Archive – Banking & Fintech

Text messages and red noses for New Year

This content was published on Jan 2, 2007 Another record was the number of people taking advantage of a lift home after enjoying a drink. Thanks to the “Red Nose” road safety campaign, throughout December and over New Year over 24,000 people were delivered home safely by a volunteer driver. Between December 31, 2006 and New Year’s Day, the Swiss sent a total…

Cheers to the New… and to the Old

This content was published on Jan 2, 2007 For the beginning of 2007, I also have a little grab bag of observations on lesser issues: the internet, air travel, and an aspect of history. Time Magazine has declared you, the internet user, person of the year of 2006. The choice has been criticized because it might not really be “you,” the individual, who…

Antique Tram

This content was published on Jan 1, 2007

Swiss business riding crest of a wave

This content was published on Dec 29, 2006 But economists have warned firms to brace for the effects of a temporary global slowdown next year and the early signs are already visible in Switzerland. Buoyed by the strong momentum in evidence during the latter stages of 2005, the two main Swiss banks, UBS and Credit Suisse, turned in impressive first-half results. Net profits…

Swiss forge deal with Peru over stolen goods

This content was published on Dec 29, 2006 Switzerland is among the world’s five biggest trade hubs for art objects, according to the Federal Culture Office. The signing ceremony with the Peruvian deputy foreign minister, Gonzalo Gutierrez Reinel, took place in the capital, Lima, during an official visit by Couchepin. Peru has a history and cultural heritage dating back thousands of years. According…

Charities confident of another bumper year

This content was published on Dec 28, 2006 Estimates by the gfs Zurich research institute put the annual average of donations at around SFr1 billion ($820 million), slightly below the SFr1.3 billion the Swiss gave in 2005. “Every year I’m surprised how generously the Swiss give, not only towards development aid or humanitarian activities but also for environmental projects,” said Marianne Tellenbach of…

Shoppers prove to be in merry mood

This content was published on Dec 27, 2006 Most of the retailers questioned by the news agency, Associated Press, said sales were better than in 2005. A spokesman for the department store chain, Globus, said turnover was up by six per cent in November and December compared with the same period last year. He said fashion accessories such as handbags and jewellery were…

Giant Swiss Army knife sharpens Wenger brand

This content was published on Dec 26, 2006 And while “normal” users of the Swiss Army knife might scoff and say it is just too big, unwieldy and unusable, collectors are snapping it up. The Giant Swiss Army Knife weighs in at 1.3 kg and contains all 85 tools that are in Wenger’s catalogue for 2007. “We wanted to show what a Swiss…

Federer visits tsunami victims in India

This content was published on Dec 23, 2006 On his two-day trip, Federer visited Unicef’s tsunami recovery programmes in Cuddalore, in the country’s hardest-hit state of Tamil Nadu, including a protection centre for children and orphans. More than 18,000 people in India, a third of them children, were killed or reported missing by the tsunami on December 26, 2004. In Tamil Nadu alone,…

Rising fortunes revive taste for the high life

This content was published on Dec 23, 2006 But it is a different story for the cigar trade, as the growing backlash against smoking continues to bite into its bottom line. For those selling luxury goods in the Swiss financial capitals of Zurich and Geneva, the run-up to Christmas certainly promises to be one to remember. Booming profits and resurgent stock markets mean…

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