Archive – Banking & Fintech

Ticino toasts its Merlot wines

This content was published on Apr 24, 2006 The first attempts to cultivate this variety in the region were rather haphazard and it took a further 50 years before merlot became the Ticinese wine par excellence. Eros Walter, president of the Merlot06 centenary celebrations and vice-president of Federviti, the federation of Ticinese winemakers, said that it was only after the end of the…

Call to invest in renewable energy sources

This content was published on Apr 23, 2006 Speaking at an international meeting in the Gulf emirate of Qatar he pleaded for close cooperation in the search of new technologies and renewable energy sources. “We are now at the dawn of a new energy era. As with any period of profound change it is fraught with uncertainty and risks, but it is also…

Swiss unfazed by planned IMF reform

This content was published on Apr 23, 2006 Finance Minister Hans-Rudolf Merz has welcomed the reforms but says it will have a limited impact on Switzerland. The strategy was endorsed by the IMF’s steering committee during a meeting in Washington on Saturday. The conference asked IMF managing director Rodrigo Rato to present a plan by September aimed at re-allocating the voting power, or…

Chernobyl legacy hangs over Swiss energy policy

This content was published on Apr 23, 2006 In the aftermath of the catastrophe on April 26, 1986, Swiss voters approved a moratorium on building new nuclear plants, but in 2003 they backed away from phasing out nuclear energy altogether. Johann Schneider-Ammann, president of the Swiss mechanical and electrical engineering industries (Swissmem), warns that energy needs are likely to outstrip supply by two-thirds…

“The country’s social cohesion is at stake”

This content was published on Apr 22, 2006 The comments by the Swiss Business Federation, economiesuisse, follow the announcement earlier this week that UBS chairman Marcel Ospel was paid SFr24 million ($18.74 million) last year. Ospel’s hefty pay packet also came under fire from UBS shareholders at Wednesday’s annual general meeting of Switzerland’s largest bank. “How can I justify to my students the…

Swiss take part in debate over IMF reform

This content was published on Apr 22, 2006 A high-ranking Swiss delegation is attending the joint spring session of the IMF and World Bank, where debates over reform are continuing. Switzerland represents a voting group of eight countries within the World Bank. For the Swiss finance and economics ministers, Hans-Rudolf Merz and Joseph Deiss, the gathering is an occasion to analyse current economic…

Switzerland vows to continue Chernobyl aid

This content was published on Apr 21, 2006 Toni Frisch, director of the Swiss government’s Humanitarian Aid Unit, says the three million people affected by the nuclear disaster will need support for decades to come. According to Frisch, the medical, social and economic consequences have still not been overcome 20 years after the accident at Chernobyl’s nuclear reactor. Frisch, who attended the three-day…

Mouse maker reveals how niche players succeed

This content was published on Apr 20, 2006 Logitech introduced the revolutionary computer mouse on to the market in 1984. Last year it brought 130 new products into people’s homes. Borel is currently chairman of the highly successful firm that he set up at his father-in-law’s farm in 1981 together with Pierluigi Zappacosta and Giacomo Marini. He is also founder of the Defitech…

Big British retailer moves into Swiss market

This content was published on Apr 20, 2006 Loved by Brits for its lingerie, the 122-year-old chain’s arrival in Geneva comes as both the company and its clothing lines are recovering some of their former lustre. The new store, which will open on the city’s highly competitive Rues-Basses on April 27, is expected to be the first of five Marks & Spencer (M&S)…

Computer gadgets boost Logitech profits

This content was published on Apr 20, 2006 Sales for the year ending on March 31 were $1.8 billion (SFr2.29 billion), up 21 per cent over the previous fiscal year. Net profit rose to $181 million. Fourth-quarter sales were $466 million, up 16 percent from $403 million for the same quarter period year ago. “We are very pleased with the company’s strong performance,…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Ticino toasts its Merlot wines

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Call to invest in renewable energy sources

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Swiss unfazed by planned IMF reform

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Chernobyl legacy hangs over Swiss energy policy

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“The country’s social cohesion is at stake”

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Swiss take part in debate over IMF reform

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Switzerland vows to continue Chernobyl aid

More

Mouse maker reveals how niche players succeed

More

Big British retailer moves into Swiss market

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Computer gadgets boost Logitech profits

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