Archive – Banking & Fintech

Bern’s historical heart

This content was published on Nov 27, 2009 The old city of Bern, built on a hill in a meander of the Aare river, has a linear plan. The medieval town has been constantly renovated over the centuries, but it has not lost its original character. Bern has been a Unesco World Heritage site since 1983.(swiss-image.ch/Terence du Fresne)

Dollar recovers after new low against franc

This content was published on Nov 26, 2009 The dollar dipped below parity to the franc for the second time ever on Wednesday, hitting SFr0.9919. It followed indications by the United States Federal Reserve that interest rates would remain “extremely low” and that it was not overly concerned by the currency’s decline. Investors sought out the Swiss franc as a safe way to…

Mobile phone merger raises consumer fears

This content was published on Nov 26, 2009 The companies involved insist the merger would create a more potent competitor to market leader Swisscom, but critics fear a duopoly could dilute eagerness to give end-users the best deal. If the plan gets the go-ahead from regulators, it would effectively result in Orange – a subsidiary of France Telecom – taking over Danish-owned Sunrise.…

“Fusionman” vows to fly again despite setback

This content was published on Nov 26, 2009 Rossy, an airline captain and ex-fighter pilot, was rescued from the chilly Strait of Gibraltar waters near Morocco after heavy turbulence and visibility problems forced him to ditch in the sea on Wednesday during his flight to southern Spain. He started well after take-off from Tangiers, leaping from a small plane at 2,000 metres with…

Making the slopes fit for the downhill World Cup

This content was published on Nov 26, 2009

“Fusionman” ditches during Africa-Europe flight

This content was published on Nov 25, 2009 Rossy, an airline captain and ex-fighter pilot, took off from Tangiers for southern Spain but around four minutes into an expected 15-minute flight ditched into the water after encountering heavy turbulence and visibility problems. “I’m a little disappointed as I wanted to reach my goal – that beach,” Rossy told a press conference in the…

“Fusionman” ditches into sea on failed flight

This content was published on Nov 25, 2009 Rossy, an airline captain and ex-fighter pilot, took off from Tangiers for southern Spain, but halfway through an expected 15-minute flight he ditched into the wind-swept waters. A rescue helicopter pulled him from the water and he appeared unhurt. Rossy seemed to suffer heavy turbulence and he disappeared into clouds as the event was being…

Wheels start turning in UBS tax fraud accord

This content was published on Nov 25, 2009 The Federal Tax Administration (FTA) notified 500 account holders on Tuesday of the final decision concerning demands for administrative assistance by the Internal Revenue Service (IRS). In a bilateral agreement reached on August 19, it was stipulated that upon receipt of the request for administrative assistance (on 31 August 2009) the FTA had 90 days…

Sunrise takes on Orange glow

This content was published on Nov 25, 2009 Orange’s parent company France Telecom has agreed to buy three-quarters of Sunrise from the Danish group TDC in a deal worth €1.5 billion (SFr2.26 billion). The two operators based in Switzerland have a combined turnover of SFr3.1 billion. With 3.4 million mobile phone clients, the new entity will be the largest competitor for the market…

Novartis opens large flu vaccine plant in US

This content was published on Nov 24, 2009 The facility, with a cost of almost $1 billion (SFr999 million), is a partnership between the Basel-based company and the US Department of Health and Human Services. Adjuvants are additives that boost the body’s response to a vaccine and lowers the dose needed. They are not licensed in the US at present because of widespread…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Bern’s historical heart

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Dollar recovers after new low against franc

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Mobile phone merger raises consumer fears

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“Fusionman” vows to fly again despite setback

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Making the slopes fit for the downhill World Cup

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“Fusionman” ditches during Africa-Europe flight

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“Fusionman” ditches into sea on failed flight

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Wheels start turning in UBS tax fraud accord

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Sunrise takes on Orange glow

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Novartis opens large flu vaccine plant in US

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