Archive – Banking & Fintech

Shouting “I do” from the mountaintops

This content was published on Jun 30, 2005 The offer is on a scale never seen before in Switzerland. As of July 1, couples can marry atop mountains, aboard trains and inside medieval castles. The cantonal authorities have sanctioned ten scenic locations where the official ceremony can take place (see “key facts” for the list). “We don’t want the region to become known…

Swiss personnel carriers to go to Iraq

This content was published on Jun 29, 2005 The move has attracted criticism from the main political parties in Switzerland, which say the sale damages the principle of neutrality. The State Secretariat for Economic Affairs (Seco) justified the decision by saying that Switzerland, like other countries, had “an interest in ensuring that the situation in Iraq stabilised as soon as possible”. However, this…

Forests to be maintained for the common good

This content was published on Jun 29, 2005 It has proposed a number of amendments to the forestry law to preserve the biological diversity of forests and recognise their role in providing protection from natural disasters. “The forest should protect inhabited areas and busy streets from natural disasters, provide recreation, clean drinking water and offer diversified space for living,” said a statement by…

Smokers chased from public transport services

This content was published on Jun 29, 2005 The Public Transport Union (PTU), whose members include the Swiss Federal Railways, said protecting passengers against passive smoking was more important than individual freedoms. The transport umbrella organisation on Wednesday announced it would outlaw passive smoking in the interest of customers. It said that passengers – including 20 per cent who are smokers – generally…

Unaxis senior bosses leave the ship

This content was published on Jun 29, 2005 It said that Kaspar Kelterborn (CFO) and Matthias Mölleney were quitting as a result of management changes decided at an extraordinary shareholders meeting on Tuesday. At that meeting, Unaxis surrendered control to the Austrian investment firm, Victory, ending a drawn-out battle for ownership of the loss-making concern. Unaxis said in a statement from its headquarters…

Leica rejects hostile takeover bid

This content was published on Jun 27, 2005 The Swiss group said the offer made on Monday of SFr440 ($347) per share – worth about SFr1 billion – was too low. “The board has considered the offer [and] came to the conclusion that the Hexagon offer does not reflect the actual value of the company and its excellent growth potential,” Leica Geosystems said…

Swiss-American relations in spotlight

This content was published on Jun 26, 2005 She will discuss the question of an additional further Red Cross emblem with Rice, and United Nations reforms during a stop in New York. As the depository state of the Geneva Conventions, Switzerland is closely following the debate concerning a third symbol, after the cross and crescent, for the Geneva-based Red Cross movement. Switzerland has…

Railways bosses admit mistakes

This content was published on Jun 26, 2005 Speaking in the Sunday newspapers, the Railways management promised to introduce measures to minimise the chance of such a shutdown repeating itself in future. Railways CEO, Benedikt Weibel, told the Blick newspaper that the company’s risk management had to be optimised. Weibel said the Railways would investigate why the short circuit was not contained, but…

A thousand francs to lure jobless back to work

This content was published on Jun 24, 2005 The trade unions fear that wages will be pushed down and economists warn that more complex solutions are required. Every year the Swiss cantons and municipal authorities spend around SFr3 billion ($2.36 billion) on income support. Some 300,000 people depend wholly or partly on help of this kind. And this is a growing trend. In…

Machine industry celebrates a milestone

This content was published on Jun 24, 2005 Despite a downturn in its fortunes, the sector has been celebrating 100 years of the engineering employers’ association in Switzerland at a ceremony in Zurich. Swissmem, which is the industries’ umbrella organisation, warned on Friday that companies were losing two to three per cent of their workforce every year. This is down to a number…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Shouting “I do” from the mountaintops

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Swiss personnel carriers to go to Iraq

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Forests to be maintained for the common good

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Smokers chased from public transport services

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Unaxis senior bosses leave the ship

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Leica rejects hostile takeover bid

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Swiss-American relations in spotlight

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Railways bosses admit mistakes

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A thousand francs to lure jobless back to work

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Machine industry celebrates a milestone

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