Banking & Fintech

Gotthard traffic situation expected to improve

This content was published on Feb 8, 2002 Waiting periods within the Gotthard currently run from three to four hours, but officials want to reduce the delays to an average of 50 minutes. The complicated plan would also speed up domestic traffic during the morning rush hour. The new measures being introduced by the Swiss Federal Roads Authority and the affected cantons would…

Carnival fun in Switzerland

This content was published on Feb 8, 2002 The carnival season has begun, though, throughout Switzerland, the dates and traditions vary from canton to canton. The festivities are rooted in pagan spring festivals, Christian rites and secular folk customs. Some cantons carry on the ancient pagan tradition of using fearsome masks to chase away evil spirits. One of the biggest carnivals, under way…

Swiss economy to hit bottom in the first quarter

This content was published on Feb 7, 2002 At a news conference in Zurich, economists from the ETH’s Business Cycle Research Institute said this should allow Switzerland to escape officially entering recession. “Switzerland will not enter into recession,” the Institute’s head, Bernd Schips said. “The classic definition of recession is two consecutive quarters of negative year-on-year growth and that we will not have,”…

Pharmaceuticals boost Novartis profit

This content was published on Feb 7, 2002 The company announced on Thursday that sales had increased by ten per cent over the previous year to SFr32 billion, driven by pharmaceuticals and the sustained dynamism of its United States business, where pharmaceuticals sales jumped by 24 per cent. Novartis chief financial officer, Raymund Breu, told swissinfo the company’s refocusing on its healthcare business…

Cheese maker finds recipe for success

This content was published on Feb 7, 2002 The 38-year-old began production in November 1998 at a time when many cheese makers were looking for the exit rather than for a way in to the industry as the loss of state subsidies and the lifting of trade barriers put the squeeze on many businesses. But while others struggled to keep their heads above…

Novartis profit boosted by pharmaceuticals

This content was published on Feb 7, 2002 The company announced on Thursday that sales had increased by ten per cent over the previous year to SFr32 billion, driven by pharmaceuticals and the sustained dynamism of its United States business, where pharmaceuticals sales jumped by 24 per cent. “In 2001, we reaped the rewards of our strategic focus on healthcare and specifically on…

Swiss take Olympics online

This content was published on Feb 7, 2002 Under the terms of the deal, which marks the first time the IOC has agreed to allow pictures from the Olympics to be broadcast on the Internet, the French-speaking Swiss channel, TSR, will broadcast selected events on the web to an audience of pay-per-view subscribers. “It’s not on the Internet proper,” explains Philippe Mottaz, director…

Swisscom retains monopoly

This content was published on Feb 6, 2002 ComCom rejected a demand by the alternative operator, TDC Switzerland (formerly diAx) on Wednesday. TDC, now operating under the brand name of Sunrise, had asked for the right to interconnect with the incumbent’s local network, or ‘local loop’. This would have allowed TDC to charge its own customers for local calls, rather than allowing Swisscom…

UBP and Discount Bank to merge

This content was published on Feb 6, 2002 The Union Bancaire Privée and the Discount Bank and Trust Company have entered negotiations and signed a letter of understanding to create one of the top three Geneva private banks, which would have 1,400 staff. A short news statement said the discussions now taking place between the two banks should enable an agreement to be…

Banking issues to test Swiss-EU relations

This content was published on Feb 6, 2002 Urs Roth, chief executive officer of the Swiss Bankers Association, said the taxation of interest income, combating fraud and the Schengen/Dublin agreements on security and asylum were all of “particular importance” for Switzerland. In the coming months, the topics will be part of the EU economic agenda, and Switzerland’s financial and political agenda. At a…

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Banking & Fintech

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Gotthard traffic situation expected to improve

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Carnival fun in Switzerland

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Swiss economy to hit bottom in the first quarter

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Pharmaceuticals boost Novartis profit

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Cheese maker finds recipe for success

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Novartis profit boosted by pharmaceuticals

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Swiss take Olympics online

More

Swisscom retains monopoly

More

UBP and Discount Bank to merge

More

Banking issues to test Swiss-EU relations

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