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Moody’s reaffirms top credit rating for Nestlé

This content was published on May 3, 2001 Moody’s confirmed the “Aaa” senior long-term debt ratings of Nestle. It added that, once the Ralston Purina takeover is complete, it will raise that company’s senior long-term debt rating to Aaa from A3 and its short term rating for commercial paper to Prime-1 from Prime-2. Moody’s Investors Service is a leading global credit rating, research…

Good start to year for Tecan

This content was published on May 3, 2001 The canton Zurich-based group is active in the fast-growing life sciences supply industry. “Our overall sales performance to date not only reflects our strengths in diagnostics and drug discovery but also confirms the merits of our business strategy to expand into the high-growth markets of genomics and proteomics,” said Tecan chief executive Emile Sutcliffe. “For…

Cabinet gives green light to army reform

This content was published on May 3, 2001 The cabinet is standing firm on an annual budget of SFr4.3 billion a year from 2003 and has already rejected a less expensive option. The annual budget marks the government’s commitment to the overhaul of Switzerland’s militia-based army, with a total investment of SFr29 billion over the next 15 years. Urban Siegenthaler from the Defence…

Walking Switzerland in a day

This content was published on May 3, 2001 The path was created in 1991 as part of Switzerland’s celebrations to mark the 700th anniversary of the pact that gave birth to the Swiss Confederation. The events on May 5 begin at the boat landing in Flüelen on the southern arm of Lake Lucerne. There will be competitions, clowns and alphorn players and special…

Employers’ organisation urges cut in corporate taxes

This content was published on May 2, 2001 At its annual press conference in Bern, economiesuisse – formerly known as “Vorort” – called for a one per cent reduction in taxes on corporate profits, which would save the business community around SFr600 to SFr700 million ($347 to $405 million) per year. It also urged the government to sell its remaining majority stake in…

Intelligent “spaces” usher in Swiss Science Week

This content was published on May 2, 2001 Gulliver’s creators, at the University of Zurich, hope the space will make people feel more comfortable with “smart technology” and encourage them to think about the future impact of interactive technology on society. Gulliver will eventually be displayed at Switzerland’s national exhibition, Expo.02, under the name of Ada. The futuristic project is the brainchild of…

World Economic Forum boss steps down

This content was published on May 2, 2001 WEF communications chief, Charles McLean, said Smadja’s decision had come as something of a surprise, although it was known that he had been thinking of leaving. He said Smadja would continue to act as a consultant to the WEF: “Claude will become an independent consultant, and we will certainly be one of his main clients.”…

Festival aims to bring science to the people

This content was published on May 2, 2001 From Geneva to St Gallen and Basel to Lugano, debates, plays, exhibitions and experiments have been organised in ten Swiss cities. Festival director, Daniel de Roulet, told swissinfo the week-long spectacle was designed to promote dialogue. “Normally the scientific community comes out on the street only when they have a big problem or when they…

Swatch chairman Hayek chides stock exchange speculators

This content was published on May 2, 2001 In Swatch’s annual report, released on Wednesday, Hayek described the Zurich exchange as behaving “in a superficial” way. He said speculation in general had led in some cases to absurd situations and a distortion of the international exchanges that could be compared to a game of roulette. However, Hayek said Swatch Group management was “absolutely…

Switzerland to give away more beef

This content was published on May 2, 2001 The money made available by the cabinet is expected to pay for 700 tonnes of beef. It will also provide a much-needed cash injection for the beef industry, which has seen prices for its products fall by around 30 per cent since the crisis. The announcement comes less than three months after the cabinet made…

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Internal: Archive

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Moody’s reaffirms top credit rating for Nestlé

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Good start to year for Tecan

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Cabinet gives green light to army reform

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Walking Switzerland in a day

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Employers’ organisation urges cut in corporate taxes

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Intelligent “spaces” usher in Swiss Science Week

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World Economic Forum boss steps down

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Festival aims to bring science to the people

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Swatch chairman Hayek chides stock exchange speculators

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Switzerland to give away more beef

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