Archive – Banking & Fintech

Bottoms Up

This content was published on Dec 3, 2009 An exhibition about the history of drinks and drinking in Switzerland displays 150 works of art and everyday artefacts. Find out how ancient wines tasted, about the first mineral waters and why Switzerland went mad about milk.

Private banks must adapt to survive

This content was published on Dec 3, 2009 The consensus is that banks will have to attract new clients with onshore operations abroad as the flow of assets into Switzerland shrinks. And smaller operations would need to find smart solutions to the problem. Swiss private banking has been hit with the double whammy of the financial crisis and a global crackdown on tax…

Switzerland climbs slowly out of recession

This content was published on Dec 1, 2009 But GDP growth compared with a year ago fell by 1.3 per cent, a Seco statement said. Figures showed that private consumption remained robust and grew 0.6 per cent in the third quarter. After posting a significant decline for the past year, exports of goods and services grew again. The statement also said that the…

Sino-Swiss free trade accord weighed up

This content was published on Nov 30, 2009 The study will examine issues covered by free trade agreements, such as trade in goods and services, investment and other possible areas of cooperation. Swiss Economics Minister Doris Leuthard said the study would clarify how ambitious the accord should be. “Either we have too many expectations and an accord will take years to sign, or…

Obwalden votes against rich “ghetto zone”

This content was published on Nov 29, 2009 The canton has already introduced a flat-tax system to attract rich people to the area, which has enjoyed public support. But observers say the widely criticized move over land went too far. The ballot result stood at 8,881 no votes to 5,365 yes votes. Obwalden’s plans caused quite an uproar in Switzerland with Swiss Environment…

Vaud says no to nuclear plant

This content was published on Nov 29, 2009 With 64 per cent against, they rejected plans to extend the licence for the Mühleberg plant, in neighbouring canton Bern. But the federal authorities still have the final say. The plant, which supplies energy to the canton, has a licence to operate until 2012. The energy ministry had been waiting for the outcome of the…

Geneva voters approve Franco-Swiss rail link

This content was published on Nov 29, 2009 The project, which has been on the cards for almost a century, was opposed by a vocal minority, which argued that it was too expensive and did not solve Geneva’s major traffic problems. The CEVA train link between Geneva’s Cornavin train station, Eaux Vives and the French town of Annemasse would make the French border…

A Swiss apple a day keeps wrinkles at bay

This content was published on Nov 28, 2009 Used in creams and serums, stem cells from the Uttwiler Spätlauber apple are said to protect skin cell regeneration and so delay the onset of wrinkles. The discovery was made by a Swiss company. The November edition of the United States Vogue magazine went as far as to call the variety “the super-apple”, and asked…

Drug agency aims for European agreement

This content was published on Nov 27, 2009 The government has asked Swissmedic, the Swiss regulatory body, to start negotiations with the European Medicines Agency (EMEA) in order to give it access to the EMEA’s confidential data, the minister, Didier Burkhalter, told journalists on Friday. This will greatly speed up the approval process of new drugs. Had such an agreement already been in…

Frugal Swiss prefer to save

This content was published on Nov 27, 2009 This is in marked contrast to their neighbours in France and Italy, where only one in six respondents would invest such a windfall. In those countries jewellery and other luxury goods were the first things to pop into people’s heads. A poll carried out by the opinion research institute Isopublic for Reader’s Digest magazine revealed…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Bottoms Up

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Private banks must adapt to survive

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Switzerland climbs slowly out of recession

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Sino-Swiss free trade accord weighed up

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Obwalden votes against rich “ghetto zone”

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Vaud says no to nuclear plant

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Geneva voters approve Franco-Swiss rail link

More

A Swiss apple a day keeps wrinkles at bay

More

Drug agency aims for European agreement

More

Frugal Swiss prefer to save

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