Archive – Banking & Fintech

Swiss defend transport policy amid Gotthard gridlock

This content was published on Jan 11, 2002 Responding to criticism from transport organisations, Hans Werder of the Transport Ministry said the proposals had already been discussed with Switzerland’s neighbours. “We do not think this is a system that is in conflict with any international treaty that we have,” he told swissinfo. The Geneva-based International Transport Union as well as Swiss Road Hauliers’…

FC Lucerne in the clear?

This content was published on Jan 11, 2002 Facing a growing mountain of debt, FC Lucerne’s backers have requested that the club be put into receivership to protect them against their creditors. At a press conference on Friday, though, club officials insisted that they would still be able to produce the SFr 2 million ($1.21 million) that they need to stay in business.…

Swiss entrepreneurs recover their nerve

This content was published on Jan 11, 2002 The Venture 2002 contest, run by McKinsey and Co and the Swiss Federal Institute of Technology attracted 200 business plans from budding entrepreneurs compared with 120 for the last competition in 2000. In the days running up to the deadline, some insiders were worried that people would be deterred from starting a business in the…

Sunday vote to determine airline “Phoenix” plan

This content was published on Jan 11, 2002 Zurich’s voters are being asked to back a SFr300 million ($181 million) investment in a new company to replace the collapsed Swissair. The new airline, yet to be named, is being created around Swissair’s former regional subsidiary, Crossair. Under the phoenix plan, Crossair is to expand its operations to take over 52 of Swissair’s aircraft,…

High Swiss prices anger consumers

This content was published on Jan 11, 2002 The research, carried out by the University of Zürich, showed that goods such as domestic appliances and electronic equipment were often 30 to 50 per cent more expensive in Switzerland than in Germany. A Sony digital camera, for example, cost 1,770 Euros in Germany, but 2,350 Euros in Switzerland. Researcher Felix Prümmer, who worked on…

Government calls for urgent action to reduce traffic chaos

This content was published on Jan 10, 2002 The tunnel, Europe’s main north-south transalpine axis, is used daily by thousands of truck drivers transiting through Switzerland. But in the last few days the approach to the Gotthard has been transformed into a giant parking lot, with trucks waiting in line for up to five hours. To alleviate pressure on the Gotthard, the government…

Chemists raise alarm about fish

This content was published on Jan 10, 2002 The Association of Swiss Cantonal Chemists conducted a study of fish bred in Switzerland, but did not find comparatively high levels of the substances in fish cultivated abroad. The majority of the 204 sample fish that did not comply with acceptable levels of medication were trout, the association said. However, the results from tests conducted…

No big adventures abroad for Swisscom

This content was published on Jan 10, 2002 However, Alder told an audience in Zurich that a share buy back programme was increasingly likely. “The probability that Swisscom will go ahead with a buy back programme has increased,” Alder said, commenting that this would benefit shareholders of the company, in which the government has a 65.5 per cent stake. Alder said the alternative…

Switzerland takes silver in globalisation rankings

This content was published on Jan 10, 2002 The 2002 Globalisation Index, presented by the Foreign Policy Magazine on Thursday in Washington, puts Switzerland just behind the globalisation champion, Ireland. The study used economic and political criteria, as well as each country’s use of the Internet, telephone communications and its citizens’ travels. In 2001, Switzerland was two positions lower, behind Singapore, the Netherlands…

Speculation mounts over name for new airline

This content was published on Jan 10, 2002 The new company will be built from regional carrier Crossair and the remains of Swissair, which went bankrupt last October. All sorts of names have been suggested, from ‘Air Switzerland’, to ‘Swiss Airlines’, to more fanciful ideas such as ‘Phoenix Air’ or even ‘Mountain Air’. But advertising executives and airline industry analysts say the new…

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Swiss defend transport policy amid Gotthard gridlock

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FC Lucerne in the clear?

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Swiss entrepreneurs recover their nerve

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Sunday vote to determine airline “Phoenix” plan

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High Swiss prices anger consumers

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Government calls for urgent action to reduce traffic chaos

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Chemists raise alarm about fish

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No big adventures abroad for Swisscom

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Switzerland takes silver in globalisation rankings

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Speculation mounts over name for new airline

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