Archive – Banking & Fintech

Switzerland blocks Iraqi assets

This content was published on Jul 2, 2003 The move follows a request by the United Nations to all member states. On Monday the UN published the names of 55 Iraqi officials – including Saddam Hussein and his two sons – who are regarded by the United States as “most wanted”. Tuesday’s decision by the Swiss government means that any assets found in…

Lack of competition keeps Swiss prices high

This content was published on Jul 1, 2003 The economics ministry has blamed high prices on a lack of competition and said the issue needed addressing. Figures from Eurostat, the Statistical Office for the European Commission, show that Swiss prices in 2001 were the highest in Europe, followed by prices in Norway and Denmark. Ever since Eurostat first began compiling these figures in…

Health insurers ditch drug deal

This content was published on Jun 30, 2003 They want pharmacists to sell more generic drugs in a bid to reduce Switzerland’s spiralling health costs. The cost of drugs covered by basic health insurance has continued to rise despite measures agreed by the two parties two years ago. Last year the bill rose 11 per cent to SFr2.5 billion ($1.84 billion), according to…

“Black week” for Swiss economy

This content was published on Jun 30, 2003 The news comes at the end of another bleak week for the Swiss economy, with the loss of around 6,000 jobs. The Swiss Institute for Business Cycle Research (KOF) revised its indicator downwards from –1.02 in April to –1.16 in May. The closely watched indicator points to the likely performance of the Swiss economy in…

A century of pioneering railway achievement

This content was published on Jun 29, 2003 A special event this weekend marked the 100th anniversary of the conquest of the infamous Eiger peak by mechanical means. When the dozens of prominent guests on Saturday got out of the train in the tunnel at the Eiger Wall Station, they were treated for nostalgic reasons to the sound of drilling. It was the…

Swiss role at sea makes waves in new book

This content was published on Jun 28, 2003 It relates how Basel developed as a flourishing port on the River Rhine to become the inland home port for seagoing Swiss cargo ships. “Home Port Basel” describes how the sea-going Swiss navy was created out of necessity during the 1940s to ensure the delivery of vital food supplies and raw materials. Its “home” port…

Experts warn of rise in gambling addiction

This content was published on Jun 28, 2003 They say many addicts run up debts of least SFr50,000 ($37,000) before seeking help. The first new casino opened in the city of Lucerne last June and was followed by Bern, Baden, Lugano and Montreux. The final two – in Basel and St Gallen – are due to open later this year. Operators of these…

Swiss on hunt for new investors

This content was published on Jun 28, 2003 British bank, Barclays, last week confirmed it had been hired to help Swiss win new lines of credit as it restructures itself over the coming months. André Dosé, the airline’s CEO, last week announced plans to reduce the carrier’s capacity and sack one in three of its 9,000-strong workforce. Dosé said he planned to overhaul…

OECD targets Swiss tax rules

This content was published on Jun 27, 2003 The Swiss have been under pressure to scrap tax rules that make the country attractive to foreign holding companies and so-called “PO box firms”. Daniel Eckmann, a spokesman for the Swiss finance ministry, on Friday confirmed the blacklisting which is contained in a preliminary report by the OECD’s “Forum on Harmful Tax Practices”. Switzerland –…

Swissmetro requests new concession

This content was published on Jun 27, 2003 The Swiss government had turned down a similar demand in 1999 because of the lack of proper financial plan. Swissmetro SA also demonstrated a scale model of its system at a press conference on Friday in Bern, along with a new feasibility study for two pilot tracks. Described as a cross between a train without…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Switzerland blocks Iraqi assets

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Lack of competition keeps Swiss prices high

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Health insurers ditch drug deal

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“Black week” for Swiss economy

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A century of pioneering railway achievement

More

Swiss role at sea makes waves in new book

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Experts warn of rise in gambling addiction

More

Swiss on hunt for new investors

More

OECD targets Swiss tax rules

More

Swissmetro requests new concession

Popular Stories

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