Banking & Fintech

Swiss venture capital market competitive

This content was published on May 21, 2002 According to data published by Amsterdam Financial Research, a new information provider for the venture capital investment sector, Swiss companies as a group received more venture capital investment than firms in those countries for the first quarter of this year. Switzerland, with a population of little more than seven million, raised a greater sum than…

Ticino tourism in trouble

This content was published on May 21, 2002 Monday’s announcement comes after repeated warnings from tourism chiefs that the region faces tough times ahead due to the strong franc, last year’s fire in the Gotthard tunnel and competition from the national exhibition, Expo.02. The holiday season in the Italian-speaking region of Ticino, usually a popular destination, has already got off to a bad…

Ackermann to lead Deutsche Bank

This content was published on May 21, 2002 Shareholders of Deutsche Bank met on Wednesday to approve Ackermann, aged 54, as the new “speaker” of the bank’s managing board (the Vorstand), replacing Rolf Breuer. During the meeting Breuer said Deutsche Bank had to reinvent itself in some areas if it wanted to survive. “During the next 18 months we have to concentrate on…

Variety is the spice of Geneva wine

This content was published on May 20, 2002 Swiss wines are a jealously guarded secret – very little is exported. But even for those who know just how fine they can be – it often comes as a surprise that a tiny canton like Geneva is among the shining lights. Despite being regarded as city-state, 50 per cent of Geneva’s surface area is…

Couchepin joins European Bank for Reconstruction meeting

This content was published on May 19, 2002 Couchepin, who began an official visit to Romania on Friday, used the occasion to convey his support for the bank’s future expansion into central Asia. The EBRD is a multinational bank set up in 1990 to help former communist bloc countries to adapt to the global market economy. Couchepin also took the opportunity to hold…

Child smokers light up the playground

This content was published on May 19, 2002 One school pioneering the “licence to smoke” scheme is the Morillon, a secondary school of some 250 pupils in the Swiss capital, Bern. Under proposals drawn up by teachers and approved by the school’s administrative council, pupils are given permission to smoke in a designated area – known in the Morillon as the “smoking island”…

Swiss firms lag behind in publishing results

This content was published on May 18, 2002 On average, European companies took 48.5 days in 2001 to publish their figures after the official end of their accounting year. But Switzerland lags behind in the survey, with Swiss firms taking an average of 55 days to publish their results. The study, which compared firms across Europe and Australia, was carried out by consultancy…

Chocolate industry fights child labour

This content was published on May 18, 2002 Switzerland, a major chocolate producer, has joined other nations investigating measures to address the use of children in West Africa’s cocoa fields. The Swiss import nearly 50 per cent of their cocoa from two of the world’s biggest cocoa producers, the Ivory Coast and Ghana. Chocosuisse, the association of Swiss chocolate manufacturers, says the industry…

Gotthard Pass reopens

This content was published on May 17, 2002 The pass reopened on Friday and can now be used by vehicles weighing less than 32 tons. It is the only direct route alternative to the Gotthard tunnel, which provides the main north-south axis through the Alps. The reopening had been eagerly awaited this year, because of traffic problems caused after a fire in the…

Swisscom operating profit slips

This content was published on May 17, 2002 Switzerland’s main telecommunications operator said net profit was considerably lower at SFr420 million, but the comparative figure included a special gain of SFr3.88 billion due to the partial sale of Swisscom Mobile. In a statement on Friday, Swisscom commented that the group was “in good shape” and anticipated a slight increase in revenues in 2002…

Banking & Fintech

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Banking & Fintech

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Swiss venture capital market competitive

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Ticino tourism in trouble

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Ackermann to lead Deutsche Bank

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Variety is the spice of Geneva wine

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Couchepin joins European Bank for Reconstruction meeting

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Child smokers light up the playground

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Swiss firms lag behind in publishing results

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Chocolate industry fights child labour

More

Gotthard Pass reopens

More

Swisscom operating profit slips

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