Banking & Fintech

Reporting season winds down

This content was published on Nov 25, 2001 On Tuesday the Feintool Group will release its full set of figures for the latest business year. The company, which manufactures machine tools used to produce precision metal parts from steel, aluminium and copper strips and plates, has already released some of its numbers earlier. In the year to September the company lifted its consolidated…

Ticino firm recovers valuable computer files

This content was published on Nov 25, 2001 The business of data recovery is a sensitive issue. No company likes to admit it loses valuable information but when it happens someone has to try to retrieve it – that’s the job of Switzerland’s Blacker. Started in 1982 Blacker began as an IT import-export company, moving gradually towards the service side of the business.…

Swissair flight personnel pay cut until spring

This content was published on Nov 24, 2001 Company spokesman Jean-Claude Donzel confirmed the cuts on Friday. Pilots will be paid one quarter less, while cabin crew will receive 9.4 per cent less at the end of the month. The salary cut is retroactive to the beginning of November. The cabin crew and cockpit unions accepted the measure before October 22, when the…

Big names reveal third-quarter results

This content was published on Nov 24, 2001 Swisscom said on Wednedsday that it continued to perform well in the third quarter but revenues would slow in the final three months of the year. Operating income before interest, tax and depreciation rose 7.8 per cent to SFr3.44 billion ($2.07 billion) in the first nine months of the year. Swisscom said in a statement…

Sabena takes Swissair to court

This content was published on Nov 24, 2001 They are claiming millions of francs in compensation for alleged contractual failures on the part of its former Swiss co-owner. Announcing the decision to take action through the commercial court in Brussels, the minister for public works, Rik Daems, said the Swissair Group had committed “a series of errors”. The Belgian minister added that the…

Glencore to continue buying Iraqi petrol

This content was published on Nov 23, 2001 The Zug-based raw materials trader is among the main buyers of Iraq’s crude and it acquired one million barrels of petrol in February. It was supposed to be delivered to the United States under the terms of the UN’s oil-for-food programme. The load of fuel was sent to Croatia instead. The UN sanctions committee suspected…

Snow brings traffic chaos to Alps

This content was published on Nov 23, 2001 Authorities in canton Graubünden closed the pass to trucks after the first substantial snowfall of the winter, which caused long traffic lines. Officials said the San Bernardino pass could not cope with the increased levels of traffic on the pass following the closure of the Gotthard tunnel, a key alternate route, last month. Collisions resulting…

Gotthard disaster spawns new pressure in Swiss mountains

This content was published on Nov 23, 2001 With both the Mont Blanc and Gotthard tunnels closed, passenger and freight vehicles are forced to take less suitable routes across the Alps, such as the San Bernardino tunnel, which links canton Graubünden with canton Ticino. Within days of the Gotthard closure there were two serious accidents at the San Bernardino. Now Graubünden police are…

Expert reaches scene of fire in Gotthard tunnel

This content was published on Nov 23, 2001 Jean-Claude Martin, a Lausanne-based professor of criminology and an internationally renowned expert on enclosed fires, is the first person to enter the area, which has been dubbed “Zone Red.” Martin will examine the extent of the damage over the next few days and will produce a report on his findings. Martin’s survey will then be…

Gotthard fire gives new impetus to move from road to rail

This content was published on Nov 23, 2001 That’s according to the Italian foreign minister, Renato Ruggiero, who was speaking in Bern on Tuesday, after holding talks with his Swiss counterpart, Joseph Deiss. Ruggiero suggested that Italy’s opposition to moving freight on to trains had softened since a fire forced the Gotthard’s closure, blocking a key north-south route for Italian goods to northern…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Reporting season winds down

More

Ticino firm recovers valuable computer files

More

Swissair flight personnel pay cut until spring

More

Big names reveal third-quarter results

More

Sabena takes Swissair to court

More

Glencore to continue buying Iraqi petrol

More

Snow brings traffic chaos to Alps

More

Gotthard disaster spawns new pressure in Swiss mountains

More

Expert reaches scene of fire in Gotthard tunnel

More

Gotthard fire gives new impetus to move from road to rail

Popular Stories

Most Discussed