Banking & Fintech

Air-traffic disrupted by new flight control equipment in Switzerland

This content was published on Jun 30, 1999 Thousands of airline passengers were affected by flight cancellations and hours of delay at Zurich airport on Wednesday due to a major glitch with new air-traffic control equipment. The computer problems came at the worst possible time as the summer holiday season was getting under way and passenger numbers were clearly on the increase. “Today…

Switzerland, South Korea boost economic cooperation

This content was published on Jun 30, 1999 Swiss Economics Minister Pascal Couchepin and the South Korean ambassador to Switzerland Soon-Tae Kwon have signed a comprehensive economic agreement which will include Swiss-South Korean cooperation at the World Trade Organisation. The Swiss economics ministry said the accord, signed in the capital Berne late Tuesday, marked Switzerland’s first such cooperation agreement with an Asian nation…

Swiss industry barely increases production in first quarter

This content was published on Jun 29, 1999 Newly released figures for Swiss industry showed that production went up only barely in the first quarter of this year, increasing by a mere 0,3 percent over last year’s figures. The industry data, released by the Federal Office for Statistics on Tuesday, said the sluggish performance was due to sagging output in the machine industry,…

IEA praises Swiss efforts to reduce carbon dioxide emissions

This content was published on Jun 28, 1999 The International Energy Agency on Monday praised Switzerland’s efforts to reduce carbon dioxide emissions and recommended swift deregulation of the electricity and gas market to further help reduce CO2 emissions. IEA Executive Director Robert Priddle underlined that Switzerland already had the lowest CO2 emissions of all 24 IEA member states due to its use of…

Orange enters mobile telephone market

This content was published on Jun 28, 1999 Orange Communications has become the third company to enter Switzerland’s mobile telephone market. The Lausanne-based company said its nationwide network will cover about 90 percent of the population at the start of operation today Tuesday. To achieve this coverage, Orange will initially share parts of the network with the market leader Swisscom. Reports say the…

SAir Group to buy 20 percent stake in South African Airways

This content was published on Jun 25, 1999 In a speech to the South African parliament, Mbeki said the SFr350 million ($230 million) deal was part of the partial privatisation of the airline. “We are very happy with the result and convinced that it will lead to in the highest possible gains for our county,” said Mbeki. He added that the agreement would…

Fight against inflation should be a priority, says Swiss Bankers Association

This content was published on Jun 25, 1999 The Swiss government should keep a check on inflation as its top economic priority, said the Swiss Bankers Association. That was one of the points contained in a working paper put forward by the Association in Berne on Friday. The Association said using monetary policy to create jobs and promote growth was not a desirable…

Swiss economy suffers major long-term damage due to winter avalanches

This content was published on Jun 24, 1999 This past winter’s avalanches severely affected the economies of Switzerland’s alpine regions, cutting some industry profits by 25 percent and causing a shortage in investments for the region. The Swiss Working Group for alpine regions – an organisation focusing on the economic development of Switzerland’s mountain regions – said that 350 avalanches not only killed…

Swiss Cablecom to be sold

This content was published on Jun 23, 1999 Switzerland’s leading cable network operator Cablecom is being sold. The announcement was made by the telecommunications company Swisscom – which owns a third of Cablecom. Swisscom said it and the two other main shareholders – the German companies Veba and Siemens – were selling their respective one-third stakes. The new shareholders will have to take…

Swiss ambassador calls for closer relations with the United States

This content was published on Jun 23, 1999 The Swiss ambassador to Washington Alfred Defago on Wednesday called on Swiss captains of industry to forge closer relations with the United States, saying the U.S. was a trade partner of vital importance for this country. Defago, addressing the Swiss-U.S. Chamber of Commerce in Zurich, called on Swiss industry as well as the government to…

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Banking & Fintech

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Air-traffic disrupted by new flight control equipment in Switzerland

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Switzerland, South Korea boost economic cooperation

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Swiss industry barely increases production in first quarter

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IEA praises Swiss efforts to reduce carbon dioxide emissions

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Orange enters mobile telephone market

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SAir Group to buy 20 percent stake in South African Airways

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Fight against inflation should be a priority, says Swiss Bankers Association

More

Swiss economy suffers major long-term damage due to winter avalanches

More

Swiss Cablecom to be sold

More

Swiss ambassador calls for closer relations with the United States

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