Banking & Fintech

Swissair keeps monopoly on flights from Geneva to Barcelona

This content was published on Jul 7, 2000 Federal law allows Swissair a monopoly on the lines it currently serves until 2008 at the latest. However, for many European lines the monopoly will go when the bilateral accords with the European Union come into effect. That will probably happen next January. In the meantime, the government can rescind Swissair’s monopoly on individual services…

Unemployment keeps on falling

This content was published on Jul 7, 2000 Figures released by the State Secretariat for Economic Affairs show that 65,962 people were jobless in June, 3,826 fewer than the previous month when unemployment stood at 1.9 per cent. The head of the Secretariat’s labour division, Jean- Luc Nordmann, believes that the decline in unemployment will slow down over the coming months. He says…

Basel exhibition centre plans to open casino

This content was published on Jul 6, 2000 The exhibition centre has joined forces with the company, Swiss Casinos, in an attempt to gain a concession to open a Grand Casino in the year 2002. Under the deal, the exhibition centre would provide a hall for the enterprise while Swiss Casinos would take care of its day-to-day management. The city authorities are also…

Pro Helvetia faces sweeping reforms

This content was published on Jul 6, 2000 At stake are two proposals, one for a radical reform of the foundation, the other for a gradual modernisation process. Both have for months been the subject of lively debate within Pro Helvetia, whose Board of Trustees is to meet in Zurich on Thursday to decide which course to pursue. The foundation’s pro-reform president, Yvette…

Switzerland could serve as model for water management

This content was published on Jul 6, 2000 Alexander Zehnder, Director of the Swiss Federal Institute for Environmental Science and Technology in Zurich, told swissinfo that Switzerland’s first priority should be to modernise the administration of its water network. Unlike most of Europe, Switzerland’s water supply is not managed by a large authority. Instead, water resources fall under the control of individual communal…

First Swiss discount stockbroker to go on line

This content was published on Jul 6, 2000 The new internet company is to be called sb.c.swissbrokers.com and has its headquarters in Basel. Its clients will be able to carry out transactions in stocks and shares through their own account with the broker. Until now, those wishing to trade on the Swiss market have had to use a bank as an intermediary. Swissbrokers.com…

Swissair considers future after Katz blow

This content was published on Jul 6, 2000 Mr Katz is leaving the company after three and a half years to return to the United States where he is expected to take up a new career in the e-business sector. His resignation took analysts unawares, but Katz said that while it had been a privilege to lead Swissair, he now felt it was…

Rising fuel costs drive inflation higher

This content was published on Jul 5, 2000 Last month the consumer price index rose by 1.9 per cent – the highest rate since the end of 1995. The federal statistics office said on Wednesday that the rise was mainly due to hikes in petrol and heating oil prices. Inflation would have only risen by 0.7 per cent if they had not been…

Government presents draft law on dormant Swiss bank accounts

This content was published on Jul 5, 2000 The cabinet on Wednesday presented the draft text and is asking for feedback from all parties concerned by the end of September. The new legislation will then be presented to parliament for approval. The key government proposals:– financial institutions will be obliged to actively seek the owner of an account if they have not heard…

Jeffrey Katz quits as Swissair CEO

This content was published on Jul 5, 2000 Swissair’s parent company, SAirGroup, said Katz, 45, was leaving to pursue a career in e-business in the United States. Before coming to Switzerland, Katz held a senior position within American Airlines. In a communiqué, SAirGroup said its chief executive, Philippe Bruggisser, would take over responsibility for Swissair and the rest of the group’s airline activities.…

Banking & Fintech

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Banking & Fintech

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Swissair keeps monopoly on flights from Geneva to Barcelona

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Unemployment keeps on falling

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Basel exhibition centre plans to open casino

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Pro Helvetia faces sweeping reforms

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Switzerland could serve as model for water management

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First Swiss discount stockbroker to go on line

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Swissair considers future after Katz blow

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Rising fuel costs drive inflation higher

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Government presents draft law on dormant Swiss bank accounts

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Jeffrey Katz quits as Swissair CEO

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