Archive – Banking & Fintech

Nestlé boss Brabeck aims for peak performance

This content was published on Nov 3, 2007 Chief executive and chairman Peter Brabeck tells swissinfo that the company has high hopes for the future. On a personal note, he reveals how he scales the heights in his spare time as well. He sees three main drivers of growth over the next ten years, which together present an opportunity valued at an estimated…

Watch industry hopes for good Unesco timing

This content was published on Nov 3, 2007 At the centre of the celebrations were the industry towns of La Chaux-de-Fonds and Le Locle, in canton Neuchâtel, which are spearheading a campaign to become a Unesco World Heritage site. The day aimed to show the whole range of this highly important and successful industry, from the large multinationals to the small, specialised workshops.…

Inflation takes off strongly in October

This content was published on Nov 2, 2007 Inflation rose 0.9 per cent compared with September, driven by a rise in prices for clothes and shoes, figures from the Federal Statistics Office showed on Friday. The Statistics Office said in a statement that it expected annual inflation, which was 0.7 per cent in September, to average out at 0.7 per cent this year,…

Lewis Hamilton to join wealthy tax exiles

This content was published on Nov 2, 2007 Hamilton said he wants to escape the incessant attention he attracts in his home country, but he could also save millions in taxes. However, not everyone is comfortable with Switzerland’s tax haven status. Hamilton shot to fame this year when he finished runner-up in the Formula 1 championship in his first season behind the wheel.…

Giant traffic arteries

This content was published on Nov 1, 2007 This story of an imagined new mass transportation artery from Mexico to Canada may remind Swiss readers of the long-running issue of goods transfer across the Alps, or the National Rail Links Through the Alps (NRLA) project. Two years ago, mid-level officials from the US, Mexico, and Canada started discussing easier coordination of customs and…

Switzerland braces for financial “Big Bang”

This content was published on Nov 1, 2007 Some banks have described the move as “poison” as it compels them to ask clients details about their finances. Switzerland is not in the EU but any institutions trading there must comply with the changes. The Swiss Bankers Association says it is too early to assess the impact on Switzerland as many EU countries have…

CS makes record profit despite US subprime woes

This content was published on Nov 1, 2007 But Switzerland’s second-largest bank showed a record net income of SFr7.2 billion for the first nine months of 2007. The group, which is based in Zurich, reported income from continuing operations in its investment banking business before taxes of SFr6 million, down from SFr758 million in the same period of 2006. “The extreme market conditions…

Sex appeal aims to attract tourists

This content was published on Oct 31, 2007 However, growth forecasts for ski regions lag far behind those for Switzerland’s cities, which have benefited most from the booming global economy and popularity of low-cost flights. BAK Basel Economics is forecasting a 3.1 per cent increase in the number of nights spent in Swiss hotels for the upcoming winter season. It said if the…

Swiss take second place in competitiveness

This content was published on Oct 31, 2007 Switzerland dropped from first place last year in the WEF’s Global Competitiveness Report, however changes in the calculation methodology make direct comparisons with prior rankings redundant. WEF Chief Economist Margareta Drzeniek told swissinfo that Switzerland was doing all the right things to remain in the top ten. “Switzerland is still a good place to do…

Swiss robots brave Californian fires

This content was published on Oct 31, 2007 Swiss engineers Jean-Christophe Zufferey and André Noth unveiled their creations to the US public last week at swissnex, the scientific arm of the Swiss consulate in San Francisco. The two robotics experts brought several prototypes, including their solar glider which can fly for many hours non-stop and their miniature helicopter which can guide itself into…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Nestlé boss Brabeck aims for peak performance

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Watch industry hopes for good Unesco timing

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Inflation takes off strongly in October

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Lewis Hamilton to join wealthy tax exiles

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Giant traffic arteries

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Switzerland braces for financial “Big Bang”

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CS makes record profit despite US subprime woes

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Sex appeal aims to attract tourists

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Swiss take second place in competitiveness

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Swiss robots brave Californian fires

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