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Pharmaceutical sector sees exports soar

This content was published on Feb 4, 2000 Swiss chemical and pharmaceutical exports soared by nearly nine per cent last year, reaching SFr34 billion. The rise was due to strong sales in the second half of the year. Chemicals and pharmaceuticals rose by 8.6 per cent compared to 1998, but virtually all growth took place in the second half of the year. Before…

Union leaders say Vaud strike was a success

This content was published on Feb 4, 2000 Union leaders in canton Vaud say a strike by public sector workers has been a success. Thousands of public employees took to the streets on Thursday to protest measures they say will lead to the dismantling and erosion of local services. Hospitals, schools and other services were badly disrupted by the day of strike action,…

Geneva researchers make breakthrough in treatment of diabetes

This content was published on Feb 3, 2000 Researchers at the University of Geneva have made a breakthrough which could have a big impact on the treatment of diabetes. An international research team, which includes Professor Lelio Orci (pictured) and other members of the university’s Morphology Department, has developed a way of regulating the release of hormones into the bloodstream. Their findings have…

Strike by public service workers underway in Vaud

This content was published on Feb 3, 2000 Public service workers have gone on strike in canton Vaud in protest at the local government’s proposed cutbacks in social services. Reports say the strike is being widely followed by members of the two unions involved. Hospitals, schools, public services and prisons were expected to be hit by the one-day action. A picket has been…

Switzerland hikes interest rates to boost currency

This content was published on Feb 3, 2000 The Swiss National Bank has again raised interest rates, following concerns about the weakness of the Swiss franc against the US dollar and the Euro. The move immediately strengthened the franc against those two currencies. The SNB said it was raising its key LIBOR (London Interbank Offered Rate) target range by half a per cent.…

Mysteries of the World: a Theme Park, but not as we know it.

This content was published on Feb 3, 2000 The Mysteries of the World theme park, the brainchild of best-selling Swiss author Erich von Däniken, is a step closer to getting off the ground. The company set up to make the project a reality, Mystery World AG, has announced that Sony, Feldschlösschen-Hürlimann and the Swiss Federal Railways have decided to sponsor the project. The…

Credit Suisse names new head for overall operations in Japan

This content was published on Feb 3, 2000 Credit Suisse has named a new head, Yuji Suzuki, as the new head of its entire operations in Japan, as part of moves to re-establish its reputation in the country. Suzuki, who has been at the Industrial Bank of Japan for more than 30 years, knows the Japanese business scene extremely well, said a spokeswoman…

Pressure mounts for merger between Swiss Federal Railways and Berne operator

This content was published on Feb 3, 2000 One of Switzerland’s main private railways, the BLS Lötschberg Railway, is facing growing pressure to merge with the Swiss Federal Railways. Media reports say BLS is adamantly opposed to any deal, which would undermine its independence. The idea of a merger was first mooted last November, when the chairman of the Federal Railways, Thierry Lalive…

Clariant reports disappointing sales for 1999

This content was published on Feb 3, 2000 The world’s largest specialty chemicals company, Clariant, has reported slow sales for 1999, with turnover increasing by only one per cent over the previous year to SFr9.158 billion. But the company is playing down the results, saying it expects a “sustained upswing” in its target markets this year. Clariant attributed the slight increase in sales…

ABB shows record profits

This content was published on Feb 3, 2000 The Swiss-Swedish engineering firm, ABB, has published its yearly results showing a 24 per cent rise in net profits. Profits rose to almost SFr2.7 billion, well above the estimates of most analysts. Turnover was up four per cent at nearly SFr41 billion. Eleanor Sharraz, who’s a trader at Bank Leu, says the profit figure is…

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Pharmaceutical sector sees exports soar

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Union leaders say Vaud strike was a success

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Geneva researchers make breakthrough in treatment of diabetes

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Strike by public service workers underway in Vaud

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Switzerland hikes interest rates to boost currency

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Mysteries of the World: a Theme Park, but not as we know it.

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Credit Suisse names new head for overall operations in Japan

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Pressure mounts for merger between Swiss Federal Railways and Berne operator

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Clariant reports disappointing sales for 1999

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ABB shows record profits

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