Archive – Banking & Fintech

Christmas Eve: Nine out of ten households decorate tree

This content was published on Dec 24, 1999 Holly or Ivy may be acceptable, but what the Swiss really want for Christmas is a pine tree illuminated with real candles, rather than electric bulbs. Nine out of ten households in this country of 7 million people have a decorated Christmas tree. Most Swiss celebrate on Christmas Eve. The erstwhile poor country now invests…

Nicollier, Foale give Hubble Telescope new brain

This content was published on Dec 24, 1999 Space shuttle Discovery’s master mechanics Claude Nicollier of Switzerland and Michael Foale from the United States stepped into space on Thursday and replaced the Hubble Space Telescope’s antiquated computer with a newer model. “The brains of Hubble have been replaced,” astronaut John Grunsfeld announced from inside the shuttle as the two spacewalkers outside completed the…

Government to close e-mail box over virus fears

This content was published on Dec 23, 1999 (Reuters) — The Swiss federal government is closing its electronic post box for Internet mail with attachments from midday on December 31 to the morning of January 3 to keep its systems from being infected by computer viruses. The finance ministry said on Thursday that e-mail sent to the federal administration over the year-end period…

Turkey softens stance on Swiss-backed dam project

This content was published on Dec 23, 1999

Swiss tenants cries foul

This content was published on Dec 23, 1999 The Tenant’s Association on Thursday called on the Swiss to challenge higher rents next year, saying landlords had pocketed billions of Swiss francs in the last ten years by not lowering rents when mortgage rates were cut. The association said that, based on its own investigations, tenants paid SFr18.8 billion ($11.8 billion) more to their…

Swissair partner to open subsidiary in California

This content was published on Dec 23, 1999 (AP) — SR Technics, a subsidiary of Swissair parent SAirGroup, said on Thursday it will establish an aircraft maintenance, repair and overhaul operation in the United States, based in Palmdale, California. The Swiss firm and Boeing have signed a memorandum of understanding for SR Technics to buy a hangar facility at Palmdale, SAirGroup said in…

Swisscom to modernise nationwide network

This content was published on Dec 23, 1999 Switzerland’s largest telecommunications company, Swisscom, said on Thursday that it plans to modernise the nationwide telecommunications network in cooperation with Siemens of Germany and United States-based Cisco Systems. Siemens and Cisco will start work as soon as January 2000. Swisscom said it wanted to modernise its network and continue the development of a packet-switched network…

Mobile phones are top Christmas sellers

This content was published on Dec 22, 1999 Telecommunication gadgets such as mobile phones are among this year’s top sellers in Switzerland, where consumer confidence is up and people are again spending more on Christmas presents and the big millennium parties. “I get the impression that everybody wants to walk around with two cell phones,” says Thierry Rueff, merchandising chief at Manor department…

Thirteen major companies form think tank

This content was published on Dec 21, 1999

Oerlikon-Bührle to Acquire Plasma-Therm

This content was published on Dec 21, 1999 Swiss-based Oerlikon-Bührle Holding, a high-technology corporation traded on the Swiss stock exchange, and Plasma-Therm, a leading producer of plasma process equipment, announced on Tuesday they have entered into a definitive agreement to acquire Plasma- Therm through a cash tender offer. The tender offer will begin within five business days at a price of $12.50 per…

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Christmas Eve: Nine out of ten households decorate tree

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Nicollier, Foale give Hubble Telescope new brain

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Government to close e-mail box over virus fears

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Turkey softens stance on Swiss-backed dam project

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Swiss tenants cries foul

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Swissair partner to open subsidiary in California

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Swisscom to modernise nationwide network

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Mobile phones are top Christmas sellers

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Thirteen major companies form think tank

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Oerlikon-Bührle to Acquire Plasma-Therm

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