Banking & Fintech

Novartis wins approval for diabetes treatment

This content was published on Oct 5, 2000 The Basel-based life sciences group said the approval was based on clinical data involving more than 4,000 patients, and is the first approval for Starlix in Europe. It is estimated that approximately a quarter of a million people suffer from type two diabetes in Switzerland. Starlix is one of the potential next generation of blockbuster…

Higher fuel costs lift prices at Swisscargo

This content was published on Oct 5, 2000 It said on Thursday that it would add $0.05 (SFr0.09) to each kilogramme of chargeable weight. Swisscargo started its own fuel cost index in May this year, which took May 1996 as the 100 level. The index has been above 150 points since August. Swisscargo said it would end the second fuel surcharge as soon…

Art brings out horror of Rwandan genocide

This content was published on Oct 5, 2000 His three photography-based installations are entitled “The Silence: the Rwanda Project 1994-2000.” They stem from Jaar’s experiences in Rwanda during the genocide of 1994 and on subsequent visits, when he recorded the testimonies of survivors and eyewitnesses. The exhibition was organised by Art for the World, a non-governmental organisation whose aim is to encourage dialogue,…

SIG announces partial sale of weapons division

This content was published on Oct 4, 2000 SIG, based at Neuhausen in canton Schaffhausen, said on Wednesday the deal was being backdated to January 1 of this year. It is selling off its sectors making guns, hunting weapons and parts for artillery weapons. SIG said it was still looking for buyers for the rest of its arms division. The firm, founded in…

Rising fuel costs boost inflation

This content was published on Oct 4, 2000 The September figure is a marked increase on the previous month. In August inflation was running at just 1.3 per cent. The upturn in prices in September was attributed almost entirely to the increase in oil and fuel costs over the past month. The Federal Statistics Office said the September figure would have been up…

SIG to announce arms division sale

This content was published on Oct 4, 2000 Trade in shares in the company, which is increasingly focusing on packaging technology, was halted on Wednesday by the SWX Swiss Exchange at the company’s request. SIG, based in Neuhausen am Rheinfall, said it would give details at a press conference in Zurich later on Wednesday. SIG has said there had been intensive contacts with…

Carrefour enters Swiss market

This content was published on Oct 4, 2000 Announcing the deal on Wednesday, Carrefour said it would own 40 per cent of the joint venture, which will begin operating on January 1, 2001. After five years its stake will increase to 50 per cent, strengthening Carrefour’s presence in the Swiss market. The family-owned Maus Freres group owns the Jumbo chain of hypermarkets, which…

Swisscom sells satellite stations

This content was published on Oct 4, 2000 Swisscom’s announced its intention to withdraw from satellite communications earlier this year. The sale is in line with the company’s strategy to focus more on its core businesses in Switzerland, Europe and North America. The move out of satellite communications also allows Swisscom to focus on the more economical submarine cables for its international traffic.…

Postal industry adapting to change

This content was published on Oct 4, 2000 Post-Expo 2000 proves, if proof were needed, that the post is more than just stamps. More than 100 suppliers of the latest postal equipment and technology are displaying their products at Geneva’s Palexpo exhibition centre until Thursday. They include big-hitting companies like IBM, Mannesmann, Siemens, Lockheed Martin and Pitney Bowes, as well as major national…

Senate backs electricity liberalisation

This content was published on Oct 4, 2000 Wednesday’s debate focused on the pace of opening up the electricity market. Under the proposal, consumers would be able to pick their electricity supplier within six years of the new legislation being passed. The new law also foresees the establishment of a national network company to ensure that all suppliers have access to the grid.…

Banking & Fintech

Popular Stories

Most Discussed