Banking & Fintech

Trend-setting: a new image for Zurich

This content was published on May 9, 2000 It is modern, stylish and atmospheric and offers a range of beers, wines and spirits to a young and fashionable after-work crowd. Open just over a year, it is located in Kreis 4 near Helvetiaplatz, just a stone’s throw from the arthouse cinema Xenix and the Volkshaus, which hosts parties and gigs from top international…

Government responds to Turkish dam critics

This content was published on May 8, 2000 The Swiss economics ministry said on Monday it had employed Ayse Kudat, a specialist from the World Bank, to assist Turkey over the next two years. The move follows criticism of the Swiss government for granting export risk guarantees to the Swiss companies involved in the Ilisu dam project, ABB and Sulzer Hydro. The guarantee…

Wolf death sentence fails to calm anger

This content was published on May 8, 2000 Last month, the wolf killed nine sheep in two separate attacks, overstepping the limit set down by the federal authorities. The environment office was left with no choice but to allow the wolf to be killed. The hunt is now on in the Val d’Hérens valley in canton Valais, where the attacks took place. But…

Unemployment hits eight year low

This content was published on May 8, 2000 That’s nearly 6,000 fewer than in March, or a fall of 0.2 per cent. Boris Zürcher, chief economist at the Federal Office for Employment, told swissinfo that the downward trend in jobless figures was expected to last. “Growth is going to continue, the unemployment rate will further decline, so the prospects of the Swiss economy…

ESEC swallowed up by Unaxis

This content was published on May 8, 2000 Unaxis already had about 27 per cent of ESEC shares and is now exercising the option agreed last November to buy the 525,000 registered shares from ESEC’s founder, Karl Nicklaus, for SFr246 million. In a statement, Unaxis said it viewed its engagement in ESEC as a long-term investment. “By taking this step, Unaxis is resolutely…

The business week ahead

This content was published on May 7, 2000 The latest unemployment figures are due to be released today with many analysts predicting another fall in the jobless rate as Switzerland’s economic upswing continues. Unemployment currently stands at 2.4 per cent, and is forecast to fall to two per cent by the end of the year, and to 1.7 per cent during 2001. The…

Zurich bosses take home record pay packets

This content was published on May 7, 2000 Bonuses, share options and fringe benefits pushed the pay packets of Zurich Financial Services’ bosses to new heights last year, according to the report in the SonntagsZeitung. The president, Rolf Hüppi, came away with the largest award of SFr5,2 million, after selling some of his share options. Seven new members of management did very well,…

The business week in Switzerland

This content was published on May 6, 2000 After a quiet day on Monday, due to the May Day public holiday, it turned into a busy week for Swiss business. – Tuesday kicked off with a nurses’ strike in canton Zurich, when 4,000 nursing staff at more than 20 hospitals, clinics and homes took part in a three-day industrial action programme. Staff were…

A cycling paradise

This content was published on May 5, 2000 They are now open for a third season, and the foundation responsible for the trails, Veloland Schweiz, is confident their popularity will only grow. Veloland is making every attempt to improve the routes, which are operated in close cooperation with Switzerland’s 26 cantons, the tourism sector and a multitude of other organisations. For the avid…

Final hurdles may soon be cleared for Holocaust era claimants of bank assets

This content was published on May 5, 2000 Some of the last remaining obstacles in the campaign by Holocaust survivors and their relatives to recover bank assets may soon be overcome. Switzerland’s two biggest banks, UBS and Credit Suisse, say they have held talks with the United States judge responsible for implementing the payments under a settlement reached with the banks in August…

Banking & Fintech

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Banking & Fintech

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Trend-setting: a new image for Zurich

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Government responds to Turkish dam critics

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Wolf death sentence fails to calm anger

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Unemployment hits eight year low

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ESEC swallowed up by Unaxis

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The business week ahead

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Zurich bosses take home record pay packets

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The business week in Switzerland

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A cycling paradise

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Final hurdles may soon be cleared for Holocaust era claimants of bank assets

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