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Canada to issue Swissair crash report by May

This content was published on Nov 4, 2000 The board had hoped to release the report before the end of the year. The plane went down in Peggy’s Cove, off the coast of Nova Scotia, killing 229 people. The later-than-expected release date for the report stems from the complexity of the investigation. “We’ve got about two million pieces of wreckage and 275 kilometres…

Money laundering hits the headlines

This content was published on Nov 4, 2000 In the first, the justice authorities sent back to Ukraine SFr10.5 million ($5.9 million) confiscated from the former prime minister, Pavlo Lazarenko. Lazarenko is believed to have embezzled billions of francs from the Ukrainian state. In June, a court in Geneva sentenced him to 18 months in jail for money laundering. The second case involves…

Business week in review

This content was published on Nov 4, 2000 A group of the world’s largest banks, including Switzerland’s UBS and Credit Suisse groups, agreed on Monday to a set of global anti-money laundering guidelines for international private banks. The new guidelines were announced in Zurich by 11 banks and by Transparency International, the global anti-corruption organisation. Also in the news on Monday was a…

Veterinary office proposes bone meal ban

This content was published on Nov 3, 2000 The discovery of the latest cases have galvanized the authorities, who thought a ban on animal rests in cattle feed introduced in 1996 would be enough to wipe out mad cow disease, or BSE, in Switzerland. After two days of emergency talks between experts and representatives of the parties concerned, the veterinary office on Friday…

Carlsberg swallows Feldschlösschen drinks

This content was published on Nov 3, 2000 A statement from Feldschlösschen headquarters at Rheinfelden on Friday said that Carlsberg was acquiring the entire beer, mineral water and soft drinks businesses. Carlsberg is also acquiring the Feldschlösschen wine activities with the exception of the Emil Nüesch Wine Cellars in Balgach, for which a new owner is being sought separately. It added that that…

Higgs boson sighting re-ignites LEP closure debate

This content was published on Nov 3, 2000 The Large Electron Positron (LEP) was closed after the expiry of a one-month stay of execution granted in September after researchers detected what they hoped was evidence of the particle believed to be responsible for all the mass in the Universe, the Higgs Boson. But further sightings of the particle’s shadow over the past month…

Switzerland: A paradise sold?

This content was published on Nov 3, 2000 The Unterwalden sails past a number of magnificent hotels, some strung along the shore of Lake Lucerne and others looming over the water from their mountain perch. The boat and buildings share a common heritage. They were all constructed during the Belle Époque about 100 years ago. On this day, the passengers size up the…

Plans for a flexible retirement age, but at what cost?

This content was published on Nov 3, 2000 Supporters want to give people the option of retiring at 62 without losing their right to a full pension. Men in Switzerland are currently eligible for a pension at 65, while the retirement age for women is slightly lower. The groups behind the two people’s initiatives are the Green Party and the associations of office…

The Swiss railways goodwill ambassador

This content was published on Nov 3, 2000 The train steward, Kwasi Nyankson, was not the attraction passengers expected when they boarded the train for the scenic two-hour journey over the Brünig Pass. The train leaves Interlaken and snakes along the shore of Lake Brienz before climbing over the Brünig Pass on its way to Lucerne. Their necks craned out the windows, tourists…

New magazine makes its debut to guide investors

This content was published on Nov 3, 2000 The magazine, aimed at investors, is being produced by Zurich’s “Handelszeitung” publishing house, which is majority-owned by the Axel Springer group. With a minimum of 80 pages, “STOCKS” will offer readers assessments about national and international shares, and about market sectors. Earlier this week, a study showed that one in three Swiss now owns shares,…

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Canada to issue Swissair crash report by May

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Money laundering hits the headlines

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Business week in review

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Veterinary office proposes bone meal ban

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Carlsberg swallows Feldschlösschen drinks

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Higgs boson sighting re-ignites LEP closure debate

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Switzerland: A paradise sold?

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Plans for a flexible retirement age, but at what cost?

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The Swiss railways goodwill ambassador

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New magazine makes its debut to guide investors

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