Banking & Fintech

Selling science to industry

This content was published on Dec 2, 2001 Switzerland has long had a reputation for producing plenty of smart scientists, but having little to show for their efforts in the shape of commercial success stories. It is hoped that university technology transfer offices will change that. They make it their business to commercialise or find industrial applications for scientists’ discoveries. They also advise…

Capital gains to remain tax free

This content was published on Dec 2, 2001 Nearly 70 per cent of voters on Sunday came out against the proposed tax, which would have levied a 20 per cent tax on all gains above SFr5,000 ($3,000). Another proposal – put forward by the government to cap state debt – received an overwhelming endorsement, with nearly 85 per cent in favour. The initiative…

Swiss spring no surprises at ballot box

This content was published on Dec 2, 2001 The consistency for which the Swiss are famous was clearly in evidence on Sunday, when voters – in their regular exercise of direct democracy – rejected a series of initiatives aimed at doing away with the army, and raising a tax on capital gains. A new tax on energy to help fund the state pension…

“Near miss” at Zurich airport a week after tragedy

This content was published on Dec 2, 2001 The incident occurred on runway 28, the same landing strip that Crossair flight LX 3597 from Berlin to Zurich had been approaching when it came down in bad weather. Runway 28 had only been reopened for an hour after being passed “safe” by the Federal Office for Civil Aviation (FOCA) when Saturday’s “near miss” occurred.…

To tax or not to tax gains – that is the question

This content was published on Dec 2, 2001 Whether a new federal capital gains tax will be a certainty is in the hands of Swiss voters who began voting on the issue on Sunday. The initiative for a capital gains tax has been put forward by the Swiss Trade Unions’ Federation, which wants to eliminate what it sees as a loophole in the…

Crossair shareholders to vent doubts

This content was published on Dec 2, 2001 The gathering in Basel will give shareholders the chance to air their doubts about the new board proposed by the steering committee. The regional airline is set to assume the national carrier role following the collapse of Swissair. Questions are also expected about the viability of the Phoenix rescue plan that envisages Crossair taking over…

Runway reopens at Zurich airport

This content was published on Dec 1, 2001 The move coincides with the introduction of new conditions for planes landing on runway 28. From now on the runway must be visible from at least 4,000 metres and cloud cover must be at least 400 metres off the ground. The action taken by Federal Office for Civil Aviation (FOCA) comes a day after Crossair…

Sulzer Medica sees light at end of tunnel

This content was published on Dec 1, 2001 The court in Cincinnati, Ohio, ruled that the freeze on lawsuits against the medical technology company resulting from faulty hip and knee implants would remain in force until February 1. If an agreement between the claimants and Sulzer Medica has not been reached by then, it will be lifted. “We are very pleased to have…

Swissair collapse raises profound questions for boardrooms

This content was published on Dec 1, 2001 When the SAirGroup, as it was known, announced in March that it had suffered its biggest net loss in the company’s history, many people were astounded that things had become so serious. With many of the country’s top executives represented on the board, there was disbelief that none had questioned the empire-building strategy of investing…

Trading error could cost UBS Warburg millions

This content was published on Dec 1, 2001 UBS issued a number of statements in Japan on Friday saying an “enormous error” had been made during the day’s trading. “UBS Warburg in Japan has made a mistake during trading which could cost the company millions,” a stock market employee told reporters. Dentsu advertising agency The mistake was made when UBS workers sold shares…

Banking & Fintech

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Banking & Fintech

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Selling science to industry

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Capital gains to remain tax free

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Swiss spring no surprises at ballot box

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“Near miss” at Zurich airport a week after tragedy

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To tax or not to tax gains – that is the question

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Crossair shareholders to vent doubts

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Runway reopens at Zurich airport

More

Sulzer Medica sees light at end of tunnel

More

Swissair collapse raises profound questions for boardrooms

More

Trading error could cost UBS Warburg millions

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