Banking & Fintech

The business week in Switzerland

This content was published on May 20, 2000 Among the major stories were: – Monday. Price pressure in Switzerland increased slightly as the economy continued to do well. Data from the Federal Statistics Office showed that producer/import prices rose 0.1 per cent in April month-on-month, increasing 2.8 per cent year-on-year, that follows on from a 2.9 per cent increase in March. – Tuesday.…

Search for Swissair diamonds angers relatives

This content was published on May 19, 2000 Lloyds have applied to the Canadian Authorities for a licence to search the seabed off Nova Scotia for the treasure, which is said to be worth around 300 million dollars. But Ian Shaw, whose daughter was amongst the 229 victims on board Swissair flight 111, is calling on Nova Scotia’s regional government to deny the…

Bilateral Accords set to liberalise Swiss air travel

This content was published on May 19, 2000 The agreements will give Swiss airlines access to the EU’s deregulated aviation market and allow them to establish new routes. “It will completely open the skies,” says Pierre Jobin, director-general of Geneva International Airport. “Any Swiss airline will have the opportunity to fly to any European city, as often as it likes, with any capacity…

Swisscom repeats expectations of higher net profit

This content was published on May 19, 2000 However, in an interim report of its first quarter figures, the company says increasing pressure on its margins will result in a lower operating result. Swisscom, which is still majority owned by the Swiss Confederation, reported that revenues were up 31 per cent to SFr 3.4 billion after the first three months. However, without consolidation…

Swiss wages fall despite strengthening economy

This content was published on May 18, 2000 The latest figures from the Federal Statistics Office suggest that 1999 was a bad year for Swiss wage earners. Real earnings declined by 0.6 per cent, while nominal income – wages that have not been adjusted to take account of inflation – was virtually stagnant, compared to rises of 0.5 per cent in 1997, and…

Councillor calls for low budget Lausanne

This content was published on May 18, 2000 The Social Democrat councillor, Grégoire Junod, has proposed that the city authorities look into setting up a network of bed and breakfast accommodation. He has suggested a three-step approach: canvass opinion to find out how many people are prepared to open up their homes to outsiders; draw up a contract guaranteeing minimum standards; and finally,…

This week Robert Brookes finds out everything anyone would want to know about the 8:47 train to Zurich and more

This content was published on May 18, 2000 Although 180,000 people will buy the two-volume work for its mass of detail on railways, cableways, boats and buses, modern technology has pushed sales down by a half over the last few years. Much of the information can be found now via the Internet. “Many people have a PC and the Internet at home. It’s…

Tourism becomes light at the end of tunnel

This content was published on May 18, 2000 The La Presta asphalt mine in the western Travers valley was once the world’s only source of the substance. Even though mining operations came to an end years ago, tourism has become the light at the end of the tunnel. An average of 21,000 people a year go underground at the site. That is a…

Switzerland shelves inquiry into VW

This content was published on May 18, 2000 The competition commission launched the investigation at the end of 1997, when prices for new cars in Switzerland were between 10 and 20 per cent higher than in Italy. “We had strong evidence which led us to open the inquiry two years ago,” said the commission’s president, Roland von Bueren. “But in the meantime, a…

Swiss petrol prices to rise once more

This content was published on May 18, 2000 Together, the increases mark a five per cent increase in the price of petrol within only eight days. The oil companies gave the same reasons for the new increase as for last week’s rise. They said they were merely passing on a sudden rise in prices on the market in Rotterdam. The increase was due…

Banking & Fintech

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Banking & Fintech

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The business week in Switzerland

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Search for Swissair diamonds angers relatives

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Bilateral Accords set to liberalise Swiss air travel

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Swisscom repeats expectations of higher net profit

More

Swiss wages fall despite strengthening economy

More

Councillor calls for low budget Lausanne

More

This week Robert Brookes finds out everything anyone would want to know about the 8:47 train to Zurich and more

More

Tourism becomes light at the end of tunnel

More

Switzerland shelves inquiry into VW

More

Swiss petrol prices to rise once more

Popular Stories

Most Discussed