Banking & Fintech

Protesters descend on Mont Blanc tunnel

This content was published on May 13, 2002 The tunnel, the main trade link between France and Italy, was closed in 1999 following a devastating fire, which claimed 39 lives. It re-opened to traffic on March 9, 2002, but until now all heavy-goods-vehicles, (HGVs) were still prohibited. On Monday, HGVs with up to four axles and weighing more than 19 tons were allowed…

Science seeks to turn its talents to business

This content was published on May 13, 2002 At a series of meetings in three US cities, they have been discussing how companies specialising in nanoproducts can survive in today’s marketplace. “The scientific culture is not to establish businesses. It’s to do basic research and study interesting scientific or fundamental phenomena,” said Chad Mirkin, director of Northwestern University’s institute of nanotechnology, whose laboratory…

Despite loss, new airline encouraged by first quarter

This content was published on May 13, 2002 The carrier, which replaced the collapsed Swissair and was built around regional airline Crossair, said the results were an improvement of some SFr100 million on the projections of the business plan presented in December. First quarter sales revenues were SFr517 million. “swiss” CEO André Dosé said in a statement that he was confident that the…

Swiss banker offers cautious global economic assessment

This content was published on May 12, 2002 Wellershoff said on Sunday that the US economy still had large imbalances, which would drive a moderate rate of economic growth. He predicted the Swiss Market Index would rise by a total of five per cent in 2002. The cautious outlook – which comes as markets around the world continue to search for evidence of…

Thousands of women ride Swiss trains for free on Mother’s Day

This content was published on May 12, 2002 Railway authorities said several hundred thousand women had taken advantage of the opportunity to travel by train anywhere in Switzerland without having to pay for tickets. Extra carriages were put on some trains to cope with the increased demand and many trains were reported to be running at full capacity. Authorities said the number of…

Basel firm dominates the high seas

This content was published on May 12, 2002 Whether it’s a fleet of Bentleys, a case of fine wine, or a 125-ton turbine rotor, Panalpina has no trouble transporting it across the world. The firm is one of the world’s top three forwarding and logistics companies, and has benefited enormously from globalisation. “It’s clear the market is still growing,” said Panalpina CEO Bruno…

One in 11 Swiss lives below poverty line

This content was published on May 12, 2002 The Swiss Labour Association (SAH), an independent charity with its roots in the trade unions, says one in every eleven Swiss is forced to live below the poverty line. The charity warns that the number is likely to rise still further in the future. The charity claims the number of working poor – employed people…

Swiss struggling to keep up with competition

This content was published on May 11, 2002 “It’s a bad position, which makes us ashamed,” said the economics minister, Pascal Couchepin, as he presented the report from the State Secretariat for Economic Affairs (Seco) last week. The study showed that throughout the 1990s, economic growth in Switzerland was the lowest of all countries belonging to the Organisation for Economic Cooperation and Development…

Bern marks ten years in Bretton Woods

This content was published on May 10, 2002 Bern laid out the red carpet for World Bank boss, James Wolfensohn, on Friday, as Swiss officials joined nearly 120 parliamentarians from 50 countries to discuss how the World Bank could better help poorer countries adapt to globalisation. After talks with Wolfensohn, who’s visiting Bern for the first time, the Swiss economics minister, Pascal Couchepin,…

Swiss Life withdraws from China

This content was published on May 10, 2002 The company said on Friday it had already closed its representative office in Guangzhou and was in the process of closing another in Beijing. A spokeswoman added the insurer did not have a licence to sell life insurance in China. Swiss Life decided to pull out of the Chinese market earlier this year. Last month,…

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Banking & Fintech

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Protesters descend on Mont Blanc tunnel

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Science seeks to turn its talents to business

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Despite loss, new airline encouraged by first quarter

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Swiss banker offers cautious global economic assessment

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Thousands of women ride Swiss trains for free on Mother’s Day

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Basel firm dominates the high seas

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One in 11 Swiss lives below poverty line

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Swiss struggling to keep up with competition

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Bern marks ten years in Bretton Woods

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Swiss Life withdraws from China

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