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SNB & CHF

Travelling to Switzerland post-Brexit

--- If you're a Brit planning to visit Switzerland, you might want to think twice about bringing your pets with you! Things have changed since Brexit. ⁠ ⁠ UK nationals are no longer covered by the EU’s free movement of persons agreement. When the present Covid-19 related travel ban is lifted, they will still be able to visit Switzerland for short periods using just their passports. But from 2022, short visits will require a visa waiver. UK citizens now have had to go through a...

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FX Daily, February 3: The Greenback Remains Resilient as the Bulls Drive Equities Higher

Swiss Franc The Euro has risen by 0.05% to 1.0809 EUR/CHF and USD/CHF, February 3(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities have charged higher, and the greenback is mostly firmer. News that Draghi may become Italy’s next Prime Minister has boosted Italian bonds. The PBOC unexpectedly drained liquidity, and this may have deterred buying of Chinese stocks, a notable exception in the regional rally....

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Ruh Roh Silver

Sometimes you can count on the manipulation conspiracy theorists to get it exactly wrong. Not just a little bit wrong, nor halfway wrong. Not even mostly wrong. Totally wrong, backwards. Michael Crichton, in talking about the Gell-Mann Amnesia Effect said this: “You open the newspaper to an article on some subject you know well. In Murray’s [Gell-Mann] case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding...

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FX Daily, February 1: Markets Snap Back

Swiss Franc The Euro has risen by 0.15% to 1.082 EUR/CHF and USD/CHF, February 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are snapping back today, while the greenback retained the strength seen last week that was attributed to safe-haven flows. The MSCI Asia Pacific Index snapped a four-day decline led by Hong Kong, South Korea, India, and Indonesia. Europe’s Dow Jones Stoxx is up around...

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Switzerland’s four languages

The Swiss are known for their multilingualism. The proportion of polyglots has increased slightly since 2014, according to a new report from the Federal Statistical Office. Over two-thirds of adults regularly use more than one language. They need these skills to communicate with each other, either in the workplace or across the four distinct language regions. The majority speak German, followed by French, Italian and Romansh. The latter is in decline and efforts are being made to ensure its...

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Is the grass greener outside the EU?

British Prime Minister, Boris Johnson, at a farm in Wales in 2019, where he was canvassing support for his post-Brexit farming policy. Afp Or Licensors Britain argues that Brexit will make British agriculture greener. SWI Swissinfo.ch looks at how successful EU agricultural policies have been, and how they compare with Switzerland’s approach. One of the arguments Brexiters pushed forward was that the United Kingdom would be greener after Brexit. They argued hefty...

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UBS Multibanking available to corporate clients throughout Switzerland

Zurich, 1 February 2021 – UBS has successfully completed the pilot phase of its new multibanking function and is now gradually rolling out the offering across Switzerland. UBS Multibanking will now also give SMEs full transparency over all their accounts and allow them to execute payments debited from accounts with third-party banks directly in UBS E-Banking. UBS is the first and so far the only Swiss bank to offer such a comprehensive payment function. Andy...

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Swiss Retail Sales, December 2020: 3.5 percent Nominal and 4.7 percent Real

01.02.2021 – Retail trade turnover adjusted for sales days and holidays showed nominal growth of 3.5% in December 2020 compared with the same month of the previous year. Seasonally adjusted, nominal turnover grew by 2.2% compared with the previous month. Despite the impact of the Covid-19 pandemic on the whole of 2020, provisional results show nominal growth of 0.1%. This positive growth consists of contrasting developments in the sectors with some strong turnover...

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