Archive – Banking & Fintech

Swiss cows banned from eating grass

This content was published on Mar 1, 2005 But the move has provoked strong opposition from farmers using the plant, while some experts have cast doubt over the evidence used to enforce the ban. The Federal Agriculture Office said that the ban, which came into force on March 1, covers all types of hemp – the plant used to make the cannabis drug.…

Converium posts a heavy annual loss

This content was published on Mar 1, 2005 But the company tried to reassure investors by saying it did not expect to add further to its loss reserves and would continue to stand alone as a reinsurer. Converium, which has its headquarters in Zurich, was forced to raise $420 million in new capital last year to plug an almost $500 million hole in…

Basel firms condemned over toxic waste

This content was published on Mar 1, 2005 The organisation says drums of chemical waste, which have sat untreated for 50 years, are a threat to the environment and communities in both France and Switzerland. On Monday Greenpeace campaigners attempted to draw attention to the situation by transporting three drums of toxic waste to the headquarters of pharmaceutical giant Novartis in Basel. But…

New cookbook has army on frontlines

This content was published on Feb 28, 2005 The cookbook was updated to adapt the food offered in the army to the modern eating habits of young soldiers. The cookbook 60.6 d Kochrezepte, which has been in use since the beginning of this year, contains 190 recipes, 30 of which are new. Reto Walther, the warrant officer and cooking instructor, said that there…

“Green Fairy” comes out of hiding

This content was published on Feb 28, 2005 In Val-de-Travers, where bootleg versions have been made over the years, locals celebrated its new freedom. But others regret they no longer have the thrill of drinking an outlawed tipple. Ludivines, the “Green Fairy” of absinthe, was symbolically removed on Tuesday from the police station in the town of Môtiers in the Jura mountains. Surrounded…

Kudelski cracks code for record results

This content was published on Feb 28, 2005 Total revenue rose 50 per cent to SFr619 million, and operational profit – earnings before interest and tax (Ebit) – increased an impressive 908 per cent to reach SFr101.5 million. Kudelski, a world leader in the field of digital encryption technology for television broadcasts, says the improved results were largely down to renewed demand in…

Salaries go furthest in Swiss cities

This content was published on Feb 28, 2005 The latest update to the Prices and Earnings survey by Swiss bank UBS found that Zurich, Basel, Geneva and Lugano were among the most expensive cities in the world. Zurich and the other Swiss cities listed in the survey, Basel, Geneva and Lugano, came near the top in every category of the survey, which is…

Schindler lifts company profit

This content was published on Feb 28, 2005 Schindler, which is the world leader in escalators, said the result had been helped by a restructuring programme and increased demand in its markets. Turnover was up by 6.9 per cent to SFr8.26 billion, with orders received up by 7.1 per cent at SFr8.43 billion. The net profit figure came in above the average forecast…

Asylum seekers provide pedal power

This content was published on Feb 27, 2005 Come rain or shine, Kingsley Subala from Cameroon and Elvir Isakovic from Bosnia deliver the goods by electric bike in the hilly Zürich district of Höngg. The idea was the brainchild of the EWZ, the city of Zurich’s electricity supplier, which wanted to promote e-bikes at the same time as providing work for asylum applicants.…

Economic growth – do we really need it?

This content was published on Feb 27, 2005 But is that really the case? And what would Switzerland – and the world – look like if gross domestic product (GDP) increased every year as fast as the textbooks say it should. One man who challenges the conventional wisdom is former consumer affairs journalist Urs Paul Gasche, co-author of a best-selling new book called…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss cows banned from eating grass

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Converium posts a heavy annual loss

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Basel firms condemned over toxic waste

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New cookbook has army on frontlines

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“Green Fairy” comes out of hiding

More

Kudelski cracks code for record results

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Salaries go furthest in Swiss cities

More

Schindler lifts company profit

More

Asylum seekers provide pedal power

More

Economic growth – do we really need it?

Popular Stories

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