Banking & Fintech

Swissair unveils major shake up to prop up ailing carrier

This content was published on Sep 24, 2001 Unveiling its new restructuring plan on Monday, the group said Crossair would be fully integrated into Swissair to form “Swiss Air Lines”, and that the new concern would be headed by current Crossair chief executive, André Dosé. Swissair Group said the restructuring, which is expected to involve heavy job cuts, would be completed within three…

Task force to devise emergency rescue plan for Swissair

This content was published on Sep 24, 2001 The task force, which will be set up in the coming days, will be headed by ex-parliamentarian and entrepreneur, Ulrich Bremi. Government authorites, representatives from Swissair, the banking sector and other economic partners will also take part. The decision came after a meeting on Saturday between heavyweights from the Swiss economy, Swissair management and government…

Sam steals the show on Swiss streets

This content was published on Sep 23, 2001 Designed and assembled by the CREE company (Creation Research Engineeering and Ecology) of Biel, Sam is labelled as environment-friendly, cheaper to run than conventional cars, safe, quiet – and fun. Designer and CREE chief executive officer Marc Frehner insists that Sam is not really a car. “Sam is a product half-way between a scooter and…

Car-less Saturday gets green light

This content was published on Sep 22, 2001 The capital, like 13 other Swiss cities, is participating in European Car Free Day, and a large part of the downtown area has been designated a no-go zone for private traffic, turning it into a huge pedestrian playground. In about 800 European cities on Saturday, thousands of people will take to the streets for the…

Neuchatel celebrates vintage festival

This content was published on Sep 22, 2001 The festival in the western town is one of the most popular events of its kind in Switzerland because of the carnival atmosphere it inspires. Orchestras, jazz and marching bands set the tone on the first evening, as tents spring up around town. A series of parades draw up to 40,000 visitors on Saturday and…

Job losses spread across Swiss corporate sector

This content was published on Sep 22, 2001 Despite the raft of corporate payroll cutbacks seen over the past three months, the unemployment rate in August came in at 1.7 per cent, unchanged from the previous month. However, Marcus Allenspach, chief economist at Cantrade Private Bank, told swissinfo that the jobless rate will pick up from now on. “In the first half we…

Swiss Market Index shaky after Wall Street losses

This content was published on Sep 21, 2001 Stock exchanges in Frankfurt, London and Paris also registered sharp drops. On Thursday, the Wall Street Index fell by 4.4 per cent, dropping to 8,376.21 points, evidence of growing fears about the current economic climate and military retaliation for the last week’s attacks on the United States. There were also substantial losses on the Asian…

Disaster in US affected Swiss business

This content was published on Sep 21, 2001 Switzerland’s finance minister, Kaspar Villiger, defended Swiss banking secrecy laws on Thursday and pledged to join international efforts to search for money linked to terrorism. “Switzerland is definitely not a safe haven for criminals nor terrorists, and the country’s banking secrecy system provides no protection for such people,” Villiger said at a news conference. His…

Gotthard crew carves centrepiece of Swiss rail scheme

This content was published on Sep 21, 2001 The new Gotthard link will form the centrepiece of Switzerland’s New Transalpine Railway scheme. With a length of 57 kilometres, the Gotthard base tunnel will be longer than the Channel Tunnel connecting Britain and France, which is just over 50 kilometres long. The underground construction site created by an international consortium will help to speed…

Pressure increases on government to aid Swissair

This content was published on Sep 21, 2001 The Swiss finance minister, Kaspar Villiger, said on Friday that the confederation might help Swissair by taking part in a capital increase. But the aid would be only “subsidiary” because it was first and foremost up to the private economy to inject funds to assure the company’s survival. The government has a three per cent…

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Banking & Fintech

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Swissair unveils major shake up to prop up ailing carrier

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Task force to devise emergency rescue plan for Swissair

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Sam steals the show on Swiss streets

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Car-less Saturday gets green light

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Neuchatel celebrates vintage festival

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Job losses spread across Swiss corporate sector

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Swiss Market Index shaky after Wall Street losses

More

Disaster in US affected Swiss business

More

Gotthard crew carves centrepiece of Swiss rail scheme

More

Pressure increases on government to aid Swissair

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