Archive – Banking & Fintech

If the computer fits, wear it

This content was published on Mar 19, 2002 At the electronics laboratory of the Federal Institute of Technology in Zurich, scientists are devoting their efforts to building wearable computers. “The aim is to have a computer unobtrusively integrated in our clothes which is always on and which can help us in our daily business,” laboratory head, Professor Gerhard Tröster, told swissinfo. Combining electronic…

Swiss winemakers show off their wares in London

This content was published on Mar 19, 2002 The event, which took place in the British capital on Tuesday, was attended by 21 of Switzerland’s top wine producers who are trying to convince foreign buyers that Swiss wines can compete with the best. Daniel Lehmann, director of the Swiss Wine Exporters Association, says Swiss wine is still comparatively little known outside the country’s…

Precious Woods plants itself on stock exchange

This content was published on Mar 18, 2002 Founded in 1990, Precious Woods moved to Switzerland from the Virgin Islands last year as part of its plan to go public. The company, whose main shareholders are banks, insurance companies and Swiss pension funds, has issued 180,000 new shares with a nominal value of SFr50 ($30.08) to bring its share capital up to SFr81…

Converium reports huge losses for 2001

This content was published on Mar 18, 2002 The former Zurich Reinsurance business, which went public last December, said in a statement on Monday that losses from the September 11 terrorist attacks in the United States were $289.2 million. Analysts say this is low compared with losses suffered by other reinsurance companies. Converium said it was only “marginally exposed” to asbestos and environmental…

Alpacas graze in Swiss Alps as owner fields offers to sell

This content was published on Mar 18, 2002 Above the village of Termen, the alpacas have found a new home, thousands of miles from their native South America. And they have drawn attention from designers and potential buyers as far away as the United States, and Italy, because of the fine quality of their wool. They belong to the camel family and are…

Post Office to axe 1,000 jobs

This content was published on Mar 17, 2002 At least eight mail sorting centres out of the current 20 will disappear, said François Tissot-Daguette, the company spokesman, confirming a report from the Sunday paper, “SonntagsZeitung”. “We are studying the various possibilities we have,” said the spokesman. “But the restructuring will cost 1,000 jobs, no matter which path we follow.” The first mail sorting…

Swissair rescue efforts continue

This content was published on Mar 17, 2002 “I can confirm that a group of investors have made an offer to buy Swissair,” Jean-Claude Donzel, spokesman for the Swissair Group, told swissinfo. “Our manager, Mario Corti, has informed the Cabinet, the board of the Swissair Group (which has two members), and Karl Wüthrich, who’s the court-appointed administrator of the group,” Donzel added, without…

New Swiss charter airline set to fly

This content was published on Mar 16, 2002 The new company plans to launch its operations next fall, according to its public relations agency Peter Knobel, based in Zug. It will initially employ 180 people, including pilots, crewmembers and ground personnel. The founder of the project, Mario Ritter, lives in the neighbouring principality of Lichtenstein, and is already active in the tourism industry.…

Swiss tourism upbeat after bad season

This content was published on Mar 16, 2002 As the world’s largest tourism fair gets underway in the German capital Berlin this weekend, industry experts are forecasting an increase in visitor numbers over the summer following a depressing winter season. Mauro Ghirardi, head of market research at Switzerland Tourism says that even though the overall number of visitors is expected to drop slightly…

Government defends limits for trucks through Gotthard

This content was published on Mar 15, 2002 In response to calls by several parliamentarians and political parties, the cabinet also said it saw no reason to abandon the alternating one-way system for trucks through the Gotthard tunnel. The statement, published on Friday, rejected allegations that the current traffic management system had led to a chaotic situation on the main transalpine route through…

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If the computer fits, wear it

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Swiss winemakers show off their wares in London

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Precious Woods plants itself on stock exchange

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Converium reports huge losses for 2001

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Alpacas graze in Swiss Alps as owner fields offers to sell

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Post Office to axe 1,000 jobs

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Swissair rescue efforts continue

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New Swiss charter airline set to fly

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Swiss tourism upbeat after bad season

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Government defends limits for trucks through Gotthard

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