Archive – Banking & Fintech

Deiss calls for trade accord with Indonesia

This content was published on Apr 11, 2005 Deiss, accompanied by a delegation from the Swiss business community, also called on the Jakarta government to make conditions easier for investors. During talks on Sunday and Monday, Deiss urged Indonesia’s president, Susilo Bambang Yudhoyono, the minister of trade, Mari Elka Pangestu, and the economics minister, Aburizal Bakrie, to conclude the free-trade accord with Efta.…

Farmers earned more money in 2004

This content was published on Apr 11, 2005 The Swiss Farmers’ Union has commented that it is satisfied with the development but has warned against overenthusiasm. According to provisional figures published on Monday by the Federal Research Station for Agricultural Economics and Engineering, the net income made on average by each farm was SFr62,300 ($52,221). Between the years 2001 and 2003, the figure…

Air traffic over Zurich gets radical overhaul

This content was published on Apr 11, 2005 Skyguide, the Swiss air traffic control agency, has warned that delays could be expected during the first few weeks of operations while it implements the changes. Aircraft waiting to land at the city’s airport will now have to do so in Swiss airspace, over two areas to the northeast and the west of the airport.…

Deiss discovers the drama of Banda Aceh

This content was published on Apr 10, 2005 Deiss, who is on a trade promotion trip to Indonesia, also inspected aid projects that Switzerland has initiated. “Before you have actually seen it you cannot imagine that a catastrophe of such dimensions is possible,” Deiss said, visibly shaken by what he found. More than 125,000 people are reported to have died in Aceh province…

Record lottery win is “made in Switzerland”

This content was published on Apr 9, 2005 The playslip was officially registered at a newsstand in a shopping centre in the town of Sierre, shortly after 5pm on Friday. The winner or winners, who chose seven numbers correctly, now have six months to claim their prize. Lottery authorities say the exact prize money is SFr99,039,018 before a withholding tax of about a…

US authorities fine Syngenta over Bt10

This content was published on Apr 9, 2005 The United States Department of Agriculture (USDA), which imposed the fine, also ordered the Basel-based company to develop a training programme to prevent another occurrence. The European Food Safety Authority has said the Bt10 corn contains an antibiotic-resistant gene that it believes should not be present in crops grown commercially. But Syngenta says the gene…

Ex-Swissair bosses may face their day in court

This content was published on Apr 8, 2005 Karl Wüthrich told swissinfo that the lawsuits were likely to be the first of many, and that he was also confident of getting money back from Swissair’s banks. Wüthrich is seeking SFr280 million ($231 million) from some of Switzerland’s top business people and politicians who were in charge of Swissair before it collapsed. It was…

Economy expected to grow faster next year

This content was published on Apr 8, 2005 The revised forecasts come as the official unemployment rate dropped slightly to 3.9 per cent in March, mainly as a result of seasonal factors. The Basel Economics (BAK) analysis centre is forecasting a growth rate of 1.4 per cent for the current year, down from a figure of 1.6 per cent published in January. The…

Hobby keeps pensioner on track

This content was published on Apr 7, 2005 Over the past four years, her husband and son have turned their home into a railway zoo, complete with crocodile locomotives and other legendary iron beasts. Doris Wymann says the old locomotive brings the garden to life, but her husband says she needed some convincing before she agreed to open a museum. “At the beginning,…

Swiss companies set to do more Asian business

This content was published on Apr 7, 2005 Deiss also intends to use his visit to help kickstart the economy in the Indonesian province of Aceh – the region worst affected by the tsunami disaster. Deiss made his first stop in Singapore, which is considered a key business centre for Switzerland. “There are more Swiss companies in Singapore than any other country in…

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