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UBS predecessor profited from Nazi slave labour

This content was published on Aug 7, 2000 Michael Willi, a spokesman for UBS, confirmed that one of its predecessors held a majority stake in a cement factory in Poland where slave labourers were used during the war. Willi said the Swiss Bank Corporation, one of two banks that merged in 1998 to create UBS, had held a majority stake in a holding…

Prizes awarded for maintaining mountain heritage

This content was published on Aug 7, 2000 The main prize, worth SFr12,000, was shared three ways: by a project in Göschenen, in central Switzerland, a project in the French-speaking part of the country and an inter-regional programme with close links to other countries in Europe. One project, called “Göschenen, a future for man and mountain”, in the Gotthard region aims to promote…

Geneva scientists detect new planets

This content was published on Aug 7, 2000 The most significant discovery concerns one planet, named HD 83443c. It is the lightest planet ever discovered outside the solar system, with a mass roughly half that of Saturn. It is also only the second planet ever found which is part of a multi-planet system. The discoveries, formally announced on Monday, were made by a…

Mudslide tragedy could not have been predicted

This content was published on Aug 7, 2000 The mudslide hit five people as they were crossing a stream in a normally safe area above Grindelwald. Two managed to escape unharmed, but the other three – two Americans and a Swiss guide – were swept downstream. Their bodies were later recovered. The head of the Grindelwald rescue services, Kurt Ammacher, said the slide…

Wet weather hits agriculture

This content was published on Aug 7, 2000 Farmers say five weeks of heavy rain has ruined much of this year’s harvest, and made the land difficult to work. The reduced yields have also driven up crop prices by as much as 30 per cent over last year, with salads, beans, cauliflowers, courgettes worst affected, according to Swiss television. The president of the…

Profits climb at Valiant

This content was published on Aug 7, 2000 Valiant Holding was formed in 1997 through the merger of three Swiss banks: Spar & Leihkasse Bern, Gewerbekasse Bern and BB Bank Belp. Bank in Langenau merged into the group in 1998. The company provides commercial loans and is also involved in securities trading. It has 57 offices in the Guerbe Valley, Fraubrunnen, Laupen and…

Galenica expands into French speaking Switzerland

This content was published on Aug 7, 2000 The Victoria group, based in Geneva, owns 11 pharmacies in French speaking Switzerland, employing a total of 180 staff. Galenica will close two of Victoria’s five administrative offices with the current board of Victoria continuing to work until the end of 2002. No figures were released on the cost of the deal. Galenica was founded…

Federal Railways defend recruitment of staff from abroad

This content was published on Aug 7, 2000 The recruitment of 100 drivers from Germany comes a month after the Federal Railways turned down the idea of recruiting abroad. An official statement said foreigners “lacked knowledge of the rail system, the technical side and the regulations”. Spokesman, Christian Kräuchi, justified the volte-face, saying an increase in traffic made it necessary to bring in…

Jomed sets sights on US market

This content was published on Aug 7, 2000 Jomed will fork out SFr349 million ($205 million) for its new acquisition, with most of the funding coming from a new share offer on the Swiss stock exchange. Jomed expects to raise SFr255 million through an issue of new stock, with the balance of the purchase price coming from cash reserves. EndoSonics is a leading…

Wet weather hits agriculture, triggering higher prices

This content was published on Aug 6, 2000 Swiss farmers are complaining they have lost crops and their land is becoming harder to work, following five weeks of rain which has effectively interrupted summer. The price of salads, beans, cauliflowers, courgettes and other products is up to 30 per cent higher than a year ago, Swiss television reported on Sunday. The president of…

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Internal: Archive

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UBS predecessor profited from Nazi slave labour

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Prizes awarded for maintaining mountain heritage

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Geneva scientists detect new planets

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Mudslide tragedy could not have been predicted

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Wet weather hits agriculture

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Profits climb at Valiant

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Galenica expands into French speaking Switzerland

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Federal Railways defend recruitment of staff from abroad

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Jomed sets sights on US market

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Wet weather hits agriculture, triggering higher prices

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