Archive – Banking & Fintech

Drought-resistant maize gives African farmers new hope

This content was published on Aug 30, 2002 With aid agencies warning that ten to 15 million people are on the brink of starvation the need is greater than ever. The new breed of maize, which is not genetically modified, yields between 30-50 per cent more than normal maize in drought conditions. Swiss support The ongoing project to find more and more varieties…

Swiss boost aid to southern African famine victims

This content was published on Aug 30, 2002 The announcement came on Friday during a one-day Swiss-organised seminar on food security at the Earth summit in Johannesburg. The funds – which are in addition to SFr3 million already made available by the Swiss Agency for Development and Cooperation (SDC) – will be used to buy grain for some of the estimated 13 million…

Swissair crash investigation completed

This content was published on Aug 30, 2002 Four year after the accident, a draft report has been circulated to all involved parties – the final report is expected to be made public early next year. Jean Overney, head of the Swiss investigation office, confirmed that the Swiss Federal Office for Civil Aviation had received a copy of the draft report. He said…

Water tops agenda at Earth summit

This content was published on Aug 29, 2002 Estimates suggest that around 2.5 billion people worldwide do not have access to adequate sanitation, while 1.1 billion are without safe drinking water. Katharina Kummer, a special advisor to the Swiss Agency for Development and Cooperation (SDC) on water-related issues and a member of the Swiss delegation in Johannesburg, says world leaders must make a…

Swiss Re profit plummets by 90 per cent

This content was published on Aug 29, 2002 The result was way below the expectations of analysts who had forecast a bottom line figure of around SFr1 billion. The news sent Swiss Re’s share price tumbling at the stock exchange. It had fallen by more than 11 per cent in early afternoon trading on Thursday to SFr108.50, after closing at SFr122.75 on Wednesday.…

NYSE listed Swiss firms must obey US corporate governance law

This content was published on Aug 29, 2002 The US Securities and Exchange commission (SEC) confirmed that the rules applied to all listed firms following a meeting with Congress. The announcement affects companies such as UBS, Credit Suisse, Novartis, Swisscom and ABB, which are all listed on the New York Stock Exchange. Swiss firms had thought they would be largely unaffected by the…

Advanced Silicon’s high voltage future

This content was published on Aug 28, 2002 Its high-voltage computer chips which drive liquid crystal displays, as well as other peripherals, enable manufacturers to replace customized, expensively processed integrated circuits with its cheaper ones. Hussein Ballan, the founder of Lausanne-based Advanced Silicon, is one of many engineers around the world who have been taking on the challenge of integrating the high voltage…

JSE boss pats Swiss on the back

This content was published on Aug 28, 2002 Speaking at the Swiss Stock Exchange in Zurich he told business leaders that South Africa could now offer some of the best trading services in the world. “We can learn a lot from the Swiss. The whole clearing and settlement and depository system that we have just put into place was acquired from the Swiss…

Swisscom faces fine of SFr1 billion for abusing monopoly

This content was published on Aug 28, 2002 The competition commission said Swisscom had continued enclosing advertisements in its bills to former customers, despite agreeing not to do so. A spokesman for the commission said the investigation would take from three to nine months, and the fine would not be more than 10 per cent sales. Last year, the company’s revenue was SFr14…

Economy shifts up a gear

This content was published on Aug 27, 2002 Switzerland’s top economic research institute said the economy was on an upward path, although it was likely to slow towards the end of year. “The stagnation seen last month in the indicator was of short duration because the latest cyclical data provoke a renewed slightly positive trend,” said the Swiss Institute for Business Cycle Research.…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Drought-resistant maize gives African farmers new hope

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Swiss boost aid to southern African famine victims

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Swissair crash investigation completed

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Water tops agenda at Earth summit

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Swiss Re profit plummets by 90 per cent

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NYSE listed Swiss firms must obey US corporate governance law

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Advanced Silicon’s high voltage future

More

JSE boss pats Swiss on the back

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Swisscom faces fine of SFr1 billion for abusing monopoly

More

Economy shifts up a gear

Popular Stories

Most Discussed