Archive – Banking & Fintech

UBS takes another major hit

This content was published on Dec 10, 2007 UBS said on Monday it expected a loss in the fourth quarter, adding it might show a loss for 2007 as a whole. At the same time, UBS said it was raising SFr13 billion in new capital by selling stakes to investors in Singapore and the Middle East. In a statement, Europe’s largest bank by…

Swiss design

This content was published on Dec 10, 2007 Every two years a jury of international design experts awards the Design Preis Schweiz. The competition is open to Swiss designers who are working either at home or abroad, as well as foreign designers working in Switzerland. A total of 300 projects were submitted in 2007 and 38 projects were recommended to the jury. The…

The top of Europe

This content was published on Dec 10, 2007 The Jungfraujoch in the Bernese Oberland is one of the most popular sites in Switzerland and is visited annually by half a million tourists who travel there by rail. One of them was photographer Severin Nowacki.

Faking it

This content was published on Dec 10, 2007 An exhibition in Bern’s Museum of Communication running until July 6, 2008 features more than 300 photos that have been tampered with – and why.

New Lötschberg rail tunnel opens to passengers

This content was published on Dec 9, 2007 The opening of the 34.6km tunnel and the introduction of a new timetable will reduce journey times considerably from many parts of the country to the southwest. Former cabinet minister Adolf Ogi, the driving force behind the New Railway Links through the Alps (NRLA) project that also includes the Gotthard base tunnel, was among the…

Transport timetable awakens great expectations

This content was published on Dec 8, 2007 While travellers outside the country might shake their heads in disbelief at the impact of a timetable, there is a fascination for the Swiss as to what exactly is going to change in their lives. The opening of the new 34.6-kilometre Lötschberg base tunnel is unquestionably the highlight of this year’s schedule, which came into…

Artificial snow might not save resorts

This content was published on Dec 8, 2007 A study it presented on Friday points out that one in five ski slopes in the country needs artificial snow to remain open during the winter season. This number is set to increase as the presence of snow is considered a condition for the economic viability of a ski resort. In Austria, this figure rises…

Swiss economy “can weather credit crisis”

This content was published on Dec 7, 2007 But the Swiss Business Federation, economiesuisse, has repeated calls for economic reforms, in particular a reduction of tax on share dividends, to improve Switzerland’s competitiveness. Announcing its 2008 forecast in Zurich on Friday, economiesuisse said strong exports and consumer spending would drive economic growth to 2.7 per cent by the end of the year –…

Hotels report a sunny summer

This content was published on Dec 7, 2007 The 726,000 extra beds were filled largely by foreign guests, whose numbers rose by 5.6 per cent, according to the Federal Statistics Office. Swiss visitors made up only 114,000 of the overnight stays for that period, the office revealed on Friday. And the upturn showed no sign of slowing down in October: hotels reported 2.77…

More rubbish burnt, more power generated

This content was published on Dec 6, 2007 The increase was due in part to larger amounts of Swiss rubbish, on the rise because of a more robust economy, but also to over 400,000 tons of imported rubbish, mostly from Germany. The Federal Environment Office said these imports meant the country’s 29 incinerators were able to put available capacity to good use and…

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