Archive – Banking & Fintech

Galenica reports a successful 2001

This content was published on Feb 4, 2002 Galenica, which is based in Bern, said in a statement on Monday that it had again enjoyed a “highly successful” year. It added that it had succeeded in expanding services and production, enlarging its global network and building up its chain of pharmacies. Among other things, the company manufactures and markets pharmaceutical products, manages pharmacies,…

Ovaltine and Isostar up for sale

This content was published on Feb 4, 2002 Among the brands up for sale are Ovaltine (Ovomaltine in Switzerland), Isostar and Céréal. Generations of children in Britain may remember that there used to be a club called the Ovaltineys and an accompanying radio programme. Novartis said in a statement on Monday that its Consumer Health Sector intended to divest its Health and Functional…

Expo.02 still counting on the public purse

This content was published on Feb 4, 2002 There are 100 days left before the opening of Expo.02. Does the national exhibition creep into your dreams at night? Steinegger: Expo.02 shouldn’t creep otherwise we’ll need more than 100 days to make it happen. The event is becoming ever more concrete, and the mood is relatively good, but there are still many problems to…

Protestors rally against WEF in New York

This content was published on Feb 2, 2002 The Forum has become a regular target for a coalition of groups disenchanted with mainstream politicians and business leaders they hold responsible for much of the poverty and misery that exists in the world today. Banners at the demonstration voiced a range of protests from corporate greed to sanctions against Iraq to the war in…

Economic slump dominates Social Forum

This content was published on Feb 2, 2002 Thousands of kilometres south of the World Economic Forum (WEF) in New York City, delegates at the alternative summit in Porto Alegre examined ways of ensuring more stable and equitable world growth. The conference, now in its second year, developed out of a desire to give organisations and individuals a forum to discuss their opposition…

Economic forum: from humble beginnings to global event

This content was published on Feb 2, 2002 The man behind the forum is Professor of Business Administration at Geneva University, Klaus Schwab. It was Schwab who took the initiative in 1970 to invite Europe’s top business leaders to discussions in the Swiss ski resort of Davos. The success of that first meeting led to the establishment in 1971 of the European Management…

Swiss industry’s decline continues

This content was published on Feb 2, 2002 The latest UBS survey of 350 companies found that the current “sharp” downturn had yet to bottom out and warned of “distinctly bleak prospects” for the short term. However, the Swiss economy, which has steadily lost momentum since autumn 2000, is expected to begin its recovery by the middle of the year at the latest,…

WEF guests wowed by Swiss flavours

This content was published on Feb 2, 2002 Mosimann, aided by a personal crew of six assistants and more than 100 chefs, served up Swiss dishes, such as “Rösti” and “Raclette”, to around 1,000 diners at the Waldorf Astoria. “I was asked to use Swiss ingredients as much as possible,” the Davos cook told swissinfo. “But I also had to include local ingredients.”…

Charity ball to revive 19th century grandeur

This content was published on Feb 2, 2002 A big band will perform hits from the swing era and paying guests (SFr300 per person) can help themselves to a rich buffet dinner at the charity ball on February 8. The doors open at 7:15pm. The organisers plan on donating at least SFr40,000 of the proceeds to Unicef projects to aid orphans in Rwanda.…

Another record year for Swiss watch industry

This content was published on Feb 1, 2002 Exports increased by 3.5 per cent to reach SFr10.7 billion ($6.23 billion), according to a report released on Friday by the Federation of the Swiss Watch Industry in Biel. However, exports decreased significantly in December, with a 14 per cent drop. Swiss watchmakers expect results for 2002 to be at best similar to those of…

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Galenica reports a successful 2001

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Ovaltine and Isostar up for sale

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Expo.02 still counting on the public purse

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Protestors rally against WEF in New York

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Economic slump dominates Social Forum

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Economic forum: from humble beginnings to global event

More

Swiss industry’s decline continues

More

WEF guests wowed by Swiss flavours

More

Charity ball to revive 19th century grandeur

More

Another record year for Swiss watch industry

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