Archive – Banking & Fintech

Where Zurich goes for sweet treats

This content was published on Apr 18, 2011 The company, which has the same origin but is now separate from the multinational Lindt & Sprüngli, is celebrating its 175th anniversary this year. It is now run by the sixth generation of the family. Easter is a busy time at the flagship store. The windows are brightly decorated with colourful treats; inside a man…

Basel tries to break down integration barriers

This content was published on Apr 18, 2011 Basel, with its multinational pharmaceutical companies, is attracting more and more skilled workers from abroad. Indeed, expats – people who come to work on a short-term (two to four years) basis – now account for eight per cent of Basel’s population and make an important contribution to the local economy. The figure looks set to…

Dollar faces collapse

This content was published on Apr 16, 2011 In her latest book, Zaki says that the euro’s future is much brighter and that attacks against the currency are just a smokescreen aimed at hiding the collapse of the American economy. “The collapse of the American dollar… is inevitable. The world’s biggest economy is nothing but an illusion. To produce $14,000 billion of nation…

Switzerland Tourism mounts costly campaign

This content was published on Apr 15, 2011 It said the move had been prompted by the strong Swiss franc, the effects of the economic crisis in other European countries and unrest in North Africa and the Middle East. “The budget of SFr48 million ($54 million) is the biggest ever for a Switzerland Tourism campaign,” said director Jürg Schmid on Friday. City trips…

Lock-making giant seeks key to legal threat

This content was published on Apr 15, 2011 A class action law suit in the United States alleges that a combination key pad lock, commonly used in homes, offices, airports and hospitals, did not provide the security it promised. The company denies all the claims. Kaba’s problems started in August last year when it was discovered that a powerful magnet, made from rare…

Keeping pace with the population boom

This content was published on Apr 14, 2011 Federal and cantonal authorities are adopting new strategies to cope with the rising tide of residents, driven by increasing numbers of foreign workers, as house prices spiral upwards and complaints mount about crowded trains. Switzerland is hardly about to fall apart at the seams and has coped with large influxes of migrants in the past.…

Ex-Unicef head joins Nestlé despite protests

This content was published on Apr 14, 2011 Despite pleas from nutrition advocates who oppose the company’s marketing of breast milk substitutes, the Vevey-based company said shareholders had approved Veneman for a seat on the 14-member board on Thursday. Veneman headed Unicef from 2005-2010 and before that was United States agriculture secretary in President George W. Bush’s administration. She acknowledged that Nestlé isn’t…

Under fire Glencore opens door a crack

This content was published on Apr 14, 2011 The long-awaited listing on the London and Hong Kong stock exchanges is expected to fetch up to $11 billion (SFr9.8 billion) for new acquisitions. However, the move was not welcomed by pressure groups that accuse the firm of exploiting developing countries. Canton Zug-based Glencore has established itself as a powerhouse in the oil, minerals, metals…

“SMEs need to be more innovative”

This content was published on Apr 14, 2011 Marie-Gabrielle Ineichen-Fleisch, who started in the job this month and is the first woman to hold the post, tells swissinfo.ch that this included creating better access to markets and more free trade agreements. Among those expected to benefit are small and medium-sized enterprises (SMEs), which form the backbone of Switzerland’s export economy. They must, however,…

Julius Bär agrees to settle German tax dispute

This content was published on Apr 14, 2011 German tax authorities initiated their investigation into undeclared assets subject to taxation following voluntary disclosures by the clients concerned and other information they had collected, the bank said in a statement on Thursday. The one-off payment was agreed by both sides to avoid lengthy legal proceedings, Julius Bär said. “This will end the investigations against…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Where Zurich goes for sweet treats

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Basel tries to break down integration barriers

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Dollar faces collapse

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Switzerland Tourism mounts costly campaign

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Lock-making giant seeks key to legal threat

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Keeping pace with the population boom

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Ex-Unicef head joins Nestlé despite protests

More

Under fire Glencore opens door a crack

More

“SMEs need to be more innovative”

More

Julius Bär agrees to settle German tax dispute

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