Banking & Fintech

Switzerland expected to get attention of Bush presidency

This content was published on Jan 20, 2001 “I expect Switzerland to get a lot of attention through bilateral relations,” Defago said in an interview with swissinfo. “Many members of Bush’s cabinet know Switzerland quite well.” However, Switzerland’s ambassador since 1997 does not expect any fundamental change in relations. He said any changes were likely to be confined to shifts of emphasis in…

Swiss ready to discuss banking secrecy with European Union

This content was published on Jan 19, 2001 The announcement comes following a meeting between Swiss officials and members of the European Commission in Brussels, on Friday. While the Swiss government has expressed its willingness to discuss banking secrecy, it made it clear that, in exchange, the EU must be ready to collaborate on judicial, police and asylum matters. However, in a communiqué…

Solar energy presents a new face to the world

This content was published on Jan 19, 2001 The south side of the block, which is 23 storeys high and contains 94 flats, is covered by hundreds of shiny blue panels, rising some 70 metres. It is the biggest facade of any building anywhere to be converted into a solar energy plant. Catching the sunlight, the panels feed electricity directly into the city…

Concerns over global economy to top Davos agenda

This content was published on Jan 19, 2001 This year’s summit will concentrate on how to maintain global economic growth and how to alleviate inequalities between rich and poor. With the title “Sustaining Growth and Bridging the Divides”, the Forum will try to answer critics who dismiss it as little more than a rich men’s club. The summit will discuss the recent economic…

Swisscom ups stake in Germany’s debitel

This content was published on Jan 19, 2001 The shares, owned by DaimlerChrysler Services, will increase Swisscom’s stake in debitel, Europe’s largest network-independent service provider, to 84 per cent. In a statement on Friday, Swisscom, it was exercising an option agreed in 1999, when it bought 74 per cent of debitel’s shares. Swisscom views debitel as a strategically important growth engine. With a…

Insider traders profited from Nestlé pet food deal

This content was published on Jan 19, 2001 The Securities and Exchange Commission (SEC) in Washington said it believed traders had profited by using advance knowledge of Nestlé’s plans to purchase Ralston Purina for $10.3 billion (SFr16.89 billion). Nestlé confirmed the deal on Wednesday. The SEC added that it does not yet know who is involved because insider trading was carried out anonymously…

New system to help ski resorts face uncertain future

This content was published on Jan 19, 2001 Many alpine areas depend on winter tourism for their survival. There are more than 40,000 groomed ski slopes in the Alps, covering about 1,000 square kilometres. They attract millions of skiers every year and more than 10,000 ski lifts and mountain railways have been built to accommodate them. But increasingly global warming is threatening the…

Wavre begins home stretch

This content was published on Jan 18, 2001 “I can’t say for sure, but I hope this will be my only Vendee Globe race,” he told swissinfo from the cabin of his boat. “You have to be a little bit crazy to compete in this race, and I’m hoping to be a little bit less crazy when I finish.” Wavre still has some…

Swiss bankers speak out against concessions to EU

This content was published on Jan 18, 2001 At a news conference in Bern, the Swiss Private Bankers Association warned that it would be a “catastrophe”, if any hasty concessions were made to the European Union in its fight against tax evasion. Tax evasion is not a crime in Switzerland, as it is in many other countries. Jacques Rossier from the bankers Darier…

Swiss economy to remain buoyant

This content was published on Jan 18, 2001 The survey of around 3,600 companies shows that most expect the healthy economic environment to continue in 2001 though growth is not expected to remain at the exceptional rate seen last year. The most optimistic sectors are information technology and telecommunications, electronics and the food industry. The financial sector also expects a good year. The…

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Banking & Fintech

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Switzerland expected to get attention of Bush presidency

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Swiss ready to discuss banking secrecy with European Union

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Solar energy presents a new face to the world

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Concerns over global economy to top Davos agenda

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Swisscom ups stake in Germany’s debitel

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Insider traders profited from Nestlé pet food deal

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New system to help ski resorts face uncertain future

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Wavre begins home stretch

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Swiss bankers speak out against concessions to EU

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Swiss economy to remain buoyant

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