Archive – Banking & Fintech

Zurich firm delivers deluxe sound in a flat panel

This content was published on Aug 24, 2004 Two-year-old sonicEmotion AG, based in Dielsdorf, Switzerland is delivering speakers that just might be the next wave in sound. Its sound system is based on an emerging technology called Wavefield Synthesis, based on the principle formulated by the Dutch scientist, Christiaan Huygen. Its first practical application in sound systems, however, was in a European Union…

Swatch posts rise in net profit

This content was published on Aug 23, 2004 Releasing its results on Tuesday, the world’s largest watchmaker attributed the improvement to a recovery in demand for luxury goods. Sales topped SFr1.9 billion, up 8.6 per cent on the same period last year. “It’s bang in line with consensus,” analyst James Amoroso from Bank Pictet told swissinfo. Nine analysts polled by Reuters had predicted…

Foreign policy focuses on Europe and UN reform

This content was published on Aug 23, 2004 Speaking at a meeting of the country’s ambassadors in Bern, she also outlined the limitations of Swiss foreign policy. Opening the annual gathering of Switzerland’s top diplomats, Calmy-Rey said she regretted cuts to the country’s development aid budget, which would freeze spending at 2004 levels for the next four years. She also repeated the government’s…

Kuoni narrows loss as trade picks up

This content was published on Aug 20, 2004 The company posted a net loss SFr12.9 million ($10.3 million), compared with a deficit of SFr44.1 million a year ago when the war in Iraq and the Sars virus hit the sector. The Zurich-based travel group said double-digit growth in bookings up to the end of April and a cost-cutting drive had helped to narrow…

Scientists fear nanoparticle threat

This content was published on Aug 20, 2004 They say regulatory measures and more research funding are needed to counter any potential dangers. Over 300 scientists from around the world met at Zurich’s Federal Institute of Technology this week to discuss the effects of ultra fine particles found in diesel soot. While debate continues in this area, the researchers are in agreement that…

Swisscom hangs up on Telekom Austria merger

This content was published on Aug 19, 2004 Switzerland’s main telecoms company announced on Thursday that talks on a possible merger had ended without agreement. The announcement ended almost 18 months of on-off merger talks between the two state-controlled neighbours. Swisscom chief executive Jens Alder said he saw no opportunity for the company to make a deal with TA in the foreseeable future.…

Website aims to net Swiss kids abroad

This content was published on Aug 19, 2004 The launch of the internet platform coincided with the opening of the annual Organisation of the Swiss Abroad (OSA) congress on Friday. “The launch of ‘swisskids’ responds to a need expressed by a number of parents,” explained Gabrielle Keller, editor of “Swiss Review”, a magazine for expatriate Swiss. “We wanted to give the children a…

Zurich doubles profit in first half

This content was published on Aug 19, 2004 Analysts said the result exceeded expectations and showed that Zurich was continuing to benefit from low claims and high premiums. Europe’s seventh-largest insurer said on Thursday its business operating profit had also risen – to $1.948 billion from $1.326 billion in the first half of 2003. “These figures were actually very good, much better than…

Government opposes GM crop moratorium

This content was published on Aug 18, 2004 It said such a move would damage Switzerland’s standing in the field of agricultural research as well as its trade relations with other countries. Put forward by a coalition of environmental groups, consumers and farmers, the people’s initiative calls for a ban on the farming of GM crops for use in food, and the importing…

Swisscom gives Telekom Austria a merger call

This content was published on Aug 18, 2004 On Tuesday, Swisscom confirmed for the first time that it had held talks on a “potential merger”. A terse statement said that after a request of the Austrian takeover commission, Swisscom was confirming that it had held talks with Austria’s privatisation agency, OeIAG, and TA. Swisscom, which has long courted Telekom Austria, commented that no…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Zurich firm delivers deluxe sound in a flat panel

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Swatch posts rise in net profit

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Foreign policy focuses on Europe and UN reform

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Kuoni narrows loss as trade picks up

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Scientists fear nanoparticle threat

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Swisscom hangs up on Telekom Austria merger

More

Website aims to net Swiss kids abroad

More

Zurich doubles profit in first half

More

Government opposes GM crop moratorium

More

Swisscom gives Telekom Austria a merger call

Popular Stories

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