Archive – Banking & Fintech

SGS profit up almost 50 per cent

This content was published on Jul 17, 2003 The Geneva-based company has seen its profits increase for four consecutive semesters. But it announced on Thursday it had cut its medium-term revenue target, blaming the strong Swiss franc for its lowered expectations. SGS, whose activities include product testing and quality verification, reported a first-half net income of SFr100 million ($73 million), beating analysts’ estimates.…

Pilots end dispute with Swiss

This content was published on Jul 16, 2003 The Swiss Pilots Association has accepted the firing of 559 former Crossair pilots, while Aeropers said former Swissair staff would work part-time to avoid lay-offs. Martin Gutknecht, a Swiss Pilots Association spokesman, told swissinfo that pilots who lose their jobs will receive between SFr85,000 and SFr140,000 in redundancy pay. “The remaining pilots cannot be fired…

Pilots bury the hatchet with Swiss

This content was published on Jul 16, 2003 The Swiss Pilots Association said it accepted the firing of 559 former Crossair pilots and would not insist on the application of a court ruling that threatened to derail the company. Martin Gutknecht, a Swiss Pilots Association spokesman, told swissinfo that pilots who lose their jobs will receive between SFr85,000 and SFr140,000 in redundancy pay.…

Swiss design carves out a niche for itself

This content was published on Jul 15, 2003 The new director of the Design Center is the 33-year-old architect Sergio Cavero. Cavero was most recently one of the artistic directors of last year’s national exhibition, Expo .02. He was responsible for the “arteplage” in Yverdon-les-Bains. Dale Bechtel spoke to Cavero about the Langenthal centre and its tasks. swissinfo: How do you define design?…

Tourist board has designs on Langenthal

This content was published on Jul 15, 2003 But like them Langenthal is one of the stops on a new “Luxury and Design” tour of Switzerland. The tour is one of a series of theme routes launched by Switzerland Tourism, and it’s the first time the Bernese town has been promoted in such a way abroad. The “Luxury and Design” booklet is a…

Swiss venture capital investment hits new low

This content was published on Jul 15, 2003 The amount of venture capital invested by both local and foreign investors in Swiss-based companies in the first half of this year totalled SFr60.23 million ($44 million), according to a new report by Tornado Insider Research. If the trend continues, the amount of venture capital raised in 2003 will be less than half the total…

Swiss want to host fight against “dirty dozen”

This content was published on Jul 14, 2003 The Swiss submitted their candidacy at the seventh negotiating round in Geneva of the Stockholm Convention on Persistent Organic Pollutants (POPs). The Convention on POPs, which was adopted in 2001, aims to eliminate 12 highly toxic and persistent chemicals around the world. “POPs are a problem of global dimension,” said Philippe Roch, director of the…

Vasella reveals the chemistry behind Novartis

This content was published on Jul 13, 2003 But Vasella told swissinfo in an exclusive interview that it is uncertain that a merger will ever happen. Vasella explains that the 32.7 per cent Novartis stake in Roche is a long-term strategic investment. A merger, he feels, would have job creation potential for Basel and would strengthen competitiveness. Vasella, who has led Novartis since…

Couchepin calls for swift crash deal

This content was published on Jul 11, 2003 His statement came after a meeting in Moscow with the Russian president, Vladimir Putin, who echoed Couchepin’s words. Putin said the good relations between the two countries would not be affected by the crash, which killed 52 Russian children from the republic of Bashkirian. However Russia did express disappointment that the Swiss air traffic controller…

Dutch firm to back Swiss fuel cell breakthrough

This content was published on Jul 11, 2003 The deal gives Planet Capital Management the right to assess new patents and technologies developed for sustainable energy. At least two types of fuel cell projects are close to market. A portable “power pack” cell won a Location: Switzerland Technology Award last year. It could be used to power wheelchairs or replace small combustion engines…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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SGS profit up almost 50 per cent

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Pilots end dispute with Swiss

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Pilots bury the hatchet with Swiss

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Swiss design carves out a niche for itself

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Tourist board has designs on Langenthal

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Swiss venture capital investment hits new low

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Swiss want to host fight against “dirty dozen”

More

Vasella reveals the chemistry behind Novartis

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Couchepin calls for swift crash deal

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Dutch firm to back Swiss fuel cell breakthrough

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