Archive – Banking & Fintech

Swiss balloonist salutes solo heroics

This content was published on Jul 2, 2002 Fossett drifted into aviation history on Tuesday by completing the first solo round-the-world trip in a balloon. The millionaire succeeded at his sixth attempt, crossing an imaginary finishing line south of Australia after travelling 31,000 kilometres in two weeks. On previous occasions, the American had always ended his trip prematurely by crashing somewhere, such as…

Tax breaks to combat poverty

This content was published on Jul 2, 2002 The study by researchers at Bern University recommends granting a tax break to people who work full time but do not earn enough money to stay above the poverty line. Based on figures from 1998, 4.5 per cent of households are classified as “working poor” – accounting for some 284,000 people. The report’s findings were…

Spotlight falls on Swiss air traffic controllers

This content was published on Jul 2, 2002 The two air traffic controllers, who were in charge when the aircraft – a Tupolev 154 charter aircraft belonging to Russia’s Bashkirian Airlines and a Boeing 757 owned by the freight company, DHL – crashed, have been criticised for not reacting to the danger early enough. Swiss aviation expert Sepp Moser told swissinfo that he…

Trucks given green light for Gotthard

This content was published on Jul 2, 2002 However, before two-way traffic flow can begin, the tunnel will have to be fully stabilised, cleaned and a new ventilation system installed. Eleven people died in a fire in the tunnel in October 2001, which caused major structural damage. Leuenberger said this work would not be completed before September, meaning trucks will have to continue…

Infranor finance head admits stealing company funds

This content was published on Jul 2, 2002 Peter Jordi, who has been at the industrial automation company since 1987, has been fired with immediate effect, after giving himself up voluntarily to the authorities. Jordi is said to have stolen the money over the course of the past eight years and lost it on stocks and shares. District prosecutor The case is now…

Inflation falls further

This content was published on Jul 2, 2002 The Swiss Federal Statistics Office in Neuchâtel reported that the inflation rate was 0.3 per cent in June, compared with 0.6 per cent in May and 1.6 per cent in June last year. Swiss consumer prices fell by 0.1 per cent between May and June, mainly due to cheaper prices for heating oil and petrol.…

Many dead after mid-air collision

This content was published on Jul 2, 2002 The two aircraft, a Tupolev 154 charter aircraft belonging to Russia’s Bashkirian Airlines and a Boeing 757 owned by the freight company, DHL, crashed late on Monday night, scattering burning debris across more than 30 kilometres of southern Germany. Rescue workers have recovered 15 bodies from the crash site, just north of Lake Constance, near…

Swiss firms face increased scrutiny

This content was published on Jul 1, 2002 The Swiss Code of Best Practice for Corporate Governance and a new set of rules drawn up by the Swiss Stock Exchange (SWX) in Zurich are both designed to improve corporate transparency. A series of recent scandals, including the collapse of the Swissair Group and a row over pension packages awarded to two former chief…

“swiss” on target for profits by 2004

This content was published on Jul 1, 2002 Speaking during a general assembly of Swiss transport groups, Dose was upbeat about the airline’s performance during its first 100 days and said it would reach its targets by the end of the year, despite difficult market conditions. Dose said 2003 would mark the airline’s turnaround phase, with profits expected by 2004. Flight occupancy had…

Card Guard share price plummets

This content was published on Jul 1, 2002 The news dragged Card Guard’s share price down by more than 52 per cent at the close of trading on Monday at the Zurich stock exchange to SFr8.05 from Friday’s close of SFr16.90. Card Guard, which is based at Schaffhausen, said in a statement on Monday that it expected full year sales to drop to…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss balloonist salutes solo heroics

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Tax breaks to combat poverty

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Spotlight falls on Swiss air traffic controllers

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Trucks given green light for Gotthard

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Infranor finance head admits stealing company funds

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Inflation falls further

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Many dead after mid-air collision

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Swiss firms face increased scrutiny

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“swiss” on target for profits by 2004

More

Card Guard share price plummets

Popular Stories

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