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Interest rates expected to rise in Switzerland

This content was published on Jun 13, 2000 In the first quarter of this year, the economy grew by four per cent, with the unemployment rate falling to 1.9 per cent in May – an eight year low. “The fact that the Swiss economy is doing pretty well leads to one conclusion,” Andreas Huffert, economist at Warburg Dillon Reed, told swissinfo, “There might…

This week in business

This content was published on Jun 13, 2000 Any increase would be seen as an effort to curb inflationary pressure within Switzerland, and would also offer the Swiss franc support against the US dollar. The franc has been moving higher against the US unit as the economic recovery in North America slows, this in turn is helping the euro find its feet against…

Swiss Casinos inaugurates its first Swiss hotel in Las Vegas

This content was published on Jun 12, 2000 The brand new “Regent Las Vegas”, situated on 22 hectares of parklands, is a luxury hotel complete with artificial rivers and palm groves. It includes an Ancient Egyptian complex, in keeping with the Las Vegas tradition of theme hotels. The hotel has 560 rooms, a rather modest number in comparison with some other hotels in…

Tobacco and alcohol advertising outlawed in Geneva

This content was published on Jun 10, 2000 The new laws governing advertisements for tobacco products and certain alcoholic drinks were only finalised after three debates. Several amendments were necessary to reach a final version. The sticking point was the definition of strong alcoholic beverages. Eventually, the councillors agreed on the formula that anything above 15 per cent proof constituted “strong” alcohol and…

A strange encounter with Michelle Pfeiffer

This content was published on Jun 9, 2000 It isn´t cosy; hardly warm and welcoming; and the stairwells leading up to the rooms are cold, grey concrete. But that´s the whole point. Lucerne´s über-trendy ‘The Hotel’ is for the non-traditional guest, who´s looking for a non-traditional but top-class Swiss hotel. The reason the stairwells have been deliberately left in their raw state, is…

European Union sees eye-to-eye with Switzerland on taxing interest

This content was published on Jun 9, 2000 Although Bolkestein said Switzerland’s bank secrecy laws did not contravene EU policy on interest taxation, there was still pressure on Switzerland to stop being a haven for European tax dodgers. The European Union wants to close the loophole which costs billions of Euro in lost tax revenue each year. The losses are incurred when people…

Swiss government is told to change its economic and social policies

This content was published on Jun 9, 2000 The last World Social Summit was held in Copenhagen in 1995 at which hundreds of government representatives agreed on a common policy to tackle poverty, unemployment and social exclusion. The Geneva summit aims to take stock of what has been achieved since Copenhagen. The Swiss working group is already sounding the alarm bells ahead of…

The business week in Switzerland

This content was published on Jun 9, 2000 Switzerland’s jobless rate fell to just 1.9 per cent in May, the lowest figure in more than eight years. The figure for April was 2.1 per cent. Announcing the news, the economics minister, Pascal Couchepin, said he expected a further decline over the coming months. The Swiss franc traded at near two-month highs against the…

Unemployment dips below 2 per cent

This content was published on Jun 9, 2000 The economics minister, Pascal Couchepin, said the figures represented an important moment for the Swiss economy. He said the exceptional figures were partly due to current economic conditions, but that the flexibility of the labour market, stable labour relations and the quality of training were also responsible. Looking at the regional figures, the ministry said…

European bourses seek ways of reducing wild share price fluctuations

This content was published on Jun 9, 2000 European bourses are to issue new guidelines for regulators and antitrust officials on releasing share-sensitive news to minimise wild price swings. “The euro has created such a merger and acquistions market that the issue of releasing sensitive information is becoming more and more urgent,” said Paul Arlmann, the secretary-general of FESE. News from regulators about…

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Interest rates expected to rise in Switzerland

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This week in business

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Swiss Casinos inaugurates its first Swiss hotel in Las Vegas

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Tobacco and alcohol advertising outlawed in Geneva

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A strange encounter with Michelle Pfeiffer

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European Union sees eye-to-eye with Switzerland on taxing interest

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Swiss government is told to change its economic and social policies

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The business week in Switzerland

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Unemployment dips below 2 per cent

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European bourses seek ways of reducing wild share price fluctuations

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