Archive – Banking & Fintech

Free papers continue to gain in popularity

This content was published on Sep 9, 2008 The free German-language paper 20 Minuten boasts the country’s largest circulation with close to 1.3 million readers a day – an increase of four per cent since September 2007, according to figures released on Tuesday by the Zurich-based media research institute, Wemf. The French version of the same paper now has 470,000 readers a day,…

Unions raise continuous education-for-all plea

This content was published on Sep 8, 2008 Continuing education should be a right for everyone, with employees given five days of paid leave a year to pursue training, the Trade Union Federation said on Monday. Better training can address the shortage of specialist workers according to senior union officials. A survey found that individuals who have had university training are three times…

Natural catastrophes hit the insurance sector

This content was published on Sep 8, 2008 The company said at a meeting in Monte Carlo on Monday that insured losses for the first eight months of the year were 20 per cent up on the same period last year. It added that the 2008 figures confirmed a long-term trend towards higher natural catastrophe claims. Hurricane Gustav, which hit the Gulf of…

Nestlé invests in Switzerland

This content was published on Sep 6, 2008 The head of Nestlé Switzerland, Roland Decorvet, announced the brands Findus and Thomy will be revamped. The company was spending more than SFr2.5 billion ($2.2 billion) at the three sites of Avenches, Orbe and Konolfingen between 1997 and 2010, Decorvet told the 24 Heures newspaper. Nestlé is due to open research centre devoted to premium…

Hayek calls for reforms of financial system

This content was published on Sep 5, 2008 Hayek, who is chairman of the world’s largest watchmaking group, Swatch, argued on Friday that Switzerland could play a pioneering role in showing other countries the way forward. In a passionate speech in Baden at the annual Economy Day of the Swiss Business Federation (economiesuisse), the 80-year-old said reforms of stock exchanges and the financial…

Former Credit Suisse broker arrested in US

This content was published on Sep 5, 2008 He is one of two former brokers at the bank accused by US authorities of misleading customers into believing that auction-rate securities in their accounts were a safe and liquid alternative to bank deposits or money market funds. One of the two men appeared in court in New York on Wednesday to plead not guilty…

Bilateral issues aired again in Brussels

This content was published on Sep 4, 2008 She told journalists afterwards that her meetings with three EU commissioners had been positive. Nevertheless, the two sides still have a number of issues on which they disagree. In her meeting with EU trade commissioner Peter Mandelson, Leuthard criticised the impact on Swiss firms of the EU law on chemicals, Reach, which came into force…

Alpine freight traffic increases in 2008

This content was published on Sep 4, 2008 About 666,000 freight vehicles used the Swiss alpine passes in the first half of 2008, a 3.8 per cent increase compared with the same period last year, the Federal Transport Office said on Thursday. The greatest increase was via the Simplon, with a rise of 10 per cent. The Great St Bernard and Gotthard both…

Zurich best for doing business in Europe

This content was published on Sep 4, 2008 The BAK Economic Attractiveness Index placed Zurich at the top of nearly 200 regions thanks to its low taxes, ability to foster innovation and good accessibility. Geneva came fourth. Published for the first time, the Attractiveness Index ranks regions according to their appeal for both people and companies. Dublin topped a separate BAK list measuring…

Nestlé executive resigns

This content was published on Sep 4, 2008 Polman is leaving to become chief executive of rival company Unilever PLC, the Netherlands-based company said in a separate statement. Polman had long been seen as the frontrunner to take over from Peter Brabeck as Nestlé’s CEO but the board picked former Americas head Paul Bulcke instead last September. Nestlé said its Europe chief Luis…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Free papers continue to gain in popularity

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Unions raise continuous education-for-all plea

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Natural catastrophes hit the insurance sector

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Nestlé invests in Switzerland

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Hayek calls for reforms of financial system

More

Former Credit Suisse broker arrested in US

More

Bilateral issues aired again in Brussels

More

Alpine freight traffic increases in 2008

More

Zurich best for doing business in Europe

More

Nestlé executive resigns

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