Banking & Fintech

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…

Davos agenda extends beyond business and politics

This content was published on Jan 26, 2000 Much of the debate in Davos will concentrate on business, but plenty of other issues will come under the spotlight. The first day will see presentations on key economic and geo-political issues before the summit’s formal opening in the evening. The first sessions will focus on outlining some of the main themes. Much attention will…

New technology brings advice and help to delegates at Davos

This content was published on Jan 26, 2000 Participants at this year’s annual meeting of the World Economic Forum in Davos (January 27 – February 1) have a novel means of finding their way around in the Swiss Alpine resort. A new generation of mobile phones available for hire will provide them with a “location finder” as well as news, weather forecasts and…

Working groups to look into how to spend gold reserves

This content was published on Jan 26, 2000 The government has set up three working groups to look into proposals for using 1,300 tonnes of excess gold held by Swiss National Bank. The groups will discuss ideas put forward by the cabinet itself and the cantons, and report back to the government by the end of April. Last week, the government said it…

Ascom revenues fail to keep pace with profits

This content was published on Jan 26, 2000 The telecommunications group, Ascom, says its revenues increased by ten per cent last year to SFr3 billion. Incoming orders were up seven per cent to SFr2.96 billion. Ascom has already revealed that net profit in the first half of 1999 jumped by 95 per cent to SFr39 million. First-half sales had been up seven per…

Herbal remedy takes root in US

This content was published on Jan 26, 2000 A little-known Swiss company is having success with the production of a herbal remedy based on a traditional Tibetan medicinal formula. Padma has been on the market in Europe for years, but has now been given the go-ahead to sell its main product in the United States. Padma’s US representative, Martin Wolf, told Swiss Radio…

Interactive atlas offers new way of looking at Switzerland

This content was published on Jan 25, 2000 Cartographers in Switzerland have added a new dimension to the way the country can be viewed. A new CD Rom allows the viewer to zoom into a three-dimensional landscape, where they can see how population statistics change, or inspect the lay of the land from altitudes as high as 7,000 metres. This new way of…

Luxury Luxor hotel helps Mövenpick boost bottom line

This content was published on Jan 25, 2000 The Mövenpick group has announced that sales rose 11 per cent to SFr1.26 billion last year. The company, which owns a chain of restaurants, hotels and makes premium foods, described the result as “very satisfactory”. “Hotels and resorts have been especially successful in the Middle East, where Egypt is recovering very quickly, that was fantastic…

Swisscargo split from Delta Air Cargo

This content was published on Jan 25, 2000 Swisscargo, a unit of the SAir Group, has announced that it is ending its co-operation deal with Delta Air Cargo from February 29. The move is part of the decision late last year by Delta Airlines to cancel its alliance with SAir, Swissair’s parent company. SAir Group and Delta Airlines had been working together since…

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Banking & Fintech

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Forbo flooring group breaks new sales ground

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Ban on antibiotics in animal feed leads to rise in diseases

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Davos agenda extends beyond business and politics

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New technology brings advice and help to delegates at Davos

More

Working groups to look into how to spend gold reserves

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Ascom revenues fail to keep pace with profits

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Herbal remedy takes root in US

More

Interactive atlas offers new way of looking at Switzerland

More

Luxury Luxor hotel helps Mövenpick boost bottom line

More

Swisscargo split from Delta Air Cargo

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