Archive – Banking & Fintech

Brazil puts Switzerland on financial blacklist

This content was published on Jun 14, 2010 The Swiss finance ministry has confirmed reports in the NZZ am Sonntag newspaper, adding that it had asked the Swiss ambassador in Brazil “to express the Swiss authorities’ surprise” to the relevant ministries. The Brazilian decision is linked to a deal between Switzerland and the United States that would enable the handover of data on…

Canadian tourists die in bus accident

This content was published on Jun 12, 2010 The bus carrying 48 Canadian tourists went over the edge of the road and overturned onto a field outside the village of Reckingen in canton Valais on Saturday morning, a spokesman for the Valais cantonal police said. The German-registered bus, driven by a 73-year-old driver, had left the alpine resort of Zermatt in the morning…

“Zero star” hotel targets commercial expansion

This content was published on Jun 12, 2010 The Zero Star Hotel started off life in a disused nuclear bunker as an art project making a statement against making a fast buck. But it enjoyed such success that it will soon relaunch as a commercial venture. The original location in Teufen, canton Appenzell Outer Rhodes, closed down a year after opening but has…

Chile quake to cost Swiss Re more than thought

This content was published on Jun 11, 2010 The world’s second largest reinsurance group has reassessed the cost to $630 million (SFr720 million) against $500 million forecast at the beginning of May. Swiss Re said the new appraisal is based on clients’ damage declarations, and added the final cost remained subject to change. The quake that shook Chile on February 27 killed nearly…

Swiss transport funding “is best”

This content was published on Jun 10, 2010 He was speaking during the TEN-T days 2010, a European Union conference in Zaragoza in Spain, which debated plans for an integrated, efficient and environmentally friendly transport system for the continent. Discussions at the two-day meeting, which finished on June 9, focused in particular on how to finance economically important freight corridors. The Swiss model…

Employers will be “flexible” over World Cup

This content was published on Jun 10, 2010 A survey by the Swiss News Agency found that workers were being offered flexible hours. Unions are not issuing any special guidelines. A German study found that on average a quarter of an hour was lost per employee in Germany during the 2006 World Cup. The loss of productivity was equivalent to 0.4 per cent…

Government ups spending on livestock protection

This content was published on Jun 9, 2010 Over the past few years, the number of wolves in Switzerland has increased. In 2009, 11 were identified in 11 different cantons. This summer, there are expected to be 15 to 20 wolves in the country, according to the Federal Environment Office. The Swiss Wolf Project, which was created in 2008 so as to facilitate…

Technology group contributes to Eurofighter

This content was published on Jun 9, 2010 The Bern-based concern, active in the aerospace and defence sectors, said it and EADS would cooperate in various areas and the total volume could amount to more than a billion francs. Ruag’s work on the Eurofighter aircraft will involve maintenance and repair work in addition to development and assembly. Lukas Braunschweiler, head of Ruag, said…

Tax-cheat data bought by Germany

This content was published on Jun 9, 2010 The state’s finance minister confirmed on Wednesday that €185,000 (SFr255,000) had been paid for the CD on Tuesday evening – half by the government, the rest by the country’s 16 states. The data, which had already been analysed, would now be passed onto the relevant states and the due taxes imposed, said Hartmut Möllring. He…

Media cry foul over UBS vote

This content was published on Jun 9, 2010 The deal was blocked in parliament after wrangling by two parties over banking regulation and capping managers’ bonuses. Economists immediately implored politicians to accept the deal for the good of the country. It was a theme picked up by the Tribune de Genève. “There is something pathetic about hearing economic circles begging the elected representatives…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Brazil puts Switzerland on financial blacklist

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Canadian tourists die in bus accident

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“Zero star” hotel targets commercial expansion

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Chile quake to cost Swiss Re more than thought

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Swiss transport funding “is best”

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Employers will be “flexible” over World Cup

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Government ups spending on livestock protection

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Technology group contributes to Eurofighter

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Tax-cheat data bought by Germany

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Media cry foul over UBS vote

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