Word: zurich
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...banking side, recorded a net loss of €423 million. But in spite of the dire numbers, Mack insists that the company is on track to return to profitability in 2003. Some analysts concur. "They are addressing the right issues," says Heinrich Wiemer, an analyst at Sal. Oppenheim in Zurich. "They are trying to work out the legacies of the past." Those legacies? Badly timed investments and shortsighted management. Five years and 21 billion euros in acquisitions ago, Credit Suisse's then-CEO, Lukas Mühlemann, plotted a course to bolster the firm's insurance business and expand...
...four South African families. Thandi Shezi, a Khulumani project officer, says compensation should run into billions of dollars. The companies call the suits "baseless" and will fight to dismiss them. "You can't hold international investors responsible for the actions of governments," says Monika Dunant, a spokeswoman for Zurich-based bank UBS Group, named in both suits. But South African activists point to successful cases against Swiss banks that held onto money deposited by Holocaust victims, and companies in Nazi Germany that benefitted from forced labor. "If they want to play the international game," says Neville Gabriel of Jubilee South...
...good (me and my group) and those who are evil (everyone else). It is not enough to nurture their own relationship with God; they must also lash out and attempt to extinguish those who belong to other faiths, whom they see as threats to their own salvation. MARK MILNE Zurich...
...other half goes to Kurt W?thrich of, 64, of Swiss Federal Institute of Technology in Zurich and the Scripps Research Institute in San Diego. Like Tanaka and Fenn, W?thrich took an existing high-tech tool and refined it for use on organic molecules. In this case, the technology was nuclear magnetic resonance (better known in its medical diagnostic form as MRI). It works by bathing a lab sample or a human body with electromagnetic energy and carefully measuring how the atoms and molecules respond. It?s not all that difficult when you?re looking for something big - a tumor inside...
Klaus Eckstein hopes that he will never have to go to Zurich. Four years ago the 70-year-old retired schoolteacher, who lives in Cambridge, England, was diagnosed with bladder cancer. The disease was successfully treated with chemotherapy and surgery, "but if it returns and can no longer be cured, I am determined to go to Switzerland," Eckstein says. "I don't want to suffer needlessly." Eckstein would not be traveling to Zurich to see its famous Bahnhofstrasse. He would be part of a small but growing number of non-Swiss known grimly as "death tourists," terminally ill people...