Banking & Fintech

Business Week

This content was published on Apr 21, 2000 European bourses were hit on Monday by a bad case of the jitters, as dealers were left reeling from Wall Street’s biggest one day point loss the previous Friday. The main casualty was high-tech stocks. Seen by many analysts as overvalued, new economy stocks have been suffering heavily in the recent sell-off. However this has…

Germany gets behind Swiss road-to-rail-plans

This content was published on Apr 20, 2000 The German transport minister, Reinhard Klimmt (pictured right), has expressed support for Swiss plans to transfer freight traffic from road to rail. He made the remarks following talks with his Swiss counterpart, Moritz Leuenberger (left), in Berlin. Klimmt also told Leuenberger that Germany would follow Switzerland’s lead in introducing a tax on heavy goods vehicles.…

Hike in postal rates blocked

This content was published on Apr 20, 2000 The communications ministry has blocked a planned rise in the cost of postage stamps. The Post Office had wanted to introduce new tarifs for letters and parcels in July. First class stamps would have gone up from the uniform rate of SFr0.90 to between SFr1 and SFr1.50, according to weight. Second class postage was to…

Jura demands immediate closure of Bonfol chemical dump

This content was published on Apr 19, 2000 The authorities in in the Swiss canton of Jura are demanding the immediate closure of the Bonfol chemical dump. The president of the Jura cantonal government, Pierre Kohler, said the area was contaminated. He told a news conference that chemical substances had leaked from the dump and had seeped into the water table. Bonfol was…

Railways unable to cope with Lothar timber

This content was published on Apr 19, 2000 Attempts to clear Swiss forests of trees knocked down by Hurricane Lothar are grinding to a halt. The federal railways says it will soon no longer have the capacity to transport the timber. Railways and forestry officials are now calling on owners of tracts of forest not to gather more timber than can be transported.…

Swisscontact donations up SFr500,000 in 1999

This content was published on Apr 19, 2000 The development aid organisation, Swisscontact, has benefited from increased media exposure over the last year, leading to a rise in donations. Officials told a news conference in Zurich donations in 1999 were SFr3.5 million – SFr500,000 more than in the previous year. The group, which has been operating for the past 40 years, brings together…

Switzerland rises in competitiveness table

This content was published on Apr 19, 2000 A new survey for the first time places Switzerland among the top five most globally competitive countries. However, the report by the Lausanne-based International Institute for Management Development (IMD) says Switzerland could do better. The United States leads the league table of 47 countries, which is compiled using 290 criteria. Switzerland moves up one place…

Zurich zoo plans jumbo Net event

This content was published on Apr 18, 2000 Zurich’s zoo plans to broadcast the birth of an elephant calf live on the Internet next month. The zoo describes the event as an Internet premiere. The zoo says it will start carrying pictures “within the next few days” on its website (see below) because the exact date of the birth is uncertain. Those who…

Donations urged for drought victims

This content was published on Apr 18, 2000 The Swiss Broadcasting Corporation is appealing for donations to aid drought victims in east Africa. The SBC’s Solidarity Chain, which raises money for Swiss development aid groups, said the situation in Ethiopia and other parts of the region was alarming. The foundation said Swiss aid groups were organising food and other supplies to help about…

Coop profits shoot up 30 per cent

This content was published on Apr 18, 2000 The Swiss retail giant, Coop, has announced a 30 per cent increase in net profits for 1999 to SFr255 million. It also increased its market share slightly to 13.7 per cent, to consolidate its position as the number two retail chain in Switzerland. Coop’s turnover went up nearly five per cent, compared to an average…

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Banking & Fintech

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Business Week

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Germany gets behind Swiss road-to-rail-plans

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Hike in postal rates blocked

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Jura demands immediate closure of Bonfol chemical dump

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Railways unable to cope with Lothar timber

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Swisscontact donations up SFr500,000 in 1999

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Switzerland rises in competitiveness table

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Zurich zoo plans jumbo Net event

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Donations urged for drought victims

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Coop profits shoot up 30 per cent

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