Archive – Banking & Fintech

French showdown looms over stolen bank data

This content was published on Dec 23, 2009 The Geneva-based HSBC private bank case has so many sub plots and has thrown up so much conflicting information that it could read as spy novel. Both sides accuse the other of encouraging criminal behaviour. At the centre of the affair lies the ongoing dispute between Switzerland and other countries over banking secrecy and the…

Fabergé hatches illustrious rebirth in Geneva

This content was published on Dec 23, 2009 The Fabergé brand name has been relaunched by private investors and family members, and Fabergé’s only boutique opened on the shores of Lake Geneva. It is the first shop to open since 1917 when the Russian Revolution brought an end to the House of Fabergé, the celebrated jewellers who created fantastical Imperial Easter Eggs for…

Food giant Nestlé halts operations in Zimbabwe

This content was published on Dec 23, 2009 The Swiss food multinational said it had received an unannounced visit from government officials and police on December 19 and was forced to accept a milk delivery from non-contracted suppliers. Two of its managers were questioned by police and were released without charge the same day. In a statement the Vevey-based company said that “under…

Who is cashing in on cashmere?

This content was published on Dec 23, 2009 Retailers Manor, Coop and Migros have been cashing in on the boom but are aware that their customers are demanding and that they want strict controls. Cashmere used to be a luxury product but it is now affordable for many people. However, its popularity is causing damage to the regions in Asia where it is…

Business Social Compliance Initiative

This content was published on Dec 23, 2009 With headquarters in Brussels, the Business Social Compliance Initiative (BSCI) is a non-profit group that offers companies a common social management system to improve working conditions for suppliers and workers worldwide. Members use a combination of external monitoring and other activities to ensure sustainable improvements. The BSCI forbids discrimination and child labour and promotes environmental…

Pressure on banking secrecy galvanises support

This content was published on Dec 23, 2009 In an online survey a group of university psychologists and other researchers asked 1,179 people in German-speaking Switzerland whether they felt banking secrecy was worth preserving. Almost 72 per cent of respondents were in favour, with about 65 percent saying they would vote to keep banking secrecy for both domestic and foreign clients if the…

Watch exports pick up in November

This content was published on Dec 22, 2009 The Federation of the Watch Industry said the value represented a drop of 10.6 per cent compared with November 2008, possibly marking the end of the decline. In October exports fell 22.7 per cent. Over the past 11 months, the sector exported the equivalent of SFr12 billion – a decrease of nearly 24 per cent.…

Christmas is bittersweet for chocolatier in US

This content was published on Dec 22, 2009 Teuscher, best known for its champagne truffles, says US sales have melted away in the past few years due in large part to cutbacks by corporate clients, who are less willing to send expensive gifts to their customers as a result of the economic downturn. “Most companies were ordering big boxes of chocolates at $176…

Crossing borders

This content was published on Dec 21, 2009

Vaccines enjoy renaissance in pharma industry

This content was published on Dec 21, 2009 What was once a seemingly sleepy sector in the pharmaceutical industry, where there were few opportunities to make big profits, has come alive over the last decade. “The market has almost tripled over the last eight to ten years,” Carsten Mantel, a medical officer in the World Health Organization’s Expanded Programme on Immunisation, told swissinfo.ch.…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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French showdown looms over stolen bank data

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Fabergé hatches illustrious rebirth in Geneva

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Food giant Nestlé halts operations in Zimbabwe

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Who is cashing in on cashmere?

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Business Social Compliance Initiative

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Pressure on banking secrecy galvanises support

More

Watch exports pick up in November

More

Christmas is bittersweet for chocolatier in US

More

Crossing borders

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Vaccines enjoy renaissance in pharma industry

Popular Stories

Most Discussed