Archive – Banking & Fintech

Davos forum celebrates 30 years

This content was published on Jan 31, 2001 The man behind the forum is Professor of Business Administration at Geneva University, Klaus Schwab. It was Schwab who took the initiative in 1970 to invite Europe’s top business leaders to discussions in the Swiss skiing resort of Davos. The success of that first meeting led to the establishment in 1971 of the European Management…

Government unveils plan to slash CO2 emissions by 2010

This content was published on Jan 30, 2001 Called Energy Switzerland, the programme aims to reduce emissions mainly through voluntary measures. However, regulations and a possible tax on CO2 emissions are also foreseen. Presenting the programme in Bern, the energy minister and this year’s president, Moritz Leuenberger, said Energy Switzerland should make an important contribution to sustainable energy provision. Other aims of the…

Swissair pilots warn on pay cuts

This content was published on Jan 30, 2001 The warning on Tuesday, from Aeropers president Marcus Joehl, came a day after SAirGroup chairman, Eric Honegger, said the company was considering opening Swissair up to partners or link it with a global alliance such as OneWorld. Joehl said in an article to be published in the union’s magazine next month that he remembered the…

Saurer sees sales soar

This content was published on Jan 30, 2001 The company said on Tuesday that the increase in sales could be mainly attributed to higher demand for its products in Asia, Europe and Latin America. In 1999, the group made a loss of SFr51.55 million. The best performing division was Saurer’s textile machinery business, which reported sales growth of 80 per cent to SFr1.66…

World leaders faced high-tech criticism in Davos

This content was published on Jan 30, 2001 For the first time, brief e-mail messages were relayed publicly to political and business leaders at the Forum in a special project called “Hello Mr President”. Messages, sent from around the world via Internet and SMS, were beamed by laser onto a 250-square metre stretch of snowbound mountainside above Davos for the five days of…

Nestlé boosts venture with Coca-Cola

This content was published on Jan 30, 2001 On top of the venture’s existing tea and coffee brands – Nestea and Nescafé – Coca-Cola is to add its Tian Yu Di and Yang Guan tea businesses while Nestlé will hand over control of its Belte tea business. These drinks are sold both hot and cold, through machines and retail outlets. A Nestlé spokesman…

Nostalgic races on Grindelwald slopes

This content was published on Jan 30, 2001 Entrants in the first event on February 4 will race specially made bicycles down the slopes. Instead of wheels, the “velogemel” has two metal runners on its wooden frame. It was first developed in 1912 by a local carpenter looking for a fast way to get to his customers on cold, winter days. Although plastic…

Tasty numbers at Lindt and Sprüngli

This content was published on Jan 30, 2001 Although chocolate consumption in Europe rose only slightly, the group continued to outperform the markets, the company said in a statement. Lindt and Sprüngli’s two US subsidiaries also both posted above average figures. The company explained that sales in all product groups such as chocolate bars, pralines and seasonal products, continued to rise. Easter sales…

SAirGroup considers seeking partners for Swissair

This content was published on Jan 30, 2001 Speaking in Basel on Monday, Honegger said that joining a big global airline alliance could be an alternative to the Swissair-led 11- member Qualiflyer alliance. “A sale of Swissair is not a matter of discussion. It is imaginable that we will open up for partners, but we do not want to lose control over Swissair,”…

French-Italian tunnel won’t jeopardise Swiss project

This content was published on Jan 29, 2001 A spokesman at the Swiss ministry of transport said that fears that the Italian-French project might jeopardise the financial feasibility of the NEAT network, estimated to cost an unprecedented SFr30 billion, were unfounded. “We are at least eight years ahead with construction, ” Davide Demicheli told swissinfo. The Italian and French governments gave their signatures…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Davos forum celebrates 30 years

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Government unveils plan to slash CO2 emissions by 2010

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Swissair pilots warn on pay cuts

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Saurer sees sales soar

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World leaders faced high-tech criticism in Davos

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Nestlé boosts venture with Coca-Cola

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Nostalgic races on Grindelwald slopes

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Tasty numbers at Lindt and Sprüngli

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SAirGroup considers seeking partners for Swissair

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French-Italian tunnel won’t jeopardise Swiss project

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