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The business week in Switzerland

This content was published on Feb 9, 2001 Sabena’s future still hangs in the balance after SAirGroup and the carrier’s other shareholder, the Belgian government, postponed a decision on a rescue plan for the ailing company. Sabena’s co-owners will meet again in two weeks to decide the carrier’s fate. Meanwhile, Sabena will continue to operate normally and talks between unions and management will…

Campaign seeks to stop use of St Bernards for meat in China

This content was published on Feb 9, 2001 Eleonore Moser, a Geneva-based animal rights campaigner, collected 11,000 signatures from St Bernard breeders and owners all over the world to raise awareness of the treatment of these quintessentially Swiss animals. Moser wants Bern to put pressure on the Chinese government to shed light on the practices in breeding centres that intensively rear St Bernards…

Lausanne firm pushes back boundaries of virtual architecture

This content was published on Feb 9, 2001 The award-winning company was formed in 1997 by two architects, Christophe Guignard and Patrick Keller, and a telecom engineer, Stéphane Carion. “Alternet Fabric is a confluence between architecture, art and technology. We try to use these difference approaches to the same object in our projects,” says Guignard. The architects, engineers, graphic designers and computer graphics…

Switzerland launches free trade talks with Singapore

This content was published on Feb 9, 2001 Couchepin and Singapore’s trade and industry minister, George Yeo, formally announced the beginning of “exploratory talks” at a meeting on Friday. Singapore is seeking an accord to boost exchanges with Europe and to reduce its dependence on the United States, which still takes most of its exports. The downturn in the US economy is likely…

Swiss bank loses role as Russian government adviser

This content was published on Feb 9, 2001 Russia’s Federal Property Fund appointed CSFB last year to advise on the sale of a six per cent stake in Lukoil. The sale would leave the government with a residual eight per cent stake in the company. But Dmitry Mazepin, the Fund’s deputy head, said the Russian government had decided to sack CSFB because it…

Slackening export growth for chemicals and pharmaceuticals

This content was published on Feb 9, 2001 The Swiss Society of Chemical Industries in Zurich said on Friday that exports last year had risen by 5.6 per cent to reach SFr35.9 billion (21.76 billion). In a statement, the Society said the slowdown meant that the share of the chemical and pharmaceutical industries in total Swiss exports had fallen to 26.4 per cent…

Mettler-Toledo’s profits rise by half

This content was published on Feb 9, 2001 Mettler-Toledo’s profits rise by half¶ The Mettler-Toledo company, a world leader in the production of precision instruments, boosted profits in 2000 to over $70 million (SFr115.7 million), a rise of 45.8 per cent. However, in a statement from its headquarters in Greifensee in canton Zurich, the company said turnover had risen only slightly, by 2.9…

Speed and security dominate Internet Expo

This content was published on Feb 8, 2001 Speed and security are this year’s themes. “We know that people don’t want to send credit card numbers over the Internet,” said Hans-Werner Grotemeyer, head of New Business Development at yellowworld, a daughter company of Swiss Post. “We offer retailers the opportunity to install our checkout system so that the moment clients decide to buy…

Zurich shares take hammering on lower profit warning

This content was published on Feb 8, 2001 The share price tumbled by eight per cent on the Zurich Stock Exchange in early trading, but recovered only slightly by the time the market closed. In a statement, Zurich said the weaker profits were down to an unexpected reserve strengthening for reinsurance and exceptionally severe weather-related claims. However, it added that earnings per share…

Keeping to traditions in Appenzell

This content was published on Feb 8, 2001 Artist Markus Fischli is restoring a painting on an antique cabinet. At 80 years of age, he still works five to six hours a day. Fischli is one of Appenzell’s master “peasant art” painters. His work is showcased in a gallery he’s set up beside his atelier in the well-preserved town of Appenzell. Like most…

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The business week in Switzerland

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Campaign seeks to stop use of St Bernards for meat in China

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Lausanne firm pushes back boundaries of virtual architecture

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Switzerland launches free trade talks with Singapore

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Swiss bank loses role as Russian government adviser

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Slackening export growth for chemicals and pharmaceuticals

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Mettler-Toledo’s profits rise by half

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Speed and security dominate Internet Expo

More

Zurich shares take hammering on lower profit warning

More

Keeping to traditions in Appenzell

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