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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…

Study: Swiss parties need urgent reorganisation

This content was published on Sep 3, 1999 A newly-released study of Switzerland’s political landscape finds that the main political parties need urgent reforms as they suffer from financial shortfalls, a decline in membership and a workload increasingly difficult to handle.The study was carried out by the Swiss National Science Foundation, which based its research on about 180 cantonal party offices throughout the…

Differences remain over Swiss-EU accords

This content was published on Sep 3, 1999 A special parliamentary debate on the bilateral accords signed between Switzerland and the European Union has failed to resolve all remaining differences, even though some compromise was reached on environmental and labour issues. The sensitive political and economic accords were signed by Switzerland and the EU in June but still have to be ratified by…

Swiss exports to United States reach record level

This content was published on Sep 2, 1999 Switzerland’s economic relations saw a major boost in the past year as both exports and investments increased significantly. According to new figures released by the Swiss Chamber of Commerce on Thursday, exports increased by 7.5 percent to total a record SFr12.3 billion ($8.2 billion) in 1998. This makes the United States the second most important…

Fighting poverty is key element of Swiss development policy

This content was published on Sep 2, 1999 Foreign Minister Joseph Deiss said Thursday that the key focus of Switzerland’s development policy abroad was to alleviate poverty in order to prevent major international migration movements in the future. Deiss said Switzerland should step up international cooperation – particularly with the European Union – in order to help develop a successful long-term development policy.…

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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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Study: Swiss parties need urgent reorganisation

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Differences remain over Swiss-EU accords

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Swiss exports to United States reach record level

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Fighting poverty is key element of Swiss development policy

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