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Economic growth expected to slow in first half

This content was published on Feb 8, 2001 “The Swiss economy still continues on a clearly expansionary path but the tempo should slow in the course of 2001,” the KOF said on Thursday. The survey of about 5,000 companies in January showed that its indicator for overall industrial activity continued at the same high levels seen for roughly the past nine months. The…

Swiss banks square up for battle to defend banking secrecy

This content was published on Feb 8, 2001 Speaking at a news conference in Zurich, the Association’s chairman, Georg Krayer, said Switzerland had to defend its interests as a financial centre against “all-too-transparent demands” from the EU. EU countries are seeking to prevent their citizens from investing abroad without declaring income interest to tax authorities. In particular, they are seeking ways to exchange…

Consumer confidence at 10-year high

This content was published on Feb 8, 2001 SECO’s quarterly survey of some 1,100 households shows that consumer confidence rose to plus 25 points, matching the record peak of January 1989. The index, published on Thursday, is watched closely by economists to gauge whether consumer demand will remain an engine for growth. In a statement, SECO said households continued to view expected economic…

Novartis ordered to pull advert for breast cancer drug

This content was published on Feb 8, 2001 In a letter to Novartis, the US Food and Drug Administration (FDA) said an advertisement for the recently approved hormone drug, “Femara”, claimed the medication could treat illnesses for which it was not certified. It said the advertisement, which appeared in the medical journal, “Oncology”, failed to explain clearly the treatment for which “Femara” had…

Mikron to close Norway plant with loss of 400 jobs

This content was published on Feb 8, 2001 The redundancies and closure of the Loerenskog plant near the capital, Oslo, are part of a restructuring plan announced by Mikron two weeks ago. Mikron is transferring production capacity from the plant to high-demand markets in Asia and South America. Production machinery from Loerenskog is for the most part to be reused and moved to…

Strong result for Unaxis after first year of business

This content was published on Feb 8, 2001 Unaxis said on Thursday that turnover in its Information Technology division soared by 79 per cent to SFr1.195 billion. A statement from the company’s headquarters in Zurich said orders received in 2000 had risen by 52 per cent to SFr3.732 billion. It added that Unaxis plans to float or sell off two business units this…

Swiss researchers collaborate with British companies

This content was published on Feb 7, 2001 The event in Zurich and Lausanne provides an opportunity for the British to gain an insight into the latest Swiss developments in micro and nano technologies with a focus on potential applications in the life sciences. British Ambassador to Switzerland, Christopher Hulse, said international technology transfer and technical collaboration were the key to future economic…

New academy probes social impact of sport

This content was published on Feb 7, 2001 The International Academy of Sports Science and Techniques (AISTS) is a tangible sign of how sport has encroached into a whole range of other fields, from commerce to medicine, from psychology to law, and aroused the interest of disciplines which until recently were not associated with it. “This academy is an integrated response to a…

Income up but outlook less optimistic at Unilabs

This content was published on Feb 7, 2001 The group says the acceleration of growth in the second half of its financial year is down to strong internal expansion and the start of new hospital laboratory contracts. It expects full year revenue to rise by 15 to 20 per cent to between SFr190 and SFr200 million. However, shares in the group have come…

IT heavyweights show off their wares at Internet Expo

This content was published on Feb 7, 2001 The Expo, known as “iEX”, is one of the largest of its kind in Europe, and focuses on Internet products and services for corporate management, IT professionals and webmasters. Last year, nearly 50 per cent of visitors to the fair were employed in the Internet sector. Some of Switzerland’s biggest corporate names are participating in…

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Economic growth expected to slow in first half

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Swiss banks square up for battle to defend banking secrecy

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Consumer confidence at 10-year high

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Novartis ordered to pull advert for breast cancer drug

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Mikron to close Norway plant with loss of 400 jobs

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Strong result for Unaxis after first year of business

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Swiss researchers collaborate with British companies

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New academy probes social impact of sport

More

Income up but outlook less optimistic at Unilabs

More

IT heavyweights show off their wares at Internet Expo

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