Geneva  - As a young girl, Elisapee Sheutiapik never wore short-sleeved shirts, but the weather in the summertime in recent years can reach 25 degrees in her hometown of Iqaluit, close to the Arctic Circle in northern Canada.

Climate change has also impacted the lives of winter hunters from the indigenous Inuit people in Canada.

"Our older hunters, who go out to the land regularly, are sometimes stuck now, and we are conducting more search and rescue missions" said Sheutiapik, the mayor of Iqaluit.

Zurich - The Swiss-based private bank EFG International said Wednesday its profit in 2008 dropped 33 per cent compared to the previous year. The bank's stock closed down about 35 per cent.

Meanwhile, the Pictet and Cie private bank based in Geneva said it would expand its wealth management business, in a move against the current of the global economic downturn.

Zurich - The Swiss-based private bank EFG International said Wednesday its profit in 2008 was down 33 per cent compared to the previous year. The bank's stock dropped about 20 per cent in morning trading.

The asset manager said its profit for 2008 was 221.9 million Swiss francs (191.6 million dollars) on total revenues of 946.3 million, a slight increase over the previous year. If adjusted for non-recurring items, net profit was 280.9 million.

Zurich - Shares in UBS fell Tuesday, hitting a new low on the Zurich exchange, as Switzerland's largest bank said it would fight to keep client information protected.

The stock hit 9.35 Swiss francs during trading, a record low, but did recover slightly to close at 9.85, down 1.5 per cent on the day.

A US judge on Monday gave UBS until April 30 to file a response to a summons against it by authorities there, demanding that the bank hand over some 52,000 names of US clients holding assets in Switzerland. The judge scheduled a trial for July 13.

Zurich  - Shares in the Swiss bank UBS continued their fall on Monday, dropping 9.09 per cent to 10 francs (8.59 dollars), setting a new low for the stock on the Zurich exchange.

On Friday, the stock lost 14 per cent, closing at 11 francs.

The decline in value was seen as a reaction to the investigation in the United States into allegations that UBS employees helped clients commit tax fraud and concerns about the fate of the Alpine country's secret banking laws.

Geneva - There have been over 325,000 announced layoffs in the financial sector since August 2007, the International Labour Organization said Monday, noting that 40 percent of those cuts, or about 130,000 jobs, were made since October of last year.

More job cuts in the financial sector were to be expected as the full extent of the economic crisis became clear, the ILO said. The numbers did not include independent contractors and subcontractors.