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Britain dismisses Swiss taxation plan

This content was published on Nov 5, 2002 Speaking at a meeting of EU finance ministers in Brussels, Brown insisted Swiss banking secrecy had to be dismantled, as part of a tighter taxation regime in Europe. Brown was echoing comments made to the Swiss economics minister, Pascal Couchepin, when he held talks with British ministers on the issue on Monday. “As far as…

Swiss and British lock horns over banking secrecy

This content was published on Nov 4, 2002 But the talks revealed that the two countries still remain at loggerheads over the controversial issue. At the talks, which come ahead of a meeting of European Finance ministers in Brussels, Couchepin was adamant about defending the Swiss position on withholding tax on savings held by European natives in Swiss banks accounts. The British would…

Governments target illicit diamond trade

This content was published on Nov 4, 2002 They are expected to agree new international rules stipulating that uncut diamonds must be accompanied by detailed records of provenance. Diamond producing, trading and marketing countries, working with the diamond industry, have been developing the regulations to track the origin of diamonds and stamp out illicit trading. The ministerial meeting on Tuesday is aimed at…

Centerpulse compensates faulty implant victims

This content was published on Nov 4, 2002 The move marks the end of a lengthy litigation battle that cast a shadow over the Zurich-based company. Centerpulse, formerly known as Sulzer Medica, handed over the sum to the Settlement Trust in Cleveland, Ohio, fulfilling its obligations to class-action plaintiffs. The trust will pay out compensation over the coming months to patients who were…

Swiss Life bosses face calls to resign

This content was published on Nov 4, 2002 Swiss media and politicians have called for heads to roll following the disclosure of two huge accounting errors and a secretive investment vehicle for top managers. Swiss Life revealed on Friday that six top managers made millions by investing in Long Term Strategy AG (LTS), a three-year-old company with close ties to the insurer. Its…

Builders down tools in biggest strike for 50 years

This content was published on Nov 4, 2002 Around 15,500 workers protested in favour of lowering the retirement age to 60. The employers described the strike as illegal. “This has exceeded our expectations,” said Vasco Pedrina, president of the construction workers’ union, who earlier told swissinfo that the strike was the biggest strike by construction workers since 1947. Participation in the one-day stoppage…

Hotel rolls out red carpet for staff

This content was published on Nov 3, 2002 A look behind the scenes at the Park Hotel Weggis reveals that the effort has begun paying dividends. After a busy lunch in the main hotel restaurant, Sequoia, sous chef Marcel Ringelstein begins cleaning up the kitchen and preparing for the evening. He says it is a great place to work, and is proud of…

Weak growth poses biggest challenge

This content was published on Nov 2, 2002 In an interview with swissinfo’s Robert Brookes, Wuffli also outlined his strategy at UBS and explained his position on banking secrecy and corporate governance. Wuffli, 45, told swissinfo that growth had to be achieved in terms of productivity, innovation and increasing competitiveness. He also believes Switzerland will continue to enjoy a “very substantial edge” as…

ABB plan aims to limit damage

This content was published on Nov 1, 2002 ABB’s proposals include bankruptcy protection for its US subsidiary Combustion Engineering (CE) by reorganising CE under Chapter 11 of the US bankruptcy code. The group hopes to limit its asbestos payments to SFr1.7 billion ($1.1 billion), which is much less than analysts had feared. “We are very confident that we will make progress to get…

Builders’ dispute threatens 50 years of industrial peace

This content was published on Nov 1, 2002 The dispute comes at a time of simmering industrial unrest, with postal workers and public sector employees also at loggerheads with management. Over the weekend, employers will hold talks with construction unions in a bid to head off Monday’s strike, which is part of a campaign to lower the retirement age for builders. “This strike…

Internal: Archive

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Internal: Archive

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Britain dismisses Swiss taxation plan

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Swiss and British lock horns over banking secrecy

More

Governments target illicit diamond trade

More

Centerpulse compensates faulty implant victims

More

Swiss Life bosses face calls to resign

More

Builders down tools in biggest strike for 50 years

More

Hotel rolls out red carpet for staff

More

Weak growth poses biggest challenge

More

ABB plan aims to limit damage

More

Builders’ dispute threatens 50 years of industrial peace

Popular Stories

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