Archive – Banking & Fintech

Railway stations to have free toilets again

This content was published on Dec 11, 2011 The Swiss Federal Railways CEO, Andreas Meyer, told the NZZ am Sonntag newspaper that the adaptations required to make access free of charge will begin in 2012. Meyer told the paper that numerous passengers who refuse to pay up to SFr2 ($2.16) for access to the public bathrooms use the toilets on stationary trains. “In…

Lindt & Sprüngli bunny ruling upheld

This content was published on Dec 9, 2011 The court upheld an earlier ruling by the commerce court in Vienna which ordered Austrian rival Hauswirth to stop producing chocolate bunnies in a gold foil wrapping. The firm must immediately cease production and distribution of the products across the European Union territory. Lindt applied for and received a trademark for its gold tinfoil-wrapped bunny…

New railway timetable comes with extra costs

This content was published on Dec 9, 2011 Paris will be only four hours from Zurich, 30 minutes less than now with the new TGV line. Basel will also be connected with the French capital six times a day in both directions. It will be possible to travel five times a day between Interlaken and the German cities of Frankfurt, Cologne and Hamburg.…

Letter bomb addressed to Deutsche Bank chief

This content was published on Dec 9, 2011 Initial investigations showed the device was a viable bomb and could have caused serious injury, according to the Frankfurt prosecutor’s office and Hessen criminal office. Frankfurt police earlier said the bomb was home made. An Italian anarchist group has claimed responsibility for the letter bomb, and may have sent two more packages, investigators added on Thursday. The…

Cocaine addicts given hope

This content was published on Dec 8, 2011 They have developed a method that erases a trace left by the drug in the brains of mice and reverses addict behaviour to normal. Cocaine is highly addictive; it gives users a buzz but the comedown leaves people wanting more. It is known to leave a trace on the brain, meaning that a relapse could…

Nestlé’s $1.7 billion Chinese deal approved

This content was published on Dec 8, 2011 Nestlé says it will proceed with its plan to buy 60 per cent of Hsu Fu Chi in a deal valued at about $1.7 billion (SFr1.58 billion). The Hsu family will retain the remaining 40 per cent stake. Nestlé said on Thursday it expected Hsu Fu Chi to delist from the Singapore stock exchange by…

Unemployment remains big worry of the Swiss

This content was published on Dec 8, 2011 But unemployment remains the biggest concern, notes the report, which was published on Thursday. Worries about joblessness – including unemployed young people – have traditionally topped the barometer. This year is no exception, despite Switzerland’s relatively low rate of unemployment, measured at 2.8 per cent from June to September. Ranking second on the worry barometer…

Case implicates Basel bank in tax evasion

This content was published on Dec 7, 2011 The case sheds new light on the role of a major Swiss cantonal bank in enabling tax evasion by Americans. A naturalised US citizen born in Iran was charged late on Tuesday with fraud and conspiracy by federal prosecutors in Fort Lauderdale, Florida. The charges against the San Francisco resident refer to his accounts at…

Swiss in spending mood this Christmas

This content was published on Dec 7, 2011 The consulting firm Deloitte found in a survey that on average each Swiss expected to shell out SFr612 ($661) for gifts. While that is down SFr6 on the previous year, the total each household plans to spend on Christmas (shopping, special food, social events) has gone up by SFr3 to SFr1,038. The high cost of…

November jobless rises to 3.1 per cent

This content was published on Dec 7, 2011 Figures released on Wednesday show that there were 121,109 jobless at the end of November, up 5,931 on October. When adjusted for seasonal factors, the unemployment rate stood at three per cent, the same as the previous month. However, there was an improvement on last year, when the rate was 3.6 per cent. 2011 had…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Railway stations to have free toilets again

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Lindt & Sprüngli bunny ruling upheld

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New railway timetable comes with extra costs

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Letter bomb addressed to Deutsche Bank chief

More

Cocaine addicts given hope

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Nestlé’s $1.7 billion Chinese deal approved

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Unemployment remains big worry of the Swiss

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Case implicates Basel bank in tax evasion

More

Swiss in spending mood this Christmas

More

November jobless rises to 3.1 per cent

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