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Traffic builds up around Gotthard Tunnel

This content was published on Apr 7, 2001 On Friday, a 12-kilometre tailback at the northern entrance to the tunnel led to even longer delays. The traffic flow has improved on the situation one week ago, when more than 850 trucks were blocked on the road heading towards the Chiasso frontier post on the border with Italy. Last week, the Swiss government announced…

Swiss bank tells staff to tighten their belts

This content was published on Apr 7, 2001 Bosses at CSFB were reported to have sent a memo to colleagues saying: “Given current market conditions, try to keep dinners below $10,000, particularly when no travel is involved.” CSFB refused to comment on the report in Britain’s Financial Times newspaper, which says that the bank has also ordered employees to put a stop to…

Swiss mudslide village offered cruise by Greek tycoon

This content was published on Apr 6, 2001 Georges Poulides, chairman and chief executive of Festival Cruises, issued the invitation to the 150 inhabitants of Gondo as a gesture of solidarity. He said he had driven through the village on many occasions on his way to the nearby resort of Crans Montana. Around 90 villagers seemed keen to take up the offer. They…

Swiss NGO guarantees fair deal for carpet makers

This content was published on Apr 6, 2001 Step says there are now 32 companies in Switzerland which adhere to its code of conduct. Their sales account for 25 per cent of the Swiss market, and they sell a total of 90,000 square meters of oriental carpets a year. Step’s efforts to improve the living and working conditions of carpet makers involve random…

Swiss firm to participate in building of new Ariane rocket

This content was published on Apr 6, 2001 Under the deal with Arianespace, Contraves Space is to produce eight payload fairings per year for the new Ariane 5 heavy-lift launcher. The satellites are due to be sent into orbit starting this summer. The Zurich firm has a long history of links with European space programmes. It developed the payload fairings for the first…

Europe’s longest wooden bridge opens on Lake Zurich

This content was published on Apr 6, 2001 The new footbridge provides walkers with a welcome respite from the noise and fumes of the 23,000 vehicles which cross the lake daily between Rapperswil and Hurden. But the new walkway provides more than a break from pollution – it provides access to the “Heilig Hüsli”, a small chapel on an island near Rapperswil which…

Healthy outlook for Swisscom ahead of results

This content was published on Apr 6, 2001 Although analysts expect net profit to come in at around SFr3 billion ($1.78 billion) the result will be largely due to extraordinary factors such as the sale of its Cablecom division. Analysts will be keener to look at the operating result, which will give a better picture of the company’s underlying strength. That is likely…

Networking boosts gay business and confidence

This content was published on Apr 6, 2001 Founded in 1995, Network is a nationwide body with 250 members and another 50 gay men waiting to join. Its members hold weekly get-togethers in Zurich, Bern, Basel and Lucerne. Members living in the French-speaking part of the country alternate their meetings between Geneva and Lausanne. Network was set up after a group of gay…

Swisscom set to dominate pre-Easter trading

This content was published on Apr 6, 2001 Analysts are expecting Swisscom to reveal a net profit of around SFr3 billion ($1.78 billion) on Tuesday. The increase is due mainly to extraordinary gains such as the sale of its Cablecom division last year. Analysts will also be keen to see how the company plans to focus its business over the coming year as…

The business week in Switzerland

This content was published on Apr 6, 2001 Massive losses had been expected at SAirGroup, but investors still rushed for the exits after the group confirmed on Monday that it had lost SFr2.9 billion ($1.71 billion) last year. Pledges by the new chairman and chief executive, Mario Corti, that he would steer the company back into profit failed to calm investors’ nerves. The…

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Traffic builds up around Gotthard Tunnel

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Swiss bank tells staff to tighten their belts

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Swiss mudslide village offered cruise by Greek tycoon

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Swiss NGO guarantees fair deal for carpet makers

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Swiss firm to participate in building of new Ariane rocket

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Europe’s longest wooden bridge opens on Lake Zurich

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Healthy outlook for Swisscom ahead of results

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Networking boosts gay business and confidence

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Swisscom set to dominate pre-Easter trading

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The business week in Switzerland

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