Archive – Banking & Fintech

Smaller firms in need of a kick-start

This content was published on May 8, 2003 Smaller firms, which account for 99 per cent of businesses in Switzerland, have suffered badly amid the economic downturn. Around 1,000 people are due to gather at the two-day forum, which is taking place in Thun, in canton Bern, to discuss ways of optimising basic business conditions. This year’s theme is “Trust and Growth”. “The…

Survivor venture firms ready to invest

This content was published on May 7, 2003 After a number of quarters of much subdued investment activity, investors are a little more upbeat as information technology suppliers are starting to report a return to sales growth. While other venture capital houses may still be occupied looking after existing portfolio companies, established venture capital investment firms, such as Apax Partners, Sofinnova, and Star…

Corporate aviation enjoys a boom

This content was published on May 7, 2003 Geneva is currently hosting the third annual European Business Aviation Conference and expects a record number of visitors to attend the event. The conference allows small private airlines, aircraft manufacturers and multinational companies to get together to see what’s on offer. While major airlines are busy trimming their fleets, last year 4,200 new aircraft were…

Unemployment steady but set to rise

This content was published on May 7, 2003 Seasonal conditions meant that the jobless figure fell slightly to 141,624 last month, halting a recent climb towards five-year highs. “The slight drop in unemployment has been caused by seasonal effects – more workers needed in tourism and construction – and cannot be credited to a market recovery”, commented Jean-Luc Nordmann of the State Secretariat…

Swiss faces its critics

This content was published on May 6, 2003 The future of Swiss was the subject of an at times heated annual meeting of Swiss shareholders in Basel on Tuesday. André Dosé, the CEO of Swiss, used the meeting to defend plans to spin off the airline’s regional network. Swiss expects to launch the new airline – to be known as Swiss Express –…

Credit Suisse returns to profit

This content was published on May 6, 2003 The figures have raised hopes that Switzerland’s second-biggest bank has turned the corner after posting the worst loss in the company’s history in 2002. Last year’s SFr3.3 billion loss was blamed on the global economic downturn and included pre-tax charges of around SFr1 billion to cover lawsuits in the United States. Credit Suisse said on…

Peregrine Falcon chicks huddle on the roof of a Pacific Gas and Electric building in San Francisco, Monday, May 3, 2010

DDT: From miracle chemical to banned pollutant

This content was published on May 6, 2003 One of his experiments involved a compound known as dichloro- diphenyltrichloroethane, originally made by a German chemist in 1874. Müller coated the inside of a glass box with this white, odourless powder and filled it with houseflies. At first nothing happened but by the next morning, all the flies were dead. A fresh batch of…

Central bank relieved at falling franc

This content was published on May 5, 2003 Niklaus Blattner, vice-chairman of the bank’s three-member board, said the SNB was prepared to act should the franc rise suddenly against the euro. Sharp increases in the Swiss currency have been a major concern to exporters and international firms who report in francs. However, the swift end to the war in Iraq has seen the…

Swiss chronology

This content was published on May 5, 2003 November 2001: Andre Dosé becomes CEO of Switzerland’s new airline and KLM former boss, Pieter Bouw, becomes chairman of the board of directors. January 2002: Switzerland’s new national airline is finally baptised “Swiss”. March 2002: Swiss announces it plans to join the OneWorld Alliance by the end of the year. March 2002: The first official…

Reorganised Swiss still facing problems, analyst says

This content was published on May 5, 2003 swissinfo’s Jacob Greber spoke to aviation analyst Sepp Moser about the new strategy and what the future holds for the troubled airline. Moser is one of the country’s leading aviation industry specialists and has closely followed the demise of Swissair and the birth of Swiss. swissinfo: Is this the cure Swiss needs? Sepp Moser: I’m…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Smaller firms in need of a kick-start

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Survivor venture firms ready to invest

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Corporate aviation enjoys a boom

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Unemployment steady but set to rise

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Swiss faces its critics

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Credit Suisse returns to profit

More

DDT: From miracle chemical to banned pollutant

More

Central bank relieved at falling franc

More

Swiss chronology

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Reorganised Swiss still facing problems, analyst says

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