Large Hadron Collider may discover new dimensions

LHCWashington, September 4 : The Large Hadron Collider (LHC), which goes into operation on September 10, might lead to the discovery of new dimensions.

Located on the border of France and Switzerland, the LHC is the world’s largest particle accelerator complex.

According to Professor Etzion, an experimental physicist in high-energy research, ”It is hard to grasp the dimensions of the practical benefits from this project, but we’re expecting to explore the basic forces that hold the world together.”

Swiss army chief resigns amid stalking affair

Roland-NefBerne  - After a weeks-long scandal over allegations of stalking, Swiss Army chief of st

UBS unveils quarterly loss, management shakeout

Zurich  - Shares in Swiss banking giant UBS AG fell Tuesday after the embattled financial house announced plans for a shakeout in its top management in the wake of another quarterly loss.

Zurich-based UBS, which has emerged as one of the prominent victims of the US mortgage meltdown, said it chalked up a loss of 358 million Swiss francs (330 million dollars) in the three months to the end of June.

The second-quarter loss was the group's fourth consecutive quarterly loss and compared to a 11.5-billion-franc loss in the first quarter this year. UBS reported a
5.5-billion-franc profit in the second quarter last year.

Swiss president hopes Marcos' victims to get compensation soon

Manila  - Switzerland's President Pascal Couchepin on Monday expressed hope that the Philippine Congress would soon pass a law compensating nearly 10,000 victims of human rights abuses under the dictatorship of late strongman Ferdinand Marcos.

Couchepin, who was in Manila for a two-day state visit, conveyed to Philippine President Gloria Macapagal Arroyo "the firm expectation of the Swiss government that the Philippine Congress may soon enact the Human Rights Compensation bill," a government statement said.

The statement noted that Arroyo "assured Couchepin that her administration attaches great importance to the speedy passage of the law so that human rights victims may be justly compensated."

Credit Suisse returns to the black in second quarter

ZurichCredit Suisse - Swiss banking giant Credit Suisse said Thursday it returned to the black in the second quarter of 2008, with net earnings of 1.2 billion francs (1.16 billion dollars).

The figure was 62 per cent below the second-quarter 2007 result, but an improvement after the bank had lost 2.15 billion francs in the first quarter this year reflecting the turbulence in the subprime mortgage sector.

Credit Suisse said that in the second quarter all three of its divisions - private banking, investment banking and wealth management - operated at a profit.

Swiss-Libyan diplomatic spat over arrest of Gaddafi son

Berne - Switzerland has advised its citizens not to visit Libya because of a row triggered by the temporary arrest of Moammer Gaddafi's son, officials said Wednesday.

The Swiss Foreign Ministry voiced concern at what it described as "alarming" retaliatory measures introduced by the Libyan leader in the wake of his son Hannibal's detention in Geneva a week ago.

Since last Thursday Gaddafi's government has detained Swiss citizens in Libya, demanded the closure of Swiss firms present in the country and recalled its diplomatic representatives to Switzerland, the ministry said.