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Yellow giant moved too slowly for Reto Braun

This content was published on Jan 11, 2000 Monday’s resignation of the head of the postal service, Reto Braun, is a sign that American-style restructurings do not necessarily spell success in Switzerland, according to industry analysts. Braun is leaving Swiss Post after only 16 months in office. He took over in the summer of 1998 after a scandal led to the resignation of…

Pressure groups launch campaign against World Economic Forum meeting

This content was published on Jan 11, 2000 Two Swiss lobby groups have launched a campaign to make the annual meeting of the World Economic Forum in Davos more transparent. The Berne Declaration and Pro Natura say the present informal format of the Davos meeting serves only to encourage a deepening of the rift between the rich and the poor, and is harmful…

Swiss avalanche measures judged adequate

This content was published on Jan 11, 2000 Switzerland’s avalanche protection measures are adequate, an official study on last winter’s record snowfall has concluded. However, the study highlighted weaknesses in the early warning system and crisis management. The study also said the widespread damage to forests done by hurricane Lothar last month will not increase the avalanche risk as long as this winter…

Swiss bankruptcies fall to nine year low

This content was published on Jan 11, 2000 The number of bankruptcies in Switzerland last year fell to the lowest level since 1991, according to the latest survey from the Lausanne-based research group, Creditreform. 8,490 businesses went bankrupt last year, which was four per cent less than 1998. On a regional basis, the French-speaking part of the country performed best, with bankruptcies falling…

Nigeria to request Swiss help to track Abacha millions

This content was published on Jan 11, 2000 A lawyer for the Nigerian government says he will make an official request for legal assistance from Switzerland today. The demand concerns blocked Swiss bank accounts allegedly relating to the late Nigerian dictator, General Sani Abacha. The Geneva-based lawyer, Enrico Monfrini, is co-ordinating efforts to retrieve money deposited by Abacha and his associates overseas. Nigeria…

Kuoni buys majority stake in Dutch firm

This content was published on Jan 10, 2000 The travel agent, Kuoni, has strengthened its position in services for incoming tourists to Europe by buying a 70 per cent stake in the Dutch company, Inter Holland Travel. Inter Holland Travel, with a staff of 14 in Amsterdam, generated sales of nearly nine million Swiss francs last year and a net income of around…

Crossair safety record examined

This content was published on Jan 10, 2000

Swiss Re strengthens position in United States

This content was published on Jan 10, 2000 The Swiss reinsurance company, Swiss Re, has announced it has entered an agreement to acquire two US life insurance companies for US$260 million. The deal is for the Southwestern Life Insurance Company and the Security Life and Trust Insurance Company of Dallas, Texas. The Dallas companies are wholly owned subsidiaries of the PennCorp Financial Group.…

Disruption at some border crossings with France

This content was published on Jan 10, 2000 Traffic has been severely disrupted at the border between Switzerland and France, as well as at other French frontiers, as a result of a one-day strike by French truck drivers. The crossing points at Basel and Geneva were seriously affected. Police said a 1.5 kilometre tailback on the French side had effectively blocked all truck…

Last Swissair 747 completes farewell voyage

This content was published on Jan 10, 2000 An era in Swiss aviation history has come to an end as Swissair’s only Boeing 747 Jumbo Jet still in service landed at Zurich’s Kloten airport for the last time. It took off from the American city of Atlanta. A large crowd turned out at Kloten to witness the landing of the last 747 to…

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Yellow giant moved too slowly for Reto Braun

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Pressure groups launch campaign against World Economic Forum meeting

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Swiss avalanche measures judged adequate

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Swiss bankruptcies fall to nine year low

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Nigeria to request Swiss help to track Abacha millions

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Kuoni buys majority stake in Dutch firm

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Crossair safety record examined

More

Swiss Re strengthens position in United States

More

Disruption at some border crossings with France

More

Last Swissair 747 completes farewell voyage

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