Archive – Banking & Fintech

Switzerland calls for more transparency on GM food

This content was published on Mar 31, 2003 On Monday, the Ethics Committee on Non-human Gene Technology argued that the current labelling on food was misleading. The committee, which was appointed to advise the Swiss government on non-human biotechnology and gene technology, says all foodstuffs containing GM organisms should be clearly labelled, irrespective of the percentage of GM crops they contain. Under the…

Swiss boss masters management of decline

This content was published on Mar 29, 2003 In an exclusive interview with swissinfo, Dosé defended the company’s decision to rethink its direction after a last year’s billion-franc loss. “It’s not exactly a pleasure, and sometimes not very motivating, to work in an industry where you basically destroy value every day,” Dosé says. Halting the airlines’ prodigious cash-burn is made more difficult by…

Multinationals tighten grip on bottled water

This content was published on Mar 28, 2003 But critics say that by tapping sources of fresh water, multinationals are squeezing local communities and monopolising what should be a public good. The bottled water market is a lucrative one, dominated by Swiss food giant Nestlé, with a 16.8 per cent share, and France’s Danone, which controls about 14 per cent. And Nestlé shows…

Study finds apprenticeships are profitable

This content was published on Mar 28, 2003 The findings were released ahead of a nationwide vote on May 18 aimed at increasing apprenticeship positions. The study found that companies in Switzerland invested SFr4.8 billion in vocational training in 2000. The return for the firms concerned amounted to SFr5.18 billion – revenues generated by the trainees. The findings were released two months before…

Electrical fire downed Swissair flight 111

This content was published on Mar 27, 2003 That’s the conclusion of Canadian investigators, who released the results of a four-and-a-half year probe into the incident on Thursday. The investigation, which cost over $50 million (SFr68 million), has generated 23 safety recommendations. Switzerland praised the work of the investigators into the crash, which claimed the lives of many Swiss nationals. André Schrade of…

BSE still hard to control

This content was published on Mar 27, 2003 In its first report since it was set up one year ago, the unit says controls of animal feed are good, but that more rigorous practices are needed in the slaughter and disposal of animals and animal waste. Switzerland was the first country on the European continent to register BSE in its cattle – prior…

Swiss Re cuts dividend after posting loss

This content was published on Mar 27, 2003 The first dividend cut in nearly 100 years came as the company reported a loss for 2002 of SFr91 million ($66 million). Swiss Re posted a loss of SFr165 million in 2001. The firm said weak equity markets had pushed it into the red, but added that the outlook for the insurance sector remained bright.…

Swissair crash: legal cases still pending

This content was published on Mar 27, 2003 Since the accident – which killed all 229 people on board – little information about its cause has been brought to light. What is clear, however, is that a fire broke out in the plane and the electricity system failed – both events are thought to have played a central role in the crash. Anton…

Building bridges to New York

This content was published on Mar 27, 2003 A month-long tribute to contemporary Swiss architecture at the city’s renowned Van Alen Institute is showcasing projects ranging from cable cars to bridges. The non-profit organisation, which is “committed to improving the design of the public realm in New York”, regularly hosts architectural competitions, workshops, and public forums. It uses exhibitions like the current show,…

Swatch profits dip

This content was published on Mar 27, 2003 Issuing its annual figures on Thursday, Swatch said that despite a difficult economic climate and the strong franc, it had retained its position as the industry leader. Sales were slightly down on the year before, at SFr632 million (SFr644 million in 2001), but in local currency terms they rose by 2.6 per cent in the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Switzerland calls for more transparency on GM food

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Swiss boss masters management of decline

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Multinationals tighten grip on bottled water

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Study finds apprenticeships are profitable

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Electrical fire downed Swissair flight 111

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BSE still hard to control

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Swiss Re cuts dividend after posting loss

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Swissair crash: legal cases still pending

More

Building bridges to New York

More

Swatch profits dip

Popular Stories

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