SNB & CHF

Britain is keen to maintain the City of London’s attractiveness as a global financial centre Keystone / Facundo Arrizabalaga Britain and Switzerland will press on with plans to strike a trade deal for their vast financial services industries, UK Chancellor of the Exchequer Rishi Sunak said on Wednesday ahead of talks with his Swiss counterpart. The Treasury said the virtual discussions with Swiss Finance Minister Ueli Maurer would focus on the goal of “a...

Der Tribut, den das Coronavirus gefordert hat, war hoch. Aber eine neue Studie hat herausgefunden, dass die kollektive Reaktion auf das Virus letztendlich mehr Leben fordern könnte als das Virus selbst. In einer neuen Studie des National Bureau for Economic Research kommen Forscher der Harvard University, der Johns Hopkins University und der Duke University zu dem Schluss, dass die Maßnahmen zur Eindämmung der Virusausbreitung in den nächsten 15 Jahren zu 890.000...

Bruno Manser talking about the plight of the Penan in 1994 Keystone / Str The diaries of Bruno Manser, a Swiss environmental and human rights activist, have been donated to the Museum der Kulturen in Basel. The ethnologist became known far beyond the borders of Basel for his passionate but also perilous commitment to the Penan people of Borneo and the threatened tropical forests they called home. Manser went missing in 2000 and was officially declared dead in 2005....

[This is the fourth lecture from Mises’s “Economic Policy: Thoughts for Today and Tomorrow“] If the supply of caviar were as plentiful as the supply of potatoes, the price of caviar—that is, the exchange ratio between caviar and money or caviar and other commodities—would change considerably. In that case, one could obtain caviar at a much smaller sacrifice than is required today. Likewise, if the quantity of money is increased, the purchasing power of the monetary...

Switzerland’s conscript army is fighting on a new front, providing logistical help in the battle with Covid-19. It’s responsible for the transportation and safe storage of all vaccines, which are kept in secret armed forces installations. Meanwhile, civil protection staff are also helping with contact tracing, virus screening and setting up reception centres in hospitals. swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report...

Funding continued to flow into start-ups last year, but was spread out more thinly than 2019. © Keystone / Christian Beutler More than CHF2 billion of venture capital flowed into young Swiss companies for the second year in a row, a sustained rate of funding that defied the economic destruction wreaked by the pandemic last year. Investors poured more money into fledging cleantech and biotech projects in 2020 at the expense of ICT and particularly fintech companies....

The FOMC begins its two-day meeting today with a decision out tomorrow afternoon; Senate Minority Leader McConnell has finally agreed to a power-sharing deal based on the 2001 model; President Biden signaled willingness to negotiate his stimulus proposal in order to get a bipartisan deal; Fed manufacturing surveys for January will continue to roll out; Brazil reports mid-January IPCA inflation Italian Prime Minister Conte will reportedly resign today; Italian...

[unable to retrieve full-text content]FBI agents across the nation are tracking down and arresting Trump supporters who walked into the US Capitol during the January 6 protest that turned into a brawl. Scores of protestors have already been charged with unlawful entry—“knowingly entering or remaining in a restricted building or grounds without lawful authority.”

Swiss Franc The Euro has risen by 0.10% to 1.0791 EUR/CHF and USD/CHF, January 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After rallying strongly to start the year, Asia Pacific equities, led by the high-flying Hang Seng, sold-off, led by Tencent. Most markets in the region were off at least 1%. Australia and India escaped the profit-taking due to holidays. Europe’s Dow Jones Stoxx 600 is faring better...

Should skepticism of the 2020 election, fueled by a new administration’s actions, finally convince 50+ million Trump supporters that the barbarians in the Beltway do not represent him, then Trump’s presidency will be—despite his own actions—the disruption that America’s elites truly feared. Original Article: Well, they finally got Donald Trump. But he sure scared the bejesus out of them. It took a massive five-year campaign of hysteria, of fear and hate,...