Banking & Fintech

Call for action against rising rents

This content was published on May 30, 2000 In a letter, the Association said that rent rises of up to 11 per cent had already been announced in canton Zurich and there were indications that the upward trend would continue. The Association is demanding that the legally permitted rent increases passed on from mortgage rises to tenants be halved. It added that a…

World No-Tobacco Day: Young Swiss smokers a cause for concern

This content was published on May 30, 2000 The Federal Health Office says that smoking is the number one health problem in Switzerland with 8,000 people a year dying from tobacco-related illnesses. Among young people, the figures are sobering. Between 1992 and 1997, the increase within the 15-24 age group was 40 per cent, with a 58 per cent increase in women smokers…

Swiss stocks attract investors

This content was published on May 29, 2000 The market touched 7846.80 points at the end of Monday’s trading, up 25.10 points or 0.3 per cent over Friday’s close. The Swiss Market Index finished on Friday 1.3 per cent higher than the previous week boosted by the strong performance of Nestlé, Novartis and Roche. These three Swiss groups have all benefited from increased…

Voting on the Internet – more than just a “yes” or “no”

This content was published on May 29, 2000 “We don’t want voting to become a game, where a person clicks on the menu and answers with a simple yes or no,” he said. “The Internet gives us the chance to deliver more information with which a voter can build an opinion.” Villiger made his remarks in a speech to an international conference on…

Wages set to rise as economic growth continues

This content was published on May 29, 2000 The Federal Statistics Office in Neuchâtel says this affects 355,000 people who are subject to collective contracts. It says that 0.4 per cent of the increase will be given to employees on merit. The Office reports that the increases vary widely according to the different branches. The most striking increases were in the metal and…

Latest plan for nuclear waste storage site rejected

This content was published on May 29, 2000 They said there were still too many question marks surrounding the proposal to set up a temporary site for low and medium radioactive waste in canton Nidwalden. The government and nuclear industry have been trying to find a solution to the storage problem since voters in the canton five years ago turned down an idea…

Blue Window surfs to new high

This content was published on May 29, 2000 The company, which was hived off from Swisscom on May 1, is preparing for an Initial Public Offering, possibly in the second half of this year. Swisscom has said that as an independent company, it will be easier for Blue Window to enter partnerships. There will be a new market launch in the next few…

Business Outlook

This content was published on May 28, 2000 Markets in Switzerland and across Europe are scheduled to close on Thursday for the Ascension Day holiday. Many dealers will also be taking a long weekend, staying away from their desks on Friday. Among the economic highlights of the week, first quarter unemployment data is set for release on Wednesday. This is expected to show…

Environmental damage in Rhine averted

This content was published on May 27, 2000 Peter Sauter, of Basel’s Rhine Shipping Authority, said an international environmental alarm issued after Friday’s accident on the river was no longer valid. The Rhine flows through Germany, France and the Netherlands before reaching the North Sea. Sauter said that the amount of oil that was spilled after the accident in the nearby river harbour…

Nestlé’s Alcom buys Summit

This content was published on May 27, 2000 Nestlé said the merger agreement with Massachusetts-based Summit would allow Alcon to “swiftly and decisively enter the domain of refractive surgery, designed correct common vision disorders such as nearsightedness, far-sightedness and astigmatism”. Alcon is involved in researching, developing, manufacturing and marketing ophthalmic products. It was founded in Texas and employs more than 10,000 people globally.…

Read more: Nestlé’s Alcom buys Summit

Banking & Fintech

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Banking & Fintech

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Call for action against rising rents

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World No-Tobacco Day: Young Swiss smokers a cause for concern

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Swiss stocks attract investors

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Voting on the Internet – more than just a “yes” or “no”

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Wages set to rise as economic growth continues

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Latest plan for nuclear waste storage site rejected

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Blue Window surfs to new high

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Business Outlook

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Environmental damage in Rhine averted

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Nestlé’s Alcom buys Summit

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