Archive – Banking & Fintech

Swiss Life profit surges in 2004

This content was published on Apr 5, 2005 CEO Rolf Dörig said the company was stronger financially after a period of restructuring. The result, which was above analysts’ expectations, was the company’s highest annual profit since 2000. In a statement on Tuesday, Swiss Life said it planned to pay out a dividend of SFr4 per share – the first payout in four years…

Unions want more state money for pensioners

This content was published on Apr 4, 2005 The Federation says around half of Switzerland’s pensioners currently have to make ends meet on considerably less than that sum, which is considered the minimum to meet basic needs. The Federation said on Monday that its proposals, which would push up the state’s pension bill by an estimated extra SFr3.7 billion, were aimed at shoring…

Spy technology takes security a step further

This content was published on Apr 4, 2005 As part of their diploma work for the School of Engineering and Information Technology (HTI), Chris Bürgi and Andry Joos came up with Face Off, a system that uses a hidden camera to film its subjects. The images captured are fed into a computer database, which compares them with the photos in its memory. There…

RFID firm Datamars finds new investors

This content was published on Apr 1, 2005 A consortium of private-equity investors from France, Switzerland, Belgium and Germany announced on Thursday that they had bought a majority stake in the radio frequency identification (RFID) company for €12 million ($15.56 million). Datamars, located near Lugano, is best known for making tiny radio tags containing chips with unique 12-digit codes. Read at a short…

Swiss biotech firms have edge over neighbours

This content was published on Apr 1, 2005 Publication of the Swiss Biotech Report 2005 comes as a major biotech multinational, Amgen, considers building a new production centre at Galmiz in western Switzerland. Amgen’s plans have sparked outrage among environmentalists who are incensed that former farming land might be used for such a centre. But local government is keen to attract the firm,…

Swiss technology keeps an eye on A380 engines

This content was published on Apr 1, 2005 vibro-meter based in Fribourg in western Switzerland has supplied a system that provides a detailed image of engine condition. It is designed to give vital data about the “health” of the engines, as well as saving maintenance costs. vibro-meter is supplying the so-called Engine Monitoring Unit, which is installed on each of the A380’s four…

Costs rise for transalpine rail tunnels

This content was published on Apr 1, 2005 The transport ministry said on Friday that difficult geological conditions were partly to blame for the rise in costs. The Gotthard and Lötschberg tunnels are key to the Swiss government’s goal of moving north-south freight traffic through the Alps from road to rail. The Lötschberg is due to open in 2007, while the 57km Gotthard…

Majority of Swiss back aid to developing world

This content was published on Mar 31, 2005 At the same time the number of people in favour of slashing federal funds for development assistance has risen compared with five years ago. The report, published on Thursday, was carried out for the Swiss Agency for Development and Cooperation (SDC) and the Swiss Coalition of Development Organisations – a group of non-governmental organisations. It…

Swiss Post announces record profit

This content was published on Mar 31, 2005 The state-owned giant reported positive figures across all sectors of the company, adding that it had made inroads into new and highly competitive markets. “Swiss Post was able to massively increase its profit to SFr837 million compared with SFr366 million for the year before,” the company said in a statement on Thursday. It said the…

Basel ticks to the rhythm of the watch world

This content was published on Mar 31, 2005 The event is the world’s leading meeting place for specialists in watches, jewellery and precious gems, and this year looks set to give a further boost to the luxury sector. “This exhibition is of significant importance for both national and international economies,” commented Jacques Duchêne, president of the exhibitors’ committee. “Very significant revenues are achieved…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss Life profit surges in 2004

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Unions want more state money for pensioners

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Spy technology takes security a step further

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RFID firm Datamars finds new investors

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Swiss biotech firms have edge over neighbours

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Swiss technology keeps an eye on A380 engines

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Costs rise for transalpine rail tunnels

More

Majority of Swiss back aid to developing world

More

Swiss Post announces record profit

More

Basel ticks to the rhythm of the watch world

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