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SAir Group to buy 20 percent stake in South African Airways

This content was published on Jun 25, 1999 In a speech to the South African parliament, Mbeki said the SFr350 million ($230 million) deal was part of the partial privatisation of the airline. “We are very happy with the result and convinced that it will lead to in the highest possible gains for our county,” said Mbeki. He added that the agreement would…

Report: Bilateral accords with EU would boost Swiss economy

This content was published on Jun 25, 1999 Switzerland’s bilateral accords with the European Union, which still have to be ratified, would benefit the Swiss economy and lead to a long-term increase in Gross Domestic Product of up to 2 percent, according to a report released on Friday. The findings of the report, commissioned with several others to assess the impact of further…

Fight against inflation should be a priority, says Swiss Bankers Association

This content was published on Jun 25, 1999 The Swiss government should keep a check on inflation as its top economic priority, said the Swiss Bankers Association. That was one of the points contained in a working paper put forward by the Association in Berne on Friday. The Association said using monetary policy to create jobs and promote growth was not a desirable…

Red Cross warns against likely increase in natural disasters

This content was published on Jun 24, 1999 In a report just out, the International Federation of Red Cross and Red Crescent societies warned of a new era of “super-disasters”. It named global warming, environmental degradation and population growth as factors contributing to a likely increase in disasters. According to the Geneva-based federation’s World Disasters Report, 1998 was the grimmest year on record.…

Swiss economy suffers major long-term damage due to winter avalanches

This content was published on Jun 24, 1999 This past winter’s avalanches severely affected the economies of Switzerland’s alpine regions, cutting some industry profits by 25 percent and causing a shortage in investments for the region. The Swiss Working Group for alpine regions – an organisation focusing on the economic development of Switzerland’s mountain regions – said that 350 avalanches not only killed…

Swiss Cablecom to be sold

This content was published on Jun 23, 1999 Switzerland’s leading cable network operator Cablecom is being sold. The announcement was made by the telecommunications company Swisscom – which owns a third of Cablecom. Swisscom said it and the two other main shareholders – the German companies Veba and Siemens – were selling their respective one-third stakes. The new shareholders will have to take…

Swiss ambassador calls for closer relations with the United States

This content was published on Jun 23, 1999 The Swiss ambassador to Washington Alfred Defago on Wednesday called on Swiss captains of industry to forge closer relations with the United States, saying the U.S. was a trade partner of vital importance for this country. Defago, addressing the Swiss-U.S. Chamber of Commerce in Zurich, called on Swiss industry as well as the government to…

Poll: Swiss want more development aid money for the needy in Switzerland

This content was published on Jun 23, 1999 A majority of Swiss support the government’s development and cooperation programmes abroad but would like to see more money spent on the needy within Switzerland, the federal authorities said Wednesday. The head of the government’s Agency for Development and Cooperation Walter Fust, pictured above, said the findings were part of a poll carried out on…

Switzerland to introduce more focused development aid

This content was published on Jun 22, 1999 Deiss said the priorities for government development aid would remain the same: helping to secure and maintain peace and stability, respect for human rights and democracy, fighting poverty and improving living standards, helping to solve environmental problems, and supporting access to education and basic health care. Deiss, speaking in Zurich, said the Swiss government would…

Novartis to cut 1,100 jobs worldwide

This content was published on Jun 22, 1999 The Basel-based chemicals and pharmaceuticals company Novartis announced Tuesday it would cut 1,100 jobs worldwide due to restructuring in its agricultural business sector. About 150 of those jobs will be lost in Switzerland. The decision was announced by the new head of the agricultural business sector, Heinz Imhof. He said Novartis would reassess the importance…

Internal: Archive

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SAir Group to buy 20 percent stake in South African Airways

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Report: Bilateral accords with EU would boost Swiss economy

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Fight against inflation should be a priority, says Swiss Bankers Association

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Red Cross warns against likely increase in natural disasters

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Swiss economy suffers major long-term damage due to winter avalanches

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Swiss Cablecom to be sold

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Swiss ambassador calls for closer relations with the United States

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Poll: Swiss want more development aid money for the needy in Switzerland

More

Switzerland to introduce more focused development aid

More

Novartis to cut 1,100 jobs worldwide

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