SNB & CHF

This kind of vehicle will be used to transport goods under Central Switzerland (computer-generated illustration). Keystone Building a 500-km tunnel network to transport goods under Central Switzerland is the ambitious aim of the “Cargo Sous Terrain” project. The vision has moved closer to reality since the Swiss government brought forward enabling legislation last month. In the not-too-distant future, part of the goods now transported by road or rail between Geneva...

Even if he loses, Donald Trump still has time to change military policy, pardon allies, unseat the Federal Reserve Board of Governors, and throw a wrench in the deep state apparatus. Original Article: “Here’s What Donald Trump Should Do Before Inauguration Day​“. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. You Might Also Like The COVID Crisis Supercharged...

A sculpture made from electronic components by the artist Muharrem Batman for the 2018 “Artificial Intelligence and Robotics” exhibition at the Heinz Nixdorf MuseumsForum, a computer museum in Paderborn, Germany. Keystone / Guido Kirchner Artificial intelligence (AI) is gaining ground in our societies, posing a threat to jobs and increasingly invading our private lives. A new centre for AI research at the federal technology institute ETH Zurich wants to put people at...

© Alessandro Melis | Dreamstime.com Switzerland’s federal government has increased the amount of money earmarked for SARS-CoV-2 vaccines by CHF 100 million, bringing the total to CHF 400 million. The announcement came as preliminary trials of a vaccine developed by Pfizer and BioNTech found it to be more than 90% effective in preventing Covid-19 in participants without evidence of prior SARS-CoV-2 infection. Switzerland had already set aside money to buy 4.5 million...

Key Takeaways and Actionable Insights Austrian economics sees an economy in motion, perpetually renewing itself. Economic agents (firms, customers, investors) constantly change their actions and strategies in response to outcome they mutually create. This further changes the outcome, which requires them to adjust afresh. Entrepreneurs live in a world where their beliefs and strategies are constantly being “tested” for survival within an outcome these beliefs and...

Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize. The global elites’ techno-fantasy of a completely centralized future, The Great Reset, is addressed as a future project. Too bad it already happened in 2008-09. The lackeys and toadies tasked with spewing the PR are 12 years too late, and so are the critics listening to the PR with foreboding. Simply put, events outran our...

Deaths because of and with Covid19 Over the 7 days to 13 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 553 deaths among laboratory-confirmed Covid-19 cases, bringing the death toll to 1,229 since summer and 2,960 since the beginning of the year. The 553 reported deaths this week represent 19% of the total so far, making the last 7 days the deadliest 7-day period since the virus arrived in Switzerland. There are currently 3,945 Covid-19...

Swiss Franc The Euro has fallen by 0.02% to 1.0796 EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The largest bourses in the Asia Pacific region followed the US equity market lower, with the Nikkei posting its first loss in nine sessions. China, Hong Kong, and Australia moved lower as well. On the week, the MSCI Asia Pacific Index gained about 1% after rising 6.3% in the prior...

Die Eidgenössische Finanzmarktaufsicht FINMA veröffentlicht den Risikomonitor 2020. Sie gibt damit einen Überblick über die aus ihrer Sicht aktuell bedeutendsten Risiken für die Beaufsichtigten und beschreibt den daraus abgeleiteten Fokus der Aufsichtstätigkeit. Die FINMA identifizierte im Corona-Jahr sieben Hauptrisiken. Neu auf der Liste sieht die FINMA drohende Ausfälle oder Korrekturen bei Unternehmenskrediten und -anleihen im Ausland. Das Jahr 2020 war klar von...

© Lauvergnat Laurent | Dreamstime.com Public worker absenteeism in Geneva costs at least CHF 285 million, according to Heidi.news, which calculated the sum based on information contained in an internal document. According to the news service the cost of absenteeism, which continues to rise, is equivalent to 11% of the 2.54 billion spent public sector workers’ salaries in 2019 and 3% of the canton’s total public sector spending that year. This is the first time that...