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Swiss mine raises protests in Vermont

This content was published on Dec 6, 2002 Environmentalists say the mine will scar a scenic valley, destroy valuable wetlands and lead to heavy traffic on narrow, mountain roads. Omya says it is aware of its ecological obligations and that the marble, mined at Danby, will be used in a papermaking process, which respects the environment. The privately owned company is no stranger…

Tough times for private banks

This content was published on Dec 6, 2002 The country’s biggest private bank, Julius Bär, is the latest to confirm job cuts after forecasting an 11 per cent fall in net profits. The bank’s difficulties are seen as symptomatic of a general crisis for small banks. High costs have already prompted moves towards consolidation, with the most high-profile merger involving Geneva’s oldest private…

Swiss to vote on cutting health care costs

This content was published on Dec 5, 2002 Parliament on Thursday gave the go-ahead for the vote to take place next year. The super rich – such as the Swiss People’s Party’s Christoph Blocher – could see their monthly premiums rise to a whopping SFr85,000, according to the Zurich-based daily “Tages-Anzeiger”. On Thursday, the House of Representatives rejected a Senate call to delay…

Franc strengthens on ECB rate cut

This content was published on Dec 5, 2002 The Swiss National Bank (SNB) is not expected to follow suit as Swiss interest rates are already at historically low levels. Analysts say that in any case a rate cut would have little effect on the strong Swiss franc – which is bolstered by the currency’s safe haven status. Currency markets in Switzerland were quick…

Capital ideas, made in Bern

This content was published on Dec 5, 2002 Einstein couldn’t keep still. He changed Bern residences on average once a year during the seven years he lived in the Swiss capital. The Einstein House at Kramgasse 49 in Bern’s well-preserved old town is where he lived from 1903 to 1905. It is a small museum and memorial to the physicist who has been…

Following the cheese trail to the Emmental

This content was published on Dec 5, 2002 That was the message at a recent tourism meeting in the Emmental where guests were told to make better use of the world-famous cheese to market the region as a travel destination. The meeting drew a large crowd to the village of Signau to discuss the state of Emmental’s tourist industry. The largely agricultural region…

Banks ordered to split research and banking

This content was published on Dec 4, 2002 The Swiss Bankers Association (SBA), which issued proposed new regulations on Wednesday, said the measures were designed to ensure that financial analysis remained “independent and credible”. The SBA says the rules been drafted to international standards and are aimed at protecting investors. “The main purpose of the guidelines is to reduce and eliminate the possibilities…

Swiss lean towards tobacco advertising ban

This content was published on Dec 3, 2002 However, the Federal Health Office admitted that it would be several years before Bern came close to matching the scale of the EU’s ban, announced on Monday. The office made the comments to swissinfo following a decision by EU health ministers to extend a ban on tobacco advertising to radio, newspapers and the Internet. As…

EU ministers fail to agree on Swiss tax deal

This content was published on Dec 3, 2002 They want Switzerland to ease banking secrecy to allow the taxation of EU citizens’ savings income in Swiss banks. EU finance ministers meeting in Brussels on Tuesday agreed to hold further talks next week to try and hammer out a deal on proposals to clamp down on tax evasion. Switzerland said it was ready to…

Swiss count cost of isolation

This content was published on Dec 3, 2002 Supporters of closer integration with Europe claim that by rejecting membership, the Swiss economy was left lagging behind many of its competitors. In an interview with the weekly “NZZ am Sonntag”, the Swiss foreign minister, Joseph Deiss, said Switzerland had chosen a “slow and difficult path” when it voted against joining the EEA. “Joining the…

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Swiss mine raises protests in Vermont

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Tough times for private banks

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Swiss to vote on cutting health care costs

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Franc strengthens on ECB rate cut

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Capital ideas, made in Bern

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Following the cheese trail to the Emmental

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Banks ordered to split research and banking

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Swiss lean towards tobacco advertising ban

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EU ministers fail to agree on Swiss tax deal

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Swiss count cost of isolation

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