Archive – Banking & Fintech

Gotthard tunnel monitored as European traffic mounts

This content was published on Jan 7, 2002 Monday was expected to be the most heavily trafficked day on the road through the Gotthard since the tunnel reopened on December 22 following a deadly fire in October that killed 11 people. Earlier traffic was limited because of the holidays. By late Monday morning, authorities in canton Uri said they considered the tunnel’s reopening…

Crossair and Swissair pilots’ dispute deepens

This content was published on Jan 7, 2002 Crossair pilots expressed their anger at the report through their union, Crossair Cockpit Personnel (CCP). They said the report was “presumptuous” and “arrogant”. Crossair management held talks with Aeropers and CCP on Monday evening in Basel but declined to give details of the discussions. A further meeting has been scheduled for January 16. High quality…

Zurich puts its best face forward to attract foreign investment

This content was published on Jan 6, 2002 Stephan Kux, who is in charge of the canton’s economic development and works in the canton’s economic ministry, has a three-fold task. Firstly he has to market Zurich as a brand name able to attract the world’s biggest companies, as well as taking care of existing companies located in the canton such as Sulzer and…

Business gets back to work

This content was published on Jan 6, 2002 During thin trading at the end of last week, traders saw a move back to technology stocks in the wake of the Nasdaq rally in New York. Companies such as Unaxis and ABB, whose share prices have taken a pounding over the last 12 months, were suddenly back in fashion amid optimism that the US…

Dressing up for January customs

This content was published on Jan 5, 2002 The highlight of the social calendar in the Upper Engadine is the “Schlitteda” -a procession of traditional horse-drawn sleighs. Sleighs were once the main means of transport in the Engadine, and in the 18th and 19th centuries were an integral part of the courting ritual. Men dressed in tails and top hats, take care of…

Solar cells shine in Ticino

This content was published on Jan 5, 2002 Solterra is located on the Swiss-Italian border in the town of Chiasso, and since it was founded in 1994 it has been developing alternatives to traditional power sources. Today it manufactures photovoltaic (PV) cells, modules and systems used to siphon the sun’s rays into useable electricity in homes and businesses. Solar power has become increasingly…

Private company to supply prescription heroin

This content was published on Jan 5, 2002 The small pharmaceutical firm, which was not named for security reasons, was chosen after the government called for tenders early last year. None of the major drug companies showed any interest in the project, according to Swissmedic, Switzerland’s pharmaceutical regulatory authority. Heroin has been medically prescribed to drug addicts since 1993 under a controversial programme.…

Heineken magnate dies at 78

This content was published on Jan 4, 2002 Born in Amsterdam in 1923, Heineken transformed the family business founded by his grandfather in 1864 into one of the largest breweries in the world. He subsequently stepped down as head of the group, becoming president of Heineken Holding. Kidnapped After being kidnapped in 1983, Heineken made only rare public appearances. The ransom paid to…

Good news for Swiss economy: prices stable

This content was published on Jan 4, 2002 The average inflation rate for 2001 was one per cent, well below the two per cent limit with which the Swiss National Bank equates price stability. Average inflation in 2000 was 1.6 per cent and 0.8 per cent in 1999. A figure of 1.1 per cent is being forecast for this year. Domestic goods prices…

World Trade Centre insurance claims widen

This content was published on Jan 4, 2002 Claims against the Swiss Reinsurance Company of Zurich have been broadened by the leaseholder of the buildings, Larry Silverstein. He has petitioned a New York court to expand its case against Swiss Re to include 19 other insurers that underwrote the policy on the centre. Swiss Re, which has the largest liability in the consortium,…

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Archive – Banking & Fintech

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Gotthard tunnel monitored as European traffic mounts

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Crossair and Swissair pilots’ dispute deepens

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Zurich puts its best face forward to attract foreign investment

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Business gets back to work

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Dressing up for January customs

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Solar cells shine in Ticino

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Private company to supply prescription heroin

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Heineken magnate dies at 78

More

Good news for Swiss economy: prices stable

More

World Trade Centre insurance claims widen

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