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First Signs of Switzerland's rise to Invincibility since the start of Switzerland's Invincibility Course on 1 August in Seelisberg
by Raja Felix

Global Country of World Peace Translate This Article
7 August 2006

Since the beginning of the Swiss Invincibility Course on 1 August 2006 in Seelisberg, positive media reports on Switzerland's rise to Invincibility have been collected. Here are some indications of Switzerland's rise to Invincibility as reported by the media.

1 August 2006

Switzerland broadens business scope in Vietnam

Switzerland's Ambassador to Viet Nam, Benedict de Cerjat, announced on the occasion of Switzerland's National Day that Switzerland will broaden its business scope in Vietnam according to Viet Nam News. Switzerland has been a relatively important foreign investor in Viet Nam for more than ten years.

Switzerland is the top financial market for securities and investment products

According to a survey executed by renowned Fessel-GFK opinion research institute amongst the Austrian population Switzerland is still perceived as the most reputed and experienced financial market. Thirty-five per cent of the polled saw Switzerland as number one for security as well as investment products.

Strengthening of Swiss fund markets

Switzerland is a good location for funds. Investment strategy funds have experienced an escalation of fortune according to the Swiss Funds Association (SFA).

2 August 2006

Swiss industry is teeming with strength

Although the prices for crude oil have reached an all-time high the Swiss industry is running full speed. The PMI (Purchasing managers' Index) released for July on 2 August ranks highest in the last four months at 65.1, and has not fallen below the 63 point mark for five months.

Swiss July inflation down by 0.7 pct from June

Swiss inflation was down 0.7 pct in July from June, with the consumer price index (CPI) reaching 100.4 points, the Swiss statistics office said.

A sustained decrease of unemployment numbers is expected for Switzerland

The director of the research department on Swiss economic development at the Technical University of Zurich announced today: 'instead of raising prices, we will increase productivity and efficiency'. The pick-up of the economy has a broad base, he assured, with increases in private consumption and more investments, so the current boom will be lasting. All branches of economy are prospering—even the tourism industry. The unemployment rate has decreased considerably, by three per cent, and this will continue. More jobs will be created, and incomes will be increased.

3 August 2006

Credit Suisse profit doubles

Credit Suisse Group, recovering from an investment banking loss a year ago, said profit more than doubled in the second quarter, driven by revenue from trading, and fees from managing wealthy people's money. Net income rose to 2.16 billion Swiss francs (US$1.76 billion) from 919 million francs a year earlier.

Zuercher Kantonalbank (ZKB) H1 rises on across-the-board performance gains

ZKB, Switzerland's third largest bank, said it expects an excellent full year results driven by strong interest, commission, and trading income. Operating revenue during the first six months rose by 10.5 pct to 984 mln sfr, with interest income alone contributing 542 mln sfr or 55 pct of the total. Commission and services income rose 12.1 pct to 235 mln, while trading activities generated 188 mln sfr, representing an increase of 40.5 pct year-over-year.

Swiss residents are more and more using public transportation systems

The general subscription ticket for all means of public transportation (buses, trains, lake boats) has now crossed the 300,000 threshold. Also the number of users of the Half-Fare Card has risen constantly, and will soon supersede the record high of 1991, when it was still subsidised by the state, and therefore cheaper, which is not the case anymore now.

Consumer prices decreased in July more than expected by 0.7 per cent instead of 0.4 per cent

4 August 2006

Swiss shares closed higher across the board

Swiss Reinsurance Co. lifted its first-half net profit by 16 per cent

Swiss Reinsurance's, one of the world's largest reinsurance companies, first-half profit grew 16 per cent thanks to lower claims and a solid investment result. Swiss Reinsurance said net profit rose to 1.57 billion Swiss francs (US$1.27 billion) from 1.35 billion francs in the first half of 2005.

Givaudan increased net profit by 28 per cent

World largest producer of fragrances and flavours, Givaudan SA Corporation, increased its net profit during the first half of 2006 by 28per cent to CHF 266 million. The turnover increased by 8 per cent.

IXEurope Expands Swiss Datacentre Footprint

Zurich3 builds on leading market position and leverages TIX Internet Exchange. IX Europe plc, ('IXEurope'), (AIM: IXE) Europe's fastest growing specialist data centre services group, has acquired an additional data centre in Zurich to accommodate strong growth from the internet and enterprise markets and to provide expansion for its successful TIX internet exchange, Switzerland's largest hub for ISP traffic.

Eco-friendly, energy-efficient e-bikes go fast in Switzerland

During the first half of 2006, 67 per cent more energy-efficient e-bikes where sold compared to sales of the previous year. E-bikes are bikes equipped with an electrical motor, which supports the power generated by the muscles. The target group for these e-bikes are senior people or families. The campaign to increase sales of E-bikes has been launched by the energy-saving agency of the Swiss federal government as well as by many local communities and cities.

Kanton Ticino invites families of Swiss residents from the Lebanon to come to Switzerland, and stay with their relatives living in Switzerland for the duration of the conflict

Family friendly part-time jobs offered in great numbers in Switzerland

According to a press release by the Swiss Federal Office for Statistics, Switzerland has the biggest contingent of part-time jobs after Holland. Part-time jobs make it easier for women to integrate work life and family. 31.7 per cent use this possibility of part time jobs in Switzerland (46.2 per cent in Holland, 18.5 per cent on the average in Europe as a whole).

Swiss IBM-scientists stored one bit in a molecule for the first time

Scientists at the IBM Zurich Research Laboratory have achieved a breakthrough by demonstrating how a single molecule can be switched between two distinct conductive states, which allows it to store data. This is an important step for molecules to become possible building blocks for future memory and logic applications. With dimensions of a single molecule on the order of one nanometre (one millionth of a millimetre), molecular electronics redefines the ultimate limit of miniaturisation far beyond that of today's silicon-based technology.

5 August 2006

Higher real wages and less stress

Because of the rising profits of Swiss companies and the excellent standing of Swiss economy the umbrella organization of the Swiss labour unions, Travail Suisse, enters into the collective bargaining negotiations demanding a rise of real wages by 1 to 4 per cent, and a better work-life-balance, i.e. more leisure time for the employees, and less stress.

First six-storey building totally built from wood

It is possible now to build six-storey high buildings purely from wood since the Swiss 'regulations and special conditions of fire safety and protection' have come into force in January this year and now allow for these high buildings to be built. It is hoped that this will have a positive effect on the wood industry in Switzerland.

Swiss shares close markedly higher on US, led by financials, techs

Share prices closed markedly higher tracking US opening gains and other European markets, led by financials and technology stocks with Swiss Re and Givaudan in focus after quarterly results, dealers said. At the close, the Swiss Market Index was 80.99 points or 1.03 pct higher at 7,891.03, while the Swiss Performance Index was up 58.30 points at 6,141.98.

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