UBS posts 2012 loss of CHF2.51 billion

ZURICH, SWITZERLAND – Switzerland’s largest bank, UBS, finished 2012 with a loss of CHF2.51b, the company’s financial results, published Tuesdy 5 February, show. The bulk of it, CH1.89b, came in the fourth quarter. The results come as no surprise, except that the bank’s performance was slightly better than some analysts, cited by Swiss media, expected. […]

Two die in Vaud car-train crash

Train was headed from Le Brassus to Vallorbe GENEVA, SWITZERLAND – A train slammed into a car at a level crossing Monday morning 4 February in the Jura mountains in canton Vaud; the driver and his passenger were both killed by the crash. The two men, ages 45 and 46, were both from Bosnia-Herzegovina. The […]

Lufthansa Technik to cut 200-plus jobs in Basel


BASEL, SWITZERLAND – Lufthansa Technik, a subsidiary of the parent of Swiss, the airline, is going on a strict died, restructuring to focus on just one product. The company will cut 82 of its 302-person workforce as a result. The move comes as a result of the high franc and tough airline market conditions, the […]

Novartis to close Nyon site, 1100 jobs to go in Switzerland

NYON, SWITZERLAND – Pharmaceutical company Novartis is closing its site in Nyon as part of a restructuration that will involve eliminating 1,100 jobs in Switzerland. The company is cutting a total of 2,000 jobs, with most of the rest in the US. The Nyon site employs 320 persons and 770 jobs will also go in […]

Public transport gets high green marks compared to cars

BERN, SWITZERLAND – Swiss public transport systems do more than simply carry more people for less fuel: they also get relatively high ecology marks for their overall impact on the environment. A study ordered by the federal government, published in German 9 September, shows that while public transport is far ahead of road traffic at […]

Lights out tonight: record number cities joins Earth Hour

Lausanne, Switzerland (GenevaLunch) – Lausanne and 29 other Swiss cities and towns are participating in Earth Hour and will turn out their lights starting at 20:30 Saturday night 27 March. A record 5,000 cities in 125 countries are joining in this year, to underscore the need for action to deal with the impact of climate […]

“Phenomenal December” boosts Swatch sales

Biel/Bienne, Switzerland (GenevaLunch) – Swatch reported in an upbeat mood Wednesday morning 20 January that 2009 turned out to be its third-best year on record and that unexpectedly strong sales in December made it the company’s best-ever December. Orders on the books for 2010 plus expected growth in middle class consumer spending in developing markets […]