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Credit Suisse presents package for elite sportspeople

This content was published on Mar 7, 2000 The private banking division of the Credit Suisse group has become the first bank to offer special insurance cover for the world’s top sportsmen and women. The “Dream Team” package offers professional athletes a combination of individual service and specially-tailored asset management and insurance products. Cover is provided for all sports-related risks, including:– loss of…

1999 second most expensive year in history of insurance

This content was published on Mar 7, 2000 In the latest edition of its publication “sigma”, the Swiss Reinsurance Company in Zurich says acts of nature and man-made disasters claimed more than 105,000 lives in 1999. Total losses are estimated at US$100 billion, without indirect economic losses. The annual study says that natural catastrophes were responsible for more than 90 per cent of…

Avon and Roche calling

This content was published on Mar 7, 2000 The consumer health division of the Basel-based Roche group has announced a global strategic alliance with the United States firm, Avon, to develop an exclusive line of vitamins and nutritional supplements for women. Under a brand name yet to be determined, the new line will also include products for exercise and fitness, stress management and…

Government proposes ban on reprocessing nuclear waste abroad

This content was published on Mar 6, 2000 The Swiss government has proposed a ban on reprocessing nuclear waste abroad, and says a new law should also determine whether to lay down a time-limit for the lifespan of nuclear power plants. At its weekly cabinet meeting in Berne, the government decided to launch a wide-ranging consultation process on a draft law regulating these…

Swissair owner affected by slump in air transport sector

This content was published on Mar 6, 2000 The downturn in the air transport sector has hit results at Swissair owner, the SAirGroup. The latest figures show a decline in profits over 1999 of 24 per cent at SFr273 million. But analysts had earlier said profits would fall by around 30 per cent. Soaring fuel prices, the Kosovo conflict and frequent delays had…

Ascom plans to float subsidiary on stock market

This content was published on Mar 6, 2000 The Berne-based telecommunications group, Ascom, plans to launch its subsidiary iT_Security – active in security systems for the Internet and Intranet – on the stock market. Speculation about the move had pushed up the price of Ascom shares considerably over the past weeks. A statement said that iT_Security in Zurich was one of Europe’s leaders…

Experts optimistic on economy

This content was published on Mar 6, 2000 Financial experts in Switzerland are optimistic about the development of the Swiss economy. A survey among them published by the Swiss news agency foresees a rise in GDP of between 1.7 and 2.5 per cent for the year 2000. The growth forecasts for the fourth quarter of 1999 over the previous three months, vary among…

Sunday’s vote: Swiss consider ban on test tube babies

This content was published on Mar 6, 2000 An initiative to ban all medically-assisted procreation and sperm donation goes to a nationwide vote on March 12. The initiative “for procreation which respects human dignity” aims to stop all methods that might be “against nature”. Opponents of medically-assisted procreation believe that once fertilisation of a woman’s egg takes place, life exists, and add that…

Diax pursues inroads into telecoms market

This content was published on Mar 6, 2000 The telecommunications operator, Diax, has reported a successful 1999 business year with turnover totalling more than SFr500 million, 30 per cent more than expected. The Zurich-based company says it now has more than one million customers. A statement said that net profit also exceeded expectations but gave no figure. Diax said it anticipated turnover would…

Business week outlook

This content was published on Mar 5, 2000 A busy week awaits dealers on the Swiss market this week, with a clutch of major companies revealing their 1999 results and the publication of some key economic data. On Monday, the SAirGroup is set to reveal its latest figures in full. Analysts are expecting a 25 to 30 per cent drop in profits, which…

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Credit Suisse presents package for elite sportspeople

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1999 second most expensive year in history of insurance

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Avon and Roche calling

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Government proposes ban on reprocessing nuclear waste abroad

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Swissair owner affected by slump in air transport sector

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Ascom plans to float subsidiary on stock market

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Experts optimistic on economy

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Sunday’s vote: Swiss consider ban on test tube babies

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Diax pursues inroads into telecoms market

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Business week outlook

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