Banking & Fintech

Swiss airports operating; security tight

This content was published on Sep 17, 2001 “The situation is back to normal,” said Sonja Zöchling, spokeswoman for Kloten airport. The Care Team, which looks after stranded passengers, finished its work on Sunday after all passengers were able to continue their journeys. The Care Team is a joint operation of Swissair and Unique, the airport’s operator, and is used in emergency situations.…

Airlines braced for rough ride as profits tumble

This content was published on Sep 17, 2001 United States airlines are seeking urgent meetings with the Bush administration this week in a bid to receive federal aid to keep their industry afloat. Delta Airlines, the country’s third-largest carrier, on Sunday joined three other major US airlines in reducing scheduled services and said it would consider job cuts if the government did not…

Spa looks to Middle Ages to restore health

This content was published on Sep 17, 2001 Markedly fewer visitors have visited the resort since the town, located in canton Valais, nearly drowned under huge debts in the late 1990s, a development brought on by unwise investments in grandiose building projects. Tourism director Peter Salzmann was hired less than a year ago to turn around the spa’s fortunes. He says Leukerbad is…

The Swiss celebrate the cheese

This content was published on Sep 17, 2001 Like many alpine farming communities across Switzerland, the farms in the deep-cut Justis Valley are organised into a cooperative, and since time immemorial, the same system has been used to divide the cheese among those possessing what are known as “cow rights”. Many of the people still owning cow rights are no longer farmers, but…

Taxes, gold reserves and UN top parliament’s autumn session

This content was published on Sep 17, 2001 The House of Representatives has scheduled two days of discussions over whether Switzerland should join the United Nations. The Senate has already overwhelmingly approved the proposal, which will come to a nationwide vote next year. Opponents, mainly from the right-wing Swiss People’s Party, say UN membership could compromise Swiss neutrality. The electorate rejected a similar…

Airlines resume flights to US amid tight security

This content was published on Sep 17, 2001 Airlines issued lists of banned articles, including knives, and intensified searches of passengers and luggage on Saturday to comply with new FAA measures. International carriers were obliged to implement the measures in order to secure permission to resume flights to the US. In Geneva, security delays were exacerbated by a three-hour strike by 500 Swissair…

Financial markets wait on New York

This content was published on Sep 16, 2001 Most analysts expect the stock exchange to open sharply lower when it does resume trading. Insurance companies, banks and aviation groups could be among the big losers. A report in the Financial Times said some of the major US carriers, such as Continental Airlines, Delta Air Lines, Northwest, United Airlines and American Airlines were planning…

NYSE boss gives go-ahead for Monday trading

This content was published on Sep 15, 2001 The NYSE chairman, chairman Richard Grasso, gave the green light for trading to resume on Monday, saying “systems are all go”. The markets were closed for four days after two jetliners hijacked by terrorists destroyed the World Trade Center and forced the shutdown of the city’s financial district. Grasso said the exchange would observe two…

Business world in shock following US attacks

This content was published on Sep 15, 2001 As the severity of the attack sunk in, the impact on European markets was swift and severe with the Swiss Market Index (SMI) falling more than seven per cent in the wake of Tuesday’s events. With the markets already trading at three-year lows in the face of the economic slowdown, there was panic selling. Airline…

World markets remain on alert

This content was published on Sep 14, 2001 Buoyed by overnight firmness in Europe, Tokyo’s benchmark Nikkei Stock Average rallied to close above the symbolically important 10,000 mark, its highest point since it plunged after Tuesday’s attacks. European markets were hit hard, with insurance and technology shares falling sharply the way higher as investors looked to Monday’s reopening of Wall Street. “I think…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Swiss airports operating; security tight

More

Airlines braced for rough ride as profits tumble

More

Spa looks to Middle Ages to restore health

More

The Swiss celebrate the cheese

More

Taxes, gold reserves and UN top parliament’s autumn session

More

Airlines resume flights to US amid tight security

More

Financial markets wait on New York

More

NYSE boss gives go-ahead for Monday trading

More

Business world in shock following US attacks

More

World markets remain on alert

Popular Stories

Most Discussed