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Lufthansa boss quits for Roche pharmaceuticals (Update)

The head of German airline Lufthansa, Christoph Franz, will step down at the end of his current contract in May 2014 to head the board of directors at Roche pharmaceutical group, the companies announced on Monday.

Ericsson, STMicroelectronics to cut 1,600 jobs (Update)

Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture.

Ericsson posts Q4 loss, but sales up

Wireless equipment maker Ericsson posted a 6.46 billion kronor ($1.02 billion) loss in the fourth quarter due to a massive one-time charge, but said Thursday its sales rose 5 percent as mobile operators invested in broadband ...

Swiss nuclear reactor shuts down due to defect

A reactor at a Swiss nuclear plant shuts down automatically Wednesday due to a defect, the operator said, stressing that the procedure had been completely safe.

Swiss firm says its new switch to aid green energy (Update)

A Swiss engineering group said Wednesday it has developed a new circuit breaker that will help utilities transfer power over longer distances, making for more efficient and reliable electric supplies.

Children in Switzerland are using mobile phones to go online

In no other country in Europe do more children surf the Web using their mobile phones than in Switzerland. As a study by the University of Zurich shows, children in Switzerland are adept at handling social media—they don't ...

Poland joins European Space Agency

Poland on Thursday becomes the 20th member of the European Space Agency, the country's economy ministry announced.

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