Banking & Fintech

Swiss spend nine hours a week online

This content was published on Dec 14, 1999 Swiss Internet users spend nine hours per week online, and nearly half of all Swiss users have already bought goods and services via the Internet, according to a new poll. The research was carried out by leading market research company Wemf and published on Tuesday. The poll found that Internet users spend just over one…

Ciba Specialty Chemicals sells polymers division

This content was published on Dec 14, 1999 (AP) — Ciba Specialty Chemicals said on Tuesday it is selling its performance polymers division to Morgan Grenfell Private Equity for SFr1.845 billion ($1.17 billion). Ciba said it will use the money from the sale “to repay debt and for corporate development purposes.” The deal should be completed in the first quarter of 2000, it…

Unions want capital gains tax, 36-hour week

This content was published on Dec 14, 1999 The Swiss Trade Union Federation has presented two political initiatives aimed at reducing the working week to 36 hours and introducing a capital gains tax. The documents were presented to the federal authorities as part of a first step toward a national vote on introducing legislation that would make Switzerland a “more socially just” country,…

Switzerland approves international nuclear safety convention

This content was published on Dec 14, 1999 The Swiss parliament on Tuesday ratified an international convention aimed at improving safety in nuclear fuel and waste management. The House of Representatives followed the Senate and unanimously approved ratification of the Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management. Sixty-two states have already adopted the…

Switzerland’s attractiveness, foreign policy top agenda 2000

This content was published on Dec 13, 1999 The Swiss government on Monday outlined its priorities for 2000, saying it would work toward stronger representation of Swiss interests abroad and making the country a more attractive place to live, work and invest. “The recession has been overcome, unemployment is on the decline and economic prospects are good,” said the government. It added that…

NTL acquires Swiss cable market leader Cablecom

This content was published on Dec 13, 1999 Switzerland’s leading cable network operator Cablecom is sold to British broadband telecommunications company NTL for SFr5.8 billion ($3.7 million), Cablecom management said on Monday. Cablecom’s three main shareholders — Switzerland’s Swisscom and German companies Siemens and Veba — said they were selling their respective one-third stakes in Cablecom. A workforce of 1.300 and 1.3 million…

U.N. conference adopts landmark toxic waste liability accord

This content was published on Dec 10, 1999 A U.N. conference on hazardous waste on Friday adopted a landmark protocol that sets up a liability fund that will allow Third World nations to cover clean-up costs in cases of accidents. Approval of the protocol came on the last day of a week-long conference in the Swiss city of Basel, where delegates also decided…

Swiss National Bank tightens and changes monetary policy

This content was published on Dec 10, 1999 The Swiss National Bank said Friday that it expects inflation to pick up to 1.5 percent next year from around 1 percent in 1999 and that it will tighten its monetary policy somewhat. “The national bank continues to support the economic upswing in Switzerland with its policy,” the central bank said, “without jeopardizing price stability…

Switzerland wants toxic waste disposal help for Third World

This content was published on Dec 9, 1999 The Swiss Environment Minister Moritz Leuenberger on Thursday underlined the need for industrialised nations to assist Third World countries better in the disposal of toxic waste. Addressing a U.N. conference on hazardous waste in the Swiss city of Basel, Leuenberger said that tonnes of toxic materials had been exported to developing nations over the years,…

Swiss economy shows robust growth

This content was published on Dec 9, 1999 The Swiss economy is growing faster than anticipated. After several gloomy years at the start of the 1990s, the economy is ending the millennium on an upbeat note. The rise in consumer spending and a big boost for exports in the third quarter of this year are the main reasons for the positive performance. Switzerland’s…

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Banking & Fintech

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Swiss spend nine hours a week online

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Ciba Specialty Chemicals sells polymers division

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Unions want capital gains tax, 36-hour week

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Switzerland approves international nuclear safety convention

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Switzerland’s attractiveness, foreign policy top agenda 2000

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NTL acquires Swiss cable market leader Cablecom

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U.N. conference adopts landmark toxic waste liability accord

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Swiss National Bank tightens and changes monetary policy

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Switzerland wants toxic waste disposal help for Third World

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Swiss economy shows robust growth

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