Banking & Fintech

Switzerland opens airspace to US aid planes

This content was published on Nov 10, 2001 “The approval is for flights for humanitarian purposes alone,” said foreign ministry spokeswoman, Muriel Berset Kohen. Kohen confirmed that the permission does not extend to US planes carrying weapons or people involved in the current fighting in Afghanistan. Civil aviation authorities granted their approval last weekend, and two US aid flights crossed over Switzerland on…

Orders fall as slowdown deepens

This content was published on Nov 10, 2001 Orders in the third quarter fell by 30 per cent to SFr312.6 million ($191.66 million) and sales declined by 20 per cent to SFr457.4 million, compared with the previous quarter. Meanwhile, Switzerland’s largest tour operator, Kuoni Travel, reported on Tuesday that it was facing a “tough” time ahead, despite good third-quarter results. Kuoni said that…

UBS head calls for strong corporate response to terror

This content was published on Nov 10, 2001 In a recent speech to the Swiss-American chamber of commerce, Arnold said September 11 was a defining moment in world history when people started to rethink the principles of the political and economic order. “That day most of us realised we’d been living in a period of international stability, where major conflicts seemed remote,” said…

Helping poorer nations be heard at the WTO

This content was published on Nov 10, 2001 The handful of employees at the Agency for Trade Information and Cooperation (AITIC) have had a lot on their hands in the run-up to the ministerial conference of the World Trade Organisation (WTO) in Doha, Qatar. Trade delegations from developing countries have been seeking the help of AITIC to clarify a point on the Doha…

EU founding fathers honoured in Lausanne

This content was published on Nov 9, 2001 Ex-chancellor Helmut Schmidt and former president Valéry Giscard d’Estaing were awarded the gold medal of the Jean Monnet foundation in Lausanne on Friday. During the ceremony the former president of the European Commission, Jacques Delors, praised the two men for being “manufacturers of the European Monetary System”, which led to the creation of the single…

Airline security to be boosted

This content was published on Nov 9, 2001 The special session of the International Civil Aviation Organisation (ICAO), called in response to the September events, agreed on a series of short-term measures. All hand luggage will now be screened before passengers board aircraft. “This is something we’ve had in Switzerland for quite some time, but it is something new for many countries,” said…

Investors sign on dotted line for new airline

This content was published on Nov 9, 2001 The director of the Federal Finance Ministry, Peter Siegenthaler, told a news conference in Bern on Friday that SFr2.2 billion ($1.34 billion) of the needed SFr2.7 billion had been assured. Some SFr378 million was conditionally accounted for and a further SFr80 million was expected, he added. That leaves SFr69 million to be found to reach…

Retail sales advance despite recession fears

This content was published on Nov 9, 2001 Strong sales revenue in clothing and shoes helped boost the figures according to the latest information from the Federal Statistics Office. It said retail sales increased 2.3 per cent in the first nine months of 2001 versus the same period in 2000. Financial markets, however, largely shrugged off the data and concentrated instead on a…

Swiss favour trade liberalisation

This content was published on Nov 9, 2001 Switzerland, which is represented by Economics Minister Pascal Couchepin, wants a new round of trade negotiations, which would likely to focus on agricultural subsidies, investment and industrial patents. “Our position is that what is good for the multilateral trade system increases the legal security, and therefore, is good for Switzerland,” says Luzius Wasescha, a senior…

Mixed reaction to Swiss airline choice

This content was published on Nov 8, 2001 “Bouw is certainly not a first-rate manager. He’s not a top shot,” aviation specialist Sepp Moser told swissinfo. Bouw, the former chief executive officer of the Netherlands carrier KLM, was named to the post on Wednesday by the steering committee charged with overseeing the new airline. “His strong point is certainly that he has a…

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Banking & Fintech

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Switzerland opens airspace to US aid planes

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Orders fall as slowdown deepens

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UBS head calls for strong corporate response to terror

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Helping poorer nations be heard at the WTO

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EU founding fathers honoured in Lausanne

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Airline security to be boosted

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Investors sign on dotted line for new airline

More

Retail sales advance despite recession fears

More

Swiss favour trade liberalisation

More

Mixed reaction to Swiss airline choice

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