Archive – Banking & Fintech

SAirGroup reviews French strategy

This content was published on Feb 6, 2001 The news follows the resignation of the head of the French subsidiary group, Paul Reutlinger, at the weekend. Progress in merging the French units, which were to rival Air France in the French market, was slower than expected, partly due to the resistance of French unions to planned job cuts. SAirGroup also recently called a…

Survey reveals E-commerce growing in Switzerland

This content was published on Feb 5, 2001 The upbeat report on the health of Internet shopping comes at a time when analysts have been lamenting a worldwide decline in e-commerce. According to the survey, carried out by the consultant group Ernst & Young, up to 25 per cent of all book, music, software and video transactions will be carried out on the…

ABB wins power contract for London Underground

This content was published on Feb 5, 2001 The system is to replace a London power station dating from 1905, the company said in a statement on Monday. The order is for five static var compensators (SVCs) which control the voltage and stability in power distribution grids. The system will allow London Underground to draw power from more modern power plants, ABB said.…

Swissair in talks with “oneworld” alliance

This content was published on Feb 5, 2001 Speaking in London on Monday, British Airways chief executive, Rod Eddington, confirmed that talks were underway with Swissair but said it was too early to tell whether the Swiss carrier might join the alliance. “We can rule nothing in, and nothing out,” he told reporters at a press conference. The “oneworld” alliance involves some of…

Budget surplus leaps to SFr4.5 billion

This content was published on Feb 5, 2001 The finance ministry said on Monday that+ the difference was due to exceptional income and did not mean a balanced budget was guaranteed in future. It said the surplus was due to the strong economic growth last year and certain unforeseen events, such as company mergers. Spokesman Daniel Eckmann confirmed the figure for the budged…

SAirGroup’s Reutlinger resigns

This content was published on Feb 5, 2001 SAirGroup announced that Reutlinger will leave the company, which controls the national flag carrier, Swissair, at the end of the month. Last August, the 57-year-old was appointed head of the subsidiaries AOM, Air Liberté and Air Littoral, after four years at the helm of the Belgian carrier, Sabena. SAirGroup holds a 49 per cent stake…

Tough decisions ahead for SAirGroup

This content was published on Feb 5, 2001 Aviation specialist Sepp Moser told swissinfo that SAirGroup’s decision not to proceed with the Portuguese deal was to be expected. “It is obvious that Swissair has to pull out of all of these sorts of alliances if it wants to survive.” On Friday, SAirGroup also ruled out participation in a deal with Turkish Airlines, in…

Medical records on the web raise concern about confidentiality

This content was published on Feb 4, 2001 They say that rapid access to records will avoid duplication of analysis and have obvious advantages in emergency cases but they also wish to address concerns about data protection. Digitalisation offers numerous opportunities, says conference organiser, Dr Sergio Bellucci, director of the Centre for Technology Assessment. “One advantage is that a doctor can have very…

New Swiss passport will be “virtually unforgeable”

This content was published on Feb 2, 2001 The commission charged with overseeing the new passport has agreed by a majority of 16 to 4 to adopt the new form of identification. The Senate gave the green light to the change in November 2000, after a proposal from the government. Information contained on the new passport will be stored in a centralised database,…

Geneva entrepreneur locked in legal battle with Time Warner

This content was published on Feb 2, 2001 The dispute is of David and Goliath proportions, and so far David – in the shape of Louis Perdrezat – has the upper hand, having brushed aside the multinational’s accusations of unfair competition and breach of intellectual property rights. After applying first for Swiss and then international registration in November 1998, Perdrezat now owns the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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SAirGroup reviews French strategy

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Survey reveals E-commerce growing in Switzerland

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ABB wins power contract for London Underground

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Swissair in talks with “oneworld” alliance

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Budget surplus leaps to SFr4.5 billion

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SAirGroup’s Reutlinger resigns

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Tough decisions ahead for SAirGroup

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Medical records on the web raise concern about confidentiality

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New Swiss passport will be “virtually unforgeable”

More

Geneva entrepreneur locked in legal battle with Time Warner

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