Archive – Banking & Fintech

Thomy the tube adds sizzle to Swiss sausages

This content was published on Jul 20, 2007 Barbecues and many outdoor events in Switzerland would not be complete without Thomy mustard to flavour the popular Bratwurst (sausage), or mayonnaise to add to a sandwich or salad. “The brand is known by 99 per cent of the Swiss and more than 2.3 million households use it regularly. They are really staple products in…

Roche outshines Novartis in first half

This content was published on Jul 19, 2007 Roche announced on Thursday that its net profit for the first six months was SFr5.86 billion ($4.88 billion), nearly a billion more than Novartis. In a surprise move, Roche also announced that Franz Humer would be stepping down as CEO at the shareholders’ meeting next year to make way for Severin Schwan, currently head of…

Debate over VAT reform heats up

This content was published on Jul 18, 2007 The Swiss Business Federation (economiesuisse) championed a flat rate of six per cent with no exemptions on Wednesday. But opponents believe this will hit households hard, particularly if health care attracts the levy. In February Finance Minister Hans-Rudolf Merz listed 50 measures to simplify the VAT system and make it more transparent. His preferred option…

Watch exhibition traces history of Swiss Made

This content was published on Jul 18, 2007 The trademark appeared officially at the end of the 19th century but there was mention of it long before as a means of trying to fight counterfeiting. Giving watches a distinctive label began as far back as 1601 in Switzerland. The corporation of Geneva watchmakers united to protect their profession, intending to combat poor workmanship.…

Tax paradise leads Swiss company boom

This content was published on Jul 18, 2007 Canton Obwalden, which drastically slashed corporate tax rates 18 months ago, registered the fastest growth while foreign relocations made up a growing share of the 18,635 new companies. The record figures show an increase of 5.5 per cent in new company registrations from the corresponding period in 2006 according to a study by credit risk…

Key climate report issued

This content was published on Jul 16, 2007 The report released on Wednesday by the Advisory Body on Climate Change (OcCC) details the effects rising temperatures will have on ecology, agriculture, health, tourism, water supply and infrastructure in Switzerland by 2050. OcCC president Kathy Riklin told journalists that the consequences were manageable, but a series of adaptations had to be made. “What’s new…

Starting afresh gives Swiss manager strength

This content was published on Jul 15, 2007 She tells swissinfo about what drives her to take on new challenges when she could sit back and bask in her earlier success with big companies such as Philip Morris and Nestlé. LVMH – or Louis Vuitton Moët Hennessy – is a group with a global reach. Some of its brands are instantly recognisable –…

Airports face rising numbers of passengers

This content was published on Jul 14, 2007 Air travel is, in general, becoming increasingly popular, meaning that the country’s hubs will have to make huge investments in their infrastructure and services to cope. Thousands of passengers are expected at the airports over the next few days, which will result in a higher workload for personnel. Added to this is the fact that…

Building sector banks on “soft landing”

This content was published on Jul 13, 2007 The Swiss Master Builders Association is counting on a “soft landing”, saying commercial and civil engineering projects should compensate for a decline in house building. Figures published on Friday by the industry review “baublatt” showed that building applications were down by about seven per cent to 16,143 for the first six months of the year.…

“Solar taxi” starts record trip round world

This content was published on Jul 13, 2007 Palmer’s circumnavigation – which he hopes will highlight the problem of global warming – is set to take around 15 months and cover at least 50,000 km, 50 countries and five continents. “I got the idea when I was 14,” Palmer told swissinfo, before he set off from outside Lucerne’s culture and convention centre on…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Thomy the tube adds sizzle to Swiss sausages

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Roche outshines Novartis in first half

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Debate over VAT reform heats up

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Watch exhibition traces history of Swiss Made

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Tax paradise leads Swiss company boom

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Key climate report issued

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Starting afresh gives Swiss manager strength

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Airports face rising numbers of passengers

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Building sector banks on “soft landing”

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“Solar taxi” starts record trip round world

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