Banking & Fintech

Walking Switzerland in a day

This content was published on May 3, 2001 The path was created in 1991 as part of Switzerland’s celebrations to mark the 700th anniversary of the pact that gave birth to the Swiss Confederation. The events on May 5 begin at the boat landing in Flüelen on the southern arm of Lake Lucerne. There will be competitions, clowns and alphorn players and special…

Employers’ organisation urges cut in corporate taxes

This content was published on May 2, 2001 At its annual press conference in Bern, economiesuisse – formerly known as “Vorort” – called for a one per cent reduction in taxes on corporate profits, which would save the business community around SFr600 to SFr700 million ($347 to $405 million) per year. It also urged the government to sell its remaining majority stake in…

World Economic Forum boss steps down

This content was published on May 2, 2001 WEF communications chief, Charles McLean, said Smadja’s decision had come as something of a surprise, although it was known that he had been thinking of leaving. He said Smadja would continue to act as a consultant to the WEF: “Claude will become an independent consultant, and we will certainly be one of his main clients.”…

Swatch chairman Hayek chides stock exchange speculators

This content was published on May 2, 2001 In Swatch’s annual report, released on Wednesday, Hayek described the Zurich exchange as behaving “in a superficial” way. He said speculation in general had led in some cases to absurd situations and a distortion of the international exchanges that could be compared to a game of roulette. However, Hayek said Swatch Group management was “absolutely…

Switzerland to give away more beef

This content was published on May 2, 2001 The money made available by the cabinet is expected to pay for 700 tonnes of beef. It will also provide a much-needed cash injection for the beef industry, which has seen prices for its products fall by around 30 per cent since the crisis. The announcement comes less than three months after the cabinet made…

Honegger falls from boardroom grace

This content was published on May 2, 2001 One week after officially leaving his post as chairman of the Swissair Group, formerly known as SAirGroup, the NZZ said in its Wednesday edition that Honegger would not be presenting himself for re-election at Saturday’s meeting. His decision to leave the NZZ board was forced by the controversy surrounding his one-year stint as chairman at…

Inflation edges higher

This content was published on May 2, 2001 Inflation in the year to April edged up to 1.2 per cent, increasing from 1.0 per cent in March. Over the month of April inflationary pressure in the Swiss economy rose 0.3 per cent, after increasing 0.2 per cent in the month to March. These latest figures remain in line with market expectations that the…

Serono chalks up good gains in first quarter

This content was published on May 2, 2001 The increase in business at the Geneva-based company was in line with analysts’ expectations. Serono, which makes the multiple sclerosis drug, Rebif, and hormone treatments for infertility and AIDS-related weight loss, did not update its profit forecast for the remainder of 2001. The company revealed in March that it expected strong growth to continue this…

Troubled sports promoter given bankruptcy reprieve

This content was published on May 2, 2001 ISMM said a court in canton Zug had granted an appeal to hold off bankruptcy proceedings for one month to allow it to complete its sale to the French media company, Vivendi. The company had requested a three-month stay. “Subject to certain conditions… Group Canal+ SA, a fully owned subsidiary of Vivendi Universal, will conclude…

Drive to improve safety of rollerbladers

This content was published on May 1, 2001 The Council for Accident Prevention says the number of injuries could be reduced by half if skaters were to wear protective gear consistently, such as helmets, knee and elbow pads, and special wrist protection. With its campaign, using television spots, advertisements in the press, and leaflets, the council also recommends beginners take courses in how…

Banking & Fintech

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Banking & Fintech

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Walking Switzerland in a day

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Employers’ organisation urges cut in corporate taxes

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World Economic Forum boss steps down

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Swatch chairman Hayek chides stock exchange speculators

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Switzerland to give away more beef

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Honegger falls from boardroom grace

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Inflation edges higher

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Serono chalks up good gains in first quarter

More

Troubled sports promoter given bankruptcy reprieve

More

Drive to improve safety of rollerbladers

Popular Stories

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