Banking & Fintech

Philip Morris relocates to Lausanne

This content was published on Jan 15, 2001 The move is aimed at speeding up the company’s decision-making process by alleviating the time difference between major markets. The move will be completed in a year’s time. The details of the new operation in Lausanne will be released in three months. The tobacco giant’s business activities in Europe, Africa and the Middle East are…

Gretag Imaging issues new profit warning

This content was published on Jan 15, 2001 Gretag Imaging said on Monday that annual sales had come in at the lower end of expectations. The company’s new chief executive, William Recker, said the firm was facing a financial burden caused by its inefficient structure. He added that it also lacked a clear strategy. In November, the company said net profit for 2000…

Swiss aviation officials could ban Russian aircraft

This content was published on Jan 14, 2001 A spokesman for the federal civil aviation department, Lenz Jecklin, said the Ilyushin 86 did not meet international safety regulations. Jecklin told the Swiss news agency that investigators had found that, on one plane, the electronic equipment for identifying the risks of a mid-air collision was not working. Switzerland has told the two operating airlines,…

Switzerland placed fourth in globalisation poll

This content was published on Jan 14, 2001 Switzerland was behind Singapore, The Netherlands and Sweden in the survey. The United States was placed 12th. Researchers took four factors into account: goods and services, finance, personal contacts and technology. Switzerland’s strength lay in the goods and services and finance sectors. Among the criteria taken into consideration were trade as a percentage of the…

Basel port sees major rise in goods traffic

This content was published on Jan 13, 2001 The amount of goods transported rose to 8.5 million tonnes – an increase of nearly 15 per cent over 1999. Container and departure traffic also reached record levels in 2000, the port said in a statement on Saturday. Container transport was up by 11 per cent. Nonetheless, the amount of goods leaving Basel last month…

The business week in Switzerland

This content was published on Jan 13, 2001 The government’s unemployment figures on Tuesday revealed a slight rise in the jobless rate in December to 1.9 per cent, compared to 1.8 per cent the previous month. However, the rise is attributed to seasonal factors and the authorities are forecasting an average unemployment rate of 1.8 per cent for 2001 as a whole. Signs…

Switzerland records SMS boom

This content was published on Jan 12, 2001 The largest operator, Swisscom, said on Friday it had transmitted 16.3 million short text messages – or SMS – between December 31 and January 1. The volume of messages over the New Year period was so high that the system became overloaded. Orange and diAx/Sunrise reported that they had handled 1.5 million messages each over…

Dreifuss warns against surfeit of medication on market

This content was published on Jan 12, 2001 Dreifuss said on Friday that the initiative would threaten public health, infringe international trade rules and restrict doctors’ rights. The initiative is aimed at restricting health insurance coverage to the cheapest medication available on the market. It also demands that medicines already on the market in Switzerland be made available for sale to neighbouring countries.…

A day’s work on the top of Europe

This content was published on Jan 12, 2001 It’s a long day for Andreas Signer. She has to leave her home in Interlaken two and a half hours before she begins her eight-hour shift. Even though she only has to travel about 30 kilometres, she has to cover a difference in altitude of nearly 3,000 metres. Signer is the station and postmaster of…

Hilti sales outstrip industry growth

This content was published on Jan 12, 2001 The company said on Friday that sales were seven per cent higher than in 1999 after exchange rate adjustments, which compares favourably to an increase in worldwide construction volume of just three per cent. The group also expects operating and net profit for last year to rise as well. “On the basis of the provisional…

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Banking & Fintech

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Philip Morris relocates to Lausanne

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Gretag Imaging issues new profit warning

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Swiss aviation officials could ban Russian aircraft

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Switzerland placed fourth in globalisation poll

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Basel port sees major rise in goods traffic

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The business week in Switzerland

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Switzerland records SMS boom

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Dreifuss warns against surfeit of medication on market

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A day’s work on the top of Europe

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Hilti sales outstrip industry growth

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