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Swiss Franc The Euro has fallen by 0.08% to 1.0771 EUR/CHF and USD/CHF, December 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Three brinkmanship dramas continue to play out. The UK-EU trade talks have reportedly made little progress and may have even moved backward, according to some reports, over the past two days. The EU and Poland, and Hungary will be butting heads at the leaders’ summit that begins...

The coronavirus pandemic has forced the World Economic Forum (WEF) to relocate its flagship event to Singapore next year. It will be only the second time in 50 years that it will be staged outside of the Swiss mountain resort of Davos. The 51st annual meeting of business, political and civil society leaders will take place in Singapore between May 13-16, WEF announced on Monday. Organisers added that it plans to return to Davos in 2022. The event has moved out of...

Former Swissair bosses have been ordered to pay CHF2.75 million ($3 million) almost 20 years after the national airline carrier went bust. The bill has been presented to 14 former managers after many years of legal wrangling and court battles. Swissair’s liquidator announced the agreed settlement on Friday, having failed last year to hold the executives liable for the much larger sum of CHF280 million. The grounding of the 71-year-old national airline in 2001 was...

If anything is going to be charged off, it might be student loans. All the rage nowadays, the government, approximately half of it, is busily working out how it “should” be done and by just how much. A matter of economic stimulus, loan cancellation proponents are correct that students have burdened themselves with unprofitable college “education” investments. Without any jobs, let alone enough good jobs, an entire generation of Americans has been hamstrung,...

Swiss Franc The Euro has fallen by 0.21% to 1.0794 EUR/CHF and USD/CHF, December 7(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  Optimists see the belabored talk between the UK and EU as providing for a dramatic climax of a deal, while the pessimists warn that the divergence is real.  Sterling opened three-quarters of a cent lower in early turnover and is now off around two cents.  This, coupled with new US...

May you live in interesting times. Although that sounds like an ancient blessing, it’s believed to be a Chinese curse casting instability and uncertainty on the person who hears it. Blessing or curse, it’s a great description of the year we’ve just come through, and in spite of all the turmoil, there are some things you can do before the end of 2020 to take advantage of all the madness. Strauss Attorneys PLLC has come up with a list of estate planning insights,...

[caption id="attachment_603928" align="alignleft" width="400"] Despite some businesses being opened up again from lockdown, most are still counting the cost of Covid-19. Keystone / Laurent Gillieron[/caption] Overnight hotel stays fell by more than 40% during the summer as Switzerland locked down against coronavirus. The pandemic has also battered the finances of the airline industry, but most smaller companies have retained some optimism for the future. ...

[caption id="attachment_603925" align="alignleft" width="400"] About 3-5% of the investments of 180 Swiss financial institutions taking part in a government climate compatibility test flow into fossil energies like oil, gas and coal, according to a new report Keystone / Larry Mayer[/caption] Swiss banks and retirement funds are still investing enormous sums in fossil fuel companies and thereby contributing to global warming. This is the conclusion of a...

In November, new vaccines showed great promise in fighting Covid-19, and the exhilaration was clear in markets around the world. However, the enthusiasm was not sustained. Many experts and political leaders rushed to warn that while a vaccine could mean the end of the health crisis, the economy – and oil markets in particular – are still in for a rough ride. The previous mechanism whereby the virus drove the economy,...

Most of Europe is back in lockdown, presumably as punishment for our sins of going outside during the summer, and as preparation for the Christmas holidays. It feels like being back in school, where a patronizing teacher indicates that the children are incapable of behaving themselves. To some Europeans, this is a surprising development. Yet to lovers of liberty, the fact that power leads to ever-expanding power is no news. There are many “I told you so’s” in this...