SNB & CHF

We hear plenty about threats to American democracy: Donald Trump’s a threat, the Republican party is a threat, and any number of other people or political parties are threats. Now it’s ExxonMobil’s purchase of Pioneer Natural Resources. Jeff D. Colgan, a professor of political science and the director of the Climate Solutions Lab at Brown University, wrote in an easily missed piece entitled “Exxon Mobil’s Pioneer Acquisition Is a Direct Threat to Democracy” for the...

The software company Concevis has been the victim of a cyber attack. Once again, federal government data is involved. The cybercriminals are threatening to publish the data on the darknet.   Share Facebook Twitter E-mail Print Copy link According to available information, the stolen data probably contains old operational data from the Federal Administration. In-depth analyses are still underway, writes the Federal Department of Finance in a statement on...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange...

A long-term Parkinson’s patient who had severe mobility problems can now walk fluidly without falling thanks to a new experimental spinal implant that stimulates his leg muscles. Marc, 63, has been living with advanced Parkinson's disease since 1996. Dopamine and then deep brain stimulation, which he underwent in 2004, helped treat his tremors and stiffness. But he also developed severe walking difficulties, including balance impairments and freezing of gait. After receiving the...

As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects. Original Article: Mises on the History of Warfare [embedded content] Tags: Featured,newsletter

Commodities giant Glencore is taking control of Canadian Teck’s steelmaking coal business. Share Facebook Twitter E-mail Print Copy link The Zug-based group will pay $6.93 billion (CHF6.2 billion) in cash to buy a 77% stake in the Elk Valley Resources (EVR) division. EVR produced 21.5 million tonnes of steelmaking coal and posted pre-tax profits of C$6.0 billion in 2022, Glencore detailed in a press release on Tuesday. The transaction is not expected to result...

Share: In an interview with local television station TeleZueri, Swiss National Bank (SNB) Chairman Thomas Jordan said that he doesn’t rule out more interest rate hikes ahead. Jordan said, “if we see that the current monetary policy is not restrictive enough to ensure price stability in the long term, then we will have to make another interest rate move.” [embedded content]...

For the first time, the same number of passengers flew through Zurich Airport in October as before the coronavirus pandemic. The number of passengers rose significantly compared to the same month last year. Share Facebook Twitter E-mail Print Copy link A total of 2.87 million passengers traveled through Zurich Airport in October. This is 19 percent more than in the same period last year. For the first time, traffic volumes have thus returned to pre-corona...

The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective. Austrian business cycle theory provides a profound understanding of how artificially inflated booms sow the seeds of their own destruction. Delving into the depth of this...

Black Friday, Cyber Monday and then Christmas shopping: many people in Switzerland will go on a shopping spree at the end of the year. However, Swiss Post is expecting a slightly lower flood of parcels this year than in 2022. Share Facebook Twitter E-mail Print Copy link The “parcel peak season” is just around the corner for Swiss Post employees. Last year, Swiss Post sent 22 million parcels across the country between Black Friday and Christmas. This year,...