Banking & Fintech

Estonian president awarded Freedom Prize

This content was published on May 18, 2001 The two men received their prize money of SFr100,000 ($57,000) each at a ceremony on Saturday at the University of St Gallen. The prize is awarded to individuals and institutions for contributions to the maintenance and development of a free social and economic order. The foundation said this year’s recipients were being recognised for their…

Credit Suisse sets the pace for week’s business news

This content was published on May 18, 2001 Analysts expect first quarter net income to come in at around Sfr1.4 billion ($806 million) – a decline of around 25 per cent on the same period last year. This would be in line with first quarter numbers released last week by the country’s biggest bank, UBS which showed net profit down 29 per cent…

Swiss seek to protect Emmental cheese from imitators

This content was published on May 18, 2001 Every year 500,000 tonnes of Emmental are produced around the world, but only one in 10 cheeses boasts the trademark “Emmentaler Switzerland”. To protect the name of one of Switzerland’s most famous products and to ensure that consumers know what they’re buying, Swiss researchers are looking at ways of making home-produced Emmental more distinctive. The…

Executives face stormy AGMs

This content was published on May 18, 2001 The country’s biggest travel operator, Kuoni, held its AGM on Tuesday against the backdrop of a bitter boardroom battle. The company’s suspended chairman, Daniel Affolter, was physically prevented from chairing the meeting. The action was seen as a symbolic victory for board members seeking to topple Affolter. They accuse him of awarding himself payments of…

Millions enjoy better start to the day thanks to Nescafé inventor

This content was published on May 18, 2001 Morgenthaler, who studied chemistry at the University of Bern, was working for Nestlé when the Brazilian government approached the food and drinks group about producing a soluble form of coffee. Morgenthaler and his team spent the next seven years working on the project at the company’s Vevey headquarters. They finally achieved success in 1936. Nescafé…

Chocosuisse calls for members’ solidarity

This content was published on May 18, 2001 The association’s president, Dario Kuster, told swissinfo that it was only by working together that manufacturers could promote further success within the industry. “The work of the association can only be done when people maintain solidarity. Of course, they are competitors but in the common questions of an association and in an industry like ours,…

Bankruptcies fall again

This content was published on May 18, 2001 The Federal Statistical Office said on Friday that bankruptcies last year involved losses of some SFr4 billion ($2.3 billion). The number of bankruptcies reached their high point in Switzerland in 1996 when 10,541 cases were opened. Since then, they have declined steadily. Last year’s figure is 17.8 per cent less than in 1996. The office…

Swisscom cuts connection with All Wireless

This content was published on May 18, 2001 The agreement will leave SwissConexx, which also operates in the telecommunications field, as the sole shareholder of All Wireless’s TELEPAGE provider. Swisscom said on Friday that the sale was a logical step because All Wireless’s area of operation did not form part of its core businesses. No financial details have been disclosed. A statement said…

Hüppi wins confidence vote

This content was published on May 17, 2001 Hüppi came through the motion with a two-to-one majority despite fierce criticism from many shareholders upset by a drop in earnings in 2000 and poor prospects for the current year. Hüppi did not hide the fact that the company faced further challenges ahead. He told shareholders that although its insurance arm had performed well in…

Traditional barques back in service on Lake Geneva

This content was published on May 17, 2001 There are currently three renovated or replica barques, which are peculiar to the region, operating on Lake Geneva. They provide a poignant reminder of when these vessels were the principal means of transport in the region. But they could soon be joined by a fourth: another barque is currently being built in the port of…

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Banking & Fintech

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Estonian president awarded Freedom Prize

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Credit Suisse sets the pace for week’s business news

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Swiss seek to protect Emmental cheese from imitators

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Executives face stormy AGMs

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Millions enjoy better start to the day thanks to Nescafé inventor

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Chocosuisse calls for members’ solidarity

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Bankruptcies fall again

More

Swisscom cuts connection with All Wireless

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Hüppi wins confidence vote

More

Traditional barques back in service on Lake Geneva

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