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How French authorities used a whistleblower to sting UBS bankers

Swissinfo EN - Fri, 03/01/2019 - 10:12
In May 2011, a scared employee from Swiss bank UBS was summoned without warning or explanation to meet French government officials outside the Louis Vuitton store on the Champs-Elysées in Paris.  From there she was shuttled to the back of a large department store and given her mission: to help the French government try to catch Swiss bankers illegally soliciting French clients at the French Open tennis tournament. “They said we are going to follow you for two weeks at Roland-Garros  . . . They said they would follow me for the two weeks with a camera,” said Stéphanie Gibaud in an interview with the Financial Times days after UBS was hit with a €4.5 billion (CHF5.1 billion) penalty for recruiting clients in France and helping them evade taxes. Gibaud, a relatively junior marketing manager who organised client events during her more than ten years at the bank, spent the following days at Roland-Garros in fear, trying to behave normally in front of her colleagues before being ...
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Kalmar's 70,000th Ottawa Terminal Tractor Rolls off the Production Line

News Machinery - Thu, 02/28/2019 - 14:04

Kalmar, part of Cargotec, is celebrating a significant milestone with the production of its 70,000th Kalmar Ottawa terminal tractor. Destined for long-standing customer Penske Truck Leasing, the truck was completed on 27 February at Kalmar's US manufacturing facility in Ottawa, Kansas. Employees and guests gathered at the plant to celebrate and watch the final assembly of the truck.   Paul Rosa, Senior Vice President, Procurement and Fleet Planning, Penske Truck Leasing: "Penske Truck Le...

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Public media and young viewers: are they flicking over?

Swissinfo EN - Thu, 02/28/2019 - 12:00
One year after voters thumpingly rejected the idea of scrapping the licence fee, public broadcasters in Switzerland and beyond tackle the challenge of securing future audiences. Cosy, warm, brain-dead, you’re tucked up on the couch after another day. On the TV, or some screen, your latest Netflix series is jumping kindly from episode to episode; you don’t even have to lift a finger. You check your phone. 19:30. Somewhere, in some other corner of the universe, the news is starting – SRF’s Tagesschau. Do you flick over? One year after Swiss voters opted largely not to scrap the country’s public-funded state media system, the question still hovers. And as technology, media, habits, and content continue to shift faster than a journalist can keep up with them, the answer is still unclear. On one hand, as the BernerZeitung reported last week (in German), some things don’t seem to change. The most watched show via the Swiss Zattoo online streaming service – which accounts for 53% ...
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Konecranes Noell Straddle Carriers to Thessaloniki

News Machinery - Wed, 02/27/2019 - 18:22

The Thessaloniki Port Authority SA, a privately listed company, is the Concessionaire and Operator of the Port of Thessaloniki, Greece. The Port of Thessaloniki comprises a container terminal and a conventional cargo terminal. This order is part of an ambitious growth program that the Port of Thessaloniki has embarked upon. - - “We entrusted Konecranes with this important renewal of our container handling equipment because of the high productivity and reliability of these straddle carriers,...

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EMSL's Orlando Mold Testing Lab Offers Workshop with 7 CEU's Approved by Florida DBPR

News Machinery - Wed, 02/27/2019 - 18:20

EMSL Analytical, Inc. is hosting an Assessing the Built Environment for Water Damage and Fungal Growth Workshop on April 25th  in Orlando, Florida. Registration will begin at 8:00 AM followed by the training from 8:30 AM to 4:30 PM. This workshop is approved for 7.0 DBPR MRS Credits, which can be applied toward renewal of Mold Remediator and Mold Assessor Licenses. This training is also ABIH and ACAC compliant. - - Enviro Team North America's Patrick O'Donnell, CIEC, and Jason Popovic, CIE,...

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Dynapac Scandinavia Paves the Way for NCC

News Machinery - Wed, 02/27/2019 - 16:00

Things are moving forward and the future looks bright in the business relationship between NCC and Dynapac Scandinavia once again. NCC is one of the leading construction companies in the Nordic region, with 17,800 employees.  NCC Industry, a business area within NCC, accounts for over 20 percent of the NCC Group's turnover and is a heavyweight in the road construction industry in the Nordic region. Representatives from NCC Industry's Asphalt division recently met with Dynapac Scandinavia a...

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The circus reflects society – with or without bearded women

Swissinfo EN - Wed, 02/27/2019 - 12:00
Circus Knie, often called Switzerland’s national circus, will soon set off on its centenary tour. This will certainly gain attention, as the circus still retains an aura of excitement and dreams. But does it still make people dream as they did in 1919? In this light-hearted article, the author argues it’s unlikely, because a change in moral attitudes has clipped its wings. For a long time the circus was associated with a strange, fantasy world – at least that’s how it was often depicted in art, literature or the cinema. As late as the 1970s children’s television programmes featured main characters who dreamt of running away to join the circus. A science-fiction scenario for the youth of today, versed in the ways of the virtual world almost since birth. The views expressed in this article are solely those of the author and do not necessarily reflect the views of swissinfo.ch. The circus can also give you goose bumps – the wild animals in particular. Sitting in the front row, ...
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Renewables: Switzerland waiting for Godot

Swissinfo EN - Wed, 02/27/2019 - 12:00
The Swiss approach to boosting renewable energy is far too slow, finds a specialist in environmental science and management. As the EU moves forward into the new energy paradigm, and states all over the world are putting 100% renewable plans into action, reaping the economic benefits of new energy technologies, Switzerland is starting to look very last century. Like Vladimir and Estragon under their tree in Beckett’s play, Switzerland is waiting, but has forgotten what for. In order to meet their obligations under the Paris Agreement for the reduction of greenhouse gas emissions, it is necessary for all 195 of the signatory countries to systematically reduce, and eventually eliminate, coal, oil and gas by 2050 in all energy sectors. Since any new or refurbished power station will likely still be operating mid-century, decarbonisation needs to be at the centre of all current and future decisions regarding power generation. In Switzerland, Energy Strategy 2050 is the roadmap ...
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Cummins Board of Directors Appoints Four Vice Presidents

News Machinery - Tue, 02/26/2019 - 21:05

Cary Chenanda – Vice President, Cummins Electronics and Fuel Systems - Cummins Electronics and Fuel Systems (CEFS) is a critical technology provider to Cummins, and contributes to the company's competitiveness in a rapidly changing market. These businesses have shown dramatic improvement in both technology and profitability under Chenanda's leadership. He is a long-time leader at Cummins, having served in many different parts of the company. While leading CEFS, his clear vision and strong...

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Inside IKEA: a furniture store on a social mission

Swissinfo EN - Tue, 02/26/2019 - 19:00
The big blue and yellow storefront is unmistakable in more than 50 countries. While distinctly Swedish, IKEA has a long and rich history in Switzerland. Now it is trying to rally other companies in the country around gender equality. Will they listen? Since 1943, IKEA has transformed living rooms and the shopping experience in countries as diverse as China and the Dominican Republic. But, the company wants to be known for much more than the Billy bookcase and large blue shopping bags. According to Ina Rhöös who works at IKEA Switzerland, “people don’t dream about working at IKEA because they can’t imagine selling sofas every day. But, the company is so much more than that”. She and her colleagues, Markus Müller and Claudia Willvonseder, are part of IKEA Switzerland’s 3,000 “co-workers” – the term itself is a nod to the company’s egalitarian principles. From its colour palette to the meatballs served at the restaurant, there is no denying the company’s Swedish roots, but IKEA has ...
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Reforming the WTO: the Swiss view

Swissinfo EN - Tue, 02/26/2019 - 18:00
The crisis-hit World Trade Organization (WTO) is going through difficult times. World leaders have committed to an overhaul of the Geneva-based institution, but it is unclear what the future holds. Swiss ambassador to the WTO Didier Chambovey gives his view.  The year 2018 was marked by a number of challenges for the multilateral trading system and for international trade in general.  Rising tensions between some trading powers have led to a proliferation of measures and countermeasures, which are weighing on the development of trade. The WTO’s dispute settlement system is in crisis, with the United States blocking the appointment of new judges to the Appellate Body [the world's top trade court]. This situation could lead to a paralysis of this body by December, due to a lack of judges to validly deliberate.  With respect to the organization's negotiating role, concluding new multilateral agreements has also become extremely tough. Big differences remain, particularly on ...
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Swiss private banking giant dips toes into crypto scene

Swissinfo EN - Tue, 02/26/2019 - 14:55
One of Switzerland’s largest banks, Julius Baer, has entered the cryptoassets world by announcing a partnership with budding crypto bank start-up SEBA. While other Swiss banks, such as Vontobel, Falcon and Swissquote, are already active in the space, Julius Baer’s entrance has attracted particular attention. The obvious connection between the two businesses is Andreas Amschwand, chairman of SEBA and a board member at Julius Baer. However Amschwand will step down from Julius Baer in April. With CHF382 billion ($382 billion) of assets under management, the 125-year-old private banking giant appears to have raised the bar in the ongoing merger of cryptoassets into the traditional financial sector. Swiss banks have shown a marked reluctance to expose themselves to cryptoassets. This wariness is understandable in the context of a recent global tax evasion and money laundering crackdown that broke the back of Swiss banking secrecy. By dipping its toes into the new asset class, Julius ...
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Swiss blockchain exchange ‘on track’ despite ‘flexible’ timetable

Swissinfo EN - Tue, 02/26/2019 - 12:00
The Swiss stock exchange’s new distributed ledger technology (DLT) trading platform may be arriving slightly later than anticipated. But operator SIX Group says the Swiss Digital exchange (SDX) will still be well placed to take advantage of a securities trading revolution.   SIX Group chairman Romeo Lacher says SDX will launch in the second half of this year. Project leader Thomas Zeeb suggests a slightly later date: the last quarter of 2019 or even early 2020. When SIX announced the Swiss Digital Exchange (SDX) last July, it said “the first services will be rolled out in mid-2019.” It turns out that this timetable is “flexible”. For one thing, SIX is waiting for the Swiss Financial Market Supervisory Authority (FINMA) to grant the new exchange a license. But on the other hand, no decision has yet been made on which DLT platform SDX will use – although the field has been narrowed down to two unnamed candidates. swissinfo.ch fintech coverage  Fintech is changing the face of ...
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GE, Roche, Spark: flair for genes

Swissinfo EN - Tue, 02/26/2019 - 09:47
The fear of missing out is a powerful motivator. Dealmaking in healthcare is often fuelled by a drive to outbid rivals for cutting-edge technology.  Two transactions on Monday built on more than $100 billion of deals since the start of the year. The largest was the sale of GE’s Biopharma to medical equipment maker Danaher. The latter will pay $21.4 billion for an instruments business that generated revenues of approximately $3 billion last year. GE needs to strengthen its balance sheet. More emblematic of pharma trends was Roche’s decision to buy Spark Therapeutics for $4.8 billion ($4.3 billion plus its net cash). It is paying a share price premium of 122 per cent for the gene therapy pioneer which had $64.7 million in sales last year. Spark is a bolt-on for Roche, which has a market capitalisation 50 times bigger. But it will plug a gap in its portfolio, providing protection if rivals emerge to its haemophilia blockbuster Hemlibra. It is potentially much more significant ...
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Initiative launched to cap health insurance premiums

Swissinfo EN - Tue, 02/26/2019 - 09:00
Many Swiss households are struggling to cope with rising health insurance premiums. A people’s initiative wants premiums to not exceed 10% of income with the balance paid for by the state. Called "10% of a household's income for health insurance premiums is enough" (Premium Relief Initiative), the text launched on Tuesday by the Social Democratic Party joins a long list of initiatives launched to manage the steady rise in health care costs and the accompanying rise in compulsory health insurance premiums. This increase is continuing at a rate significantly higher than that of wages, which is putting large segments of the Swiss population in difficulty. The aim is to include in the Swiss constitution a premium limit of 10% of disposable income and the right to a subsidy for those whose premiums exceed this limit. The initiative foresees that at least two thirds of this reduction would be financed by the federal government and the rest by the cantons. The party now has 18 months ...
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Denver Mold and Asbestos Testing Lab Offers Sampling Workshop for Professionals

News Machinery - Mon, 02/25/2019 - 22:53

EMSL Analytical, Inc. is hosting an Industrial Hygiene, Indoor Air Quality and Asbestos Sampling & Analysis Workshop on Wednesday, April 3rd  in Arvada, Colorado. Registration will begin at 8:00 AM followed by training from 8:30 AM to 4:30 PM, which will be split into two sessions. - - The morning session of the workshop will cover various topics related to industrial hygiene (IH). EMSL's Michael Menz, CIH, CHMM, will dive into traditional industrial hygiene sampling, examining sorbent tube...

Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=236447

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GE Announces Completion of GE Transportation and Wabtec Merger

News Machinery - Mon, 02/25/2019 - 20:52

GE (NYSE: GE) announced today the completion of the spin-off and subsequent merger of its transportation business with Wabtec Corporation (NYSE:WAB).  GE Chairman and CEO H. Lawrence Culp, Jr., said, “Today's update is another important landmark in executing GE's portfolio strategy. This transaction is good for GE shareholders, who gain equity in an organization at the forefront of rail innovation; for GE, as we work to reduce leverage and strengthen our balance sheet; and for Wabtec, whi...

Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=236431

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Grand old Swiss party: a past and future for liberalism

Swissinfo EN - Mon, 02/25/2019 - 18:00
The centre-right Radical-Liberal Party is celebrating 125 years of existence at a national level. But the Swiss champions of political longevity haven’t always known how to value this rich past, says historian Olivier Meuwly.  The modern Radical-Liberal Party has its roots in the liberal movements which flourished in western Europe in the first half of the 19th century. In Switzerland, the story of political liberalism has been a particular success.  From 1830 several cantons adapted their constitution in a liberal sense. The pinnacle was reached in 1848, with the creation of the modern federal state, spurred on by the radical movement.  Defeated by a Protestant-led coalition in the Sonderbund War, the conservative Catholics – the basis of the current centre-right Christian Democratic Party – were for a long time relegated to the opposition. The Radicals, who formally existed only at a cantonal level, had pretty much a monopoly on running the new state. They have been ...
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Why some Swiss people still get measles

Swissinfo EN - Mon, 02/25/2019 - 14:24
Measles, a potentially deadly virus, is still breaking out in Switzerland, despite the availability of vaccinations.  At the beginning of February, 60 children who had not been vaccinated were sent home after measles erupted in the Steiner School in the town of Biel. Families with an anthroposophical lifestyle, as advocated by Rudolf Steiner, are often restrictive with vaccinations because of the purported benefits of getting a disease naturally. Many others fear the side effects of vaccines more than the underlying diseases that they protect against. Daniel Koch, head of the infectious diseases department at the Swiss Federal Health Office (BAG) assures the public that bad reactions are rare and that the effects of measles are much worse.  Preventable disease Measles spreads easily through the coughs and sneezes of infected people and can lead to diarrhoea, ear infections, pneumonia, blindness, inflammation of the brain and even death. It can strike people of all ages.
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The bombers of Zurich: how two Russians shaped Swiss history

Swissinfo EN - Mon, 02/25/2019 - 12:00
In 1889, a Russian student in Zurich accidentally blew himself up. In the aftermath of the incident, many foreigners were expelled from the country, while the manufacture or possession of explosives was made a criminal offence. On March 6, 1889, a Zurich policeman told his superiors there was a rumour on the streets that two Russian students had staged a duel with bombs just outside the city the previous day. Both had been seriously wounded, and friends had taken them to hospital, he said. Police Captain Fischer, who was familiar with the emigrant milieu, was skeptical. Yet he made his way to Petertobel, where the duel had supposedly taken place. At the scene he made a horrible discovery: great streaks of blood in the snow, traces of an explosion, a battered metal container full of a thick yellow fluid – and part of a human foot. Dynamite Fischer headed for the general hospital, where he started looking through the lists of newly-admitted patients. He soon identified ...
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