Banking & Fintech

Swiss bike industry faces uphill struggle

This content was published on Aug 31, 2001 Although the Swiss market appears healthy — some 350,000 to 400,000 new bikes are expected to be sold this year at an average price of SFr1,050 ($611) – producers face financial hurdles ranging from the country’s higher cost of salaries to transport taxes. “The costs of production in Switzerland are much higher than for the…

Leading indicator slips further

This content was published on Aug 31, 2001 KOF, which is part of the Swiss Federal Institute of Technology in Zurich, said its indicator fell to a reading of -0.21 from a downwardly revised -0.07 in June. The institute said that new industrial orders showed a slight rise in July, after registering their first decline for two years in June. In a statement,…

Railway to the sky

This content was published on Aug 31, 2001 Like the rest of Europe, Switzerland was gripped by railway fever in the last quarter of the 19th century. But even before tracks had been laid in the valleys of the Bernese Oberland, those ambitious plans were being tabled to build a line to the summit of the Jungfrau, 4,158 metres above sea level. There…

Grindelwald strives to preserve natural setting

This content was published on Aug 31, 2001 In 1838, “Murray’s Handbook for Travellers in Switzerland” said Grindelwald consisted of “…picturesque wooden cottages, widely scattered over the valley…Its inhabitants are chiefly employed in rearing cattle.” By 1973, the British alpine historian, Ronald Clark, said Grindelwald had “become a textbook example of tourist exploitation…with its urban centre, comfy car parks and chalets climbing the…

Consumer prices fall sharply in August

This content was published on Aug 31, 2001 Annual inflation fell for the third month running. It now stands at 1.1 per cent, compared with 1.4 per cent in July after reaching a peak of 1.8 per cent in May. The office said lower sales prices for clothing and footwear led to the decline. In August they were 10.3 per cent cheaper. Other…

Syngenta sees more savings as profit stagnates

This content was published on Aug 30, 2001 Company chief executive officer Michael Pragnell said Syngenta was on course to make $525 million in savings by 2004 as it closes 10 manufacturing sites and six technology centres over the next three years. The company’s net profit for the first six months of the year was $400 million, up $1 million over the comparable…

Report: Swiss violated neutrality, funded Nazis

This content was published on Aug 30, 2001 The findings are part of a series of reports, published on Thursday by the Independent Commission of Experts (ICE), led by the Swiss historian, Jean-François Bergier. The commission was set up in 1996 to provide a comprehensive view of Switzerland’s role during the war era. In its investigation, the ICE found the Swiss government had…

Bergier commission reports on Swiss wartime role

This content was published on Aug 30, 2001 The eight studies form part of a total of 25 publications that a team of 50 historians, researchers and experts have prepared under the supervision of the ICE and its chairman, Jean-François Bergier. Of the total, 17 publications are detailed historic “studies”, six are “research contributions”, and two are legal expert opinions. The ICE, established…

Wartime probe reveals extent of Swiss links with Nazi Germany

This content was published on Aug 30, 2001 The findings are part of a wide-ranging report by the nine-member Independent Commission of Experts (ICE), led by the Swiss historian, Jean-François Bergier. Eight studies, published in Bern on Thursday, show economic, financial and trade agreements struck with Germany and Italy in 1934 and 1935 helped the Axis powers to fund their war efforts. The…

Nestlé and New Zealand’s Fonterra plan joint ventures

This content was published on Aug 30, 2001 A Nestlé statement said the aim was to form a number of joint ventures that are still subject to regulatory acceptance. Fonterra chief executive officer Craig Norgate described the plan as “without doubt New Zealand’s biggest ever commercial deal. The joint ventures would include milk foods and beverages but not cheese, butter or infant formula.…

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Banking & Fintech

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Swiss bike industry faces uphill struggle

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Leading indicator slips further

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Railway to the sky

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Grindelwald strives to preserve natural setting

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Consumer prices fall sharply in August

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Syngenta sees more savings as profit stagnates

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Report: Swiss violated neutrality, funded Nazis

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Bergier commission reports on Swiss wartime role

More

Wartime probe reveals extent of Swiss links with Nazi Germany

More

Nestlé and New Zealand’s Fonterra plan joint ventures

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