Archive – Banking & Fintech

Jobless rate set to surge

This content was published on Oct 2, 2003 But while there is little hope of growth within the job market, Switzerland’s stagnant economy is due to show modest signs of recovery next year. “Next year, we’ll see positive growth,” said Bernd Schips, the head of the Swiss Institute for Business Cycle Research (KOF). Schips said the economy, after stagnating in 2003, would bounce…

Telecoms operators link up with European market

This content was published on Oct 1, 2003 The new alliance, which covers 40 million subscribers, follows earlier European tie-ups involving local competitors Swisscom and Orange. Sunrise and its partners in Spain, Germany, Britain, Ireland, Austria, Hungary, Norway and Italy plan initially to offer extended voice and data services to their customers across Europe. In a second phase, the alliance will offer new…

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This content was published on Sep 30, 2003 swissinfo/Radio Svizzera Internazionale (RSI) swissinfo/Swiss Radio International (SRI) is a group company of the Swiss Broadcasting Company SSR idée suisse (Swiss Radio and Television Corporation). The aim of swissinfo is to inform Swiss citizens who live abroad about events in their homeland and of increasing awareness of Switzerland abroad. In addition to its short wave…

Cash boost for research fails to appease academics

This content was published on Sep 30, 2003 But it limited the budget’s annual growth rate to five per cent, disappointing academics and scientists, who wanted double that amount. They warn this could harm Switzerland’s position as a centre for research. The SFr16.9 billion package for education, research and technology was confirmed by the House of Representatives on Tuesday. This is SFr2.7 billion…

Venture-backed Axovan acquired by Actelion

This content was published on Sep 30, 2003 Actelion said the value of the transaction was estimated at anywhere between SFr60 and SFr252 million, depending on how product development advances. The start-up company has been making progress in developing new drugs for post-aneurysm patients. It employs 50 people, according to its website. The company had raised more than SFr38 million ($29 million) in…

Swiss folk finance funky ideas

This content was published on Sep 30, 2003 A kicker in the deal was that for every Easy Glider bought, the “investor” would receive a share of the profits – up to ten times the money. The offer helped the firm to raise more than SFr500,000 ($380,000) so it could afford to go into production. In the meantime its engineers figured out a…

Swiss need not fear the dark

This content was published on Sep 29, 2003 Switzerland, though, seems likely to avoid a similar outage. Swiss Electric, the umbrella organisation representing the country’s electricity suppliers, thinks that a blackout on the Italian scale is improbable. Werner Graber, a member of Swiss Electric’s management board, told swissinfo that the quality of the Swiss network ensured that such a scenario was unlikely. “You…

Swiss launch e-government initiative

This content was published on Sep 29, 2003 The project aims to cut down on bureaucracy and boost Switzerland’s e-government ranking compared with other European nations. On Monday, a national project was launched to better coordinate the internet activities of Switzerland’s vast patchwork of cantons and communes, which are currently responsible for their own websites. The economics minister, Joseph Deiss, said the initiative,…

Gourmet Week showcases Swiss cuisine

This content was published on Sep 28, 2003 swissinfo caught up with the renowned Swiss chef, Annagret Schlumpf, who talked about the event, as well as Swiss cuisine and her love of regional food. The aim of Gourmet Week – which was held from September 18-28 – is to raise awareness about Swiss gastronomy, especially among young people. The quality of local produce…

Last orders for absinthe ban

This content was published on Sep 26, 2003 In a week when parliament rejected proposals to decriminalise cannabis, it gave the green light to moves to lift the ban on the toxic tipple. The Senate’s decision paves the way for a formal proposal legalising production of the drink, to be introduced into parliament next year. Urs Klemm, deputy director of the Federal Health…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Jobless rate set to surge

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Telecoms operators link up with European market

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Print

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Cash boost for research fails to appease academics

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Venture-backed Axovan acquired by Actelion

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Swiss folk finance funky ideas

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Swiss need not fear the dark

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Swiss launch e-government initiative

More

Gourmet Week showcases Swiss cuisine

More

Last orders for absinthe ban

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