Archive – Banking & Fintech

Jobless rate remains flat

This content was published on Aug 7, 2006 The State Secretariat for Economic Affairs (Seco) said on Monday 121,725 people had registered as unemployed, down 1,112 from the previous month. It is the lowest level since November 2002 (2.8 per cent), but experts said the figure could increase again this year with more school leavers and apprentices coming onto the job market in…

When surfers get caught in the net

This content was published on Aug 6, 2006 Zurich has become the first canton to launch a campaign to combat the growing trend that very often results in web users losing their grip on reality. People are increasingly chatting, playing games, visiting sex sites, downloading music and buying items online. The fact that this can be done from the comfort of home, makes…

Organic sector urged to develop its potential

This content was published on Aug 6, 2006 Markus Arbenz, who took over as director on June 1, said organic producers needed to adapt to changed circumstances, stressing quality over quantity, and marketing their goods better. The number of organic farms fell last year for the first time and turnover was also slightly down. But the Swiss remain world leaders in the consumption…

Money laundering regulations fail to meet targets

This content was published on Aug 4, 2006 Researchers say that the rules have helped financial institutions safeguard their reputations but have done nothing to eradicate some types of crime. The report, released on Friday and commissioned by the Association of Swiss Commercial and Investment Banks, compared AML banking practices in Switzerland, Singapore and Germany. The results showed that the implementation of money…

Fortified rice offers hope to poorest children

This content was published on Aug 4, 2006 A study carried out among iron-deficient children in India indicated that the fortified rice also significantly reduced levels of harmful lead in the children’s blood. The findings of the 16-week study have just been published by the Federal Institute of Technology in Zurich. Rice – a staple of one-third to one-half of the Earth’s population…

Long live the “King of the Alps”

This content was published on Aug 4, 2006 The team of biologists I accompanied are a key link in a conservation chain ensuring that the ibex colonies spread across the Swiss Alps remain healthy – exactly 100 years after the animal’s re-introduction. There are about 14,000 ibex in Switzerland, and about 250 of them live in the wild on the high ridge running…

Swiss Re profits from fewer claims

This content was published on Aug 4, 2006 The Zurich-based company, which recently bought the reinsurance operations from General Electric, announced on Friday that profit had risen to SFr1.57 billion ($1.3 billion) from SFr1.35 billion a year earlier. Total premiums earned rose 4.9 per cent to SFr13.8 billion compared with SFr13.2 billion a year earlier, the world’s largest reinsurer said in a statement.…

EasyJet expands operations in Geneva

This content was published on Aug 3, 2006 But plans to reopen an old terminal for use by low-budget airlines remain on hold following a challenge by Air France. EasyJet, which is the number two airline in Switzerland, announced on Thursday that it is to introduce daily flights from Geneva to Hamburg from December 1 and to Prague from October 29. The company…

Union echoes call for general wage increase

This content was published on Aug 3, 2006 Travail.Suisse has called for a general salary increase of up to three per cent for 2007. It also wants to try to reverse the sizeable wage differences between top managers and employees. The call, at a news conference in Bern on Thursday, follows a similar demand from the Swiss Trade Union Federation in June. “The…

Fair trade firm accused of foul play

This content was published on Aug 3, 2006 Criticism is also aimed at the global organisation’s branch in Switzerland, where consumers are big buyers of Max Havelaar products. The charges against Max Havelaar are detailed in a 500-page book, “Les coulisses du commerce equitable” (Behind the scenes of fair trade), by Christian Jacquiau. Paola Ghillani, a former director of Max Havelaar Switzerland, disagrees…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Jobless rate remains flat

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When surfers get caught in the net

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Organic sector urged to develop its potential

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Money laundering regulations fail to meet targets

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Fortified rice offers hope to poorest children

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Long live the “King of the Alps”

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Swiss Re profits from fewer claims

More

EasyJet expands operations in Geneva

More

Union echoes call for general wage increase

More

Fair trade firm accused of foul play

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