Banking & Fintech

Spend summer on the rails

This content was published on May 8, 2002 And among the more famous railways favoured by visitors – such as the railway to the Junfraujoch – are some less-well known gems. Near the central-Swiss city of Luzern is one of the world’s oldest cog railways, and it opens in May. Climbing over 2,000 meters to the top of Mount Pilatus, the railway has…

Hayek to hand Swatch Group operations to son

This content was published on May 7, 2002 Swatch brands The cigar-smoking 74-year-old boss owns 36 per cent of the Swatch group, which produces not just the eponymous plastic watch, but also brands such as Omega, Tissot and Blancpain. Speaking of the company’s sales prospects for the rest of the year, after a flat beginning, Hayek declined to give precise figures. “We feel…

Smallpox vaccine sales boost Berna Biotech

This content was published on May 7, 2002 Berna made a profit of SFr41.4 million on sales of nearly SFr304 million in 2001, a welcome improvement over the previous year when the company fell into the red to the tune of SFr22.9 million. The increase was due mainly to the demand for its smallpox vaccine in the wake of the September 11 terrorist…

Talks on closer EU ties remain in limbo

This content was published on May 6, 2002 A meeting scheduled for Wednesday was postponed at Brussels’ request after EU finance ministers dropped the issue of the bilaterals from the agenda of their meeting on Tuesday. The two sides cannot even agree on how to conduct negotiations on a new set of ten treaties. The EU wants to negotiate some of treaties separately,…

Credit Suisse comes clean about bosses’ pay

This content was published on May 6, 2002 Switzerland’s second largest banking group said on Monday that its 28 top managers took home pay packets worth SFr135.5 million ($85.06 million) in 2001. This includes basic remuneration, bonuses, shares and options. Missing from the list was Lukas Mühlemann’s pay packet. The size of his pay check will only be made public next year under…

Swiss still patently inventive

This content was published on May 6, 2002 Some of the latest Swiss inventions were on show at the just-concluded Geneva International Inventions Fair, alongside those from some 38 countries. The homegrown creations cover a bewildering range of human activity, from fashion to civil engineering, from information technology to food. But those who exhibited in Geneva were just the tip of the iceberg…

Vatican struggles to replenish Pope’s Swiss guard

This content was published on May 6, 2002 May 6 is the day when the Vatican swears in new recruits for the Pope’s personal retinue of protectors. The pontiff greeted the newest members of his Guard on Monday, urging them to make the most of their time at the Vatican. “I hope, that despite the difficulties and heaviness of your service, that you…

Follow-on financing for Webbuild

This content was published on May 6, 2002 Existing shareholders BVGroup and Venturevest, along with private (family and friends) investors, came back for a SFr300,000 top-up round for Langenthal-based Webbuild, a content management software vendor that offers a system for small and medium sized companies. The capital is meant to help the company clear its products development cycle and establish distribution partners in…

Switzerland defends tropical forests

This content was published on May 5, 2002 The Swiss have begun to map out an agenda for next month’s council session in Indonesia. The aim is to arrest the destruction of the world’s forests, most of which are still shrinking at unsustainable rates despite several international agreements and conventions to protect them. “The situation is very serious,” said Manoel Sobral, the ITTO…

Roads reopen after heavy rain

This content was published on May 5, 2002 The Gotthard tunnel, which is a key artery between northern and southern Europe, was opened to traffic on Saturday morning after being closed for almost 18 hours amid a massive clean-up operation. On Friday, mudslides had blocked all four lanes of the highway leading to the tunnel. Rail transport through the crucial Gotthard-railway tunnel also…

Banking & Fintech

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Banking & Fintech

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Spend summer on the rails

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Hayek to hand Swatch Group operations to son

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Smallpox vaccine sales boost Berna Biotech

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Talks on closer EU ties remain in limbo

More

Credit Suisse comes clean about bosses’ pay

More

Swiss still patently inventive

More

Vatican struggles to replenish Pope’s Swiss guard

More

Follow-on financing for Webbuild

More

Switzerland defends tropical forests

More

Roads reopen after heavy rain

Popular Stories

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