Banking & Fintech

Switzerland suspends nuclear shipments to Britain

This content was published on Mar 24, 2000 Switzerland’s Federal Nuclear Energy Inspectorate has suspended all shipments of nuclear fuel rods to Britain’s Sellafield reprocessing plant, following growing concerns over security lapses. The institute says it will only allow shipments to resume once the British have shown significant improvements to Sellafield’s safety record. Similar bans have been imposed by Germany and Sweden. Sellafield…

Low voltage plan to bring the Internet into every home

This content was published on Mar 23, 2000 The Ascom telecommunications group reports that it is extending its field trials in one of the most future-oriented technologies – telecommunications over low-voltage power supply cables. The new technology, known as Powerline Communications (PLC) is considered promising for connecting households, and small and medium-sized enterprises. PLC offers fast access to telecommunications networks, with its speed…

Glittering Basel 2000 jewellery and watch exhibition opens its doors

This content was published on Mar 23, 2000 The world’s leading show for watches, clocks and jewellery has opened its doors in Basel against a background of change and innovation. During the next week, about 2,400 exhibitors from 41 countries are presenting their collections to 80,000 trade visitors. Basel 2000 is taking place at a time of confidence, particularly for the Swiss watch…

The Swiss National Bank surprises financial markets by new rate rise

This content was published on Mar 23, 2000 The SNB increased its target range for its three month London Interbank Offered Rate (LIBOR) by 75 points to 2.5 to 3.5 per cent. It said it wanted to keep market rates in the middle of the new range. Its statement said that economic growth was now forecast to be well above the two per…

Swisscom profits rise despite competition

This content was published on Mar 22, 2000 Despite increased competition in the telecommunication market, Swisscom has recorded a large increase in its net income for 1999, benefiting mainly from acquisitions and sell-offs. Net income rose 54 per cent to SFr2.4 billion. Turnover increased by 6.7 per cent, thanks to the purchase of the German mobile phone operator, Debitel. Operating income before those…

Economy to continue growing

This content was published on Mar 22, 2000 Forecasts for the Swiss economy are looking increasingly optimistic. The first quarterly report published this year by Switzerland’s main employers organisation is predicting growth of up to 2.2 per cent for the economy in 2000. The forecast is much the same as in the last outlook released in December, but the overall tone of the…

Swissair resumes flights to Belgrade

This content was published on Mar 22, 2000 Swissair is resuming its service to Belgrade for the first time since it was suspended a year ago. It is the first western European airline to restart its regular service since the end of the war in Kosovo. Swissair had planned to resume flights to the Yugoslav capital last month but decided on a delay…

Clariant boosts earnings

This content was published on Mar 21, 2000 The Swiss speciality chemicals group, Clariant, has revealed a seven per cent rise in profits in 1999 to SFr553 million. The group said it would increase its dividend from SFr9 to SFr10 per registered share. The increase in profit was achieved despite a modest one per cent increase in turnover last year, to SFr9.1 billion,…

A sea change in Swiss attitudes to motoring

This content was published on Mar 21, 2000 Attitudes to motoring and road construction are undergoing a sea change in Switzerland.For the first time in years, a major expansion of the country’s road network has stood a chance in parliament. The 1980s and 90s were the era of the ecologists. Parliament even called in a special session in the mid-eighties to debate forest…

Swissair resumes flights to Belgrade

This content was published on Mar 21, 2000 Swissair is resuming its service to Belgrade for the first time since it was suspended a year ago. It is the first western European airline to restart its regular service since the end of the war in Kosovo. Swissair had planned to resume flights to the Yugoslav capital last month but decided on a delay…

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Banking & Fintech

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Switzerland suspends nuclear shipments to Britain

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Low voltage plan to bring the Internet into every home

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Glittering Basel 2000 jewellery and watch exhibition opens its doors

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The Swiss National Bank surprises financial markets by new rate rise

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Swisscom profits rise despite competition

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Economy to continue growing

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Swissair resumes flights to Belgrade

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Clariant boosts earnings

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A sea change in Swiss attitudes to motoring

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Swissair resumes flights to Belgrade

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