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Rich get richer

This content was published on Nov 28, 2000 Bertarelli, boss of the Geneva-based biotech firm, Serono, tops the list of the country’s 300 wealthiest people, published by the business magazine, “Bilanz”, on Tuesday. He has doubled his fortune in the past year, closing the gap on the fabulously wealthy Oeri-Hoffmann family, who own the majority shareholding in the Swiss healthcare giant, Roche. The…

EU tax deal leaves Swiss vulnerable over banking secrecy

This content was published on Nov 27, 2000 The EU agreement, reached in Brussels on Monday, will compel member states to share information on non-residents’ savings income so it can be taxed in their country of origin. The deal will increase the pressure on Switzerland to lift banking secrecy because it is conditional on other financial centres applying the same rules. Until now…

Swiss urged to stop nuclear waste exports to Russia

This content was published on Nov 27, 2000 Addressing a news conference organised by Greenpeace on Monday, two prominent Russian environmentalists, Nathalie Mironova and Aleksandr Nikitin, said Russia had enough ecological problems without Switzerland contributing to them. Nikitin said: “Switzerland must not burden us with waste that it cannot dispose of itself”. Mironova added that states “must take responsibility for the negative effects…

Switzerland lifts more sanctions against Yugoslavia

This content was published on Nov 27, 2000 The Swiss government announced on Monday that the move had been taken in consultation with the European Union, which has also lifted some of its sanctions against Belgrade. Bern also lifted a freeze on 180 individual bank accounts. However, 620 remain frozen, including those belonging to associates of Milosevic. The authorities say they have found…

Credit Suisse unit gains Hong Kong bank licence

This content was published on Nov 27, 2000 Credit Suisse Group has operated a representative office in Hong Kong since 1988. The Hong Kong branch primarily provides private banking services, including deposits and foreign exchange, financing and investment advisory services. Credit Suisse Group is the second largest finance based company in Switzerland and ranks in the top 20 of the world’s banking groups…

Swiss logistics firm links up with partner in Singapore

This content was published on Nov 27, 2000 SembCorp said in a statement that it would issue 35.5 million new shares, or 20 per cent of its enlarged share capital, as part of the deal. K&N will subscribe to about 10.7 million shares and the remainder will be placed privately. K&N in turn will issue 400,000 new shares at SFr1,275 ($704) each to…

Urs Roth to head Swiss Bankers Association

This content was published on Nov 27, 2000 The 53-year old lawyer will replace Niklaus Blattner, who was recently elected to the board of the Swiss National Bank. The decision to appoint Roth was made unanimously by the association’s 19- member committee at a meeting in Bern on Monday. Roth’s appointment comes as something of a surprise after the Swiss press mooted Switzerland’s…

Bern gets to know its onions

This content was published on Nov 27, 2000 Some 700 stalls, heaped high with strings of onions, lined the streets of the city centre. The produce, grown on local farms, was trucked in during the early hours of Monday morning, and snapped up by eager visitors, in a tradition dating back to the 15th century. “Legend has it that at the beginning of…

Zurich backs its partnership with Kunming

This content was published on Nov 26, 2000 The clear-cut result in a popular vote on Sunday in favour of giving Kunming a loan of SFr1.32 million next year surprised many political analysts. A total of 51,902 voters (64 per cent) approved the loan, while 28,716 rejected it. Two members of the right-wing Swiss People’s Party had wanted the loan to be stopped…

Swiss supermarket giants tighten security on beef products

This content was published on Nov 26, 2000 The decision was taken in conjunction with the Swiss Federal Veterinary Office. A spokesman for Coop said the tests for Mad Cow Disease (BSE) could come into force as early as February 1, 2001. He would, however, not say which company would provide the tests. The Zurich company, Prionics, which has developed a set of…

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Rich get richer

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EU tax deal leaves Swiss vulnerable over banking secrecy

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Swiss urged to stop nuclear waste exports to Russia

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Switzerland lifts more sanctions against Yugoslavia

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Credit Suisse unit gains Hong Kong bank licence

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Swiss logistics firm links up with partner in Singapore

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Urs Roth to head Swiss Bankers Association

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Bern gets to know its onions

More

Zurich backs its partnership with Kunming

More

Swiss supermarket giants tighten security on beef products

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