Archive – Banking & Fintech

Chocolate maker that keeps its name under wraps

This content was published on Aug 16, 2003 But one Bern company, Gysi, has been doing just that for decades, creating and developing a niche in the market by selling to some prestigious customers. The clients then feature their own name prominently on Gysi products. “In England, for example, we sell to Harrods of Knightsbridge where we have a counter in the food…

Flextronics buys Swiss cellphone firm

This content was published on Aug 15, 2003 Flextronics will pay $80 million in cash and assume $120 million of Microcell’s debt. Founded in Finland by a large team of researchers and developers that parachuted out of Nokia, Microcell has made a name for itself as developer and manufacturer of wireless terminals. It is known as an original development manufacturer (ODM). All the…

Centerpulse favours Zimmer as profit falls

This content was published on Aug 15, 2003 Centerpulse also announced that first-half net profit fell by 25 per cent to SFr71 million compared with the same period last year. A statement on Friday from Centerpulse headquarters in Zurich said that the board of directors was recommending the Zimmer offer in light of last week’s announcement by British rival Smith and Nephew that…

Young Barix finds networking niche

This content was published on Aug 14, 2003 This is not the first venture for CEO Johannes Rietschel, who established the company in 2001. The previous year, he sold Alcoa, a German-based hardware manufacturer to Lantronix, a NASDAQ traded firm that sells server-side equipment to companies that create remote computing and networking applications. The founders had such a good relationship with Lantronix’ majority…

Swiss films get cash boost

This content was published on Aug 14, 2003 The Swiss Broadcasting Corporation – swissinfo’s parent company – and the Federal Office for Culture have pledged to raise subsidies to around SFr95 million ($69.2 million). The announcement came during the final week of the Locarno film festival and is a welcome shot in the arm according to Francine Brücher of the Zurich-based Swiss Film…

Saddling up horses and mules for historic alpine journey

This content was published on Aug 14, 2003 The mule train begins in Giswil in canton Obwalden. The costumed participants then cross the Brünig Pass following ancient trading routes to the resort of Meiringen before making the long climb over the Grimsel and Gries passes. Like their forefathers, the traders will carry salt and Sbrinz cheese to the Italian village of Formazza where…

Swiss sceptical of US-EU farm reform deal

This content was published on Aug 14, 2003 The proposal, presented at the World Trade Organization on Wednesday night, is aimed at pushing stalled global trade talks forward. The US and EU are hoping the plan will provide a basis for negotiations at the next round of world trade talks in Cancun, Mexico, in September. It addresses the biggest issue dividing rich and…

Communes fear heavy hand of federal government

This content was published on Aug 14, 2003 As it celebrates its 50th anniversary, the Association of Swiss Communes is preparing to launch a new campaign to give its 2,000 members more political clout. The commune is the smallest political unit in Switzerland’s federal system. For most Swiss, allegiance is to the commune first, the canton second and the federal government last. The…

Unions call for salary increase

This content was published on Aug 13, 2003 The federation also criticised the economics minister, Joseph Deiss, for not doing enough to stimulate economic growth. Union leaders said salaries had to increase by a minimum of two per cent if consumer spending and investment were to increase. “Next year will see a drop in employees’ disposable cash, while health insurance and pension fund…

Swiss trains buckle under the heat

This content was published on Aug 13, 2003 The Swiss Federal Railways also said it hoped to improve working conditions in future heatwaves by installing air conditioning in drivers’ cabins on its new trains. The Federal Railways says that around 350 rail repairs are being made each week, compared to the usual average of 250. Certain models of train have handled the heat…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Chocolate maker that keeps its name under wraps

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Flextronics buys Swiss cellphone firm

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Centerpulse favours Zimmer as profit falls

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Young Barix finds networking niche

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Swiss films get cash boost

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Saddling up horses and mules for historic alpine journey

More

Swiss sceptical of US-EU farm reform deal

More

Communes fear heavy hand of federal government

More

Unions call for salary increase

More

Swiss trains buckle under the heat

Popular Stories

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