Banking & Fintech

Swissair to crack down on air rage

This content was published on Nov 1, 2000 Swissair said on Wednesday it had opted for this solution, following a crackdown on “air rage” led by a number of American companies. Legally, there is no problem for an airline to have its crew subdue a passenger in this way. A spokesman said the company did not want to introduce the new measure immediately,…

Cost of property increases threefold

This content was published on Nov 1, 2000 The survey, released on Wednesday, shows that costs are likely to increase further over the next year, and house prices are set to rise for the next decade. Increasing consumer confidence and relatively low mortgage rates are the primary reasons given for an increasing number of Swiss buying rather than renting their homes, and seeking…

Company created to offset effects of job cuts at Swisscom

This content was published on Nov 1, 2000 Swisscom is in the process of a restructuring programme and has announced it is cutting staff numbers by 3,000 on top of outsourcing a further 3,000 positions. The joint venture, Work Link, will try to find “new perspectives for collaborators of a certain age, touched by the restructuring,” a joint statement said on Wednesday. Swisscom…

Swiss give in to EU pressure on 40-tonne trucks

This content was published on Nov 1, 2000 The two measures were effectively linked in a series of bilateral accords between Switzerland and the European Union. However, Switzerland wanted to introduce the tax before the accords were fully ratified, while delaying the entry of the heavy trucks until the process was completed. They are expected to be ratified by mid-2001. The government said…

GretagMacbeth acquires US group

This content was published on Nov 1, 2000 GretagMacbeth’s business includes the production and distribution of hardware and software for graphic arts, imaging and the ink industry. McMahan, based in Triangle Park, North Carolina, specialises in light measurement instruments and services used for system development and integration, software development and measuring equipment. swissinfo with agencies

Swiss troops being withdrawn from Bosnia

This content was published on Nov 1, 2000 The soldiers, known as yellow berets, have been in Bosnia since 1996 under the auspices of the Organisation for Security and Cooperation in Europe (OSCE). The Swiss government on Wednesday said the defence ministry could leave any material which would be too expensive to transport back to Switzerland to the Swiss Development Agency in Bosnia…

Revenues climb at SGS

This content was published on Nov 1, 2000 However, a statement from its headquarters in Geneva, said that excluding gains from those divestments, revenues declined by 23.8 per cent or SFr558.4 million. The positive exchange rate effect also had a favourable impact on overall revenues by some SFr81 million. Revenues in Core Businesses excluding SGS Global Trade Solutions have grown strongly in the…

Union seeks heavy trucks access to Swiss roads in January

This content was published on Nov 1, 2000 The IRU argued that all elements of Switzerland’s bilateral agreements with the European Union should be applied simultaneously. Sören Rasmussen, head of the union’s delegation at the EU, opposed what he said was the Swiss government’s decision to apply the different elements of the bilateral accords with the EU in a piecemeal fashion. The IRU…

Swissquote receives online banking licence

This content was published on Oct 31, 2000 Swissquote will be one of the first purely Internet based banks working within Switzerland. The group said in a statement that it would concentrate on providing electronic banking services with a special emphasis on online securities trading and distribution of mutual funds. Swissquote Group holds 51 per cent of the capital and voting rights of…

One in three Swiss play the stock market

This content was published on Oct 31, 2000 The Swiss Banking Institute of Zurich University said 1,660,000 Swiss own shares. They are among the leaders in terms of playing the stock market. The number of investors has doubled in the last three years, with transactions no longer reserved for the elite. The upward trend is the result of “the very good performance of…

Banking & Fintech

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Banking & Fintech

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Swissair to crack down on air rage

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Cost of property increases threefold

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Company created to offset effects of job cuts at Swisscom

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Swiss give in to EU pressure on 40-tonne trucks

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GretagMacbeth acquires US group

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Swiss troops being withdrawn from Bosnia

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Revenues climb at SGS

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Union seeks heavy trucks access to Swiss roads in January

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Swissquote receives online banking licence

More

One in three Swiss play the stock market

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