Archive – Banking & Fintech

Profit falls at Swisscom

This content was published on Mar 13, 2007 Profit fell to SFr1.59 billion ($1.30 billion) while sales were down about one per cent to SFr9.59 billion, the company said on Tuesday. “IT [information technology] outsourcing projects, as well as a reduction in mobile termination charges had a negative effect on income,” Swisscom said in a statement. Earnings before interest, taxes, depreciation and amortisation…

New proposal aims to slash CO2 gases

This content was published on Mar 12, 2007 Supporters said they wanted to prevent the construction of new gas power plants by promoting better energy efficiency and the use of more renewable energy resources. By 2020, carbon dioxide emissions must be cut to levels which are 30 per cent below those in 1990, according to the initiative committee. The groups, including World Wildlife…

Crans-Montana gets tougher on holiday homes

This content was published on Mar 12, 2007 The vote comes three months after canton Valais issued a one-year ban on foreigners buying holiday homes in seven local communes, which include the resort of Verbier. Citizens of the six communes that make up Crans-Montana voted on Sunday to change the law on quotas, in a bid to reduce the number of beds in…

Swisscom sidesteps foreign acquisition shackles

This content was published on Mar 12, 2007 The deal would represent the first major foreign acquisition since the Swiss government, Swisscom’s majority stakeholder, overruled its previous expansionist strategy more than a year ago. Analysts say the proposed deal represents good value for money and sound strategic sense as Fastweb, Italy’s second-largest fixed network operator and a leading provider of internet protocol (IP)…

Press says health reforms remain on cards

This content was published on Mar 12, 2007 More than 70 per cent of voters rejected the initiative. But editorialists say the result should not be seen as support for the current situation, and argue efforts are needed to cut rising costs. The prestigious Neue Zürcher Zeitung (NZZ) newspaper sums it up under the headline: “Reason instead of adventurous experiment”. It considers the…

Health reform flops at the ballot box

This content was published on Mar 11, 2007 Sunday’s ballot was the latest in a series of attempts to cut rising costs and ease the financial burden on citizens. Final results showed 71 per cent of voters rejected the reform. Turnout was close to 46 per cent, slightly above average. As expected, voters in the main German-speaking part of the country turned down…

Single health insurance reform fails at polls

This content was published on Mar 11, 2007 Offical results show more than 70 per cent of the electorate rejecting the reform. The results showed just two of the country’s 26 cantons had approved the reform. Turnout was above average, at 45.5 per cent. As anticipated voters in the main German-speaking part of the country overwhelmingly rejected the plan, which was supported by…

Health insurance plan to face test at polls

This content was published on Mar 10, 2007 The plan, which is supported by the centre-left but opposed by the centre-right as well as the business community, parliament and the government, is the latest in a series of attempts to cut increasing costs, notably health premiums. There are currently 87 private insurers providing mandatory coverage for basic health care for residents in Switzerland…

Swiss still some way from safety

This content was published on Mar 9, 2007 Switzerland’s former national carrier lags behind European competitors despite recording its first-ever full-year profits and will be dropped by parent company Lufthansa if its performance sags, according to Sepp Moser. Swiss took advantage of a market upturn to post a net profit of SFr263 million ($215.4 million) for 2006, compared with a SFr178-million loss the…

Doctors prescribe single health insurance

This content was published on Mar 9, 2007 But otherwise support remains patchy, as the political left is divided over whether the new scheme will be any improvement. They are up against a united front presented by opponents in parliament and the industry. Switzerland’s current health system is made up of obligatory basic health insurance as offered by 87 providers. Supporters of the…

Page 843 of 1641

First … 841 842 843 844 845 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Sign in and personalize Swissinfo