Banking & Fintech

Extreme climatic conditions try Swiss solar bike team

This content was published on Nov 19, 2001 The temperatures, which reached 40 degrees Celsius, did not deter the team. “It was a real struggle to keep the bike under control despite the strong winds,” Sandra Stierli, one of the cyclists, told swissinfo. “But we still had a great day.” “We did less kilometres than on the first day,” Stierli added. The Swiss…

Swiss National Bank president upbeat

This content was published on Nov 18, 2001 Roth, speaking on Sunday after a meeting of the International Monetary Fund (IMF) and the World Bank in the Canadian capital, said the results were positive. He said the plan agreed on by the G20 group of rich and poor nations on Saturday to fight the financing of terrorism went in the same direction as…

Swiss solar bike begins trek across Australia

This content was published on Nov 18, 2001 The “Intellibike”, created by a group of professors, assistants and students from the Bernese city’s engineering school, is the only two-wheeler in a field of 38 vehicles taking part in the World Solar Challenge. The race, which was first held in 1987, left Darwin in the far north on Sunday and takes competitors to Adelaide…

Gold in demand since US terror attacks

This content was published on Nov 18, 2001 Erhard Oberli, chief executive of the Swiss-based precious metal refiner Argor-Heraeus, told swissinfo that these sorts of investments had diminished prior to the events of September 11. “The investors had almost totally disappeared before the horrible events of September 11, but now we can see they are coming back partially,” said Oberli. “We are seeing…

Aviation credits win parliament approval

This content was published on Nov 18, 2001 The Senate on Saturday followed the House of Representatives to approve credits of just over SFr2 billion ($1.2 billion), despite opposition from the right-wing Swiss People’s Party as well as several small groupings. The House passed the government’s proposal with a majority of 110 to 56 votes, while the Senate endorsed it with 36 to…

G20 nations adopt anti-terrorism plan

This content was published on Nov 17, 2001 The plan will attempt to stop terrorists or their associates using these countries’ banking systems. The mulitlateral cooperation agreement is also supposed to stop the use of informal banking networks. The G20 measures include the freezing of terrorist assets, the use of international standards and collaboration with the International Monetary Fund (IMF), the World Bank…

Switzerland to lobby for Central Asian partners

This content was published on Nov 17, 2001 A 10-strong delegation, which includes the Swiss economics minister, Pascal Couchepin, and the president of the Swiss National Bank, Jean-Pierre Roth, has flown to the Canadian capital, Ottawa, to attend the talks. The sessions had been postponed after the terrorist attacks in the United States in September. Central Asian countries have come under the spotlight…

Parliament gives green light for aviation credits

This content was published on Nov 16, 2001 A majority of 110 members of the House voted to support a government proposal for a credit package of just over SFr2 billion ($1.2 billion), while 56 members rejected it. Opposition came mainly from the right-wing Swiss People’s Party, as well as from members of smaller groups, including the Greens and the Liberal Party. The…

Parliament meets on airline issues

This content was published on Nov 16, 2001 The House of Representatives and the Senate will also discuss the government’s role as a minority stakeholder in the new airline, and the liability of Swissair’s former board members and management. In addition, the debate is likely to focus on the impact the Swissair collapse has had on the labour market as well as on…

Swissair to sell LTU stake for one euro

This content was published on Nov 16, 2001 Administrators at the Swissair Group said on Friday that the deal could allow a restructuring of LTU and give it another lease of life while Swissair Group, some of its units and its Sabena ally are being wound up as the first casualties in the ailing European airline industry. Karl Wütrich, the court-appointed administrator of…

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Banking & Fintech

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Extreme climatic conditions try Swiss solar bike team

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Swiss National Bank president upbeat

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Swiss solar bike begins trek across Australia

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Gold in demand since US terror attacks

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Aviation credits win parliament approval

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G20 nations adopt anti-terrorism plan

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Switzerland to lobby for Central Asian partners

More

Parliament gives green light for aviation credits

More

Parliament meets on airline issues

More

Swissair to sell LTU stake for one euro

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