Banking & Fintech

IDS drives its way to market success

This content was published on Jun 6, 2002 Integral Drive Systems, which has a staff of 30 and is based in Zurich’s Technopark, came third in the race for this year’s prestigious Swiss Economic Award. The competition for young enterprises was one of the highlights at the annual Swiss Economic Forum, which attracted more than 1000 participants to Thun – the gateway to…

Swiss GDP increase fails to rally franc

This content was published on Jun 6, 2002 Figures released by the Swiss State Secretariat for Economic Affairs (Seco) showed first quarter gross domestic product was up 0.7 per cent compared with the fourth quarter of last year. Year-on-year, GDP grew by a marginal 0.2 per cent reinforcing beliefs that the Swiss economy is recovering slowly, with no inflationary dangers, which should allow…

UBS Warburg to shed 200 jobs in London

This content was published on Jun 6, 2002 The investment banking arm of the Swiss bank, UBS, said it would cut about 100 jobs in investment banking, including about 50 bankers. The remainder will fall across other business areas, including equities, fixed incomes, foreign exchange and logistics. “The redundancies are the result of our annual cost review and they also reflect the changed…

Luxury goods lose glitter

This content was published on Jun 6, 2002 Releasing its figures on Thursday, the Swiss company – which owns a portfolio of brand names including Cartier, Alfred Dunhill and Lancel – said its operating profit had slipped to €482 million (SFr709 million). Net profit also fell by 15 per cent to €826 million over the same period. In a statement to the press,…

Smaller firms to enjoy spotlight in Thun

This content was published on Jun 6, 2002 The two-day event on Thursday and Friday will highlight the fact that small and medium-sized enterprises (SMEs) form the backbone of the Swiss economy and that much depends on their success for the country’s continued prosperity. “SMEs are the most important part of the Swiss economy”, says Christian Weber, head of the SME Task Force…

New low-cost carrier plans takeoff in July

This content was published on Jun 5, 2002 The carrier said it would be taking over aircraft from the defunct regional airline, Swisswings, and would begin short-haul flights by mid-July. However, the Swiss aviation authorities said they had yet to receive an application for permission to fly from the company. “We have no information on this company,” said Daniel Goering, spokesman for Federal…

Swiss banks see profits tumble

This content was published on Jun 5, 2002 Swiss banks, whose business collectively accounts for around 12 per cent of gross domestic product (GDP), saw profits fall by SFr7 billion last year to reach their lowest levels since 1997. In a statement released on Wednesday to coincide with the publication of its annual report into the state of the nation’s banking sector, the…

Improved access to Swiss e-companies

This content was published on Jun 5, 2002 One click on the efinder directory delivers a list of Switzerland’s Internet security firms. There are 30. Two clicks delivers a list of all the firms that can build an Internet solution for businesses located in the region of Aargau. There are 18. The New Media department of Zurich Network, an organization that has the…

Brown launches new attack on bank secrecy

This content was published on Jun 4, 2002 His remarks – seen as an attempt to put further pressure on “offshore” banking centres such as Switzerland – were made at a meeting of European Union finance ministers in Luxembourg. He used the occasion to announce that the Channel Islands of Guernsey and Jersey – British dependent territories – planned to introduce laws allowing…

Digital divide between home and school

This content was published on Jun 4, 2002 Latest statistics show that more than 80 per cent of pupils have a computer at their disposal. However, only 19 per cent say they regularly use a computer during the week at school while 70 per cent of 12- to 16-year-olds are regular home users. Reasons for the relatively infrequent use in the classroom include…

Banking & Fintech

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Banking & Fintech

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IDS drives its way to market success

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Swiss GDP increase fails to rally franc

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UBS Warburg to shed 200 jobs in London

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Luxury goods lose glitter

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Smaller firms to enjoy spotlight in Thun

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New low-cost carrier plans takeoff in July

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Swiss banks see profits tumble

More

Improved access to Swiss e-companies

More

Brown launches new attack on bank secrecy

More

Digital divide between home and school

Popular Stories

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