Banking & Fintech

Switzerland faces “working day” Y2K test

This content was published on Jan 3, 2000 Swiss financial markets faced a “working day” Y2K test on Monday, along with second-tier computer systems throughout industrial sectors . Switzerland dodged the much-dreaded computer bug successfully on January 1, after computer clocks rolled over from 1999 to 2000. All major transport, telecommunications, power grid and financial command centres worked normally. However, experts did not…

Switzerland dodges millennium computer bug

This content was published on Jan 1, 2000 Switzerland dodged the much-dreaded Y2K computer bug: All major transport, telecommunications, power grid and financial command centres reported no problems as computer clocks rolled over from 1999 to 2000. “The year 2000 started well for Switzerland. All the basic infrastructure services such as utilities, communications and railways are working smoothly,” said an official statement published…

Y2K: Swiss cabinet ministers do not take the lift

This content was published on Dec 31, 1999 Even though flyers inside the Swiss parliament buildings warn against taking the lift because of the Y2K bug, experts are confident that Switzerland faces no major crisis when computer clocks roll over to 2000. Swiss banks, the federal railways and the postal service have been preparing for months to fix their software, and the government’s…

Geneva airport hits record traffic, profits in 1999

This content was published on Dec 31, 1999 (Reuters) — Geneva’s Cointrin international airport has set new records for passenger traffic and operating profits in 1999, according to its director-general. Jean-Pierre Jobin was speaking at a ceremony saluting the seven millionth passenger to pass through the terminal this year — a Swiss women travelling with her husband to New York to celebrate the…

Primal Scream and fireworks: How the Swiss stage party 2000

This content was published on Dec 31, 1999 Either loud and boisterous, or quiet and peaceful – millennium parties held across Switzerland have something to offer for everybody. The list of attractions ranges from the standard fireworks to art works going up in flames. While many events are free, price tags for others range from a modest $6 to a hefty $600. Tourism…

Damage of weekend storms “billions of dollars”

This content was published on Dec 30, 1999 Switzerland’s largest reinsurer, Swiss Re, has estimated the damage from the storms that hit Europe earlier this week at several billion dollars. Swiss Re said the intensity of the gale-force winds and level of destruction made it worthy of the title, Storm of the Century. Swiss Re said the latest storm combined with natural disasters…

Inflation rate rises to 0.8 percent

This content was published on Dec 30, 1999 The annual rate of inflation in Switzerland has risen to 0.8 percent, its highest level for three years. An increase in heating oil and petrol prices is mainly to blame. Inflation in December rose by more than 0.3 percent to stand at 1.7 percent, according to the Federal Office for Statistics. Apart from the increase…

Swiss optimistic about prospects for 2000

This content was published on Dec 30, 1999 The Swiss people, not renowned for their optimism, are in a distinctly upbeat mood about their prospects for the new year, according to an end-of-year survey. The Swiss have not felt so good since the boom years of the 1980s, according to the survey published by the Berner Zeitung, contributing to a Gallup International poll…

Switzerland 2000: Rent goes up, food gets cheaper

This content was published on Dec 30, 1999 There is good news and bad news for consumers in Switzerland: Fresh food products, phone calls and air travel will become cheaper next year, but rent and insurance will go up. Insurance payments and rent will probably pose the biggest financial burden for the average person. Health insurance will go up in all 26 Swiss…

The Swiss watchmaking industry is booming

This content was published on Dec 28, 1999 The Swiss watchmaking industry is set to achieve record exports: Time pieces worth at least SFr8.6 billion ($5.4 billion) will be exported this year. Customs officials attribute the rise to more luxury watches being sold abroad. The head of the Watchmaking Federation, François Habersaat, explains that the United States remains the premier market for exports.…

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Banking & Fintech

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Switzerland faces “working day” Y2K test

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Switzerland dodges millennium computer bug

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Y2K: Swiss cabinet ministers do not take the lift

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Geneva airport hits record traffic, profits in 1999

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Primal Scream and fireworks: How the Swiss stage party 2000

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Damage of weekend storms “billions of dollars”

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Inflation rate rises to 0.8 percent

More

Swiss optimistic about prospects for 2000

More

Switzerland 2000: Rent goes up, food gets cheaper

More

The Swiss watchmaking industry is booming

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