Archive – Banking & Fintech

Adecco strikes fear into European markets

This content was published on Jan 12, 2004 News that Adecco had found accounting irregularities sent European stock markets sliding. Within seconds of the announcement, around SFr7 billion ($5.7 billion) was wiped off the company’s value as investors rushed to sell their shares. “Investors are rightly saying that they want to keep very clear of the shares until they become more sure about…

Social development

This content was published on Jan 12, 2004 Land privatisation in the 1990s turned Kyrgyzstan’s collective farm workers into independent farmers. However, disputes over land and a lack of agricultural knowledge have made life difficult. The Soviet system ensured a high standard of health care for ordinary people. But the system deteriorated after independence and hospitals slid into disrepair. People living on the…

Economic transition

This content was published on Jan 12, 2004 After the collapse of the Soviet Union, Central Asia’s republics lost their economic lifeline to Russia. Kyrgyzstan has adopted an open market, while the governments of neighbouring countries such as Uzbekistan continue to run centrally-controlled economies. New businesses complain of having to cope with lingering Soviet-era mentalities as well as a pervasive culture of corruption.…

Helvetistan

This content was published on Jan 12, 2004 Switzerland has been engaged in Central Asia since the region’s republics gained independence in 1991. In 1992 Switzerland formed a voting block at the World Bank, the International Monetary Fund and the European Bank for Reconstruction and Development. The group includes Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and Azerbaijan and is known as “Helvetistan”. The Swiss government’s…

Economic transition

This content was published on Jan 12, 2004

Shares dive at Adecco on news of irregularities

This content was published on Jan 12, 2004 The company’s share price plunged to SFr47.60 ($39.17) on the news, down more than 40 per cent on Friday’s close of SFr81.80. Adecco, which is based at Glattbrugg near Zurich, said in a statement that it had discovered “material weakness” in its internal controls in North America. The company also said it had found “possible…

IMD students to coach 19 start-ups

This content was published on Jan 12, 2004 Fifteen of the firms are due to work with full-time MBA students while four will collaborate with the Executive MBA class during the first half of 2004. The IMD teams dedicate up to 500 man-hours to the start-up firms’ management. The effort, led by Professor Benoit Leleux and Jim Pulcrano is supported by Switzerland’s CTI/KTI…

English magazines launched in Zurich and Geneva

This content was published on Jan 11, 2004 Two new publications have been launched in an effort to capture a share of Switzerland’s English-speaking readership in Geneva and Zurich. At the beginning of December a group of private investors launched “Cream” magazine, which focuses on life in Zurich. Cream followed in the footsteps of “GEM” – or “Geneva’s English-speaking Magazine” – which launched…

Swiss expert leads fights against computer viruses

This content was published on Jan 11, 2004 swissinfo spoke to Urs Gattiker, a Swiss expert on internet security, about efforts to prevent similar attacks in the future. Gattiker, who is professor of management and information science at the International School of New Media (ISNM) at the University of Lübeck in Germany, has written a number of books on information security. He is…

The alchemist chef of the Emmental

This content was published on Jan 10, 2004 Stones, gold, silver, hay, moss, wood and coal are just a few of the ingredients he uses to push culinary boundaries. The bizarre recipes, which feature in his recently published cookery book, “Gold, Wood, Stone”, are the product of weeks of experimentation in his kitchen at the Rössli Inn, in the picturesque village of Escholzmatt…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Adecco strikes fear into European markets

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Social development

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Economic transition

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Helvetistan

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Economic transition

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Shares dive at Adecco on news of irregularities

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IMD students to coach 19 start-ups

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English magazines launched in Zurich and Geneva

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Swiss expert leads fights against computer viruses

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The alchemist chef of the Emmental

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