Archive – Banking & Fintech

Refocus at Vögele

This content was published on Jan 22, 2002 Recently appointed chief executive Daniel Reinhard told a press conference in Zurich that Vögele needed to have a clearer focus on its target customers and collection. He said some 25 people at the head office would work the project and it would take nine months to do. The company reported earlier on Tuesday that its…

Aid to Congo hits stumbling block

This content was published on Jan 21, 2002 There are grave concerns that foreign aid will be slow to reach those affected by last Thursday’s devastating volcano in the Goma region. Much of Goma airport’s runway was engulfed by lava and roads in and out of the area have been cut off. Road and air links disrupted “We understand that a number of…

Switzerland given green thumbs up

This content was published on Jan 21, 2002 A study of five European countries’ environmental track records shows Switzerland leading the field in combating so-called “classical” air pollutants from the burning of fossil fuels. It did better than Denmark, Germany, the Netherlands and Britain despite spending less per head on environmental protection than all the other countries. It did less well in a…

Price watchdog calls on Swisscom to lower charges

This content was published on Jan 21, 2002 Marti told the weekly “Schweizer Illustrierte” magazine that he expected the government to demand the management of Switzerland’s largest telecommunications operator to lower its charges. Broadband technology is used in particular for high-speed access to the Internet. Swisscom does not supply the technology to the general public but to Internet service providers. In the interview,…

Switzerland pledges SFr30 million for Afghan reconstruction

This content was published on Jan 21, 2002 Switzerland made the pledge at a donors’ conference in Tokyo, noting that it would provide SFr30 million ($18.5 million) for the impoverished nation, chiefly for humanitarian work and reconstruction. More than 60 other countries and 20 international organisations attended the two-day talks in Japan, which end on Tuesday. The head of the Swiss Agency for…

Zurich airport passenger numbers plummet in 2001

This content was published on Jan 21, 2002 According to airport authorities, the total number of passengers travelling through Kloten in 2001 was 21 million, 7.4 per cent less than the previous year. The number of aircraft take-offs and landings was also down by 5 per cent, to 309, 250. The figures were in line with estimates, said the authorities, despite a strong…

Belimo boosts sales and earnings

This content was published on Jan 21, 2002 A statement from the company’s headquarters near Zurich said that net sales increased by more than seven per cent to SFr229 million ($137.79 million) compared to the previous year. Net profit of SFr23 million was “slightly higher” than in 2000, the statement added. Belimo said that the result was decisively marked by the relatively low…

Switzerland donates to Afghan reconstruction fund

This content was published on Jan 21, 2002 At a conference in Tokyo on the rebuilding of war-torn Afghanistan, Switzerland said it would donate SFr30 million ($18.5 million) over 2002 and 2003 – mainly for humanitarian work and reconstruction. More than 60 countries are attending the two-day conference in Tokyo. Initial donations were pledged by delegates and by 20 international organisations gathered in…

Green Fairy emerges from the shadows

This content was published on Jan 21, 2002 Popularly known as the “Green Fairy”, absinthe has been banned in most of Europe since before the First World War, and blamed for any number of social ills. But in the Val de Travers, in the Jura foothills between Neuchâtel and Yverdon, this mythical drink – known locally as “The Blue” – is a source…

Building bridges across Kosovo

This content was published on Jan 20, 2002 Since the Swiss army contingent – called Swisscoy, for Swiss Company – began its mission in Kosovo in the same year, engineers belonging to the Pioneer platoon have completed 52 building projects on behalf of local communities. The 30-40 Pioneers – all volunteers – include architects, statisticians, builders and carpenters, and are assisted seven local…

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