Banking & Fintech

The week in Switzerland

This content was published on Jan 15, 2000 It has been a terrible start to the new year for Swiss aviation. Two plane crashes within four days cost the lives of more than 30 people, raising questions about the safety of air travel. On Monday, an aircraft belonging to the regional airline, Crossair, came down near Zurich. The ill-fated airliner was on a…

Swiss embassy in Costa Rica says apparently no Swiss on board crashed plane

This content was published on Jan 15, 2000 Swiss embassy officials in Costa Rica have told Swiss Radio International that it appears no Swiss were on board the plane that crashed into a house near the capital, San Jose, killing at least four people. 15 passengers and three crew were on board the aircraft, reportedly from France, Spain, the United States and Costa…

Sales of organic foods soar

This content was published on Jan 14, 2000 The market for organic food and other products is booming in Switzerland, with sales last year reaching the SFr600 million mark (SFr473 million in 1998). Experts say the trend is going to continue but for the time being, production cannot keep up with demand. Market leader Co-op, Switzerland’s number two retailer behind Migros, reports that…

Memorial service held in Basel for victims of Crossair crash

This content was published on Jan 14, 2000 Relatives and friends of the victims of Monday’s Crossair crash near Zurich gathered at Basel Cathedral for a special memorial service today. Two Crossair employees lit candles for each of the ten victims, three of whom were crew members. The government was represented by the transport minister, Moritz Leuenberger. The head of Crossair, Moritz Suter,…

Higher oil costs trigger price rises

This content was published on Jan 14, 2000 The latest data on prices show that the combined index for Swiss producer and import prices rose 0.6 per cent in December over the previous month, and was up 1.5 per cent over December 1998, the federal statistics office said. Looking more closely at the figures, import prices rose 1.4 per cent over prices in…

Swiss biggest train travellers in Europe

This content was published on Jan 14, 2000 The Swiss are the greatest users of rail transport in Europe, according to a survey by the International Railway Union (UIC). In 1998, the average Swiss travelled 1817 kilometres or 40 journeys. The Danes came second, with 28 journeys per person, one more than in Luxembourg. Austrians clocked up 22 and the Dutch came fifth.…

Bad weather hampers Libya crash search

This content was published on Jan 14, 2000 Bad weather is hampering the search for survivors after a Swiss-owned Shorts 360-300 aircraft crashed off the coast of Libya on Thursday, killing at least seventeen people. Nineteen survivors have been plucked from the sea, and the search is continuing for three Libyans, one Briton and one Filipino, who are still missing. Salvage workers are…

Novartis to invest in French plant

This content was published on Jan 14, 2000 The Swiss life sciences group Novartis in Basel says it is to invest SFr136 million at its nearby Huningue site in Alsace, France, to produce revolutionary asthma and allergy treatment. A statement said the Board of Directors had approved the investment to develop the Novartis Biotechnology Centre. Construction and installation activities are underway and production…

Swisscom considers property sales

This content was published on Jan 14, 2000 The Swiss telecommunications giant, Swisscom, says it is considering the sale of a large amount of property belonging to its Swisscom Immobilien Invest AG subsidiary. “Current market conditions are considered favourable and should allow the transaction to be completed in the second half of the year 2000,” Swisscom said in a statement. Without specifying how…

Roche sales rise 12 per cent

This content was published on Jan 13, 2000 Sales at the Basel-based pharmaceuticals group, Roche, rose 12 per cent last year, to SFr27.6 billion. That is above analysts’ expectations of about nine per cent growth. Roche said it expected to post good results for 1999, excluding special items, such as the floating of part of its US biotechnology unit Genentech, and the fines…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

The week in Switzerland

More

Swiss embassy in Costa Rica says apparently no Swiss on board crashed plane

More

Sales of organic foods soar

More

Memorial service held in Basel for victims of Crossair crash

More

Higher oil costs trigger price rises

More

Swiss biggest train travellers in Europe

More

Bad weather hampers Libya crash search

More

Novartis to invest in French plant

More

Swisscom considers property sales

More

Roche sales rise 12 per cent

Popular Stories

Most Discussed