Archive – Banking & Fintech

Cabinet rejects single health insurance

This content was published on Dec 22, 2006 Interior Minister Pascal Couchepin presented the government’s position in Bern on Friday, attacking a plan put forward by centre-left political parties, and which will come to a nationwide vote in March. The people’s initiative wants to do away with the free choice of health insurers, and link premiums to income and personal wealth, bringing together…

Foreigners banned from buying homes in Verbier

This content was published on Dec 22, 2006 The decision, imposed by the government of the southern canton of Valais, has infuriated local officials who claim the move will send buyers elsewhere. Seven communes – all home to mountain resorts – in canton Valais have been hit by a temporary freeze on the sale of holiday homes to foreigners. Announcing the decision, canton…

Swiss foreign investment surges ahead

This content was published on Dec 20, 2006 Swiss firms are well represented outside the country, said the bank, adding that for the first time ever, Swiss subsidiaries had employed more than two million people abroad. “Robust global economic growth, the positive corporate earnings situation and a low interest rate level created favourable conditions for direct investment,” noted the bank in its December…

Property boom tests Swiss-French relations

This content was published on Dec 19, 2006 Claude Birraux, deputy for the department of Haute-Savoie, says the Swiss city’s chronic housing shortage is to blame and he has called on the cantonal authorities to act. Since 2004 Swiss citizens have not required a residency permit to live in France, under a series of bilateral accords signed two years earlier between Switzerland and…

Swisscom buys back mobile stake from Vodafone

This content was published on Dec 19, 2006 The long-awaited deal, which is worth SFr4.25 billion ($3.5 billion), is expected to boost Swisscom’s home market position. “It was the right thing to complete the transaction before the end of the year,” said Swisscom chief executive Carsten Schloter on Tuesday. The acquisition means that Swisscom will not have to pay SFr300 million in dividends…

Watchmakers sound alarm over internet fakes

This content was published on Dec 19, 2006 The run-up to Christmas has seen a flood of spam offering discounts on “replica” watches – even the Federation of the Swiss Watch Industry has been on the receiving end. “Christmas is a period that is set up for this kind of offer and people are profiting from this,” Jean-Daniel Pasche, president of the federation,…

Farmers seek friends in parliament

This content was published on Dec 18, 2006 Farmers’ organisations, which would like to slow down the pace of reform, have friends among the politicians but aren’t so sure which parties are going to defend their interests. For years, Swiss farmers were heavily subsidised and protected from market forces. But more recently, they’ve had to deal with more and more competition from abroad,…

Who’s afraid of the alpine wolf?

This content was published on Dec 16, 2006 While Graubünden in eastern Switzerland has fewer wolves and larger, better-protected herds, Valais in the west is home to more wolves, which are preying on the smaller herds. Wolves were driven to extinction in Switzerland a century ago, but their recent return frequently makes it into the headlines – invariably for negative reasons when another…

Cabinet gives go-ahead for surplus arms sales

This content was published on Dec 15, 2006 The approval follows controversy surrounding planned sales of surplus Swiss army equipment in the recent past, in particular to the United Arab Emirates. At its meeting on Friday, the cabinet gave the green light to the deals, to be worked out by the State Secretariat for Economic Affairs (Seco). The sales include 20 air defence…

Dam fund gets conditional approval

This content was published on Dec 15, 2006 The proposed Ilisu dam in the southeastern province of Anatolia has provoked controversy because it will flood a large area and force 55,000 people, mostly Kurds, to leave their homes. On Friday, the Swiss authorities gave the go-ahead to the Export Credit Agency (ECA) to guarantee the export risks of Alstom Switzerland, Maggia, Stucky and…

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Archive – Banking & Fintech

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Cabinet rejects single health insurance

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Foreigners banned from buying homes in Verbier

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Swiss foreign investment surges ahead

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Property boom tests Swiss-French relations

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Swisscom buys back mobile stake from Vodafone

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Watchmakers sound alarm over internet fakes

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Farmers seek friends in parliament

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Who’s afraid of the alpine wolf?

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Cabinet gives go-ahead for surplus arms sales

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Dam fund gets conditional approval

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