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The Week in Switzerland

This content was published on Apr 28, 2000 Swissair announcing the take-over of the Belgian carrier, Sabena, and the banking regulatory authorities warning of the dangers of special bonanzas paid to bankers and traders marked this week. Swissair’s parent company, the SAir Group, this week spread its wings to Brussels to include Sabena, in its fold. SAir, which has held 49 per cent…

Further evidence of economic recovery

This content was published on Apr 28, 2000 The latest report from the Institute for Business Cycle Research in Zurich, issued Friday, has given a highly positive forecast of Switzerland’s economic prospects. The Institute has revised its economic growth rate up to 2.4 per cent for the current year. In its autumn report, it forecast a 1.7 per cent rise in GDP. But…

Muba fair opens amid controversy

This content was published on Apr 28, 2000 A young, naked pregnant woman and a Swiss Army simulator have given much free publicity to Switzerland’s largest consumer fair, Muba, which has opened its doors in Basel. Both caused controversy and divided opinions before the start on Friday of the ten-day event, which is expected to attract 400,000 visitors. Controversy number one involved the…

Muba fair opens amid controvery

This content was published on Apr 28, 2000 Switzerland’s largest consumer fair, Muba, has opened its doors in Basel against a background of controversy. An explicit poster campaign(pictured) and the presence of the army sparked off protests even before the doors opened. A naked, pregnant woman used in the Muba advertising campaign and a shooting simulator of the Swiss Army both divided opinions…

National Bank upbeat about economy

This content was published on Apr 28, 2000 The president of the National Bank, Hans Meyer (pictured), has given an upbeat assessment of the Swiss economy. However, he also expressed concerns about the integrity of Swiss banks. Meyer told the bank’s annual general meeting on Friday that the economy was stronger, but warned that there were growing risks to economic stability. “We are…

Swiss scientists hold biotech open house

This content was published on Apr 28, 2000 Swiss Scientists involved in bioengineering research have held an open house day in Berne in an effort to gain public confidence in their work. “There is nothing to fear from bioengineering and gene technology, and we have to make up for a lot of lost time in explaining our work to the general public”. This…

Swisscom employees stage protest action

This content was published on Apr 27, 2000 Around 600 Swisscom employees staged a brief protest action on Thursday during their lunch breaks in French-speaking Switzerland. They were protesting against plans to cut 3,000 jobs. Trade unions which had organised the protest are concerned that Swisscom’s management has not yet revealed which branches of the communications giant are affected by the cuts. Swisscom…

New high-tech storage depot opened for nuclear waste

This content was published on Apr 27, 2000 Switzerland’s nuclear power industry has opened a hi-tech storage site for radioactive waste from the country’s five commercial reactors. The SFr500 million storage depot, at Würenlingen, canton Aargau, is adjacent to a government-run dump for low-level radioactive waste. The new depot will take in highly radioactive waste, mostly spent rods, which have beenreprocessed in plants…

Swiss National Bank leaves interest rates unchanged

This content was published on Apr 27, 2000 The Swiss National Bank has left interest rates unchanged in the wake of the European Central Bank’s announcement that its key rate is rising by 25 basis points to 3.75 per cent. The SNB’s target range for LIBOR (London Interbank Offered Rate) remains 2.5 to 3.5 per cent. Neither decision came as any surprise. The…

Hope is in sight for insomniacs

This content was published on Apr 27, 2000 A team of scientists from the University of Geneva has identified the neurones (pictured) which send us to sleep and keep us awake. It is hoped that the discovery, revealed in the latest edition of the science journal Nature, will lead to a better understanding of sleeping disorders and produce more effective treatments that are…

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The Week in Switzerland

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Further evidence of economic recovery

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Muba fair opens amid controversy

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Muba fair opens amid controvery

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National Bank upbeat about economy

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Swiss scientists hold biotech open house

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Swisscom employees stage protest action

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New high-tech storage depot opened for nuclear waste

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Swiss National Bank leaves interest rates unchanged

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Hope is in sight for insomniacs

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