Banking & Fintech

Up to 172 feared killed in Austrian train fire

This content was published on Nov 11, 2000 Austrian state television said all but the eight passengers who escaped were thought to have suffocated. It added that the train was carrying an estimated 180 passengers. The fire occurred inside the 3,200 Kitzsteinhorn mountain, near the town of Kaprun, which lies southwest of Salzburg. The governor of Salzburg, Franz Schausberger, described the incident as…

The business week in Switzerland

This content was published on Nov 11, 2000 The week ended with fears that the auction for the third generation of mobile licences in Switzerland could turn into a farce, after four of the bidders pulled out of the race late in the week. Their withdrawal leaves only five of the original 10 bidders still in the race. With four UMTS licences to…

Swissair brings in more staff to tackle delays

This content was published on Nov 10, 2000 The staff will work for the SAirGroup’s handling company, Swissport Zurich, and should be in place by the time the summer 2001 schedules go into effect. Swissair said an internal working group had been studying the problem of delays for six months and was now beginning to implement more than 80 individual measures aimed at…

Last Swisscom monopoly broken

This content was published on Nov 10, 2000 Swisscom, which is the country’s largest telecommunications operator, has up till now had a monopoly on the “last mile” connection. As a first step, Swisscom must open part of the “last mile” loop to the rival diAx company, which is a fixed line and mobile operator. Swisscom has said it will appeal against the ruling.…

Swiss get access to Sothebys.com

This content was published on Nov 9, 2000 “By opening bidding in Switzerland, we can make Sotheby’s accessible to an entirely new audience of Swiss art and antiques collectors,” said Craig Moffett, president of Sothebys.com. The online auctions, which began in January in the United States, Britain, Canada and Germany, are being extended to Switzerland and seven other countries. Sotheby’s said it was…

New campaign to tackle alcoholism

This content was published on Nov 9, 2000 The campaign has been run annually for the past four years, and is targeted at alcoholics and people who are in danger of becoming addicted to drink. Entitled “Swiss solidarity day for people with alcohol problems”, it takes place on the second Thursday of November, and aims to promote awareness of the affliction and the…

Cablecom withdraws from UMTS auction

This content was published on Nov 9, 2000 Cablecom, which is owned by the United States NTL company, said it would not vie for the four licences because it was too much of a financial burden. The company said it would look for a partnership with one of the successful bidders. Only eight out of the ten original bidders remain in the race…

Ciba to sell masterbatch business

This content was published on Nov 9, 2000 Ciba, Switzerland’s number two producer of specialty chemicals, gave no financial terms for the transaction, which depends on the fulfilment of closing conditions and approval from the regulatory authorities. “The planned divestment of the masterbatch business will further strengthen Ciba’s focus on its core businesses,” said a company statement. Megides, which specialises in compounds and…

Irish company cements hold in Switzerland

This content was published on Nov 9, 2000 CRH is paying SFr646 million ($364 million) for the company. “Jura’s strong market positions in core CRH business sectors will allow us to benefit fully from the programme of major infrastructure projects in Switzerland which is set to underpin increasing demand for our products,” said CRH head, Liam O’Mahoney. Jura is Switzerland’s second biggest cement…

Stars’ bank details put on show

This content was published on Nov 9, 2000 Some famous account holders at Switzerland’s second largest bank had their account numbers, addresses and details of money transfers splashed across a publicly accessible website. Among those affected were the British actor, Roger Moore, the German pop star, Udo Jürgens, and the Swiss entertainer, DJ Bobo. The bank said the problem had been caused by…

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Banking & Fintech

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Up to 172 feared killed in Austrian train fire

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The business week in Switzerland

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Swissair brings in more staff to tackle delays

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Last Swisscom monopoly broken

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Swiss get access to Sothebys.com

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New campaign to tackle alcoholism

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Cablecom withdraws from UMTS auction

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Ciba to sell masterbatch business

More

Irish company cements hold in Switzerland

More

Stars’ bank details put on show

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