Archive – Banking & Fintech

Swiss franc rises with Middle East tension

This content was published on Apr 2, 2002 As fighting erupted in Bethlehem and other West Bank towns on Tuesday, the Swiss franc stood at 1.46 against the euro. “Clearly the Swiss Franc has risen sharply against the euro and the United States dollar in the last few days,” said Hans-Peter Hausheer, a senior economist at UBS. “It’s part of a historic trend,…

Deiss to encourage reforms in Central Asia

This content was published on Apr 2, 2002 Deiss is scheduled to meet the presidents and foreign ministers of the three central Asian republics during his week-long visit. The Swiss foreign ministry said Deiss would encourage the governments in Uzbekistan, Tajikistan and Kyrgyzstan to continue political and economic reforms. Switzerland represents the three Asian republics at the World Bank and the International Monetary…

Rescue choppers busy over Alps

This content was published on Apr 2, 2002 Switzerland’s helicopter rescue services recorded one of their busiest weekends this year – flying over 300 missions between Easter Friday and Monday. The Swiss Air-Rescue service (Rega) said it flew nearly 200 rescues, mostly for people engaged in winter sports such as skiing, ski touring and mountaineering. Rega said at least 80 people were flown…

A risk averse first quarter for Swiss venture funds

This content was published on Apr 2, 2002 It looks like this year the funding of innovative, Swiss firms is echoing the same trends established in 2001. In the first quarter of 2002, eleven Swiss firms raised some 129 million francs in venture capital. Last year, the total number of investments in Swiss companies (disclosed) was 49 firms raising 409 million francs. That…

“swiss” takes off

This content was published on Apr 1, 2002 The company’s chief executive, André Dosé, and 64 other passengers were on board flight LX2991 from Basel to Zurich. The 82-seater AVRO RJ85 Jumbolino took off at 6.42am, landing at Zurich’s Kloten airport around 15 minutes later. The plane was then “christened” with streams of water by airport firefighters after it touched down in Switzerland’s…

Euro shows pricey Swiss goods, raising consumer issues

This content was published on Apr 1, 2002 Switzerland, which is not a member of the European Union, has long had a reputation as a high-price country. Experts blame this on cosy arrangements between multinational manufacturers and Swiss importers and distributors. Consumer advocates believe that customers and retailers are spending billions of francs more than is necessary, because of unfair trading practices. Some…

“swiss” goes the extra mile for frequent flyers

This content was published on Apr 1, 2002 Loyal passengers who chalked up air miles with the defunct Swissair’s frequent flyer programme can have their miles converted into “air kilometres” with the successor airline “swiss”. Every air mile accumulated will be multiplied by 1.6 as per the usual imperial/metric conversion. Crossair chief executive, André Dosé, said the effect would be “to substantially increase…

Canadian style guru sells “swissness” to the Swiss

This content was published on Mar 31, 2002 “Tyler doesn’t like to sit.” That was the answer of Brûlé’s personal assistant when she was asked if he would pose for journalists in one of the first class seats of the new airline. Instead, Brûle opted to stand outside the hangar in front of a plane belonging to “swiss” – a name that he…

Antarctic voyage sets sail

This content was published on Mar 31, 2002 One of the main sponsors of the project is Ernesto Bertarelli, chief executive of the Swiss biotechnology company, Serono. swissinfo reporter Vincent Landon, travelled to Antarctica to witness the clean-up. In the third part of his Antarctic diary, the expedition yacht sets sail among the South Shetland Islands. Part Three: The Voyage King George Island,…

Airline proudly serves old wine in new bottles

This content was published on Mar 31, 2002 The new swiss may have cut a third of the long-haul routes of its fallen predecessor, but in other respects it is sticking closely to the recipe followed by Swissair, keeping its sights firmly focused on the upper end of the market. The buzzword is quality, and the management of the new airline, which is…

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Archive – Banking & Fintech

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Swiss franc rises with Middle East tension

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Deiss to encourage reforms in Central Asia

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Rescue choppers busy over Alps

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A risk averse first quarter for Swiss venture funds

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“swiss” takes off

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Euro shows pricey Swiss goods, raising consumer issues

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“swiss” goes the extra mile for frequent flyers

More

Canadian style guru sells “swissness” to the Swiss

More

Antarctic voyage sets sail

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Airline proudly serves old wine in new bottles

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