Archive – Banking & Fintech

Champagne loses its fizz

This content was published on Dec 30, 2009 The financial crisis has forced people to tighten their belts, and champagne producers are set for a drop in sales of up to 16 per cent for the year. “Moderation is the name of the game for many customers, especially when it comes to champagne,” said Jürg Welti from Globus, a fine-food store. “They’re making…

Swiss trade rebounds with third-quarter surplus

This content was published on Dec 29, 2009 The country posted a SFr11.4 billion ($11 billion) surplus, compared with a deficit of SFr6.4 billion in the same period in 2008. But the reversal masks a third quarter still marked by a troubled global economy. Exports of goods and services fell by 15 per cent on the year to SFr66 billion and imports dropped…

Regulator to evaluate Orange/Sunrise merger

This content was published on Dec 28, 2009 In a statement on Monday, Comco said there could be reason to believe the merger would give the new company a dominant position in some mobile telephony sectors. Orange’s parent company France Telecom agreed last month to buy three-quarters of Sunrise from the Danish group TDC in a deal worth €1.5 billion (SFr2.26 billion). The…

The tram that takes you on a dream journey

This content was published on Dec 28, 2009 For him it was the controls that were fascinating, but the yellow and red number 10 tram is fascinating too for lovers of records. Perhaps the boy didn’t realise it, but he was travelling on the longest international tram ride you can find. It stretches over 25.9 kilometres, taking in two countries and three Swiss…

Swiss plot escape from economic doldrums

This content was published on Dec 27, 2009 Unemployment is set to rise next year and the financial sector still faces uncertainty. But economists believe the structural strengths that protected Switzerland from the worst of the recession will aid recovery. Economic output declined 1.6 per cent in 2009, according to government figures, as financial giants bore the pain of past misjudgments and the…

Christmas taught travellers to be patient

This content was published on Dec 27, 2009 There were also problems on the railways and air rescue services had their hands full. Bright sunshine on Boxing Day was a magnet to attract the Swiss to ski areas but this led to kilometre-long traffic jams and long waiting times on many access roads. The road between Küblis and Klosters was particularly affected, with…

Swiss Post puts its stamp on Christmas parcels

This content was published on Dec 27, 2009 Swiss Post said that parcel volumes reached their peak in the week before Christmas when one million parcels were going through sorting centres every day. In a statement, the group said that the success was due to the “commitment of its employees”. On normal working days, about half a million parcels are processed at the…

Migros boss attacks Aldi and Lidl

This content was published on Dec 27, 2009 Herbert Bolliger told the Sonntag newspaper that price cutting in Germany was spilling over into Switzerland with negative results. “The owners of Aldi and Lidl get richer and richer and put pressure on prices at the cost of producers and employees,” he said. “The economic damage is enormous and the brutal price war is destroying…

Nestlé receives security pledges from Zimbabwe

This content was published on Dec 26, 2009 The state-controlled Herald newspaper reported that the government had guaranteed the operations of the firm and its staff from interference. Nestlé, which has its headquarters in Vevey on Lake Geneva, said it had received an unannounced visit from government officials and police on December 19 and was forced to accept milk delivery from non-contracted suppliers.…

Providing warmth and company for the homeless

This content was published on Dec 23, 2009 “In winter we have more guests than usual,“ said Brigitte, who has been working in the Sleeper, an emergency shelter in Bern, for nearly ten years. Brigitte is on the day shift, and has to see to breakfast and to the cleaning. It is also her duty to make sure that the all the guests…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Champagne loses its fizz

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Swiss trade rebounds with third-quarter surplus

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Regulator to evaluate Orange/Sunrise merger

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The tram that takes you on a dream journey

More

Swiss plot escape from economic doldrums

More

Christmas taught travellers to be patient

More

Swiss Post puts its stamp on Christmas parcels

More

Migros boss attacks Aldi and Lidl

More

Nestlé receives security pledges from Zimbabwe

More

Providing warmth and company for the homeless

Popular Stories

Most Discussed