Archive – Banking & Fintech

Zurich firm takes off with flight simulators

This content was published on Sep 3, 2003 Zurich-based Elite supplies more than 20,000 flight schools, pilots and airlines with simulators for light aircraft, jets and even a helicopter. Unlike popular computer programmes used by amateur aviation buffs, Elite builds realistic virtual cockpits for trainee pilots. “It’s very realistic. If a pilot goes down, you’d think you’re flying in an aircraft,” Gerhard Thamm,…

Sell-offs could net $500 million for ABB

This content was published on Sep 3, 2003 Experts say the sale could raise $500 million (SFr709 million) and help the company reduce its $8.3 billion debt burden. ABB spokesman Thomas Schmidt said the sell-off – which was announced last year – would include the Moroccan power station, Jorf Lasfar Energy Co and South Africa’s Kruger Mpumelanga international airport. The company has already…

Lantal textiles fly the world

This content was published on Sep 3, 2003 President Bush sits on Lantal fabric every time he flies in Air Force One. And Britain’s Queen Elizabeth walks on the company’s carpet in her aircraft. Lantal has carved out a niche for itself in producing textiles for what can best be described as “moving interiors”. “We are specialists in transportation textiles – fabrics for…

Security fears over hospital data

This content was published on Sep 2, 2003 Michael Böni claims databases at 80 per cent of the country’s hospitals can be cracked using the same computer programme. Parked in his car outside Zurich University Hospital, Böni – whose experiment was sanctioned by the hospital authorities – used a laptop computer to gain access to hundreds of patient files stored on the intensive…

Five years after Halifax, claim still outstanding

This content was published on Sep 2, 2003 All but one claim for compensation against the former national carrier has now been resolved. Families of the victims filed a total of 192 claims against Swissair, the last of which is still being negotiated in the United States between lawyers and Swissair’s insurance company. None of the parties involved in the compensation claims are…

Cultural event is window on glassmaking

This content was published on Sep 2, 2003 On September 13 and 14, the public will be granted access to over 100 cultural monuments and learn about glass in its various forms. The aim of this year’s event is to highlight the history of glass, production methods and use in architecture, arts and crafts. Among the 100 sites are Bern’s cathedral whose stain…

Swiss open door to foreign-run boardrooms

This content was published on Sep 2, 2003 A recent reinterpretation of corporate regulations means boards no longer require a majority of Swiss citizens to be officially registered. Business leaders have welcomed the move as a key first step towards a broader liberalisation of corporate governance in Switzerland. “There is certainly no sense in having people on the board of a company just…

Foul play at Fair Trade Fair

This content was published on Sep 1, 2003 The symbolic match was part of a “Fair Trade Day” designed to raise awareness of the challenges faced by the developing world on the open market. Players cried foul when the referee – who did nothing to hide his impartiality – ensured the rules of play favoured the team from the industrialised world. Footballer-for-the-day Melanie…

Generic drug sales surge

This content was published on Sep 1, 2003 Figures published by VIPS, a Swiss-based umbrella group representing pharmaceutical importers, showed that the industry grew to SFr66.2 million ($47.25 million). VIPS said demand for generics grew as a number of popular and profitable drugs, in particular anti-depressants, saw their patents expire. Despite the dramatic increase in sales growth, generics represented only a small fraction…

Barry Callebaut announces major deal in US

This content was published on Sep 1, 2003 Barry Callebaut is buying the company for a symbolic $1 (SFr1.4) from KJ Jacobs and assuming $16 million in debt. KJ Jacobs holds 69.9 per cent of Barry Callebaut shares and is the family company of German industrialist Klaus Jacobs. In a statement on Monday, Barry Callebaut said the deal would create a platform to…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Zurich firm takes off with flight simulators

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Sell-offs could net $500 million for ABB

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Lantal textiles fly the world

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Security fears over hospital data

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Five years after Halifax, claim still outstanding

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Cultural event is window on glassmaking

More

Swiss open door to foreign-run boardrooms

More

Foul play at Fair Trade Fair

More

Generic drug sales surge

More

Barry Callebaut announces major deal in US

Popular Stories

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