Banking & Fintech

Virtual post office: not so far away

This content was published on Oct 14, 2001 Post-Expo brings together all the big national postal operators, consultants and major suppliers like Siemens and IBM. One can still find stands showing the latest in sorting machines and postal vehicles, but the majority of displays reflect how deeply information technology has penetrated the sector. “Every post office is having to examine the way it…

Blue chip results likely to be overshadowed by Swissair trauma

This content was published on Oct 14, 2001 Switzerland’s biggest corporate collapse will continue to grab the headlines as the government, banks, trade unions and the regional carrier Crossair, work on a salvage plan for the collapsed airline. The Swissair Group was brought to its knees by the combined effects of heavy debts, because of an over-ambitious and failed foreign expansion drive, and…

Swissair debacle affects Swiss image abroad

This content was published on Oct 13, 2001 In an interview with the Swiss newspaper, “TagesAnzeiger”, Hösly said it was above all “the suspension of Swissair flights which has done damage to Switzerland’s image overseas”. Hösly, who heads Osec Business Network Switzerland, which is charged with providing trade services to companies worldwide interested in doing business with Switzerland, said the principle of discretion…

Swiss billionaire pledges SFr200 million for new national airline

This content was published on Oct 13, 2001 The partial rescue plan, put together by Switzerland’s two largest banks, UBS and Credit Suisse, is supposed to see the regional carrier, Crossair, take over many of Swissair’s routes at the end of the month. But Haefner said he hoped his gesture would encourage other Swiss millionaires to come forward and offer more donations to…

Fears grow for future of national airline

This content was published on Oct 13, 2001 At the beginning of the week, the group’s chairman, Mario Corti, told shocked staff at a meeting in Zurich that 9,000 jobs would have to go if the airline was to continue operations until Crossair was ready to take over. But by Thursday, severe doubts had emerged about whether the rescue plan could go ahead…

Swiss tourism feels effects of September 11 attacks

This content was published on Oct 13, 2001 “We asked Zurich hotels and they said they had a decrease of 20 per cent in overnight stays [in September],” Hans Ruedi Huber of the Swiss Hotels Association told swissinfo. “We need to watch this and see how it develops across Switzerland.” In reaction to the dip in visitor figures, Switzerland Tourism, an independent body…

Politicians favour government stake in new Crossair

This content was published on Oct 12, 2001 After meeting on Friday, representatives of the Radicals, Christian Democrats and Social Democrats declared Switzerland needs a national carrier guaranteeing intercontinental flights. “If no company is prepared to take over from Swissair, the country will suffer a severe economic crisis,” said Christiane Brunner, president of the Social Democratic Party. The three parties believe the Confederation…

Air force helicopter crashes above Crans-Montana

This content was published on Oct 12, 2001 The Alouette III had left Sion airport early in the afternoon after refuelling, heading back to the military airbase in Payerne, canton Vaud. Local police said the accident happened near Mount Bonvin, about 500 metres from the Plaine-Morte cable car terminal. The helicopter hit a cable used for transporting anti-avalanche explosives, and caught fire when…

Receiver vetoes bridging loan for Swissair subsidiaries

This content was published on Oct 12, 2001 The loan, agreed on October 1, was designed to allow Swissair to keep flying until October 28, when the regional subsidiary, Crossair, is due to take over many of the airline’s aircraft and routes. But without the support of key airline-related units, Swissair may not be able to remain airborne. The administrator, Karl Wüthrich, said…

Switzerland receives hearty praise for organic farming

This content was published on Oct 11, 2001 Their findings came as the Federal Agriculture Office announced that nearly ten per cent of agricultural land in Switzerland is now farmed organically, compared to a European Union average of four per cent. Jost Haar, chairman of the Swiss Agricultural Research Council, an independent body funded by the Swiss government, said the team of scientists…

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Banking & Fintech

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Virtual post office: not so far away

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Blue chip results likely to be overshadowed by Swissair trauma

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Swissair debacle affects Swiss image abroad

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Swiss billionaire pledges SFr200 million for new national airline

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Fears grow for future of national airline

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Swiss tourism feels effects of September 11 attacks

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Politicians favour government stake in new Crossair

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Air force helicopter crashes above Crans-Montana

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Receiver vetoes bridging loan for Swissair subsidiaries

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Switzerland receives hearty praise for organic farming

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