Archive – Banking & Fintech

Dormann to step down as ABB chairman next May

This content was published on Dec 11, 2006 ABB, which has its headquarters in Zurich, said Dormann had decided not to seek re-election for a further term. Dormann, aged 66, is widely praised as the architect of the successful turnaround of the group. It had overstretched itself in an expansion programme that brought the company to near collapse under a mountain of debt.…

Leuthard pushes for stronger trade with US

This content was published on Dec 10, 2006 The discussions will mainly concern the stalled Doha Round of trade liberalisation talks and the US-Swiss Trade and Investment Cooperation Forum. Meetings with Secretary of Agriculture Mike Johanns as well as with the Department of Commerce, the business community and several members of Congress are also on the agenda. The visit comes at an important…

Railways boss prepares to change course

This content was published on Dec 10, 2006 But in an interview with swissinfo 60-year-old Weibel says there are challenges ahead, notably getting the freight division back on track. The longest-serving railway chief in Europe, Weibel was named chief executive in 1993. He ends his 28-year association with the railways at the end of the year and will become Switzerland’s official delegate to…

Getting cargo through the alpine bottleneck

This content was published on Dec 9, 2006 Part of this strategy has been to combine rail and road transport, but the message is not getting through to hauliers, who are still putting more trucks on the road. Switzerland is the European champion when it comes to rail transport. In 2005, nearly two thirds of cargo in transit travelled by rail. In Austria,…

Central bank warns against complacency

This content was published on Dec 8, 2006 Its president, Jean-Pierre Roth, said on Friday that global financial crises were still a possibility even though the outlook looked unthreatening. Roth said investors were showing a “hearty risk appetite” and some may have forgotten that crises in the global financial system could never be ruled out. “We must remain alert,” he said in a…

Syngenta agrees to payouts to cancer victims

This content was published on Dec 6, 2006 According to the Unia trade union, which described the deal as “exemplary”, Syngenta is also giving SFr250,000 ($208,950) for cancer prevention programmes. Both sides have agreed to withhold details of the payouts to employees, however. The agreement comes more than a year after reports of a number of cases of bladder cancer around the southwestern…

Swiss in space

This content was published on Dec 5, 2006

Booming economy helps rich get richer

This content was published on Dec 5, 2006 The flourishing economy, high stock market levels, rising real estate prices and the boom in the art market have pushed up the wealth of Switzerland’s 300 richest individuals and families by SFr55 billion compared with last year. According to the Bilanz magazine, the super rich own on average SFr1.517 billion each. But it notes that…

Reducing the growing e-waste mountain

This content was published on Dec 1, 2006 The United Nations Environment Programme (UNEP) estimates that up to 50 million tons of waste from discarded electronic goods is generated annually. Improper disposal of “e-waste” can release hazardous chemicals and heavy metals into the environment. “The amount of e-waste is growing and creating lots of unresolved problems mainly in developing countries,” Thomas Kolly, head…

Deal seeks end to Geneva’s housing crisis

This content was published on Dec 1, 2006 The deal is expected to result in the cantonal government investing SFr300 million ($250 million) over the next decade in affordable public housing. The accord, signed by an array of actors from the canton to property companies and campaigners, is designed to revitalise the city’s residential housing sector, which has been stagnant for years. Significantly…

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Dormann to step down as ABB chairman next May

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Leuthard pushes for stronger trade with US

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Railways boss prepares to change course

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Getting cargo through the alpine bottleneck

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Central bank warns against complacency

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Syngenta agrees to payouts to cancer victims

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Swiss in space

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Booming economy helps rich get richer

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Reducing the growing e-waste mountain

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Deal seeks end to Geneva’s housing crisis

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