Archive – Banking & Fintech

Anti-trust authorities probe Coke deal

This content was published on Nov 21, 2000 The Commission said in a statement on Tuesday that it was probing claims that the section on supplying hotels, restaurants and cafes could be anti-competitive. The investigation will examine in particular whether competitors’ products were being sold on discriminating terms. The Commission noted that Coca-Cola’s Sprite, Fanta and Coke brands had a strong market position…

Farming is more competitive but consumers fail to benefit

This content was published on Nov 21, 2000 In its annual report, the office said on Tuesday that the government’s aim to make farming more competitive was bearing fruit. It said the cost of producing agricultural goods in 1999 was on average 23 per cent lower than in the period 1990-92. The report notes that before the agricultural reforms in the 1990s, milk…

Disetronic net profit jumps

This content was published on Nov 21, 2000 The Burgdorf-based enterprise said it expects sales to top the SFr300 million mark for the first time this year. The company makes infusion systems such as insulin pumps. Sales in the first half were SFr145.1 million, up from SFr118.3 million for the first six months of 1999. Sales grew by more than 25 per cent…

Harvesting “gold” in alpine village

This content was published on Nov 21, 2000 But closer inspection reveals something entirely unique: saffron flowers scattered all around the village. This delicate, pale-blue member of the crocus family yields the most expensive of all spices – the red powder that gives zest and optical appeal to many classic Mediterranean and Oriental dishes. The saffron grown in and around Mund has been…

Jewish groups back distribution plan for Holocaust survivors

This content was published on Nov 21, 2000 During the hearing, which started on Monday, Jewish groups and Holocaust survivors were given a chance to express their views on how a $1.25 billion (SFr2.2 billion) settlement should be divided up. The payment was agreed with Switzerland’s two biggest banks, UBS and Credit Suisse, over two years ago, to settle the issue of Holocaust…

Switzerland seeks to boost trade with Latin America

This content was published on Nov 20, 2000 Couchepin, who is accompanied by a high-powered business delegation, hopes to be able to conclude an agreement on free trade and investment protection in Chile. From Chile, Couchepin will travel to Argentina on Wednesday to sign an accord on double taxation. His agenda includes a meeting with the Argentinian president, Fernando de la Rùa, who…

Data gathering sparks fears about customer exploitation

This content was published on Nov 20, 2000 The report, by the government-sponsored Programme for the Assessment of the Consequences of Technology, says customers are unwittingly passing on sensitive information about themselves to businesses, which may exploit the data and sell it on to third parties without consent. The report’s authors say data collection effectively provides “digital DNA” in the form of detailed…

Swiss cheese makers face uncertain future in global market

This content was published on Nov 20, 2000 For 85 years the cheese union supported the cheese makers by buying every kilo of cheese produced at a guaranteed price. But that sort of protectionism has no place in today’s global market, and now that the cheese union has closed its doors, cheese makers have to get out and sell their produce themselves. Cheese…

Unemployment continues downward trend

This content was published on Nov 20, 2000 The latest breakdown of unemployment figures, released on Monday by the State Secretariat for Economic Affairs, shows healthy job growth across many sectors of the economy. The biggest drop in unemployment was recorded in education and research and development, where 147 jobs were created in October. That represents a decline of 7.4 per cent in…

Richemont net profits up 35 per cent

This content was published on Nov 20, 2000 Net earnings increased to SFr712 million ($396 million) compared with SFr616 million over the same period last year. Sales totalled SFr2.55 billion compared with SFr2.27 billion the previous year. But the company was cautious about prospects for the rest of the year. “At this time it is very difficult to make predictions as to the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Anti-trust authorities probe Coke deal

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Farming is more competitive but consumers fail to benefit

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Disetronic net profit jumps

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Harvesting “gold” in alpine village

More

Jewish groups back distribution plan for Holocaust survivors

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Switzerland seeks to boost trade with Latin America

More

Data gathering sparks fears about customer exploitation

More

Swiss cheese makers face uncertain future in global market

More

Unemployment continues downward trend

More

Richemont net profits up 35 per cent

Popular Stories

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