Archive – Banking & Fintech

Government defends countrywide child benefit

This content was published on Sep 28, 2006 Couchepin said on Thursday that it was time to do away with the 26 cantonal systems in favour of a unified benefit that would be more transparent and less confusing. “At a time when both parents work and often in different cantons, we have to sort out this problem,” he told a news conference in…

Swiss bourse breaks record

This content was published on Sep 28, 2006 Investors are optimistic, with oil prices falling and the economic outlook for Switzerland and the eurozone expected to be good for at least another two years. Mirroring the efforts of other European bourses, the index rose above 8,413 points on Wednesday – driven by shares in the pharmaceutical and insurance sectors. The SMI has gained…

Leuthard sets out her economic priorities

This content was published on Sep 27, 2006 But she warned at a news conference in the Graubünden resort of Laax on Wednesday that to achieve that goal reforms were essential. Leuthard, who has been in office for 58 days, said she wanted to bring prices down and liberate the economy from unnecessary bureaucratic hurdles. She broke tradition by not waiting for the…

Charity supermarket exposes Zurich’s wealth gap

This content was published on Sep 27, 2006 Catholic charity Caritas estimates that 20,000 locals living below the poverty line could benefit from the shop that sells groceries at up to 30 per cent cheaper than high street stores. The supermarket, which opened in the northern district of Oerlikon in July, challenges Zurich’s image as a well-heeled city of banks and luxury shops,…

Cantons step up anti-smog campaign

This content was published on Sep 26, 2006 The wide-ranging plan foresees reducing motorway speed limits and banning wood fires at peak pollution times but also calls for more government support to help tackle the causes of smog. Many urban centres in Switzerland regularly suffer above-average levels of fine particle smog and high ozone levels in both winter and summer, leading to health…

Swiss top global competitiveness rankings

This content was published on Sep 26, 2006 It is the first time that the Swiss have taken the top spot in the WEF’s annual Global Competitiveness Report, which was published on Tuesday. “Switzerland’s top ranking reflects a combination of a world-class capacity for innovation and the presence of a highly sophisticated business culture,” said Augusto Lopez-Claros, chief economist of the WEF, in…

Flight delays continue after pilot strike

This content was published on Sep 26, 2006 Swiss International Air Lines said it intends to claim damages from the Swiss Pilots Association (SPA) for the work stoppage which analysts say damaged the airline’s image. “The strike has led to some reorganisation that was not foreseeable yesterday,” airline spokesman, Jean-Claude Donzel, said about Wednesday’s additional cancellations. “In a few cases the crew wasn’t…

SIG invites buyers to look at its packaging

This content was published on Sep 25, 2006 The company’s move follows rejection of a SFr2.28 billion ($1.85 billion) takeover bid from Norway’s Elopak company and CVC Capital Partners. At the stock exchange in Zurich SIG shares closed the day at SFr345.50, a 13.19 per cent increase over Friday’s close. A statement from SIG headquarters just outside Schaffhausen said the board of directors…

Unions launch wage demand demonstration

This content was published on Sep 23, 2006 The Swiss Federation of Trade Unions said the demand is justified in the light of an upswing in Switzerland’s economy and recently inflated salaries awarded to “fat cat” bosses. Executives of several top Swiss companies came under fire earlier this year after receiving generous pay increases far above the average salary hikes. Saturday’s demonstration, under…

Swiss bureaucrats lured abroad

This content was published on Sep 23, 2006 After several years trying to interest Swiss graduates in international posts, the foreign ministry is slowly starting to see the fruits of its labours. There is currently an imbalance between the amount Switzerland pays to international organisations and the number of Swiss staff. Some 750 Swiss nationals work for 120 international organisations worldwide – or…

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Archive – Banking & Fintech

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Government defends countrywide child benefit

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Swiss bourse breaks record

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Leuthard sets out her economic priorities

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Charity supermarket exposes Zurich’s wealth gap

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Cantons step up anti-smog campaign

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Swiss top global competitiveness rankings

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Flight delays continue after pilot strike

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SIG invites buyers to look at its packaging

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Unions launch wage demand demonstration

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Swiss bureaucrats lured abroad

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