Archive – Banking & Fintech

Niger food-aid cuts divide opinion

This content was published on Sep 19, 2005 The Swiss Agency for Development and Cooperation (SDC) agrees with the decision, but the Swiss branch of Médecins Sans Frontières (MSF) has warned it could lead to further deaths. The UN World Food Programme has announced that it will end its general distribution and target only the most needy areas when Niger’s harvest begins next…

Energy debate reignites in parliament

This content was published on Sep 19, 2005 Trade unions and the centre-left Social Democrats are pitted against the other main parties and the business community. During the first week of the regular autumn session, the House of Representatives is due to launch a debate in the latest stage of an ongoing row about the opening up of the Swiss power market. In…

Switzerland hosts Info Summit preparations

This content was published on Sep 18, 2005 The 11-day gathering is open to government and United Nations representatives, non-governmental organisations and the private sector. The second phase of the WSIS, the UN-sponsored conference on information and communication, will take place in the Tunisian capital of Tunis from November 16-18. The first part took place in December 2003 in Geneva, where an action…

Parliament squares up to busy weeks ahead

This content was published on Sep 18, 2005 In that time, the House of Representatives has to scrutinise amendments to the asylum law and the liberalisation of the electricity market, while debates in the Senate will focus on health insurance. Three days of discussion are scheduled for the House to iron out differences on revisions to legislation on asylum and foreigners’ rights. While…

Precimed brings in new investors for growth

This content was published on Sep 16, 2005 Precimed said it closed a SFr34 million ($27 million) deal with venture capital investors, in a transaction led by the Bern-based BVGroup Private Equity. The syndicate also includes Ypsomed Holding AG of Burgdorf, HBM BioVentures of Zurich, and Vinci Capital Switzerland of Ecublens. The deal, which comes on the back of several years of double-digit…

Cablecom prepares to go public

This content was published on Sep 16, 2005 The company, which provides television and telephone services, said that going public should help it become number two on the Swiss telecommunications market. Speculation about Cablecom’s future has been rife for the past three months. The company admitted during the summer that it had been considering options and that potential buyers had regularly approached it…

Leica Geosystems ripe for Hexagon takeover

This content was published on Sep 16, 2005 Zurich Cantonal Bank analyst Serge Rotzer says shareholders in the Swiss measuring technology group are now certain to take Hexagon’s money. The United States firm Danaher said on Thursday it had sold all 95,000 of its shares in the Swiss measuring technology group. It comes after Danaher indicated it would not up its offer of…

Public-sector employees down tools

This content was published on Sep 15, 2005 The day of action came one week after the Swiss government unveiled proposals to overhaul and slim down the civil service. The demonstration, held under the banner “Public service: the foundation of our society”, was jointly organised by 17 unions. Thousands of people took to the streets in a series of coordinated protest events. Organisers…

Farmers asked to do better with less

This content was published on Sep 14, 2005 The Swiss Farmers’ Association condemned the proposal, saying that it would put more pressure on an already ailing industry. Announcing the plans on Wednesday, Economics Minister Joseph Deiss said the government also expected “agriculture to make efforts to restructure itself”. He added that the government’s 2011 agriculture-reform programme would increase competitiveness and further open up…

Letter delivery monopoly to be lifted

This content was published on Sep 14, 2005 It is the latest step towards privatising the state–owned company and opening the postal market to other licensed competitors. Swiss Post, which currently holds a monopoly on all letters delivered in the country, will face competition for the delivery of letters over 100 grams from April next year. Companies wishing to offer a delivery service…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Niger food-aid cuts divide opinion

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Energy debate reignites in parliament

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Switzerland hosts Info Summit preparations

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Parliament squares up to busy weeks ahead

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Precimed brings in new investors for growth

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Cablecom prepares to go public

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Leica Geosystems ripe for Hexagon takeover

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Public-sector employees down tools

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Farmers asked to do better with less

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Letter delivery monopoly to be lifted

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