Archive – Banking & Fintech

Europe debates tobacco controls

This content was published on Feb 18, 2002 They hope to reach a pan-European agreement on how to combat tobacco consumption ahead of a World Health Organisation (WHO) meeting in Geneva in March. “If European countries, at least, can find a consensus on the essentials that would certainly ease the work in Geneva,” said Thomas Zeltner, director of the federal health office, who…

Report details Swiss toilet habits

This content was published on Feb 17, 2002 The survey, commissioned by a leading toilet paper manufacturer, suggests that women pay a visit to the toilet on average five times a day, while men rush to answer the call of nature only three times every 24 hours. The results of the study also indicate that though men may go to the lavatory less,…

A storm in a coffee cup

This content was published on Feb 17, 2002 Last December, the Swiss Coffee Federation warned that the price of the country’s staple hot beverage would rise by as much as 15 per cent as a result of an increase in wage costs. But according to a survey published by the weekly trade magazine, “Expresso”, there has not been a significant increase in the…

Swiss forecasts low profit margins

This content was published on Feb 16, 2002 A spokesman for Crossair, Manfred Winkler, said the forecast was in line with the business plan drawn up for the new carrier, due to launch on April 1. “We’re not concerned about the forecast, because we know it’ll take time to get the passenger numbers up,” Winkler told swissinfo. “So far, we’re right on track…

Swiss rapped over knuckles for wolf shooting

This content was published on Feb 16, 2002 The Council said it had sent a letter to the Swiss government seeking an explanation after receiving a complaint from the Italian ecological organisation, “Legambiente Lombardia”. “France, Germany and Norway have had the same sort of wolf problems as Switzerland and have resolved them,” said Eliado Fernandez-Galiano, head of natural heritage at the Council of…

“Enronitis” arrives in Switzerland

This content was published on Feb 16, 2002 The affliction refers to the impact of the world’s largest bankruptcy, Enron, and the responsibility big business has not only toward investors and staff but also to society in general. Wednesday’s news that former ABB chief executive officer Percy Barnevik received SFr148 million ($87 million) when he stepped down, and his successor Göran Lindahl received…

Slump delays grand opening of new Zurich terminal

This content was published on Feb 15, 2002 The airport’s board of directors has said construction of a new, 500-metre-long terminal and 27 docking bays would be finished by November, as planned. However, the inauguration and operational use of the so-called dock midfield is to be delayed by 12 to 24 months, the board said. The airport operator, Unique, said the delay was…

Post Office reaches credit deal with UBS

This content was published on Feb 15, 2002 In a statement, the Post Office said the agreement would let it stick to its core activity of payment transactions via post cheques and payment cards, but at the same time offer credit to private and business clients. The state-owned company has more than two million retail clients. From May 2003, UBS will become responsible…

Barnevik leaves Investor over ABB row

This content was published on Feb 15, 2002 Investor’s biggest shareholder, Jacob Wallenberg, said at a news conference on Thursday that he found the level of the payouts paid to Barnevik and to another former ex-ABB CEO, Goran Lindahl, quite undeserved. “We have reached an agreement with Percy Barnevik that he resigns from Investor’s board of directors, effective immediately,” said Wallenberg. The vice-chairman,…

Parliament considers probe of corporate pay practices

This content was published on Feb 14, 2002 Pressure is mounting against Switzerland’s corporate culture to make the often-secret salary packages paid to its top managers transparent. A Swiss parliamentary committee is poised to open an inquiry into the politically sensitive issue next month. The committee’s trigger to investigate corporate remuneration hinges on a motion from centre-left Social Democrat parliamentarian Pierre Chiffelle. The…

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Archive – Banking & Fintech

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Europe debates tobacco controls

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Report details Swiss toilet habits

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A storm in a coffee cup

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Swiss forecasts low profit margins

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Swiss rapped over knuckles for wolf shooting

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“Enronitis” arrives in Switzerland

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Slump delays grand opening of new Zurich terminal

More

Post Office reaches credit deal with UBS

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Barnevik leaves Investor over ABB row

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Parliament considers probe of corporate pay practices

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