Switzerland

Aid workers warn of precarious situation in northern Sri Lanka

United Nations' World Food Programme LogoGeneva - The United Nations' World Food Programme said Friday it had very limited access to the conflict zone in northern Sri Lanka and had not been able to deliver aid for weeks.

A four-hour humanitarian "window" was supposed to be opened each Thursday, but the agency has not been able to send in food aid since January 16, said WFP spokeswoman in Geneva, Emilia Casella.

Buffet to invest 3 billion francs in Swiss Re

Swiss-Re LogoGeneva - Swiss Re, the world's second largest re-insurer, said Thursday it would accept a 3 billion-Swiss-franc (2.58 billion dollars)-investment from US financier Warren Buffet, needed in light of losses suffered last year.

The investment, through Buffet's firm Berkshire Hathaway, would be "significant" the company said, and would help it maintain enough capital to keep an AA credit rating.

Last year the company was expected to have suffered losses about 1 billion francs.

The investment needs to be approved by Swiss Re shareholders.

Swiss export record 17 billion francs in watches in 2008

Swiss watchesGeneva - The Swiss set a new record for themselves, exporting in 2008 some 17 billion francs' (14.7 billion dollars) billion francs) worth of watches, a report released Tuesday said.

While this was an increase of over 6 per cent compared to 2007, the Federation of the Swiss Watch Industry warned that the final months of last year saw a 7.8 per cent decline in exports, as the financial crisis began to be felt across the real economy.

This year, the association said, will begin in the red, continuing the trend, though the highest end timepieces were holding steady through the initial phases of the crisis.

UN begins fourth periodic human rights review session

United Nations LogoGeneva -The United Nations opened its fourth session of the Universal Periodic Review in Geneva on Monday, which will see 16 countries over the next two weeks have their rights records checked and critiqued.

The UN's Human Rights Council, established in 2006, set up a process so that each member state of the international organ will be reviewed once every four years on its human rights policies.

Governments, including of the country in question, the UN and non-governmental groups provide their take on each state's record, and then a body of the Council issues a report with its recommendations.

Adobe CEO: Company Working With Apple To Develop Flash For iPhone

Adobe CEO: Company Working With Apple To Develop Flash For iPhoneAccording to Bloomberg news service, the World Economic Forum in Davos, Switzerland, had Abode CEO Shantanu Narayen talking to reporters about Abode working with Apple, for developing a Flash version to run on the iPhone. Narayen also added that it is no mean task – and, the company has been striving for months!

Narayen told Bloomberg that the project was “a hard technical challenge,” and the responsibility on Abode is “to deliver.”

Schwab announces Global Redesign Initiative, says G20 not enough

Davos, Switzerland  - The World Economic Forum will launch in the upcoming weeks an initiative to focus on reshaping the global financial systems, its founder Klaus Schwab announced Sunday in the closing hours of this year's Davos meeting.

"We will start a Global Redesign Initiative in next few weeks," Schwab said in an impromptu statement.

"It has the support of almost every political leader who was here" at Davos in the past five days, said Schwab, naming specifically UN Secretary General Ban Ki-moon and Chinese Prime Minister Wen Jiabao as backers.

He said the upcoming meeting in April of the Group of 20 industrialized economies (G20) would not be enough to solve the global economic crisis.

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