Archive – Banking & Fintech

UBS head calls for strong corporate response to terror

This content was published on Nov 10, 2001 In a recent speech to the Swiss-American chamber of commerce, Arnold said September 11 was a defining moment in world history when people started to rethink the principles of the political and economic order. “That day most of us realised we’d been living in a period of international stability, where major conflicts seemed remote,” said…

Helping poorer nations be heard at the WTO

This content was published on Nov 10, 2001 The handful of employees at the Agency for Trade Information and Cooperation (AITIC) have had a lot on their hands in the run-up to the ministerial conference of the World Trade Organisation (WTO) in Doha, Qatar. Trade delegations from developing countries have been seeking the help of AITIC to clarify a point on the Doha…

EU founding fathers honoured in Lausanne

This content was published on Nov 9, 2001 Ex-chancellor Helmut Schmidt and former president Valéry Giscard d’Estaing were awarded the gold medal of the Jean Monnet foundation in Lausanne on Friday. During the ceremony the former president of the European Commission, Jacques Delors, praised the two men for being “manufacturers of the European Monetary System”, which led to the creation of the single…

Airline security to be boosted

This content was published on Nov 9, 2001 The special session of the International Civil Aviation Organisation (ICAO), called in response to the September events, agreed on a series of short-term measures. All hand luggage will now be screened before passengers board aircraft. “This is something we’ve had in Switzerland for quite some time, but it is something new for many countries,” said…

Investors sign on dotted line for new airline

This content was published on Nov 9, 2001 The director of the Federal Finance Ministry, Peter Siegenthaler, told a news conference in Bern on Friday that SFr2.2 billion ($1.34 billion) of the needed SFr2.7 billion had been assured. Some SFr378 million was conditionally accounted for and a further SFr80 million was expected, he added. That leaves SFr69 million to be found to reach…

Retail sales advance despite recession fears

This content was published on Nov 9, 2001 Strong sales revenue in clothing and shoes helped boost the figures according to the latest information from the Federal Statistics Office. It said retail sales increased 2.3 per cent in the first nine months of 2001 versus the same period in 2000. Financial markets, however, largely shrugged off the data and concentrated instead on a…

Swiss favour trade liberalisation

This content was published on Nov 9, 2001 Switzerland, which is represented by Economics Minister Pascal Couchepin, wants a new round of trade negotiations, which would likely to focus on agricultural subsidies, investment and industrial patents. “Our position is that what is good for the multilateral trade system increases the legal security, and therefore, is good for Switzerland,” says Luzius Wasescha, a senior…

Mixed reaction to Swiss airline choice

This content was published on Nov 8, 2001 “Bouw is certainly not a first-rate manager. He’s not a top shot,” aviation specialist Sepp Moser told swissinfo. Bouw, the former chief executive officer of the Netherlands carrier KLM, was named to the post on Wednesday by the steering committee charged with overseeing the new airline. “His strong point is certainly that he has a…

Swiss barbeque champions return home in triumph

This content was published on Nov 8, 2001 The Swiss left South Africa’s best barbeque chefs – until now the undisputed world leaders – staring dejectedly into their cooling “braais” (South African for barbeques), after spearing the top three awards in the competition. The event made history earlier this month because it was the first time South Africa had failed to take the…

Zurich invests in Bermuda start-up

This content was published on Nov 8, 2001 Zurich said on Thursday that the operation would help give Endurance, a new Bermuda-based insurance and reinsurance company being set up by Aon, the world’s number two insurance broker, underwriting capacity in commercial property and casualty insurance. Aon, which is also putting $200 million into the venture, has said it was setting up the underwriter…

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UBS head calls for strong corporate response to terror

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Helping poorer nations be heard at the WTO

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EU founding fathers honoured in Lausanne

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Airline security to be boosted

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Investors sign on dotted line for new airline

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Retail sales advance despite recession fears

More

Swiss favour trade liberalisation

More

Mixed reaction to Swiss airline choice

More

Swiss barbeque champions return home in triumph

More

Zurich invests in Bermuda start-up

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