Archive – Banking & Fintech

Swiss deal with China in sight

This content was published on Jun 1, 2000 Talks will take place in Geneva, the headquarters of the WTO, on a landmark trade agreement between the two countries. Switzerland is one of a handful of countries still to reach an accord with the Chinese. The others are Costa Rica, Ecuador, Guatemala and Mexico. China has already overcome the biggest hurdles to entry by…

Prices in Switzerland remain stable

This content was published on May 31, 2000 The latest figures have been released against a backdrop of falling unemployment and an economy in which growth is picking up. Despite coming in at the top end of expectations, they still show that retailers are relatively unwilling to pass on rises in the prices of raw materials to the consumer. However, analysts feel that…

Swiss scientist receives innovation prize

This content was published on May 31, 2000 The Foundation writes that Professor Meyr was one of the first scientists who many years ago decided to concentrate his research work solely on future-oriented digital transmission technology and the computer-supported design of digital signal processing systems. Currently, Meyr and his team are working on the next generation of digital communications systems that will display…

Restructuring at SIG set to bring improvements

This content was published on May 31, 2000 “In the year after next (2002) an operating profit of more than SFr200 million should be possible. This is double the poor result of 1999,” SIG’s chief executive, Roman Boutellier told the Swiss business newspaper ‘Finanz and Wirtschaft’. Earnings at SIG in 1999, before interest and tax, and excluding restructuring costs, were SFr107 million. Including…

Switzerland tries to sell transport policy to Europe

This content was published on May 30, 2000 Speaking at a two-day meeting of European transport ministers in Prague, Leuenberger said such a move not only had environmental benefits but also made sense economically. He said bottlenecks on the motorways indirectly increased transport costs. He also referred to a study, which showed that more than 20,000 people die prematurely each year in France,…

Swissair and American Airlines announce new service

This content was published on May 30, 2000 Swissair and American Airlines announced their partnership last June after Swissair and Delta Airlines had ended their transatlantic alliance. The first joint Swissair/American code sharing flights appeared in November 1999. Now the alliance, which also involves Swissair’s main European partner, Sabena of Belgium, has expanded its network by an extra 100 destinations. „This new flight…

OECD upbeat on Swiss economy

This content was published on May 30, 2000 The OECD says economic recovery is at an early stage, inflation is low and monetary settings should take account of the existing slack in the economy. However, in its latest Economic Outlook, the OECD says stronger efforts should be made to increase competition in the sheltered sectors of the economy to raise productivity and make…

Orange Switzerland welcomes new mobile deal

This content was published on May 30, 2000 The Vodafone AirTouch company had to sell Orange to win regulatory approval for its acquisition of Germany’s Mannesmann. “The alliance between France Telecom and Orange UK is a very positive development. France Telecom has a big presence in the European mobile market, has a lot experience and a big financial strength which can only bring…

Call for action against rising rents

This content was published on May 30, 2000 In a letter, the Association said that rent rises of up to 11 per cent had already been announced in canton Zurich and there were indications that the upward trend would continue. The Association is demanding that the legally permitted rent increases passed on from mortgage rises to tenants be halved. It added that a…

World No-Tobacco Day: Young Swiss smokers a cause for concern

This content was published on May 30, 2000 The Federal Health Office says that smoking is the number one health problem in Switzerland with 8,000 people a year dying from tobacco-related illnesses. Among young people, the figures are sobering. Between 1992 and 1997, the increase within the 15-24 age group was 40 per cent, with a 58 per cent increase in women smokers…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss deal with China in sight

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Prices in Switzerland remain stable

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Swiss scientist receives innovation prize

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Restructuring at SIG set to bring improvements

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Switzerland tries to sell transport policy to Europe

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Swissair and American Airlines announce new service

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OECD upbeat on Swiss economy

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Orange Switzerland welcomes new mobile deal

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Call for action against rising rents

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World No-Tobacco Day: Young Swiss smokers a cause for concern

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