Banking & Fintech

Switzerland’s wireless wipeouts

This content was published on May 10, 2002 The introduction of mobile data services built up hope among technologists and entrepreneurs in Switzerland, as it did across Europe, that the market was on the verge of a mobile Internet boom, a boom that so far failed to materialize. Now two more wireless startups have hit hard times. Thirty-two-month old, remote-i AG in Zug…

Nestlé calls chocolate lawsuit “frivolous”

This content was published on May 10, 2002 The American Environmental Safety Institute filed its lawsuit against Nestlé and other chocolate makers on Wednesday. It claimed these companies – which control 80 per cent of the US market – are exposing their customers, especially children, to potentially dangerous levels of lead and cadmium. A spokesman for the Swiss multinational, François-Xavier Perroud, said the…

Raclette producers face meltdown

This content was published on May 9, 2002 Raclette is the key ingredient of one of Switzerland’s most popular dishes: the eponymous cheese is melted under a special grill and scraped onto a plate with potatoes and pickles. Like fondue, it is all about conviviality. But there’s nothing convivial about the increasingly acrimonious tug-of-war that has been going on for the past five…

US court confirms fairness of Sulzer Medica settlement

This content was published on May 9, 2002 The Zurich-based medical devices company said on Thursday that a district court judge in Cleveland, Ohio, had ruled that the deadline for patients to opt out of the settlement would expire next Wednesday. Judge Kathleen O’Malley plans to issue a ruling in the next few weeks on the settlement with thousands of patients who received…

Chocolate bad – US lawsuit

This content was published on May 9, 2002 The Californian-based American Environmental Safety Institute on Wednesday said it was suing several chocolate companies for not warning consumers that their products contain metals like lead and cadmium. The group claims there are enough of the metals in chocolate to be a health risk, especially for children. Nestlé blasted the lawsuit as “something plucked out…

Swiss bank reveals exposure

This content was published on May 8, 2002 A statement released by BCV late on Wednesday said the bank did not yet know “its potential risks” and that it would do all it could to safeguard its interests. The bank said it had financed a number of transactions with British-based Allied Deals PLC-RBG. According to British media reports, Allied Deals is currently being…

Swiss deny scuppering EU taxation deal

This content was published on May 8, 2002 The Swiss foreign ministry’s integration office was responding to comments by the European Commission, which on Tuesday accused Switzerland of refusing to start negotiations on a taxation agreement. “It’s not true that we are unwilling to talk,” said Jose Bessard, spokesman for the integration office. We just want negotiations on [other issues too]. The EU…

Swiss economy poised to begin slow recovery

This content was published on May 8, 2002 Economic researchers at the Swiss Business Cycle Research Institute (KOF) said in their quarterly study that the economy was approaching its lowest point and recovery would start in the second and third quarters. In its survey of more than 4,000 firms, KOF said it had found that corporate expectations and plans had improved. It commented…

Startup to compete with BEA, Oracle, and Obtree

This content was published on May 8, 2002 Behind two-month old Jahia AG, Nyon, Switzerland, is Quan Venture Capital, Avantix AG, and the three creators of its flagship software product. Jahia’s software has a history. It was a developed as a product for XO3 SA, a Nyon-based venture funded startup that went into liquidation last autumn. The three founders, Michel Romy, Serge Huber,…

EU lashes out at Swiss over taxation

This content was published on May 8, 2002 “Switzerland remains unwilling to come to political negotiations or even to engage in talks at a technical level,” Frits Bolkestein, the EU’s chief negotiator said on Tuesday. Bolkestein, the EU Internal Market Commissioner, made the statement after a meeting of European finance ministers in Brussels, adding that he was “very disappointed” with Switzerland’s refusal to…

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Banking & Fintech

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Switzerland’s wireless wipeouts

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Nestlé calls chocolate lawsuit “frivolous”

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Raclette producers face meltdown

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US court confirms fairness of Sulzer Medica settlement

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Chocolate bad – US lawsuit

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Swiss bank reveals exposure

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Swiss deny scuppering EU taxation deal

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Swiss economy poised to begin slow recovery

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Startup to compete with BEA, Oracle, and Obtree

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EU lashes out at Swiss over taxation

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