Archive – Banking & Fintech

Insurers count cost of accident-prone Swiss

This content was published on Oct 14, 2004 Insurers paid out more than SFr4.2 billion ($3.4 billion) in 2002, including SFr1 billion to settle claims from road accidents. While the number of workplace accidents has fallen to a record low, those occurring outside work time have reached an all-time high. Insurance companies registered 477,000 non-work-related accidents last year. Swiss accident insurers said on…

Swiss remain competitive despite ratings slip

This content was published on Oct 13, 2004 In its latest Global Competitiveness Report, the Geneva-based World Economic Forum noted that the country’s “inefficient bureaucracy” was stifling economic progress. The 2004-2005 report, published on Wednesday, saw Switzerland drop one place to eighth – after slipping from sixth the previous year. Finland headed the rankings for the second year in a row, with the…

Swiss to discuss new tax accord with Japan

This content was published on Oct 13, 2004 Japanese finance minister Sadakazu Tanigaki agreed to re-examine the issue during talks on Wednesday with Swiss President Joseph Deiss. A spokesman for the Swiss economics ministry said on Wednesday that Deiss now intended to invite a Japanese delegation to Switzerland in January to discuss technical details of a revised accord. Japan has recently reached a…

Deiss hails economic ties with Japan

This content was published on Oct 13, 2004 Talks between the Swiss president, Joseph Deiss, and the Japanese finance minister, Sadakazu Tanigaki, have resulted in an agreement on double taxation. The Japanese Prime Minister, Junichiro Koizumi, said he shared the Swiss view that existing cooperation efforts, particularly in the areas of biotechnology and nanotechnology, should be extended, but gave few concrete details. The…

Workers find new strength in numbers

This content was published on Oct 12, 2004 Co-president Renzo Ambrosetti told swissinfo that he hoped labour relations would remain peaceful but that Unia would not be intimidated by “neo-liberal ideologues”. The new union promises to be a formidable fixture on the political and economic landscape, representing workers from the construction and engineering industries as well as the retail and catering sectors. The…

Public transport keeps economy on track

This content was published on Oct 11, 2004 A new study shows that public transport plays an important role in the economy and is one of the country’s biggest employers. The independent study released on Monday says public transport generates 7.8 per cent of Switzerland’s gross domestic product, and that 303,000 full-time employees – about one in ten in Switzerland – depend on…

Skyguide says cuts will not compromise safety

This content was published on Oct 11, 2004 The agency said this would mean job losses and the abandonment of some projects, but it insisted that safety would not be compromised. “That is an area which is not affected. On the contrary, we are investing in it. In the mid-term, we are even going to create jobs in the area of safety,” company…

Union says Alstom to slash 650 jobs

This content was published on Oct 7, 2004 The jobs are to go over the next 18 months at two of the company’s plants in the northern canton of Aargau. The company has made no public statement about the cuts. But the SMUV union, which represents workers in the machine and electrical industries, says employees were informed that the jobs would go by…

Swiss Re awaits hefty claims from stormy weather

This content was published on Oct 7, 2004 Swiss Re said on Thursday that the last major hurricane, Jeanne, which devastated Haiti, would probably result in claims of $150 million alone. In a statement from its Zurich headquarters, Swiss Re insisted it was still aiming to hit its operating target for the year as a whole. But analysts said the size of the…

House opens “last mile” to competition

This content was published on Oct 7, 2004 The country’s largest telecommunications operator protested the decision on Thursday, saying it would discourage investment in infrastructure. The House of Representatives accepted a compromise plan from the Right which will give Swisscom’s competitors direct access to the company’s copper-wire network into people’s homes. Customers today can choose their provider, but still have to pay a…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Insurers count cost of accident-prone Swiss

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Swiss remain competitive despite ratings slip

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Swiss to discuss new tax accord with Japan

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Deiss hails economic ties with Japan

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Workers find new strength in numbers

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Public transport keeps economy on track

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Skyguide says cuts will not compromise safety

More

Union says Alstom to slash 650 jobs

More

Swiss Re awaits hefty claims from stormy weather

More

House opens “last mile” to competition

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