Banking & Fintech

Flight recorders found from Crossair plane crash

This content was published on Jan 12, 2000 Investigators trying to establish the cause of Monday’s Crossair crash near Zurich have now found the plane’s two flight recorders. Ten people died in the crash. The two black boxes are expected to shed light on the reason why the Saab-340 plane went down two minutes after taking off from Zurich’s Kloten airport on its…

Post Office announces big price rises

This content was published on Jan 11, 2000 The Post Office has announced a sharp increase in the cost of sending letters and parcels. The price hikes, some of which are as high as 85 per cent, will take effect in July. The changes, which come a day after the unexpected resignation of Post Office boss Reto Braun, will particularly affect the price…

Industrial sector boosts economy

This content was published on Jan 11, 2000 The leading indicator of the Zurich-based Institute for Business Cycle Research rose to 1.24 in November from a revised 1.12 in October, thanks primarily to a robust industrial sector. The indicator, which signals economic trends six to nine months ahead, had originally been reported at 0.97 in October. The institute said the result showed the…

Credit Suisse wins acclaim

This content was published on Jan 11, 2000 Credit Suisse has been named best European Internet bank by the Lafferty Group. It placed just ahead of the Deutsche Bank and the Dresdner Bank. The survey took into account such issues as inter-action, navigation, content, speed and design of the banks’ Internet sites. Credit Suisse got 47 out of a possible 50 points. The…

Yellow giant moved too slowly for Reto Braun

This content was published on Jan 11, 2000 Monday’s resignation of the head of the postal service, Reto Braun, is a sign that American-style restructurings do not necessarily spell success in Switzerland, according to industry analysts. Braun is leaving Swiss Post after only 16 months in office. He took over in the summer of 1998 after a scandal led to the resignation of…

Pressure groups launch campaign against World Economic Forum meeting

This content was published on Jan 11, 2000 Two Swiss lobby groups have launched a campaign to make the annual meeting of the World Economic Forum in Davos more transparent. The Berne Declaration and Pro Natura say the present informal format of the Davos meeting serves only to encourage a deepening of the rift between the rich and the poor, and is harmful…

Swiss bankruptcies fall to nine year low

This content was published on Jan 11, 2000 The number of bankruptcies in Switzerland last year fell to the lowest level since 1991, according to the latest survey from the Lausanne-based research group, Creditreform. 8,490 businesses went bankrupt last year, which was four per cent less than 1998. On a regional basis, the French-speaking part of the country performed best, with bankruptcies falling…

Nigeria to request Swiss help to track Abacha millions

This content was published on Jan 11, 2000 A lawyer for the Nigerian government says he will make an official request for legal assistance from Switzerland today. The demand concerns blocked Swiss bank accounts allegedly relating to the late Nigerian dictator, General Sani Abacha. The Geneva-based lawyer, Enrico Monfrini, is co-ordinating efforts to retrieve money deposited by Abacha and his associates overseas. Nigeria…

Kuoni buys majority stake in Dutch firm

This content was published on Jan 10, 2000 The travel agent, Kuoni, has strengthened its position in services for incoming tourists to Europe by buying a 70 per cent stake in the Dutch company, Inter Holland Travel. Inter Holland Travel, with a staff of 14 in Amsterdam, generated sales of nearly nine million Swiss francs last year and a net income of around…

Crossair safety record examined

This content was published on Jan 10, 2000

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Flight recorders found from Crossair plane crash

More

Post Office announces big price rises

More

Industrial sector boosts economy

More

Credit Suisse wins acclaim

More

Yellow giant moved too slowly for Reto Braun

More

Pressure groups launch campaign against World Economic Forum meeting

More

Swiss bankruptcies fall to nine year low

More

Nigeria to request Swiss help to track Abacha millions

More

Kuoni buys majority stake in Dutch firm

More

Crossair safety record examined

Popular Stories

Most Discussed