Archive – Banking & Fintech

Third stimulus package passed

This content was published on Sep 10, 2009 The measures are aimed at mitigating the impact of the global economic downturn and the problem of long-term and youth joblessness. Unemployment is currently around 3.4 per cent and government economists forecast it will rise to 5.5 per cent in 2010. The Senate accepted the unemployment measures, which include financial support for further education projects…

Two women in dresses are sitting on a boat

Women in summer dresses offered free boat rides

This content was published on Sep 9, 2009

Lobby group warns of job losses over tax issue

This content was published on Sep 9, 2009 Mehrwert Schweiz (Value Added Switzerland), a group campaigning to maintain the practice, said a study it commissioned showed that those benefiting from the customised rates employed on average 2.3 people for their households and gardens. That represents 11,400 jobs for the estimated 5,000 people who benefit from the schemes, which vary from canton to canton.…

Restructuring hits Georg Fischer subsidiary

This content was published on Sep 9, 2009 Of the jobs to disappear, 168 will go at the AgieCharmilles plant near Geneva, which currently has a workforce of 400. Other losses will be made at sites at Losone, Nidau and Luterbach. AgieCharmilles would then employ around 1,000 people in Switzerland. Georg Fischer said the restructuring was part of its programme announced in May…

Stability gains Swiss economy top ranking

This content was published on Sep 8, 2009 In an achievement based on stability and consistently strong results across the 12 WEF categories, Switzerland overtook the US, which experienced a weakening in a number of areas, including its financial markets. Singapore, Sweden and Denmark complete the top five. European economies did well in the survey, securing six positions in the top ten (see…

Swiss economy ranked world’s most competitive

This content was published on Sep 8, 2009 The US dropped to second position due to weakening in its financial markets and macroeconomic stability, the report stated. Singapore, Sweden and Denmark complete the top five. “The Swiss economy continues to be characterised by an excellent capacity for innovation and a very sophisticated business culture,” the report from the Geneva-based organisation commented. The competitiveness…

Isolated cases of Tamiflu resistance reported

This content was published on Sep 7, 2009 A good sign is that the people who had the resistant strain have not passed the disease on to other people, said David Reddy, head of Roche’s Tamiflu pandemic task force. The 13 cases were scattered around the world in Europe, the United States and Asia, he said. Tamiflu is one of two main antivirals…

Food giant Nestlé opens 21st factory in China

This content was published on Sep 7, 2009 The state-of-the-art complex, which will employ 1,500 staff, will provide capacity to meet a growing demand for Totole, the leading seasoned broth brand in China. The new factory, costing RMB320 million (SFr49.6 million) will produce more than 100,000 tons of bouillon when fully completed, doubling the capacity of the existing facility. Nestlé and Totole signed…

Election and economy top parliament agenda

This content was published on Sep 7, 2009 The centre-right Radicals face a challenge by the Christian Democrats for an additional seat in the seven-member cabinet. Other highlights over the next three weeks in parliament are debates about a third economic stimulus package worth SFr400million ($378 million) to mitigate the impact of the global economic downturn and an increase in unemployment. It foresees…

Regulation overdose reminiscent of “banana republic”

This content was published on Sep 4, 2009 Brabeck, speaking at the annual conference of the Swiss Business Federation, economiesuisse, on Friday, called on politicians to show restraint and to remember that banks, not companies, started the recession. Switzerland has witnessed a growing groundswell of public opinion aimed against perceived mismanagement by executives and the size of their pay packets, and particularly their…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Third stimulus package passed

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Women in summer dresses offered free boat rides

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Lobby group warns of job losses over tax issue

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Restructuring hits Georg Fischer subsidiary

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Stability gains Swiss economy top ranking

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Swiss economy ranked world’s most competitive

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Isolated cases of Tamiflu resistance reported

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Food giant Nestlé opens 21st factory in China

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Election and economy top parliament agenda

More

Regulation overdose reminiscent of “banana republic”

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