Banking & Fintech

Health insurance costs expected to increase again

This content was published on Sep 7, 1999 Health insurance costs, which already pose a major financial burden for most Swiss families, are expected to rise again next year, with analysts forecasting an average increase of 3 to 4 percent for basic insurance. Basic insurance – as opposed to supplementary insurance service — is compulsory for people living in Switzerland. The Federal Social…

Zurich announces first-half profits up 17 percent

This content was published on Sep 6, 1999 (AP) — Zurich Financial Services, formed from the merger of Zurich Insurance Co. with the financial arm of British American Tobacco, said Monday its net first half-profit rose by 17 percent on last year to $1.687 billion. Last year’s first-half profit was $1.44 billion. Operating income also rose 17 percent, to $2.539 billion from $2.168…

Switzerland holds memorial services for Flight 111 crash victims

This content was published on Sep 3, 1999 Families, friends and relatives of those who died in the tragic Swissair Flight 111 attended memorial services and concerts in the Swiss cities of Geneva and Zurich on Friday to mark the anniversary of the crash off Nova Scotia a year ago. The 46,000 workers of the SAir Group, which includes Swissair, observed a minute…

Swissair crash victims to be remembered in Switzerland

This content was published on Sep 3, 1999 After a candlelight vigil in Canada, families, friends and relatives here in Switzerland will hold memorial services in Zurich and Geneva later on Friday to mark the anniversary of the Swissair Flight 111 crash a year ago. Memorial concerts and services are planned for this afternoon in Zurich and Geneva. A simultaneous ceremony will also…

Differences remain over Swiss-EU accords

This content was published on Sep 3, 1999 A special parliamentary debate on the bilateral accords signed between Switzerland and the European Union has failed to resolve all remaining differences, even though some compromise was reached on environmental and labour issues. The sensitive political and economic accords were signed by Switzerland and the EU in June but still have to be ratified by…

Swiss exports to United States reach record level

This content was published on Sep 2, 1999 Switzerland’s economic relations saw a major boost in the past year as both exports and investments increased significantly. According to new figures released by the Swiss Chamber of Commerce on Thursday, exports increased by 7.5 percent to total a record SFr12.3 billion ($8.2 billion) in 1998. This makes the United States the second most important…

Swiss president to express thanks, condolences at Swissair crash memorial

This content was published on Sep 2, 1999 Canadian Prime Minister Jean Chrétien and Swiss President Ruth Dreifuss are expected to attend Thursday’s public memorial ceremony marking the anniversary of the tragic Swissair Flight 111 crash off Nova Scotia. At the ceremony in Halifax, Dreifuss will express Switzerland’s thanks to all those involved in the rescue efforts, including the rescue teams and the…

Burial services for Swissair Flight 111 victims

This content was published on Sep 2, 1999 (Reuters) — Hundreds of relatives and friends of the 229 people killed in the crash of Swissair Flight 111 gathered for solemn burial services under a brilliant blue sky at a memorial site near this Canadian Atlantic coast hamlet. The victims died when the passenger jet plunged into the Atlantic Ocean a year ago. An…

Gerashchenko says Russia used IMF funds properly

This content was published on Sep 1, 1999 The chairman of Russia’s central bank, Viktor Gerashchenko, on Wednesday denied claims that billions of dollars from the International Monetary Fund had been improperly used. Gerashchenko, speaking in Zurich, said the money from the IMF was used correctly to support budgetary revenues, and he dismissed suggestions they had been siphoned off as part of a…

Families bury Swissair disaster victims

This content was published on Sep 1, 1999 The families of the 229 victims of Swissair Flight 111 were burying their dead Wednesday in private memorial services.The casks containing the unidentified remains of the passengers were buried at, Bayswater and Whalesback, two locations near Peggy’s Cove, which overlooks the crash site 10 kilometres out in the Atlantic Ocean. The coffins, which arrived in…

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Banking & Fintech

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Health insurance costs expected to increase again

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Zurich announces first-half profits up 17 percent

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Switzerland holds memorial services for Flight 111 crash victims

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Swissair crash victims to be remembered in Switzerland

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Differences remain over Swiss-EU accords

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Swiss exports to United States reach record level

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Swiss president to express thanks, condolences at Swissair crash memorial

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Burial services for Swissair Flight 111 victims

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Gerashchenko says Russia used IMF funds properly

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Families bury Swissair disaster victims

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