Cluster: Archive

Swiss bankers speak out against concessions to EU

This content was published on Jan 18, 2001 At a news conference in Bern, the Swiss Private Bankers Association warned that it would be a “catastrophe”, if any hasty concessions were made to the European Union in its fight against tax evasion. Tax evasion is not a crime in Switzerland, as it is in many other countries. Jacques Rossier from the bankers Darier…

Swiss economy to remain buoyant

This content was published on Jan 18, 2001 The survey of around 3,600 companies shows that most expect the healthy economic environment to continue in 2001 though growth is not expected to remain at the exceptional rate seen last year. The most optimistic sectors are information technology and telecommunications, electronics and the food industry. The financial sector also expects a good year. The…

Sulzer orders head up

This content was published on Jan 18, 2001 The separately listed Sulzer Medica unit saw its orders rise 14 per cent to SFr1.35 billion. Sulzer said it expected operating income to rise significantly in the year 2000 but added that it would incur substantial restructuring costs. Sulzer announced a major reorganisation last year that involved the sales of five technical divisions which account…

Defence ministry orders plutonium tests for NATO ammunition

This content was published on Jan 18, 2001 Samuel Schmid, the defence minister, ordered the government’s weapons laboratory in the town of Spiez to conduct the tests following a report from Zurich’s Federal Institute of Technology, which suggested that plutonium might be present in DU weapons. NATO used the ammunition in the Balkans to destroy Serb tanks. Earlier this month, its use became…

Richemont sales growth slows

This content was published on Jan 18, 2001 The fiscal third-quarter includes the key Christmas season for Richemont, which owns prestigious brands such as Cartier, Montblanc and Alfred Dunhill. The company said 1999’s third quarter sales had been particularly strong because of the run-up to the millennium celebrations. “The growth of 21 per cent was very much in line with our expectations and…

Swiss banks implicated in Italian money laundering scandal

This content was published on Jan 18, 2001 So far, the Italian police have arrested ten people and premises in Switzerland have been searched. Financial institutions in Zurich, Geneva and Lugano are believed to have been involved in the money laundering before the end of 1999. The affair involves an entrepreneur from Naples who ran an import-export company, Italgrani, dealing in cereals. Using…

Swiss lab finds enriched uranium in munitions from Kosovo

This content was published on Jan 17, 2001 The UNEP said the laboratory in Spiez, canton Bern, had found traces of uranium 236 in weapons used by Nato during its campaign. But it said the quantities found were so small that the munitions were no more dangerous than those containing only depleted uranium. “I can confirm that the Swiss found isotope U-236,” UNEP…

Bankruptcies fall again in 2000

This content was published on Jan 17, 2001 The Creditreform organisation of St Gallen, which defends the interests of creditors, says 8,313 cases were recorded last year. The number of companies going bankrupt went down by 8.4 per cent to 3,842 but the number of private individuals falling into financial difficulties rose by 4.1 per cent to 4,471. Creditreform said on Wednesday that…

British group creates jobs in Biel

This content was published on Jan 17, 2001 Ecom will invest about SFr100 million ($61 million) in the centre, which will offer a range of services to multinational companies and financial institutions. The mayor of Biel, Hans Stöckli, said the arrival of Ecom would strengthen the town’s reputation in the communications sector. Biel is also home to the Federal Communications Office and has…

Swiss franc holds its own against big currencies

This content was published on Jan 17, 2001 Gehrig was speaking to the Swiss-American Chamber of Commerce in Zurich. “Two years of experience with the euro has taught us that living as a dwarf moving among giants is a reasonable strategy,” he said. “It has allowed us to implement our own policy and at the same time to retain our traditional interest rate…

Cluster: Archive

Popular Stories

Most Discussed

Cluster: Archive

More

Swiss bankers speak out against concessions to EU

More

Swiss economy to remain buoyant

More

Sulzer orders head up

More

Defence ministry orders plutonium tests for NATO ammunition

More

Richemont sales growth slows

More

Swiss banks implicated in Italian money laundering scandal

More

Swiss lab finds enriched uranium in munitions from Kosovo

More

Bankruptcies fall again in 2000

More

British group creates jobs in Biel

More

Swiss franc holds its own against big currencies

Popular Stories

Most Discussed