Banking & Fintech

Technoparks seek more money for start-ups

This content was published on Jun 24, 2001 The Technoparks have established an umbrella association called “Swissparks.ch” to heighten their profile and fight for their interests on an economic and political level. “The purpose of the new association is to exchange information on the one hand and on the other to forge a common commitment to some basic principles of what it means…

Medieval galley launched on Lake Geneva

This content was published on Jun 24, 2001 “We had to do something to occupy the unemployed, so that they wouldn’t forget their skills, and wouldn’t become demoralised,” Hirt told swissinfo. With a budget of SFr2.5 million, Hirt and his team of around 600 people started the project to build the 55m long and 25m wide boat in 1982. The ship, which is…

Foreign banks in Switzerland benefit from banking secrecy laws

This content was published on Jun 23, 2001 “Foreign banks come to Switzerland because the country’s banking practices offer them a number of advantages,” Gysi said after the annual meeting of the Foreign Banks Association in Bern on Friday. He said that Switzerland should strive to “staunchly defend” its regulations protecting client privacy and business confidentiality. Last week, the new British boss of…

Novartis withdraws “Functional Foods” from international markets

This content was published on Jun 22, 2001 One-and-a-half years after its launch, Novartis said it was shelving high-nutrition products, in the “Aviva” range which included drinks, biscuits, muesli and granola bars. “The main reasons for the lack of response from consumers were pricing and taste,” Mark Hill, a Novartis spokesman, told swissinfo. “One of the additional factors was the fact that consumers…

Controversy simmers in parliament over drink driving limit

This content was published on Jun 22, 2001 The House approved a proposal, supported by the centre and centre-right, to place the drink-driving issue in the hands of parliament rather than Switzerland’s seven-member cabinet. Parliamentarians argued that they could represent better the interests and concerns of voters. Speakers acknowledged that more needed to be done to improve road safety, but said it would…

Gehrig upbeat about economy but warns against complacency

This content was published on Jun 22, 2001 Speaking at the 200th jubilee of the Winterthur Chamber of Commerce and Employers’ Association, Gehrig said that much had been achieved since the 1990s when the average annual growth of the economy was no more than 0.75 per cent. He said this was way below the average growth rate of two per cent, which was…

A bad week for Sulzer Medica and Swissair

This content was published on Jun 22, 2001 Winterthur-based Sulzer Medica said on Monday that it had been named as a defendant in more than 800 lawsuits filed over faulty artificial hip joints in the United States. It said more than 1,900 people have now had to undergo revision surgery for the faulty hip implants, which were recalled last December. The company also…

AGM season underway in wake of results

This content was published on Jun 22, 2001 Medical technology group, Disetronic, holds its AGM on Wednesday. Shareholders should be fairly pleased with the company’s performance after it revealed a 12.6 per cent increase in net profit in the year to March to SFr45.8 million ($25.7 million). On Thursday, it’s the turn of software group, Logitech. Its investors have a lot to smile…

Executive salaries – is the price too high?

This content was published on Jun 22, 2001 Only France, Austria and Britain rank higher when it comes to gross salaries paid to company managers, according to the study published by Zurich’s weekly ‘Handelszeitung’ economics newspaper. However, the Swiss come top of the tree as far as net income including bonuses. On average Swiss managers earn SFr294,000 ($164,980) a year – 21 per…

Scientists probe effect of chemicals on wildlife

This content was published on Jun 22, 2001 Experts believe that artificial chemicals in the environment can disrupt hormones by sending false signals or blocking legitimate ones. Such substances are causing increasing concern around the world. The new study hopes to reveal how and why these hormone disruptors are damaging human and animal health. “Research results have shown that endocrine disruptors are present…

Banking & Fintech

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Banking & Fintech

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Technoparks seek more money for start-ups

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Medieval galley launched on Lake Geneva

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Foreign banks in Switzerland benefit from banking secrecy laws

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Novartis withdraws “Functional Foods” from international markets

More

Controversy simmers in parliament over drink driving limit

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Gehrig upbeat about economy but warns against complacency

More

A bad week for Sulzer Medica and Swissair

More

AGM season underway in wake of results

More

Executive salaries – is the price too high?

More

Scientists probe effect of chemicals on wildlife

Popular Stories

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