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Nestlé joins Holocaust settlement with SFr25 million contribution

This content was published on Aug 28, 2000 On Monday, Nestlé said it would be contributing SFr25 million to the settlement. The company said its inclusion in the agreement would free it from the threat of future litigation from Holocaust era claimants. The announcement comes just days after a deadline expired for Swiss companies to take part in the settlement. Firms that used…

Parliamentary commission backs banking secrecy

This content was published on Aug 28, 2000 The commission rallied with the government’s position that Switzerland’s tradition of banking secrecy was non-negotiable. The commission, chaired by a Social Democrat member of parliament, Rudolf Strahm, held closed-door hearings in Berne with the finance minister, Kaspar Villiger, and representatives of the Federal Banking Commission and Federal Police Office. In line with government policy, the…

Two Swiss killed in plane crash in Costa Rica

This content was published on Aug 28, 2000 The Swiss women, who were identified as Silvia Rhissiner and Catherine Shoep, were travelling with six other foreign tourists and two Costa Rican pilots, when their aircraft crashed into the volcano. Evelyn Saldana, an official from National Aerial Services, or Sansa, which operated the flight, said the bodies were found on Sunday. The Costa Rican…

Business Outlook

This content was published on Aug 27, 2000 Among those reporting this week is the specialty chemicals group, Clariant. The company, based near Basel, says it expects operating profit to be significantly higher than for the same period last year. Shares in Clariant have fallen recently after disappointing sales figures for the first six months of 2000. But the group has said sales…

The company that puts the fun into the fair

This content was published on Aug 27, 2000 Intamin is a leader in its field in the design and manufacture of some of the biggest and most thrilling attractions at amusement parks across the world. It was founded back in 1967 in response to increasing demand for high quality rides, such as observation towers for theme parks in the United States. Its latest…

Two Swiss believed aboard crashed Costa Rican plane

This content was published on Aug 27, 2000 The nationalities of the passengers have not been released, but local police and the Red Cross said it appeared that two Swiss women were among those aboard. Red Cross rescue workers surveying the scene said it appeared at least four people had survived the crash, which occurred near the Arenal volcano, in the north of…

Swiss woman steps in to protect the Indonesian rain forest

This content was published on Aug 27, 2000 Frey lives in the village of Berg am Irchel, about 30 kilometres north of Zurich. Vineyards cover the rolling hills surrounding the community, but her house backs onto a river gorge, protected by thick vegetation and tall trees. “It reminds me a lot of my days in Sumatra,” Frey says, “we lived on the banks…

The business week in review

This content was published on Aug 26, 2000 The positive forecast for the economy came in a survey by Swiss Institute for Business Cycle Research (KOF). The Zurich-based body said the economy had continued to expand strongly in the second quarter of the year, with exports doing particularly well. However, it suggested that while prospects were good, demand might be falling. The forecast…

US firm drills for gas in Switzerland

This content was published on Aug 26, 2000 The consortium between Forest Oil International of Houston, Texas, and Switzerland’s SEAG, is confident that the project in the village of Weiach on the German border has a strong commercial future. Forest Oil has begun an exploratory drilling operation at the site, which is thought to contain natural gas deposits at a depth of 1,300…

Deadline passes for joining Holocaust settlement

This content was published on Aug 25, 2000 Swiss companies and banks had until Friday to join up. Those that did, will be protected from any future legal action but will, in turn, be obliged to publish bank records and provide United States court officials with historical information needed to process claims. The 1998 settlement between Swiss banking giants, UBS and Credit Suisse,…

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Nestlé joins Holocaust settlement with SFr25 million contribution

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Parliamentary commission backs banking secrecy

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Two Swiss killed in plane crash in Costa Rica

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Business Outlook

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The company that puts the fun into the fair

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Two Swiss believed aboard crashed Costa Rican plane

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Swiss woman steps in to protect the Indonesian rain forest

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The business week in review

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US firm drills for gas in Switzerland

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Deadline passes for joining Holocaust settlement

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