Archive – Banking & Fintech

High-tech gives textile industry new life

This content was published on Jul 16, 2012 There has been a lot of buzz about the Swiss Solar Impulse project, which aims to fly the first solar-powered plane around the world in 2014. But who’s thinking about what the pilot will wear? Textile engineers at the Swiss Federal Laboratories for Materials Science and Technology (Empa) have been and it won’t be your typical…

German taxman reported to buy new CD of data

This content was published on Jul 14, 2012 The Financial Times Deutschland reported on Saturday that tax authorities in North Rhine-Westphalia in Germany’s west had authorised the payment of €3.5 million (SFr4.21 million) for the CD. Coutts is a subsidiary of the Royal Bank of Scotland. The paper first reported existence of the CD in November last year. But in an email response…

European tax probes are headache for Swiss banks

This content was published on Jul 11, 2012 At the same time, German newspaper the Handelsblatt has reported that up to 7,000 Credit Suisse clients are being targeted by a separate tax evasion investigation in Germany. French prosecutors searched UBS offices in Bordeaux on Tuesday, reportedly looking for evidence that the bank had helped wealthy clients to illegally funnel money into Switzerland under…

Study shows improvement in corporate transparency

This content was published on Jul 10, 2012 Released on Tuesday, “Transparency in Corporate Reporting: An assessment of the World’s Largest Companies” analysed publicly available information from the websites of the world’s 105 largest companies. Overall, when the three areas examined by TI were combined, Swiss company Novartis ranked 12th, followed by Roche, 31, Nestlé, 34, and Credit Suisse, 44. At the top…

Austria ratifies tax deal

This content was published on Jul 6, 2012 The Social Democrat and Conservative parties, both members of the governing coalition, voted in favour of the accord, which should come into force on January 1. The Swiss parliament had already ratified it during its summer session. Austrian Finance Minister Maria Fekter told parliament that it would be wishful thinking to expect the Swiss to…

Rebuilding Libya a low priority for Swiss firms

This content was published on Jul 6, 2012 While some firms may be coy about revealing their interests, it appears that others have been put off by the arrest and imprisonment of ABB workers in 2008 and the continued unpredictability in the country ahead of this week’s elections. Not even the lure of lucrative contracts to rebuild Libya’s war-torn infrastructure and the presence…

Chinese timepieces give tourbillons a whirl

This content was published on Jul 5, 2012 The imposing statue of the late Chairman Mao Zedong still watches over the entrance of the Beijing Watch Factory in the Changping district in northern Beijing. A symbol of China’s economic power, it remains a relic from the past as market forces steadily play a greater role and the country opens up to the rest…

Swiss crack down on fake watches from China

This content was published on Jul 5, 2012 If you look at it very, very closely, you can detect a few irregularities: a screw slot with a microscopic fault in it, a piece of the carbon casing replaced by plastic, or the absence of anti-glare glass. But apart from these details, which even experts have trouble detecting at a glance, the fake Hublot…

Energy Agency worried by withdrawal “challenges”

This content was published on Jul 3, 2012 The IEA added that demand is in fact likely to rise in the next few years. The country will have to take wide-ranging accompanying measures if it is to meet the challenges of its proposed abandonment of nuclear energy by 2050, says an IEA report presented at a news conference in Bern on Tuesday. Switzerland…

Compromise reached in Zurich airport row

This content was published on Jul 2, 2012 After five rounds of negotiations, Transport Minister Doris Leuthard said delegations from both countries had agreed on Monday a state treaty concerning flight noise. Flights over southern Germany heading to and from Zurich airport will be affected, with changes set to come into effect after required runway extensions, but at any rate by 2020. Evening…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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High-tech gives textile industry new life

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German taxman reported to buy new CD of data

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European tax probes are headache for Swiss banks

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Study shows improvement in corporate transparency

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Austria ratifies tax deal

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Rebuilding Libya a low priority for Swiss firms

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Chinese timepieces give tourbillons a whirl

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Swiss crack down on fake watches from China

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Energy Agency worried by withdrawal “challenges”

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Compromise reached in Zurich airport row

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