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Regulators target “risky” bank bonuses

This content was published on Jun 3, 2009 The body has invited banks and other institutions to comment on its proposals to link variable remuneration to long-term performance and to make pay structures more transparent. The rules come into force next year. Bonuses and large corporate pay packets have come under intense scrutiny and criticism in Switzerland since the financial meltdown, as in…

Higher retirement age for women moves closer

This content was published on Jun 3, 2009 Supporters of Wednesday’s move said it was needed to ensure that there is still enough money to finance pensions as the population gets older. Raising the age at which women can draw their state pension is expected to save about SFr850 million ($795 million). The vote passed by 29 to seven. It was opposed by…

Market unrest sparks online brokering upsurge

This content was published on Jun 3, 2009 Marc Bürki says the worst of the market turmoil has passed and that Swissquote, which is also an internet-based bank, is booming. Within the context of a terrible 2008 for Swiss banks – massive losses, bailouts, haemorrhaging customer counts and an assault on banking secrecy – Burke has a reason to be upbeat. The propensity…

Swiss economy shrinks as exports slump

This content was published on Jun 2, 2009 Negative growth was registered in particular in exports, according to the State Secretariat for Economic Affairs (Seco) on Tuesday. The year on year drop was 2.4 per cent, the sharpest contraction since 1976. “It’s a bad number – Switzerland is in a bad shape – but in other countries the effect is even worse,” Seco’s…

Oerlikon to sell space division

This content was published on Jun 2, 2009 Oerlikon shares jumped by 6.4 per cent to SFr66.50 ($62) on the news in early trading on the Swiss stock exchange on Tuesday. All 380 employees of Oerlikon Space based in Switzerland will transfer to Ruag after the deal is complete. The purchase price was undisclosed but analysts estimated the deal to be worth SFr150-200…

Swiss economy shrinks as exports slump

This content was published on Jun 2, 2009 Negative growth was registered in particular in exports, according to the State Secretariat for Economic Affairs (Seco) on Tuesday. The year on year drop was 2.4 per cent, the sharpest contraction since the first quarter of 1976. “The 2.4 per cent drop in GDP is not very upbeat, confirming the Swiss economy is still feeling…

Children “shouldn’t be seen as tiny adults”

This content was published on May 31, 2009 Its promoters say it is important to realise that children aren’t miniature adults and shouldn’t play that role in adverts, nor should they be confronted with problems such as discrimination. An advert on Swiss television showing a small boy washing his friends’ tricycles in the family dishwasher for a few francs earned white goods specialist…

Waning demand hits airline Swiss again

This content was published on May 31, 2009 Spokesman Jean-Claude Donzel on Sunday confirmed a newspaper report saying that flights would be reduced on 12 routes. Flight reductions announced in March to Los Angeles and the Indian city of Mumbai, until the beginning of July, for example, will be extended. In another measure, daily flights from Zurich to London will be reduced from…

Minister calls for more money to help jobless

This content was published on May 31, 2009 She is to propose to the cabinet up to an additional SFr400 million ($375 million) for a package of measures. “We need SFr300 – 400 million above the SFr600 million which is in the budget for unemployment insurance for special measures for the labour market,” she told the SonntagsZeitung newspaper. That would mean an investment…

Consumers receive good news

This content was published on May 29, 2009 The move is expected to reduce prices of some of the affected products, since they can be sold more cheaply than identical Swiss-made ones. Parallel imports are branded goods manufactured or purchased abroad at a reduced cost and then sold in Switzerland at a lower-than-usual price. Consumer groups argued for years that the trade restrictions…

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Internal: Archive

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Regulators target “risky” bank bonuses

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Higher retirement age for women moves closer

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Market unrest sparks online brokering upsurge

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Swiss economy shrinks as exports slump

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Oerlikon to sell space division

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Swiss economy shrinks as exports slump

More

Children “shouldn’t be seen as tiny adults”

More

Waning demand hits airline Swiss again

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Minister calls for more money to help jobless

More

Consumers receive good news

Popular Stories

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