Archive – Banking & Fintech

Switzerland ups funding for Haiti

This content was published on Mar 24, 2010 The money, to be used for rebuilding basic infrastructure, rural development and food security comes on top of the SFr55 million donated by the Swiss in the weeks after an earthquake devastated the Caribbean state. Around 220,000 people died and a further 300,000 were injured when a 7.0-magnitude quake occurred on January 12. The foreign…

Railway upgrades include no fast track

This content was published on Mar 24, 2010 But it is already clear that high-speed trains play no part in Rail 2030 – the name of the new project. A public transport expert at the Federal Institute of Technology in Zurich (ETHZ) has argued, to mix metaphors, that Switzerland should not miss the boat and has put forward the idea of building a…

Publishers begin new chapter in eastern Europe

This content was published on Mar 24, 2010 In a statement, the publishers said each partner would hold 50 per cent of the new company which will employ 4,800 people. Axel Springer will contribute the business of its subsidiaries in Poland, the Czech Republic and Hungary, while Ringier will bring its operations in Serbia, Slovakia, the Czech Republic and Hungary to the joint…

Business lobby urges tough government stance

This content was published on Mar 23, 2010 Switzerland has been under constant attack during the last year over the role that banking secrecy plays with tax evasion. The Swiss have given enough ground and must take the offensive, the Swiss Business Federation said on Tuesday. The tough stance of the business community mirrors a growing impatience with the country’s leaders displayed by…

IMF praises Swiss policy during recession

This content was published on Mar 23, 2010 Claire Waysand, assistant director of the European department of the IMF, praised the Swiss National Bank’s (SNB) moves to increase the money supply and the country’s strong fiscal position. She said in Bern on Tuesday that the economic downturn had hurt Switzerland less than its neighbours thanks to adequate support measures. The IMF still cautioned…

Organic goods soar but farms slow to shift

This content was published on Mar 23, 2010 Bio Suisse also said the number of farms producing those goods has slightly shrunk and urged farmers to shift from traditional agricultural production to organic methods. The market holds “vast potential”, it said. Organic products, particularly fish and meat, grew noticeably in popularity last year. Together sales of those goods leapt more than 51 per…

Bern and Berlin aim for flight noise settlement

This content was published on Mar 23, 2010 The move was announced on Monday after talks in Berlin between Swiss Transport Minister Moritz Leuenberger and his German counterpart, Peter Ramsauer. Leuenberger told journalists in the German capital that as “neighbours with close friendly ties” both wanted to bring an end to this seven-year-long quarrel. A joint working group is to be set up…

Kuoni profits hit by economic downturn

This content was published on Mar 23, 2010 Turnover fell by 19.8 per cent to SFr3.89 billion in results posted on Tuesday. The group said business was adversely affected by the global economic crisis, repercussions from the swine flu pandemic and substantial losses due to currency movements. While travel bookings for 2010 showed a slight but steady improvement on the same time last…

Food industry roasts “Swissness” bill

This content was published on Mar 23, 2010 The cabinet approved the legislative amendment in November, arguing it would strengthen the domestic protection of the designation of origin “Made in Switzerland” and the Swiss cross, as well as facilitate law enforcement abroad. However, the food industry’s umbrella group, FIAL, said that the bill’s requirement that for a product to receive a “Swiss” label…

Unsafe water protest goes before parliament

This content was published on Mar 22, 2010 In an event to mark World Water Day on Monday, the 4,000 bottles were filled with discoloured water to symbolise the 4,000 children estimated to die across the globe each day due to unsafe drinking water. Organisers said they wanted to raise their concerns about the issue among politicians in particular. “We are calling on…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Switzerland ups funding for Haiti

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Railway upgrades include no fast track

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Publishers begin new chapter in eastern Europe

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Business lobby urges tough government stance

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IMF praises Swiss policy during recession

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Organic goods soar but farms slow to shift

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Bern and Berlin aim for flight noise settlement

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Kuoni profits hit by economic downturn

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Food industry roasts “Swissness” bill

More

Unsafe water protest goes before parliament

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