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Chernobyl closure leaves poisonous legacy

This content was published on Dec 15, 2000 Engineers at Chernobyl on Friday initiated the final “rapid emergency defence” procedure by slowly lowering nuclear control rods into the plant’s last functioning reactor. The ceremony, attended by the Ukrainian president, Leonid Kuchma, took place in the shadow of the highly radioactive remains of reactor number four, which lies entombed in a concrete sarcophagus. The…

Steaming into the New Year

This content was published on Dec 15, 2000 Santa Claus will help launch the first cruise on December 24, armed with presents for children. For their part, adults will be spoiled by four-course menus while enjoying the winter alpine scenery surrounding the lake. Everything that makes up an original English cream tea, including warm scones and cream, will also be served for four…

Swiss bankers discuss tax and banking secrecy in Brussels

This content was published on Dec 15, 2000 During their two-day visit, the 12-member delegation plans to discuss taxation on cross-border savings and bank customer confidentiality with EU officials. The visit comes as Switzerland and the EU are due to begin negotiations on fiscal savings. The EU has initiated a project aimed at taxing interest earned on foreign savings accounts. The SBA has…

Credit Suisse First Boston under investigation in US

This content was published on Dec 15, 2000 CSFB is one of a number of major financial institutions suspected of flouting the law by charging exaggerated commissions in return for arranging the flotation of shares on the stock market. In a statement on Thursday, CSFB in New York confirmed that it was under investigation in the US. It said market regulators and the…

Geneva paves way for Swiss maternity benefits

This content was published on Dec 15, 2000 Geneva’s cantonal parliament approved the draft law proposed by its social affairs commission. The new law, which envisages 16 weeks paid maternity leave, will come into force in July 2001. Payments will be made only to those mothers who have been working in the canton for at least three months – estimated at around 3,000…

Swiss Holocaust fund approves final payments to victims

This content was published on Dec 15, 2000 The SFr 3.39 million ($1.97 million) award to 4,671 Holocaust survivors brings to and end the processing of claims to the fund. In a statement, the fund’s executive board said the money contributed by Swiss companies, commercial banks and the central bank had been awarded so far to some 307,000 people. The latest allocations will…

The fall-out from Chernobyl is still being felt

This content was published on Dec 15, 2000 On the night of the explosion, radiation over 100 times higher than that caused by the two atomic bombs dropped on Hiroshima and Nagasaki was released into the atmosphere. It sent a radioactive plume across wide areas of Europe. “It was a unique event in human history, and I must stress, we cannot afford to…

Swiss economy looks forward to strong growth

This content was published on Dec 14, 2000 The report, released in Paris on Thursday, says Switzerland’s economic growth in 2000 will be the strongest for 10 years “and is likely to be followed by robust activity in 2001 and 2002”. However, it warns: “Against the background of lacklustre growth in total factor productivity in the 1990s[,] estimates of Switzerland’s longer-term potential growth…

Bush victory fails to impress Swiss markets

This content was published on Dec 14, 2000 Republicans are traditionally seen as the party of big business, and with a welter of Swiss firms doing business in the US, the election result was always going to have an impact on balance sheets in Switzerland. But Andreus Huffert, an economist at Warburg Dillon Reed, told swissinfo that Swiss businesses with US interests were…

OECD warns Central bank to restrain surging currency

This content was published on Dec 14, 2000 In its annual report, published on Thursday, the OECD said Switzerland’s present monetary policy could lead to the franc gaining too much ground against the single European currency. “The present monetary policy stance being broadly appropriate to produce balanced growth, the Swiss National Bank should guard against triggering too sharp an appreciation against the euro.”…

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Internal: Archive

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Chernobyl closure leaves poisonous legacy

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Steaming into the New Year

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Swiss bankers discuss tax and banking secrecy in Brussels

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Credit Suisse First Boston under investigation in US

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Geneva paves way for Swiss maternity benefits

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Swiss Holocaust fund approves final payments to victims

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The fall-out from Chernobyl is still being felt

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Swiss economy looks forward to strong growth

More

Bush victory fails to impress Swiss markets

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OECD warns Central bank to restrain surging currency

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