Archive – Banking & Fintech

Innovation key as mouse giant roars ahead

This content was published on Apr 23, 2003 Net profit for its fiscal year rose by 32 per cent to $99 million (SFr136.32 million) on sales of $1.1 billion. At a news conference in Zurich, the company’s chairman and co-founder Daniel Borel said it “felt good” to have broken the one billion dollar revenue mark. “It took us 22 years to get there.…

Logitech increases sales and profit

This content was published on Apr 23, 2003 In a statement on Wednesday, the company said operating income for the year had risen 27 per cent to $124 million (SFr170 million). Net income totalled $99 million. Sales were up 17 per cent at $1.1 billion. The figures were slightly better than expected. Analysts had forecast operating income of $122 million and net profit…

Medium-sized firms flee stock market

This content was published on Apr 22, 2003 The latest well-known company to join their ranks is the food manufacturer Hero. For some companies, being listed on the stock market has more cons than pros. “I prefer to turn my back on the stock market,” said Nick Hayek Jr, the CEO of the Swatch group, recently in the Tages-Anzeiger newspaper. “Take the example…

Travel industry proves resistant to crises

This content was published on Apr 22, 2003 As the winter season came to an end, business hotels reported being hard hit but the rest of the industry is proving resistant to the crises. From the swimming pool on the top floor of the swissôtel Zurich, guests can see planes taxiing onto the runway at the city’s international airport. About 80 per cent…

Swiss asbestos victims struggle for compensation

This content was published on Apr 22, 2003 The Organisation for Victims of Asbestos says the long-term effects of working with the mineral fibre have been cloaked in secrecy and victims are often unaware of their rights. “People in the United States know about their rights because of trials that have taken place,” Massimo Aliotta, a lawyer for the Zug-based organisation, told swissinfo.…

Swiss take pride in Belle Epoque steamers

This content was published on Apr 20, 2003 Although their charm is widely appreciated, keeping the steamers shipshape is no easy matter. “When we work on a boat like this, we have to approach it with great care,” said Jean-Marc Naucelle, in charge of restoration work on “La Suisse”, the flagship of the General Navigation Company (CGN) of Lake Geneva. Squeezed into a…

Swiss chairman questions need for a national airline

This content was published on Apr 20, 2003 He also insists the company does not have liquidity problems. In an interview with the business magazine “Finanz und Wirtschaft” on Saturday, Bouw said the aviation market should be more open, and that competing international airlines should cooperate more with each other. His statement comes after speculation last week that Switzerland’s national airline was holding…

Doppelbock: Rund um de Buchnabel

This content was published on Apr 18, 2003

Technology holds key to congestion

This content was published on Apr 18, 2003 But technology is set to come to the rescue of motorists desperate to avoid congestion. Although its use is not yet widespread, transport telematics is likely to be an important part of Switzerland’s future transport policy, according to a recent report by the Swiss centre for technology assessment (TA-Swiss). The system provides in-car traffic information…

Germany limits flights into Zurich

This content was published on Apr 17, 2003 Swiss aviation authorities are warning that the new landing rules, which came into force on Thursday, could lead to passenger delays and increased noise pollution for nearby residents. The restrictions follow last month’s refusal by the Swiss parliament to ratify an aviation accord between Germany and Switzerland. Unique, the operator of Zurich airport, said passengers…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Innovation key as mouse giant roars ahead

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Logitech increases sales and profit

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Medium-sized firms flee stock market

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Travel industry proves resistant to crises

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Swiss asbestos victims struggle for compensation

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Swiss take pride in Belle Epoque steamers

More

Swiss chairman questions need for a national airline

More

Doppelbock: Rund um de Buchnabel

More

Technology holds key to congestion

More

Germany limits flights into Zurich

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