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Economics Minister confident about Swiss financial market

This content was published on Sep 10, 1999 Economics Minister Pascal Couchepin praised Swiss banking and said that Switzerland’s reputation as a financial market place remained intact. But the Swiss Bankers Association said at its annual conference that there were clearly image problems at home. Addressing about 600 bankers and business leaders in Zurich, Couchepin said there could be no question of easing…

Swiss parcel service plagued by sorting problems

This content was published on Sep 10, 1999 Three post office executives are leaving the nationalised corporation at the end of September, following months of software and hardware problems in centralised parcel sorting centres. The new high-tech centres were set up as the post office’s answer to stiff competition from international express parcel firms. The Swiss post office used to be part of…

Swissair files complaint against entertainment system suppliers

This content was published on Sep 9, 1999 (AP) — Swissair said Thursday it has filed a `precautionary’ complaint against the suppliers of an in-flight entertainment system that was installed on the MD-11 jet which crashed last year off the coast of Canada. Complaints against the supplier, Interactive Flight Technologies Inc., the company which installed the system, Hollingsead International and the company which…

Unemployment rate drops to seven-year low

This content was published on Sep 9, 1999 The unemployment rate in Switzerland dropped to 2.4 percent in August, the lowest such figure since 1992. The latest figures released by the State Secretariat in the Economics Ministry showed that 87,487 people were registered as out of work in August, the last month for which official data is available. The secretariat said that the…

Credit Suisse reports first-half profit up 11 percent

This content was published on Sep 8, 1999 (AP) — Credit Suisse Group AG said Wednesday it boosted its first-half net profit by 11 percent from last year to SFr2.665 billion ($1.78 billion). Last year’s first-half figure was SFr2.4 billion ($1.6 billion). Net operating profit rose by 10 percent to SFr13.8 billion ($9.2 billion), Credit Suisse said. But the banking giant said its…

Experts estimate Swiss may vote online within 15 years

This content was published on Sep 7, 1999 Information technology experts believe that Swiss voters may be able to cast their ballots via the Internet within 15 years. But they warn that public confidence in online polls must first be gained through watertight security. Experts from the Federal Institute of Technology, discussing the issue at a symposium in Zurich on Tuesday, underlined the…

Health insurance costs expected to increase again

This content was published on Sep 7, 1999 Health insurance costs, which already pose a major financial burden for most Swiss families, are expected to rise again next year, with analysts forecasting an average increase of 3 to 4 percent for basic insurance. Basic insurance – as opposed to supplementary insurance service — is compulsory for people living in Switzerland. The Federal Social…

Zurich announces first-half profits up 17 percent

This content was published on Sep 6, 1999 (AP) — Zurich Financial Services, formed from the merger of Zurich Insurance Co. with the financial arm of British American Tobacco, said Monday its net first half-profit rose by 17 percent on last year to $1.687 billion. Last year’s first-half profit was $1.44 billion. Operating income also rose 17 percent, to $2.539 billion from $2.168…

Switzerland holds memorial services for Flight 111 crash victims

This content was published on Sep 3, 1999 Families, friends and relatives of those who died in the tragic Swissair Flight 111 attended memorial services and concerts in the Swiss cities of Geneva and Zurich on Friday to mark the anniversary of the crash off Nova Scotia a year ago. The 46,000 workers of the SAir Group, which includes Swissair, observed a minute…

Swissair crash victims to be remembered in Switzerland

This content was published on Sep 3, 1999 After a candlelight vigil in Canada, families, friends and relatives here in Switzerland will hold memorial services in Zurich and Geneva later on Friday to mark the anniversary of the Swissair Flight 111 crash a year ago. Memorial concerts and services are planned for this afternoon in Zurich and Geneva. A simultaneous ceremony will also…

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Economics Minister confident about Swiss financial market

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Swiss parcel service plagued by sorting problems

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Swissair files complaint against entertainment system suppliers

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Unemployment rate drops to seven-year low

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Credit Suisse reports first-half profit up 11 percent

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Experts estimate Swiss may vote online within 15 years

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Health insurance costs expected to increase again

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Zurich announces first-half profits up 17 percent

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Switzerland holds memorial services for Flight 111 crash victims

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Swissair crash victims to be remembered in Switzerland

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