Banking & Fintech

Rare Swiss stamps go on sale

This content was published on Jun 14, 2000 The collection took more than 20 years to build up and is the work of a Canadian philatelist with close associations with Switzerland and Geneva. The collection includes three double Geneva stamps more than 150 years old which was used to send post within the canton of Geneva. It derives its name from the fact…

Online grocery shopping set to expand abroad

This content was published on Jun 14, 2000 At a news conference in Zurich, the company said it was foreseeing a capital increase to support its expansion plans. Company representatives said Le-Shop services would be available on the net in Argentina through a co-operation agreement with Alcampo, a Spanish online provider. With its expansion abroad, Le-Shop will have more than 100 employees and…

Berne against boosting IMF voting rights of developing countries

This content was published on Jun 13, 2000 In a statement following the weekly cabinet meeting, the ministry said any reform which gave other countries more than a marginal increase in voting rights would amount to a voluntary reduction in Switzerland’s own share of the vote. It added that Switzerland would therefore no longer be in a position to represent another group of…

Government prepares for further post and telecom shake-up

This content was published on Jun 13, 2000 The government also said that it wants to create a Postbank as a means for the postal service to finance mail and deliveries. The federal ministry for the environment, traffic and telecommunications said in a statement that the cabinet would submit legislation before the autumn on Swisscom and the postal service. “The government should be…

Sarna acquires US car parts maker

This content was published on Jun 13, 2000 Sarna says the acquisition continues its strategy of sharpening its market focus and increasing its geographical diversification, and also gives it a foothold in the American auto market. Blue Water Plastics (BWP), which has captured a leading market position as a supplier to North American automakers, is expected to make sales of around SFr310 million…

Interest rates expected to rise in Switzerland

This content was published on Jun 13, 2000 In the first quarter of this year, the economy grew by four per cent, with the unemployment rate falling to 1.9 per cent in May – an eight year low. “The fact that the Swiss economy is doing pretty well leads to one conclusion,” Andreas Huffert, economist at Warburg Dillon Reed, told swissinfo, “There might…

This week in business

This content was published on Jun 13, 2000 Any increase would be seen as an effort to curb inflationary pressure within Switzerland, and would also offer the Swiss franc support against the US dollar. The franc has been moving higher against the US unit as the economic recovery in North America slows, this in turn is helping the euro find its feet against…

Swiss Casinos inaugurates its first Swiss hotel in Las Vegas

This content was published on Jun 12, 2000 The brand new “Regent Las Vegas”, situated on 22 hectares of parklands, is a luxury hotel complete with artificial rivers and palm groves. It includes an Ancient Egyptian complex, in keeping with the Las Vegas tradition of theme hotels. The hotel has 560 rooms, a rather modest number in comparison with some other hotels in…

Tobacco and alcohol advertising outlawed in Geneva

This content was published on Jun 10, 2000 The new laws governing advertisements for tobacco products and certain alcoholic drinks were only finalised after three debates. Several amendments were necessary to reach a final version. The sticking point was the definition of strong alcoholic beverages. Eventually, the councillors agreed on the formula that anything above 15 per cent proof constituted “strong” alcohol and…

A strange encounter with Michelle Pfeiffer

This content was published on Jun 9, 2000 It isn´t cosy; hardly warm and welcoming; and the stairwells leading up to the rooms are cold, grey concrete. But that´s the whole point. Lucerne´s über-trendy ‘The Hotel’ is for the non-traditional guest, who´s looking for a non-traditional but top-class Swiss hotel. The reason the stairwells have been deliberately left in their raw state, is…

Banking & Fintech

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Banking & Fintech

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Rare Swiss stamps go on sale

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Online grocery shopping set to expand abroad

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Berne against boosting IMF voting rights of developing countries

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Government prepares for further post and telecom shake-up

More

Sarna acquires US car parts maker

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Interest rates expected to rise in Switzerland

More

This week in business

More

Swiss Casinos inaugurates its first Swiss hotel in Las Vegas

More

Tobacco and alcohol advertising outlawed in Geneva

More

A strange encounter with Michelle Pfeiffer

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