Archive – Banking & Fintech

Scientists seek to plug gaps in computer security

This content was published on Nov 9, 2003 The new Zurich Information Security Centre (ZISC) aims to be a world leader in creating hacker-proof security systems. Virus attacks have paralysed personal computers as well as major mainframe systems in recent years, at the cost to the business world of millions of francs in lost revenue and repairs. Last month a computer worm broke…

Swiss have higher salaries but less buying power

This content was published on Nov 7, 2003 But experts say the nation’s purchasing power is likely to diminish in 2004, as a result of higher taxes and spiralling health insurance premiums. A recent wage survey of companies in 19 industry sectors, published by Switzerland’s largest bank, UBS, predicted that nominal wage levels would rise by just under one per cent in 2004.…

Unemployment climbs to five-year high

This content was published on Nov 7, 2003 The latest data means that job fears will continue to drag on Switzerland’s sluggish economy, but analysts are confident the situation will improve by mid-2004. The State Secretariat for Economic Affairs (Seco) announced on Friday that the number of registered unemployed in October had risen by 4,571 to 151,259. The unemployment rate rose to 3.8…

Swiss innovation competes for fame and fortune

This content was published on Nov 6, 2003 What started out as a place for students to hone their business skills has grown into a nation-wide competition that is also a resource for young entrepreneurs. Swiss television celebrity Kurt Aeschbacher hosted the event with a keynote speech from life science industry titan, Franz B. Humer, CEO and chairman of the board of Roche.…

Retailers bank on improved Christmas sales

This content was published on Nov 6, 2003 The predictions by the retail trade are backed up by the latest consumer confidence figures, which improved slightly in October. “People are going out shopping and enjoying themselves once again,” said Peter Leumann, head of Jelmoli, one of Switzerland’s best-known retailers. Leumann said that October was by far the best month so far this year…

Swiss make the grade in new global private equity report

This content was published on Nov 5, 2003 The Global Private Equity 2002 research report, published by the venture capital firm 3i, provides an insight into the shape of venture capital and private equity on a worldwide scale. Despite often lagging behind the competition, the country made the “top 20” globally in terms of “fastest growth” with 5 percent between 1998 and 2002.…

Raclette to remain exclusive to Valais

This content was published on Nov 4, 2003 The decision has caused upset in the world of cheese making, with companies who make Raclette outside Valais saying they will appeal against it. Raclette is the key ingredient in one of Switzerland’s best-loved dishes. The cheese is melted under a special grill and eaten with potatoes and pickles. But the cheese has been at…

Experts count the real cost of oil

This content was published on Nov 4, 2003 A recent conference in Bern considered what petroleum-importing countries like Switzerland could do to mitigate oil’s noxious effects. “Oil represents the opportunity for real growth and poverty reduction but it has been associated with conflict and decline,” said Paul Collier, director of the centre for the study of African economies (CSAE) at Oxford University. “The…

Credit Suisse moves further up the profit path

This content was published on Nov 4, 2003 The bottom line at Switzerland’s second-largest bank was boosted by the sale of business units, cost cutting measures and the improved financial markets. The figure compared with a net loss of SFr2.148 billion for the same period a year ago. CS said in a statement on Tuesday that its Private Banking unit had reported a…

Kuoni insists sunnier times lie ahead

This content was published on Nov 4, 2003 But the company said the worst was over, predicting an improvement in its fourth-quarter results and sticking to its full-year outlook. “I think one can say that the downturn is over for tourism,” said chief financial officer Max Kratz. “How fast and intensive [growth will come], we will have to see. “Next year we will…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Scientists seek to plug gaps in computer security

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Swiss have higher salaries but less buying power

More

Unemployment climbs to five-year high

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Swiss innovation competes for fame and fortune

More

Retailers bank on improved Christmas sales

More

Swiss make the grade in new global private equity report

More

Raclette to remain exclusive to Valais

More

Experts count the real cost of oil

More

Credit Suisse moves further up the profit path

More

Kuoni insists sunnier times lie ahead

Popular Stories

Most Discussed