Banking & Fintech

NGOs to step up monitoring of World Economic Forum

This content was published on Jan 28, 2000 Non-governmental organisations in Switzerland have launched a new project designed to keep a watchfull eye on global economic issues. The new idea was made public at the World Economic Forum’s annual meeting in Davos. Organisations such as the Berne Declaration, Pro Natura and others launched the project “The Public Eye on Davos” at a news…

WEF meeting told to rethink globalisation

This content was published on Jan 28, 2000 Leading businessmen at the World Economic Forum’s annual meeting in Davos have indicated it is time to rethink the impact of globalisation. “Seattle has given us a wake-up call,” said the Hong Kong businessman, Ronnie Chan, at a plenary session on Friday. The session was considering ways of ensuring that globalisation doesn’t create a society…

Chips are down for Tege

This content was published on Jan 28, 2000 The Swiss maker of vending machines for French fries, Tege, says it expects to make a loss of SFr11 million in 1999. Tege said the losses were within expectations, and that it still aimed to make a profit by the end of 2001. Tege, based in St. Légier in canton Vaud, said it was concentrating…

Swatch clocks up record turnover

This content was published on Jan 28, 2000 The world’s largest watch manufacturer, Swatch, has clocked up a new record in turnover. The Biel-based company said turnover rose by 10.9 per cent over the last year, up to SFr3,626 billion, while profits are expected to go up by a fifth. Sales of finished watches went up by more than 14 per cent. One…

Sweet results for chocolate-maker Lindt & Sprüngli

This content was published on Jan 28, 2000 The Swiss chocolate manufacturers, Lindt & Sprüngli, has announced a 7.1 per cent increase in sales in 1999, to SFr1.44 billion. The group said it expected an even larger increase in profits. Lindt said its sales were up from SFr 1.34 billion in 1998. It said the group had grown faster than the chocolate market…

Swiss President opens Davos summit with call for “responsible globalisation”

This content was published on Jan 27, 2000 The World Economic Forum’s annual meeting in Davos has been officially opened by the Swiss president, Adolf Ogi. He called on the assembled political and business leaders to proceed with globalisation in a responsible manner. Ogi told the international gathering in the mountain resort of Davos that “it is up to you to ensure free-trade…

Davos survey predicts strong growth but widening inequalities

This content was published on Jan 27, 2000 Top business leaders attending the World Economic Forum summit say they are confident about the outlook for the world economy. But half of them said they believed the Internet would widen the gap between rich and poor. The survey, by the consultancy firm Pricewaterhouse-Coopers, canvassed the opinions of more than 1,000 top business leaders attending…

Switzerland joins efforts to end European air traffic chaos

This content was published on Jan 27, 2000 Switzerland is to participate in efforts to end Europe’s air traffic chaos, when European transport ministers meet in Brussels today. The European Commission called the meeting, after it was revealed that nearly a third of all flights in Europe were delayed last year. Faced with a growing clamour from airlines, business travellers and holidaymakers, the…

Forbo flooring group breaks new sales ground

This content was published on Jan 27, 2000 The Forbo Group, with worldwide operations in flooring and industry specialties, reports that sales last year went up by 2.3 per cent to reach SFr1.874 billion francs. A statement from company headquarters in Eglisau near Zurich said Forbo expected a “significant improvement” in group profit over the previous year. But Forbo said the improved result…

Ban on antibiotics in animal feed leads to rise in diseases

This content was published on Jan 27, 2000 The Swiss Veterinary Office says a ban on antibiotics in animal feed has led to increase in diseases among slaughter animals. But the office said the rise had been expected, and would taper off as animals developed resistance. The Federal Veterinary Office issued the report six months after Switzerland became the second European country, after…

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NGOs to step up monitoring of World Economic Forum

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WEF meeting told to rethink globalisation

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Chips are down for Tege

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Swatch clocks up record turnover

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Sweet results for chocolate-maker Lindt & Sprüngli

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Swiss President opens Davos summit with call for “responsible globalisation”

More

Davos survey predicts strong growth but widening inequalities

More

Switzerland joins efforts to end European air traffic chaos

More

Forbo flooring group breaks new sales ground

More

Ban on antibiotics in animal feed leads to rise in diseases

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