Archive – Banking & Fintech

India has made noodles out of Modi’s message

This content was published on Nov 12, 2015 By coincidence, what one minister dubbed the country’s “Inspector Raj” was about to take action. A food inspector plucked a Maggi packet from a shop in Uttar Pradesh in January, starting a farcical sequence of events that culminated in Nestlé incinerating 400m packets of innocent noodles. Only this week, after global sales were dented, has…

Stagnant manufacturers plan eurozone relocation

This content was published on Nov 11, 2015 Consultancy firm Deloitte and economic forecasters BAK Basel found that a quarter of the 393 companies surveyed are planning some form of relocation to the eurozone. Some 22% of firms had already boosted eurozone-based production since the Swiss National Bank (SNB) abandoned its defence of the franc in January. A further 22% of firms plan…

Leaders to tackle digital revolution in Davos 2016

This content was published on Nov 10, 2015 More than 2,500 business leaders, politicians and VIPs are expected to travel to the Swiss resort of Davos in canton Graubünden for the 46th annual WEF meeting on January 20-23. The main theme of the 2016 session is “Mastering the Fourth Industrial Revolution”, focusing in particular on the latest developments in mobile internet, chip technology…

Did the Swiss help communist East Germany?

This content was published on Nov 10, 2015 The fall of the wall in 1989 was the end of the repressive East German communist regime, an authority that Switzerland helped prop up, according to Swiss historian Ricardo Tarli. In his book, “Operationsgebiet Schweiz” (Operational area Switzerland), Tarli claims that the rogue regime would have collapsed earlier were it not for Swiss assistance. He…

Nearly half of current jobs could be lost to machines

This content was published on Nov 9, 2015 The study, which was carried out with the Swiss Public Television programme ‘Eco’, concluded that more jobs had been created in the past 25 years “not least thanks to automation”, than had been lost. However, positions where it was unlikely that a machine could take over the main tasks of the role grew “significantly” over…

Historic Swatch collection goes under hammer

This content was published on Nov 9, 2015 Rare 1980s timepieces from Swatch’s heyday were sold at a Geneva auction on Tuesday for CHF1.3 million ($1.3 million). The collection retraces the brand’s early creative period that helped save the Swiss watchmaking industry.

Trade in fake brand-name goods continues to boom

This content was published on Nov 9, 2015 Growing international trade is being matched by the illegal trade in counterfeit products, which particularly affects exporting countries such as Switzerland. Legal sanctions against producers and importers of fake brand-name goods have not stopped the lucrative business.

Fake watches, real diamonds, fairytale film scenery

This content was published on Nov 8, 2015 Here are the top stories we’re following the week of November 9.

The roots of a record-breaking festival

This content was published on Nov 7, 2015 Turnips are the stars of the Räbeliechtliumzug, the “illuminated turnip procession”, which winds through Richterswil on the shores of Lake Zurich.

Kangaroo-like cows could reduce methane emissions

This content was published on Nov 5, 2015 Around 20% of the world’s methane emissions are produced by animals like cows and sheep. Kangaroos have a foregut that is quite similar to a cow’s rumen, the primary fermentation chamber where food is broken down, but produce less methane for their size. A study carried out by scientists from the University of Zurich, the…

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