Banking & Fintech

More Swiss surf the Internet than ever before

This content was published on Mar 28, 2001 The survey, produced by MMXI Suisse, revealed that Swiss surf the World Wide Web for 12.5 minutes on average per day from home. The most popular Swiss Internet sites include the search engine search.ch and the Swiss Federal Railways web site. The American search engines Yahoo and Altavista are also included in the top ten…

Legal action over Swiss apartheid relations gets closer

This content was published on Mar 28, 2001 The South African branch of the non-governmental organisation, the Jubilee 2000 Coalition, says it is continuing to carry out research about international links to the apartheid system that formally ended in 1994. Class action suits could involve financial institutions and companies in the United States, Germany and Britain as well as Switzerland. Its spokesman, Neville…

Government adopts new measures against BSE

This content was published on Mar 28, 2001 The main changes to protect consumers from BSE are in the slaughtering techniques. The compressed air method and a technique that uses vibrations to destroy the base of the brain are being stopped to prevent brain tissue from entering the circulatory system. The veterinary authorities have also decided to ensure the removal of organs in…

Family watch firm stands test of time

This content was published on Mar 28, 2001 In a watch industry faced with a concentration of forces putting large marketing budgets to win market share, Mondaine stands out as a family business that has stood the test of time. History recalls that the founder of the company, Erwin Bernheim, aged 75, should have been a tailor but an introduction to the watch…

Think Tools slips into the red

This content was published on Mar 28, 2001 The company said it expected to return to profit in the second quarter of 2001 and forecast a substantial net profit for the year as a whole. Think Tools has faced severe problems due to Vontobel’s cancellation of its e-project, y-o-u bank. The failure of the venture led to the dismissal of several senior managers…

Zurich airport threatens legal action against Germany

This content was published on Mar 27, 2001 Germany has forced a renegotiation of the number of Swiss flights permitted to fly over its territory. It announced last May that it wanted changes to an agreement dating from 1984 which in recent years has seen the number of Swiss flights crossing southern Germany increase to around 140,000. Berlin says this has led to…

Central bank forecasts slightly lower growth for Swiss economy

This content was published on Mar 27, 2001 Speaking to chambers of commerce in the Swiss/German border region in Freiburg im Breisgau, Gehrig said this represented more or less the growth potential of the economy. Last week, the National Bank said that the economy would grow slightly less than the 2.2 per cent it announced at the end of last year but did…

US market key for expansion at Lindt & Sprüngli

This content was published on Mar 27, 2001 Net profit in 2000 came in at SFr76.2 million ($44.3 million), an increase of 9.3 per cent over the previous year. Sales increased by 6.7 per cent to SFr1.537 billion, much above the market average. Ernst Tanner, chief executive of the chocolate group told swissinfo that its North American operation, which includes Lindt & Sprüngli…

Government urged to extend debt relief programme

This content was published on Mar 27, 2001 The programme was launched in 1991 as part of events to mark the 700th birthday of the Swiss state. It was set up with a credit of SFr500 million ($292 million) from the federal parliament and government. Since then SFr2 billion worth of debts has been written off. Peter Niggli of the Swiss Coalition of…

Business booming for Swiss hotel industry

This content was published on Mar 27, 2001 Estimates published by the federal statistical office in Neuchâtel point to February’s figures as the best since the record results achieved in February 1988. Compared to February last year, the new figures show an increase of 201,000 overnight stays or 6.9 per cent. Commenting on the figures, Jean Fluckiger from the tourism section of the…

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