Archive – Banking & Fintech

Novartis leaves Berna Biotech on the shelf

This content was published on Jan 10, 2006 The announcement paves the way for Crucell, a Dutch company, to make good its own offer and comes a month after Novartis said it was considering making a cash bid. The Novartis decision sent the Berna share price reeling at the stock exchange in Zurich. At close of trade on Tuesday the stock was down…

Study finds out what’s for dinner

This content was published on Jan 9, 2006 Contrary to Swiss Italians, Swiss French and Germans show a lack of creativity in the kitchen and waste little time preparing their meals. The results of the study, sponsored by the processed food company, Knorr, were based on surveys conducted at 11,000 homes on one evening in late November last year. Slightly more than 50…

Public transport good for ecology and economy

This content was published on Jan 9, 2006 The author of the report recommends that a third of the revenue from the current petrol tax should be used to subsidise new public transport infrastructure, amounting to SFr1.25 billion ($980 million) a year. Sponsored by the pro-public transport organisation, umverkehR (Verkehr=traffic), the study found that thousands of new jobs would be created since public…

Adecco makes a move for German “gem” DIS

This content was published on Jan 9, 2006 The company also announced that DIS chief executive Dieter Scheiff and chief financial officer Dominik de Daniel had been offered the positions of CEO and CFO of Adecco. Adecco says the deal, worth €636 million (SFr981 million), will allow the company to strengthen its position on the German recruitment market, which is one of the…

Obwalden’s new tax system creates interest

This content was published on Jan 7, 2006 According to local authorities, foreign citizens and companies are already enquiring about conditions for setting up shop in this quiet corner of Switzerland. Germans have so far shown the most interest in moving to Obwalden. “They came during the Christmas holidays to find out about our taxes on individuals and companies,” the local economics minister,…

Government agrees with OECD verdict

This content was published on Jan 6, 2006 The OECD report on Switzerland, published on Friday, said welfare, competition, education, fiscal and tax reforms did not go far enough and were moving too slowly. Jean-Daniel Gerber, head of the State Secretariat for Economic Affairs (Seco), agreed with the OECD conclusion that Switzerland must increase growth potential and get public spending under control. But…

Cautious optimism for Swiss economy

This content was published on Jan 6, 2006 The announcement came as the Organisation for Economic Cooperation and Development (OECD) told Switzerland it needed to boost production and get a tighter grip on public spending. On Friday the State Secretariat for Economic Affairs (Seco) said it was upgrading its previous forecast for 2006 by a tenth of a percentage point. “The government’s panel…

Sharon’s stroke prompts peace-process fears

This content was published on Jan 5, 2006 With Sharon critically ill in hospital, observers fear for the future of the Middle East peace process and do not hold out much hope for an improvement in recently soured Swiss-Israeli relations. Leuenberger sent Sharon a telegram on Thursday wishing him a speedy recovery after emergency surgery. “The Swiss government and the Swiss people share…

Unions want everyone to benefit from upswing

This content was published on Jan 5, 2006 Employers for their part are demanding more constructive cooperation among politicians, a balancing of the federal budget and improvements to the social welfare system. The trade union federation president, Paul Rechsteiner, told a news conference in Bern on Thursday that since the economy was on the upswing, it was time for the majority of people…

Farmers want help to adapt to market

This content was published on Jan 5, 2006 But the Swiss Farmers’ Association said on Thursday the agricultural sector was prepared to adapt to new conditions with political support. “Most farms are in a critical economic situation and breaking even is a major challenge for them,” pointed out the association’s director, Jacques Bourgeois. Speaking in Barberêche, the village near Fribourg that is home…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Novartis leaves Berna Biotech on the shelf

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Study finds out what’s for dinner

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Public transport good for ecology and economy

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Adecco makes a move for German “gem” DIS

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Obwalden’s new tax system creates interest

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Government agrees with OECD verdict

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Cautious optimism for Swiss economy

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Sharon’s stroke prompts peace-process fears

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Unions want everyone to benefit from upswing

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Farmers want help to adapt to market

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