Zurich

Two big banks have 2/3rd of all Swiss money of Indians

UBS and Credit SuisseZurich/New Delhi: It is just two big banks -- UBS and Credit Suisse -- which appear to be accounting for almost two-third of the total money held by Indians in Swiss banking system, known for their famed secrecy walls.

According to the latest official data disclosed by Switzerland's central banking authority SNB (Swiss National Bank), Indians' money in Swiss banks rose by 43 per cent last year to 2.03 billion Swiss francs (nearly Rs
14,000 crore), despite growing global pressure on Switzerland to share client details of their banks.

Honeybees can taste food with claws!

HoneybeesZurich, Feb 5 : How interesting it would be if we could taste our food just by touching it. Honeybees can actually do that.

Research sheds light on honeybees’ ability to taste with claws on their forelegs.

Insects taste through sensilla - hair-like structures on the body that contain receptor nerve cells, each of which is sensitive to a particular substance.

Honeybees have sensilla on the mouthparts, antenna and the tarsi - the end part of the legs.

Grenada biggest mover in FIFA rankings

FIFAZurich, May 14 : Grenada has emerged as the most improved team in the latest FIFA rankings.

The Spice Boyz, crowned Windward Islands' football champions last month, climbed 20 spots to 121 in the global rankings and 16 in the Confederation of North, Central American and Caribbean Football (CONCACAF).

The movement is owed in part to the two victories in the Windward Islands Football Association (WIFA) Tournament in St Vincent.

Grenada defeated the host 1-0 and St Lucia 2-1 to win the three-team tournament following the withdrawal of Dominica after the tragic death of the coach and a player a few days before the kick-off.

Exports driving Spain's incipient recovery: Economists

ExportsZurich, April 18 : A new focus on exports - now 30 percent of Spain's GDP - as opposed to construction is crucial to the turnaround underway in the country's economic cycle, the executive director of Spain's Business Council for Competitiveness, or CEC, said Wednesday in Switzerland.

"There's been a change in how the Spanish economy works because now it's based on exports and not on construction. This change provides a sufficient basis for expecting gross domestic product growth in the coming year," Fernando Casado told EFE.

2014 World Cup draw to be known Dec 6

World-Cup-2014-BrazilZurich, March 20 : World football governing body FIFA has announced that the draw for the 2014 World Cup finals will be made Dec 6 in Costa do Sauipe, Brazil.

"It was confirmed at the meeting that the draw for the 2014 World Cup finals would take place at Costa do Sauipe, in Bahia State, at 1300 local time (1600GMT) December 6 2013," FIFA said in a statement.

FIFA president Sep Blatter said he was confident that Brazil would be ready in time to host the big event.(IANS)

Over 668,000 tickets already sold for 2010 World Cup

Over 668,000 tickets already sold for 2010 World Cup Zurich - Over 668,000 tickets for the 2010 World Cup in South Africa have already been snapped up by fans, football's ruling body FIFA revealed Friday.

The most number of tickets have been sold in the United States (84,034), followed by Great Britain and Germany (48,274).

On Monday, the second phase of ticket sales for the 2010 finals, which has an 82-per-cent success rate, comes to an end.

UBS reports continued losses for third quarter

UBS reports continued losses for third quarter Zurich  - Swiss bank UBS posted a loss of 564 Swiss franc (552 million US dollars) in the third quarter due to continued problems in the investment banking sector, it reported Tuesday in Zurich.

The bank continued to lose assets for the third quarter, as clients withdrew funds totalling 36.7 billion franc, the bank reported. It said in a statement it did not expect an immediate recovery in the area of client net new money flows.

The new losses exceeded the expectations of analysts who had predicted a slight recovery of the bank.

Swiss RE bounces back into profit

Swiss RE bounces back into profitZurich  - The world's second largest reinsurer Swiss Re has bounced back into profit in the third quarter, beating expectations of analysts, the company announced Tuesday in Zurich.

The company reported a net profit of 334 million francs (327 million US dollars), compared to a loss of 304 million francs in the same period last year, and continued losses in the second quarter of 2009.

Results in the third quarter continued to be dampened by write- offs of almost one billion francs especially in the securitized products portfolio. (dpa)

Federer unnerved by Agassi drug revelations

Federer unnerved by Agassi drug revelations Zurich  - The Andre Agassi crystal meth revelations, to be fully explained in his autobiography next month, have come as a shock to world number one Roger Federer.

The top seed at his home event from Monday in Basle told local media that Agassi's confession to have used the drug crystal meth during a low points in 1997 was a stunner.

"It was a shock when I heard the news," said Federer at a sponsor function. "I'm disappointed and I hope there are no more such cases in future. The sport must stay clean."

FIFA and WADA to create biological passport for footballers

joseph-blatterZurich - The ruling football body FIFA and the World Anti-Doping Agency will set up a partnership to develop a biological passport for footballers.

The announcement was made at a meeting between FIFA boss Joseph Blatter and WADA president John Fahey at the FIFA headquarters.

The biological passport, similar to that used in cycling, is part of a new anti-doping programme of FIFA. Fahey said that target tests will be the key to success.

Director Roman Polanski arrested in Switzerland

Film director Roman Polanski Zurich  - Film director Roman Polanski has been arrested as he arrived in Switzerland to attend a film festival, police in Zurich said Sunday.

The director, who has been wanted since 1978 in the US on charges of having sex with a 13-year-old girl, had been due to receive a prize at the Zurich Film Festival.

The Swiss police are believed to be acting on the request of US authorities.

Polanksi, born in Poland and now a French citizen, is best known for Rosemary's Baby (1968) and The Pianist (2002).  dpa

Memory training can help fight forgetfulness in old age

Memory training can help fight forgetfulness in old ageZurich  - "Damn. Now where was that card with the lemon?"

While the mother is still racking her brains, her small son has already found the lemon and correctly turned up three other pairs of memory cards as well. He sees the game as a picture and remembers the details, while she tries to use reason and does not use her brain effectively.

Brazil stays on top, but Spain closing the gap

Brazil stays on top, but Spain closing the gapZurich  - South American champions Brazil top the September football rankings issued by the sport's controlling body FIFA on Wednesday.

Second-placed Spain, whom the Brazilians toppled from the top space by virtue of winning the Confederations Cup, are gaining ground on the Selecao and have distanced themselves from the third-placed Dutch.

Germany and Italy are joint fourth.

FIFA: Players to be x-rayed to prevent cheating

FIFA: Players to be x-rayed to prevent cheating Zurich  - Football's controlling body FIFA said Monday that they would use x-ray films to determine the age of players at the under-17 world championship in Nigeria later this year.

FIFA said that players would be selected at random and that an x- ray of the players' wrists would determine their age. They said that such an x-ray posed no health risk.

Only players born after December 31, 1991 are eligible to play at the tournament.

Percentage of club-trained players continues to fall

Percentage of club-trained players continues to fallZurich - The percentage of club-trained players in the top European leagues has continued to fall, a study conducted by the Professional Football Players' Observatory (PFPO) has found.

Football's governing body FIFA said Monday in a statement that while the number of club-trained players was decreasing, the number of expatriate players was increasing.

Bolt edges Powell to win in Zurich

Usain BoltZurich  - Usain Bolt beat fellow Jamaican Asafa Powell to win the 100 metres at the Golden League meeting in Zurich Friday in 9.81 seconds.

The world and Olympic champion, who set a world record 9.58 seconds 12 days earlier in Berlin, appeared to ease up as he crossed the line.

Bolt and Powell were neck-and-neck over 70 metres but Bolt powered ahead over the last 30 metres, leaving Powell - who had equalled a then-world record of 9.77 in Zurich three years - second on 9.89.  (dpa)

Isinbayeva sets pole vault world record

Yelena IsinbayevaZurich  - Russian Yelena Isinbayeva set a world record 5 metres 6 centimetres in the women's pole vault at the Golden League meeting in Zurich on Friday.

Isinbayeva, who did not clear a height when failing to win a third successive title at the world championships in Berlin, stays on course for at least a share of the Golden League 1-million-dollar jackpot. (dpa)

Zurich blocks staff's access to Facebook

Zurich blocks staff's access to FacebookGeneva  - The city of Zurich began to block Wednesday its employees from accessing the social networking Website Facebook using office computers.

The move, local media reported, came after the municipality had given employees a "last chance" in April to reduce the time spent on the site and the number of visits. When that condition was not met, the city moved to block access altogether.

Reportedly, while the number of visits initially dropped, the slow summer months sent more traffic from Zurich's workers to the site.

Adecco reports loss, shrinking revenues in second quarter

Adecco reports loss, shrinking revenues in second quarter Zurich - Adecco, one of the world's largest staffing companies, reported Tuesday second quarter revenues at 3.6 billion euros (5.1 billion dollars), down 31 per cent compared to the same period last year.

The company posted a net loss of 147 million euros for the quarter, compared to net profit of 212 million euros last year. Earnings per share showed a loss of 0.85 euros, compared to income of 1.21 euros in the same quarter of 2008.

Federer twins make their photo debut on Facebook

Federer twins make their photo debut on FacebookZurich - Tiny Charlene Riva and Myla Rose made their photo debut Friday as proud parents Roger Federer and Mirka Vavrinec published the first picture of their new arrivals on Facebook.

While eager to explain the trials and minor tribulations of snapping a picture of the two-week-old infants, Federer dropped zero hints about whether he plans to play in the Montreal Masters from Monday.

But that small mystery will be solved later when the draw is made in Canada.



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