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Swiss banking secrecy under the microscope in new OECD report

This content was published on Apr 11, 2000 Business analysts are awaiting the release of an international report today which places banking secrecy and information laws under the spotlight. Several countries, including Switzerland, are expected to be scrutinised. The report by the Paris-based Organisation for Economic Cooperation and Development (OECD) will be keenly analysed at a time when the issues of banking secrecy,…

Villiger commissions high-powered financial strategy group

This content was published on Apr 10, 2000 The Swiss finance minister, Kaspar Villiger (pictured), has commissioned a high-ranking strategy group to inform him about developments relating to financial policy. The “Group of Reflection”, established a month ago, is to report to him on matters which could affect the political-decision making process, against a background of dynamism on the financial markets and pressure…

British finance minister wants more transparency in European banking

This content was published on Apr 10, 2000 A proposal at the weekend by the British finance minister, Gordon Brown, could have wide-ranging implications for banking secrecy laws in European Union states as well as Switzerland. Brown ruffled feathers with a proposal for EU member states to exchange information on investor income as a way of combatting tax evasion. Brown’s proposal is meant…

SwissTalents promotes scientific ties to Switzerland

This content was published on Apr 10, 2000 Highly-talented Swiss scientists living abroad are being invited to join an Internet site designed specifically to strengthen ties between them and Switzerland. Called SwissTalents, the site is the brainchild of Christian Simm, scientific adviser at the Swiss consulate in San Francisco. “The number of highly-qualified Swiss who live and work abroad is impressive,” Simm said.…

Foreign films compete for Swiss development prize

This content was published on Apr 10, 2000 Filmmakers from 35 countries are in Geneva to take part in the 16th North-South Media Festival. They are hoping to win one of the prestigious prizes awarded to reporters whose work leads to a better understanding of development issues. The Geneva International Television Award, which was created in 1985, is open to television broadcasts by…

SAir Group counting the cost of involvement in LTU

This content was published on Apr 9, 2000 The SAir Group is having to spend SFr115 million on overhauling the German air tours operator LTU, in which it has a 49.9 per cent stake.The Swiss air carrier company is obliged to pay for the restructuring costs due to a clause in the agreement signed with LTU in 1998. A spokesman for the SAir…

Energy minister expects huge job losses in electricity sector

This content was published on Apr 9, 2000 The Swiss energy minister, Moritz Leuenberger, has sounded the alarm bells for major job cuts in the electricity industry. He said at least 4.000 jobs were at risk, in an interview with the newspaper “Sonntagsblick”. Leuenberger told the paper, he predicts 20 to 30 per cent of existing jobs will be axed in the long…

Business Week

This content was published on Apr 8, 2000 The main mover on the market this week was the Swiss franc, which made good gains against the dollar and the euro. Its move followed comments by Swiss National Bank chief economist Georg Rich, who said the central bank was no longer trying to hold the franc stable against the euro. With the Swiss currency’s…

Steinegger elected to fourth term as Radical president

This content was published on Apr 8, 2000 Switzerland’s Radical Party has elected Franz Steinegger to a fourth term as party president. The decision came on the first day of a party conference in Pfäffikon, canton Schwyz. However, Steinegger told the 143 delegates present that he would step down after one or two years, to make way for somebody else to lead the…

Central bank says Swiss economy powering ahead

This content was published on Apr 8, 2000 The vice-president of the Swiss National Bank has said the Swiss economy is growing faster than most of those within European Monetary Union. Jean-Pierre Roth said that was the reason for the recent hike in interest rates. In an interview with the Le Temps newspaper, Roth said the tightening of fiscal policy would in no…

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Swiss banking secrecy under the microscope in new OECD report

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Villiger commissions high-powered financial strategy group

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British finance minister wants more transparency in European banking

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SwissTalents promotes scientific ties to Switzerland

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Foreign films compete for Swiss development prize

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SAir Group counting the cost of involvement in LTU

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Energy minister expects huge job losses in electricity sector

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Business Week

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Steinegger elected to fourth term as Radical president

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Central bank says Swiss economy powering ahead

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