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Household electric goods fail to profit from economic boom

This content was published on Feb 27, 2001 Although the year started well for producers and suppliers of large appliances such as cookers, the sector failed to achieve its targets. In the small appliance sector, traditional market fluctuations remained strong. Figures released on Tuesday revealed another poor performance for sales of electric cookers after a negative 1999. Sales of dishwashers and washing machines…

Sabena deal heads for a bumpy ride

This content was published on Feb 27, 2001 Tuesday’s Financial Times says that Lufthansa, British Airways, SAS and KLM are planning a joint complaint to the European Commission about the cash injection by the company’s two shareholders, Switzerland’s SAirGroup and the Belgian government. The four companies are expected to argue that the Belgian government’s plans to pump around SFr150 million into Sabena may…

Zurich voted top city in global survey

This content was published on Feb 27, 2001 In third place was Vienna in Austria. Geneva was not far behind, sharing joint fourth place with Copenhagen in Denmark and Sydney, Australia. The Swiss capital, Bern, also scored high marks, making Switzerland the only country to have three cities in the world’s top 10 list. Germany was also well represented, with both Frankfurt and…

Hotel industry kicks off year with record month

This content was published on Feb 27, 2001 The Federal Statistical Office said on Tuesday that Swiss hotels chalked up 2.77 million overnight stays in January, a rise of 4.3 per cent – or 114,000 nights – over the same month last year. The record number of stays comes on the back of one of the industry’s best winters yet, despite poor snow…

Employment barometer rises again

This content was published on Feb 27, 2001 Statistics released on Tuesday show that the number of people now in work stands at 3,915,000. The number of women and immigrants entering the workforce rose significantly, by two and 3.8 per cent respectively. The short-term outlook also remains bright. The vast majority of sectors described employment prospects for the coming three months as positive.…

Digital Shadow is watching you

This content was published on Feb 27, 2001 Passengers carrying a chip card are registered when getting on and off buses, trams and trains. Next Monday, the pilot project extends to Basel and 1,800 people will be testing the strengths and weaknesses of the system over the next three months before its planned introduction. Despite the obvious benefits of such a system, concerns…

Vontobel abandons plans for e-bank

This content was published on Feb 27, 2001 In a statement on Tuesday, the bank said the project had cost more than SFr150 million ($90 million) last year. But it said the decision to scrap its e-bank would not affect its operating results this year. Vontobel was the first Swiss bank to announce plans to set up a separate business to concentrate on…

Brussels opens inquiry into Sabena deal

This content was published on Feb 27, 2001 The Commission is to investigate whether the rescue plan violates European Union competition rules. “An urgent inquiry into the Belgian state carrier has been launched in order to obtain more information,” said Michael Tscherney, a Commission spokesman. A Belgian court asked the Commission whether the injection of €250 million (SFr380 million) was legal or could…

The secrets behind the Lötschen valley masks

This content was published on Feb 27, 2001 In the weeks leading up to Ash Wednesday, groups of terrifying creatures wearing sheep or goatskins roam like restless spirits in the Lötschen valley. The narrow stretch of land lies between the peaks of the Bernese Oberland and canton Valais, and was cut off from the rest of the world until the arrival of the…

Merger to create new Swiss property giant

This content was published on Feb 26, 2001 In a joint statement, the companies said the merged enterprise would have a real estate portfolio of about SFr1.8 billion ($1.08 billion) and a market capitalisation of about the same amount. They said no more details would be released until early April. Feldschlösschen-Hürlimann is in the process of changing the focus of its activities. It…

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Household electric goods fail to profit from economic boom

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Sabena deal heads for a bumpy ride

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Zurich voted top city in global survey

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Hotel industry kicks off year with record month

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Employment barometer rises again

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Digital Shadow is watching you

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Vontobel abandons plans for e-bank

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Brussels opens inquiry into Sabena deal

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The secrets behind the Lötschen valley masks

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Merger to create new Swiss property giant

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