in Switzerland

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Winterthur moves deeper into Belgium

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Bovine battle to decide queen of Alps

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French airlines cut 1,300 jobs

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Ralston shareholders approve Nestlé acquisition

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Chemists unravel properties of hassium

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Swiss know-how adds two metres to America’s highest peak

More

Ailing Swiss sports marketing company declared bankrupt

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