Banking & Fintech

Zschokke shows evidence of recovery in construction industry

This content was published on Apr 26, 2000 One of Switzerland’s largest construction groups, the Geneva-based Zschokke company, has announced a three-fold increase in profits in 1999 compared to the previous year. The result is further evidence that the industry, one of the worst affected by the recession in the 1990s, is now firmly on the path to recovery. Zschokke on Wednesday unveiled…

Zurich bourse awaits results of merger talks

This content was published on Apr 25, 2000 The Swiss stock exchange is nervously awaiting the outcome of merger negotiations between its competitors in London and Frankfurt. The discussions have entered a crucial phase, with the German bourse keen to have the merger agreed before shareholder meeting on May 4. Analysts say the partnership, if it happens, will probably see blue chips traded…

Watch industry continues upwards trend

This content was published on Apr 25, 2000 The Swiss watch industry continues to boom, with latest figures showing “a flying start to the new year”. The Federation of the Swiss Watch Industry in Biel reports that exports soared to just under SFr751 million in February, a year-on-year rise of over 23 per cent. “The euphoric period which began for the Swiss watch…

Swatch Group adds Jaquet-Droz to its luxury sector

This content was published on Apr 25, 2000 Switzerland’s largest watchmaking concern, the Swatch Group, has purchased another luxury watch manufacturer – Montres Jaquet-Droz, based near Lausanne. A statement from the group’s headquarters in Biel gave no details of the purchase price but said that all the company’s employees would be maintained. “This acquisition fits very well in the luxury segment of the…

Ticinese politician, Bignasca, has debts of SFr67 million

This content was published on Apr 24, 2000 The head of canton Ticino’s right-wing political party, Guiliano Bignasca, has a mountain of debts, totalling SFr67 million. The chief of the Lega dei Ticinesi made no secret of his financial situation, when he told the Swiss press most of his debts were due to bank loans. Bignasca’s SFr67 million mountain of debts is made…

Avalanche claims one life in canton Valais

This content was published on Apr 24, 2000 An avalanche near the Great St Bernard Pass in canton Valais has claimed the life of a French skier and left two others with minor injuries.The avalanche which came down on Monday buried three off-piste skiers. The police in canton Valais said the avalanche struck at 8.40 a.m. at over 2,400 metres above-sea-level. The three…

Aid for drought-hit areas of Ethiopia

This content was published on Apr 24, 2000 A member of Switzerland’s Development Agency says it is vital for the people threatened by drought in Ethiopia that the international community, donors and the local authorities co-ordinate their efforts to avoid a repeat of the famine in 1984/5. Jürg Zumstein, programme coordinator for the Horn of Africa with the Development Agency said there were…

Swissair asks LTU workers to accept pay cut

This content was published on Apr 23, 2000 Switzerland’s SAir group, says workers at the German tourism company, LTU, of which it owns nearly 50 per cent, have been asked to accept a ten per cent pay cut as part of a rescue package. SAir group’s Beatrice Tschanz said workers would be asked to accept reduced pay for six to 18 months, and…

Father and son killed in helicopter crash

This content was published on Apr 22, 2000 Canton Glarus police have identified the two men killed in a helicopter crash on Good Friday as a father and his son. The son had been piloting the aircraft when it crashed into a snowfield in the Vorab region. The 45-year-old son is thought to have been attempting to land on a mountain landing spot…

Sweet-toothed Swiss munch through 4100 tonnes of chocolate bunnies and eggs

This content was published on Apr 21, 2000 The Easter bunny has brought Swiss chocolate manufacturers a special present – sales have shot up over the holiday period to an estimated 4100 tonnes. However, the Federation of Swiss Chocolate Manufacturers, Chocosuisse, said sales did not beat the record set in 1997, when 4250 tonnes of chocolate were sold. Chocosuisse director, Franz Schmid, said…

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Banking & Fintech

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Zschokke shows evidence of recovery in construction industry

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Zurich bourse awaits results of merger talks

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Watch industry continues upwards trend

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Swatch Group adds Jaquet-Droz to its luxury sector

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Ticinese politician, Bignasca, has debts of SFr67 million

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Avalanche claims one life in canton Valais

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Aid for drought-hit areas of Ethiopia

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Swissair asks LTU workers to accept pay cut

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Father and son killed in helicopter crash

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Sweet-toothed Swiss munch through 4100 tonnes of chocolate bunnies and eggs

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