Archive – Banking & Fintech

Switzerland’s pension scheme explained

This content was published on Oct 4, 2002 The first pillar is the state old age pension and it has been in force since 1948. All people living and working in Switzerland have to contribute to the scheme and it is the minimum cover guaranteed by the state The second pillar, the occupational benefit plan or company pension, is also compulsory, but only…

Parliament supports pension rate cut

This content was published on Oct 3, 2002 The move has angered trade unions who fear it could reduce future claims by up to 25 per cent. Following six hours of debate on Thursday, the House of Representatives followed last week’s lead by the Senate and voted in favour of reducing the guaranteed minimum which has been in force since 1985. However, they…

Greens call for nationwide vote on GM crops

This content was published on Oct 3, 2002 They say they now want to put the issue to a nationwide vote and let the Swiss public have the final say on the matter. After a marathon 11-hour debate in the Swiss parliament, representatives narrowly rejected the proposed five-year moratorium by 90 votes to 83. However, they approved fairly strict regulations on the planting…

Deltavista has all the right answers

This content was published on Oct 3, 2002 Deltavista, which grew from six employees in 1999 to 100 today, has seen demand for its “smart” databases skyrocket as firms increasingly use so-called information brokers. The company earned between SFr10 million ($6.8 million) and SFr15 million last year and expects revenues to double in 2003. While much of the general publishing industry is suffering…

The death throes of Swissair

This content was published on Oct 2, 2002 By October 2, reeling from the effects of September 11, Swissair was forced to ground its entire fleet. Within six months, the airline had disappeared. January 23, 2001 SAirGroup CEO, Philippe Bruggisser, is sacked without notice, leading to a reshuffle at the helm of the airline. Chairman of the board, Eric Honegger, takes over as…

Autumn flavours – wine and cheese

This content was published on Oct 2, 2002 It just so happens that these trails wind their way through Switzerland’s best-known vineyards. But be warned; stopping to sample a glass or two could slow your pace considerably. One of the most scenic routes wanders through the Lavaux wine-growing region. It begins in Lausanne and ends about 30 kilometres later at the medieval castle…

Credit Suisse bails out Winterthur – again

This content was published on Oct 2, 2002 Switzerland’s second-largest financial group also said it expected a “significant net loss” at its loss-making subsidiary to hit its third-quarter figures. The latest cash injection comes just three months after Credit Suisse pumped in SFr1.7 billion to shore up flagging capital at Winterthur. Analysts say the move was widely expected, and is unlikely to boost…

New Novartis arthritis drug could generate billions

This content was published on Oct 1, 2002 Specialists at Lehman Brothers, an American investment bank, forecast that the drug could generate annual sales of SFr 3.26 billion ($2.2 billion). Their optimism was further bolstered on Tuesday when a recent study showed that Prexige was more effective than its nearest rival, Celebrex. A late-stage study into Prexige’s ability to control arthritis pain showed…

Swissair debacle still leaves a bitter taste

This content was published on Oct 1, 2002 Switzerland’s coveted reputation for reliability and high standards took a nosedive alongside the venerable 70-year-old airline. Above all, the grounding of Swissair – amid outrage from stranded passengers, political recriminations and the launch of several investigations – marked the beginning of the end for one of Switzerland’s most globally recognised standard-bearers. For the Swiss themselves,…

GM lobby says crop ban would be fruitless

This content was published on Oct 1, 2002 They claim the ban would also kill off GMO research and force major producers of modified crops abroad. Both arguments form the core message of lobbyists working to block a proposed moratorium on the commercial use of GMOs. With parliament set to decide on a raft of new laws – including a potential liability regime…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Switzerland’s pension scheme explained

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Parliament supports pension rate cut

More

Greens call for nationwide vote on GM crops

More

Deltavista has all the right answers

More

The death throes of Swissair

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Autumn flavours – wine and cheese

More

Credit Suisse bails out Winterthur – again

More

New Novartis arthritis drug could generate billions

More

Swissair debacle still leaves a bitter taste

More

GM lobby says crop ban would be fruitless

Popular Stories

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