Archive – Banking & Fintech

Winegrowers to meet Couchepin

This content was published on Sep 11, 2001 A delegation of winegrowers received assurances from Manfred Bötsch, head of the Federal Office for Agriculture, that a meeting would take place with the economics minister on his return from Paris. Demonstrators had earlier threatened to occupy the parliament building as well as camp outside if their demands for talks with Couchepin were turned down.…

Winegrowers lead tractor protest to Bern

This content was published on Sep 11, 2001 The Swiss Winegrowers Association and the Swiss Farmers Association say the problem can be attributed to the lifting of protective import tariffs, a step which has led to a flood of foreign wines on the Swiss market. The demonstrators are mainly from the western part of Switzerland. Participant Laurent Carr of the Mont sur Rolle…

Swissair ends joint venture with Mövenpick

This content was published on Sep 10, 2001 “Swissair approached us and offered us its stake in the joint venture. We will acquire the stake at the end of the year,” said Mövenpick spokeswoman, Lilly Frei. No financial details of the transaction have been released. Frei said dissolving the joint venture would not create any adverse conditions for purchasing and that existing contracts…

Economic mission heads to Bulgaria

This content was published on Sep 10, 2001 The visit kicks off in the Bulgarian capital Sofia on Tuesday with a seminar and forum with members of the Bulgarian government and local entrepreneurs. The Swiss delegation hopes to receive first-hand reports on the economic situation in Bulgaria and information on regulations governing economic investment. Syz plans to hold a series of official meetings…

Swissair, federal railways launch disaster relief group

This content was published on Sep 10, 2001 The director of CareLink, Franz Bucher, says current “care teams” of Swissair and the railways will form the two pillars of the new organisation. CareLink’s role will include establishing contact with disaster victims, organising transportation, food and shelter, and providing other practical and emotional support. The first point of contact between Care Link and those…

Swissair denies rumours of debt waivers

This content was published on Sep 10, 2001 The speculation followed a report in the “SonntagsZeitung” of Zurich which claimed that without debt waivers, the group was not in a position to survive. At the stock exchange, shares in Swissair hit a nine-year low before recovering slightly. The share price fell by more than five per cent and closed at SFr78.90 ($46.7). Analysts…

Swissair shares hit nine-year low

This content was published on Sep 10, 2001 Fears about the group’s future were rekindled by weekend newspaper reports that it may have to seek a debt waiver to avoid going out of business. Analysts say investors are worried that the group’s policy of selling its most profitable units will make it impossible for it to return to profit. Swissair had a first…

“Happy” exhibition illustrates clichéd world of advertising

This content was published on Sep 10, 2001 The exhibition, entitled “Happy: the promise of advertising”, attempts to expose the world of commercials on television, radio and advertising hoardings. Slogans, messages and logos from advertisements published and put on display for public consumption in the last century are all part of the exhibits. A television screen shows images used in modern advertising, where…

Bankers’ report to address money-laundering issue

This content was published on Sep 9, 2001 The association will not only address the sector’s performance but also look at the effectiveness of measures to counteract money laundering. Switzerland has been at the centre of a number of high profile money laundering cases in the past few years. However, new regulations have been set out by the association to improve tranparancy and…

Accident bureau warns hikers of mountain dangers

This content was published on Sep 9, 2001 Around 5,500 hikers are involved in accidents every year according to the CAP. More than a dozen hikers have died in the Swiss Alps this year. Good preparation and equipment could help avoid many accidents, says the bureau. Planning one’s route carefully, as well as getting information about the state of paths and the weather…

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