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Hot air balloons lift Château d’Oex out of winter doldrums

This content was published on Feb 6, 2001 If one had any doubt about what was happening in Château d’Oex, a quick glance into the shop windows would have provided a clue. They were full of postcards, stickers, photographs, toys, pastries, place mats and breadboards, all representing or depicting hot air balloons in various shapes, sizes and colours. Above the resort, against a…

SAirGroup reviews French strategy

This content was published on Feb 6, 2001 The news follows the resignation of the head of the French subsidiary group, Paul Reutlinger, at the weekend. Progress in merging the French units, which were to rival Air France in the French market, was slower than expected, partly due to the resistance of French unions to planned job cuts. SAirGroup also recently called a…

Survey reveals E-commerce growing in Switzerland

This content was published on Feb 5, 2001 The upbeat report on the health of Internet shopping comes at a time when analysts have been lamenting a worldwide decline in e-commerce. According to the survey, carried out by the consultant group Ernst & Young, up to 25 per cent of all book, music, software and video transactions will be carried out on the…

ABB wins power contract for London Underground

This content was published on Feb 5, 2001 The system is to replace a London power station dating from 1905, the company said in a statement on Monday. The order is for five static var compensators (SVCs) which control the voltage and stability in power distribution grids. The system will allow London Underground to draw power from more modern power plants, ABB said.…

Dormant accounts of Einstein and Freud held at Swiss banks

This content was published on Feb 5, 2001 The list of accounts reveals that Einstein, registered as a resident of Germany, holds one or more open or suspended dormant accounts at Swiss banks, which he opened between 1933 and 1945, as does Freud, an Austrian. It is not clear whether any funds are still in these accounts, or why the two men –…

Elcoteq buys Swiss electronics unit from ABB

This content was published on Feb 5, 2001 “The acquisition strengthens Elcoteq’s industrial electronics, which is one of our three focus areas,” the group said in a statement on Monday. It added that the acquisition would nearly double Elcoteq’s industrial electronics business in 2001. The unit, based in canton Aargau, has annual sales of SFr108 million ($65.85 million), Elcoteq said. The statement said:…

Swissair in talks with “oneworld” alliance

This content was published on Feb 5, 2001 Speaking in London on Monday, British Airways chief executive, Rod Eddington, confirmed that talks were underway with Swissair but said it was too early to tell whether the Swiss carrier might join the alliance. “We can rule nothing in, and nothing out,” he told reporters at a press conference. The “oneworld” alliance involves some of…

Budget surplus leaps to SFr4.5 billion

This content was published on Feb 5, 2001 The finance ministry said on Monday that+ the difference was due to exceptional income and did not mean a balanced budget was guaranteed in future. It said the surplus was due to the strong economic growth last year and certain unforeseen events, such as company mergers. Spokesman Daniel Eckmann confirmed the figure for the budged…

EU gives green light to Serono MS drug

This content was published on Feb 5, 2001 The company said the EU had also recommended the treatment as a first-line therapy for patients with relapsing-remitting MS, the most common form of the disease. Serono said the Commission’s approval was based on a four-year study, which provided clinical evidence that a high dose of Rebif administered as early as possible after the onset…

SAirGroup’s Reutlinger resigns

This content was published on Feb 5, 2001 SAirGroup announced that Reutlinger will leave the company, which controls the national flag carrier, Swissair, at the end of the month. Last August, the 57-year-old was appointed head of the subsidiaries AOM, Air Liberté and Air Littoral, after four years at the helm of the Belgian carrier, Sabena. SAirGroup holds a 49 per cent stake…

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Hot air balloons lift Château d’Oex out of winter doldrums

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SAirGroup reviews French strategy

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Survey reveals E-commerce growing in Switzerland

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ABB wins power contract for London Underground

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Dormant accounts of Einstein and Freud held at Swiss banks

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Elcoteq buys Swiss electronics unit from ABB

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Swissair in talks with “oneworld” alliance

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Budget surplus leaps to SFr4.5 billion

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EU gives green light to Serono MS drug

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SAirGroup’s Reutlinger resigns

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