Friday , June 18 2021
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Tag Archives: newsletter

Kamala Harris and the Same Old Immigration Nonsense

Vice-President Kamala Harris got jeered in Guatemala, and deservedly so, after telling the Guatemalan people, “Do not come. The United States will continue to enforce our laws and secure our border.”  At the same time, the Biden administration is promising $4 billion in foreign aid to the Guatemalan government. Apparently the idea is that by bribing Guatemalan officials with lots of U.S. taxpayer money, the Guatemalan government will crack down and prevent...

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Switzerland plans subsidies to offset G7 corporate tax plan

Swiss-based multinationals such as commodities trader Glencore will receive subsidies and other incentives under plans Switzerland is drawing up to maintain its competitive tax rates, even as the country prepares to sign-up to the G7’s new plan for a global minimum tax on big businesses. A blooming economy: canton Zug © Keystone / Alexandra Wey Bern is consulting its cantonal governments – which set their own corporate tax rates – to examine how measures such as...

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FX Daily, June 11: US Yields Stabilize After Falling to Three-Month Lows

Swiss Franc The Euro has fallen by 0.04% to 1.0879 EUR/CHF and USD/CHF, June 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The 10-year US Treasury yield steadied after reaching a three-month low near 1.43%, despite the US CPI rising more than expected to 5% year-over-year. On the week, the decline of around a dozen basis points would be the largest in a year. Australia, New Zealand, and Italy benchmark...

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Aktualisierte Sanktionsmeldung

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat eine Änderung des Anhangs 7 der Verordnung vom 8. Juni 2012 über Massnahmen gegenüber Syrien (SR 946.231.172.7) publiziert. Am 10. Juni 2021 hat das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF die Liste der in diesem Kontext sanktionierten Personen, Unternehmen und Organisationen geändert. Die Änderung ist in der Schweiz direkt anwendbar. Das WBF hat daher die für...

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AntChain Inks Deal With UEFA EURO to Be Its Official Global Blockchain Partner

UEFA and AntChain, the blockchain business of Ant Group, announced a five-year global partnership around blockchain technologies and to jointly explore how blockchain technology can be used to further the digital transformation of football industry and improve the experiences of fans around the world. In doing so, AntChain also becomes the official global blockchain partner of UEFA EURO 2020 and UEFA EURO 2024 The partnership also revealed the tournament’s Top...

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Coronavirus-Bürgertests: Diese Unterlagen sollen testende Apotheken aufbewahren

Apotheken, die Coronavirus-Schnelltests durchführen, müssen einige Unterlagen und Nachweise bis zum 31. Dezember 2024 aufbewahren. / Foto: Fotolia/Robert Kneschke Für die Durchführung von Coronavirus-Schnelltests müssen Apotheken einiges beachten. Bereits heute gilt, dass die Unterlagen zur Abrechnung der Vergütung bis zum 31. Dezember 2024 aufbewahrt werden müssen. Allerdings hieß es bisher in der Coronavirus-Testverordnung nur, dass dafür der »Nachweis der...

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FX Daily, June 10: ECB Meeting and US CPI: Transitory Impact

Swiss Franc The Euro has fallen by 0.06% to 1.09 EUR/CHF and USD/CHF, June 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The ECB meeting and the US May CPI report is at hand. The US dollar is consolidating at a higher level against most of the major currencies. Softer than expected, inflation readings are weighing on the Scandis, which are bearing the brunt. The US 10-year yield closed below 1.50% for...

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Child Labour rises for first time in two decades 

Swiss chocolate makers have struggled to eradicate child labour in the hazelnut supply chain originating in the Black Sea region of Turkey. Dominique Soguel The world has witnessed the first rise in child labour in 20 years and the coronavirus crisis threatens to push millions more minors into the same fate, the United Nations said on Thursday. Swiss multinationals from food giant Nestlé to mining titans Glencore and Trafigura have struggled to eradicate child labour...

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Swiss Unemployment Continues to Fall in May

By the end of May 2021, the percentage of Switzerland’s workforce registered as out of work had fallen to 3.1%, down from 3.3% in April 2021. © Rafael Ben Ari | Dreamstime.com The figures are based on those registered as unemployed at regional employment centres and exclude many of those that have been out of for more than two years and have exhausted their rights to collect unemployment benefits. Many measures of unemployment, such as the one recommended by the...

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The Inflation Emotion(s)

Inflation is more than just any old touchy subject in an age overflowing with crude, visceral debates up and down the spectrum reaching into every corner of life. It is about life itself, and not just quality. When the prices of the goods (or services) you absolutely depend upon go up, your entire world becomes that much more difficult. For those at the “bottom”, that much more unbearable (hello Communism!) The real issue in that situation isn’t that narrow slice of...

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