Archive – Banking & Fintech

Criminologist fits beauty queen profile

This content was published on Sep 10, 2006 Rigozzi, vital statistics 88-63-96, thus becomes the first Ticinese in ten years to be considered the most beautiful 19- to 24-year-old in the country. Fittingly, the television viewers’ decision on which of the 15 contestants was easiest on the eye was announced by the previous winner from the Italian-speaking part of Switzerland, Melanie Winiger. Winiger,…

Swiss praised for promoting business ethics

This content was published on Sep 8, 2006 Recently appointed UN business ethics supremo John Ruggie is impressed by the Swiss government’s recognition that individual liberties cannot be divorced from economic interests. Ruggie pointed to early Swiss support for the UN Global Compact, which stands for politically correct business practices, and for his own appointment as special representative to UN secretary-general Kofi Annan.…

Unemployment rises but is set to come down

This content was published on Sep 8, 2006 But despite this, economists say that the jobless rate could fall in the coming months as the economy continues to grow strongly. Although the official seasonally adjusted jobless rate remained steady at 3.1 per cent – unchanged from July – Seco said that the number of registered unemployed at the country’s job centres rose by…

Emirates trio stakes a claim on SR Technics

This content was published on Sep 7, 2006 SR Technics said the new owners, Mubadala Development, Dubai Aerospace Enterprise and Istithmar, would purchase more than 90 per cent of the company. Of this stake, Mubadala Development will own 40 per cent and Dubai Aerospace Enterprise and Istithmar will hold 30 per cent each. The remaining shares will be retained by the management of…

Axe set to fall on jobs at Winterthur

This content was published on Sep 7, 2006 It is anticipated that 250 posts will be slashed at Winterthur’s head office north of Zurich, the insurer announced on Thursday. Wintherthur, which was previously part of the Credit Suisse Group, was sold to AXA in June this year for SFr12.3 billion ($9.96 billion) in cash. “As a result of the sale, it is anticipated…

Gotthard rail tunnel begins to take shape

This content was published on Sep 6, 2006 The 57km-long tunnel on the main north-south transalpine route is part of a major upgrade of Swiss rail transit infrastructure and is due to open for traffic in 2016. The breakthrough in the tunnel section between Faido and Bodio on Wednesday came after four years of work. The giant boring machine reached its target with…

Geneva banks expand on changing fortunes

This content was published on Sep 6, 2006 The canton’s 140 banks now employ more than 18,000 staff, reflecting the increased demand for asset management as a result of a buoyant global economy and higher commodity prices. “We are certainly benefiting from a positive environment within our traditional corresponding countries, whether in Europe, North or Latin America, the Middle East and the expansion…

Watchmaking industry fears labour shortage

This content was published on Sep 6, 2006 According to an industry survey, more than 2,000 additional workers will be needed to meet a rise in demand triggered by the luxury watch segment and a general economic upturn. François Matile of the industry’s employers’ association said fully-trained watchmakers, technicians and other specialists were in short supply. He said the industry would also be…

swiss drive towards freight success

This content was published on Sep 6, 2006 For the vice president of Spedlogswiss, the national association of freight forwarders, the importance of the forwarding and logistics industry is underestimated. The major service industries for which Switzerland has a worldwide reputation not only include banking, insurance and the hotel business, but also freight forwarding and logistics. Few people realise that the forwarding and…

Unia pushes for strengthening of SMEs

This content was published on Sep 5, 2006 In its first economic policy paper, the organisation targets overpriced imports of raw materials and energy prices, and warns companies against cutting salaries in a bid to remain competitive. Unia co-president Renzo Ambrosetti said SMEs provided two-thirds of the country’s jobs but were often neglected by politicians and economic experts. He said some sectors offered…

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Criminologist fits beauty queen profile

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Swiss praised for promoting business ethics

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Unemployment rises but is set to come down

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Emirates trio stakes a claim on SR Technics

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Axe set to fall on jobs at Winterthur

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Gotthard rail tunnel begins to take shape

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Geneva banks expand on changing fortunes

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Watchmaking industry fears labour shortage

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swiss drive towards freight success

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Unia pushes for strengthening of SMEs

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