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Swiss cities among the world’s most expensive

This content was published on Sep 13, 2000 The study, released on Wednesday, comes a day after the World Bank said Switzerland was still the richest country on earth, with per capita income well ahead of that in the United States. The UBS survey placed Tokyo at the top of the list for prices and wages in a comparative study of 58 cities.…

Government refuses fuel tax reductions

This content was published on Sep 13, 2000 The government spokesman, Achille Casanova, said on Wednesday that there was no threat to petrol supplies in the country, or a risk of shortages in the near future. He acknowledged that the price increase for fuel would affect consumers. But he pointed out that petrol and heating oil in Switzerland were still among the cheapest…

Swiss cinemas pass economic screen test

This content was published on Sep 13, 2000 The report, the first detailed study of the economic state of the industry, says that in 1998 tax receipts from the film industry amounted to Sfr75 million, while subsidies totalled less than half that. It points out that 1,300 enterprises employed 4,700 full-time staff in the sector, creating indirect revenues of Sfr285 million as well…

Out & About in Switzerland: The cows come home

This content was published on Sep 13, 2000 Nowhere is the return of the cows such a colourful affair as in the eastern region of Appenzell, where many towns and villages hold their annual cattle fairs. Farmers, in traditional costume, lead their herds into the town squares where the cows are judged for their beauty. A wreath of paper flowers is tied to…

ABB continues efforts to re-focus business

This content was published on Sep 13, 2000 Analysts say the move is a further step in the company’s strategy of focusing on high-margin technology businesses. The cost of the deal was not disclosed. Cellier designs and installs production units as well as industrial process and control systems for the paper, lubricants, paint, oil and chemical industries. It also delivers software that allows…

Swiss Re profit soars

This content was published on Sep 13, 2000 In a statement, the company said it expected “very positive” results for the year as a whole. It said there were two main factors behind the latest figures. First, the surge in profit reflected a 22 per cent rise in investment income to SFr5.6 billion, mainly due to capital gains as Swiss Re shifted into…

Holders of dormant accounts to benefit most from Holocaust fund

This content was published on Sep 12, 2000 The distribution plan, drawn up by a “Special Master” of the New York district court handling the fund, has earmarked some $800 million for holders of dormant accounts in Swiss banks. Also eligible are people forced to work as slave labourers in Swiss firms in Germany during the Second World War, as well as refugees…

Swiss astronomer among winners of Balzan Prize

This content was published on Sep 12, 2000 The Milan-based foundation announced on Tuesday that Mayor will be honoured with a SFr500,000 award for Instrumentation and Techniques in Astronomy and Astrophysics. Mayor was praised by the Balzan Foundation for “his achievements in making it possible to detect the first planet around a star other than the Sun”. Other researchers rewarded for their work…

Stress costs Swiss economy billions every year

This content was published on Sep 12, 2000 The survey, published by the economics ministry on Tuesday, said the damage caused by stress could go up to at least SFr8 billion if accidents and work-related illness are included. The results are based on interviews of 150 employees in the French-speaking part of Switzerland. Alain Kiener, head of the occupational health department at the…

Swiss franc hits historic high against ailing euro

This content was published on Sep 12, 2000 The franc is now at its highest level against the German mark – one of the currencies the euro is replacing – for more than two decades. The euro fell to a low of SFr1.5168 in late Asian trading. Against the dollar it sank to $0.8583. By the end of trading in London on Tuesday,…

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Swiss cities among the world’s most expensive

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Government refuses fuel tax reductions

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Swiss cinemas pass economic screen test

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Out & About in Switzerland: The cows come home

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ABB continues efforts to re-focus business

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Swiss Re profit soars

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Holders of dormant accounts to benefit most from Holocaust fund

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Swiss astronomer among winners of Balzan Prize

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Stress costs Swiss economy billions every year

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Swiss franc hits historic high against ailing euro

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