Tuesday , January 19 2021
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SNB & CHF

Swiss mom an ‘unofficial cultural ambassador’ in America

She kept dreaming of being on a plane that never reached its destination. Those dreams stopped about a year after moving to Colorado. “The pilot would drop us off in a desert, or in the Alps, or the luggage would blow away,” remembers Regula Grenier, who has lived in Colorado since 2007. She sees the end of those dreams as a sign that she’s finally found the right place to live. Originally from Einsiedeln in central Switzerland, Grenier quips that she was “made in...

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2021-01-08 – Swiss National Bank expects annual profit of around CHF 21 billion for 2020

Confederation and cantons to receive distribution of CHF 4 billion According to provisional calculations, the Swiss National Ban k will report a profit in the order of CHF 21 billion for the 2020 financial year. The profit on foreign currency posi ti ons amounted to CHF 13 billion. A valuation gain of CHF 7 billion was recorded on gold holdings. The net r esult on Swiss franc posit ions amounted to over CHF 1 billion. The allocation to the provisions for currency...

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Swiss franc shrugs off being put on the naughty step by US

Switzerland was named a currency manipulator by the US Treasury in December 2020. © Keystone / Gaetan Bally For many foreign exchange traders, the US Treasury’s decision to designate Switzerland as a currency manipulator last month comes nearly six years too late and with a good dose of irony. The Swiss National Bank threw currency markets into full-blown chaos in January 2015 when it unexpectedly abandoned its cap on the franc’s value, within days of a senior...

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A Swiss Rifle Club in America

Swiss rifles were coveted during the American revolutionary and civil wars. Today they’re used for fun by the Swiss Rifle Club of Minneapolis. In the late 1980s, a group of Swiss expats living in Minnesota – all employed by food technology company Bühler – decided to form a shooting club to maintain a tradition from the homeland. They made a deal with a local club willing to share its facilities, and got the green light from the Swiss military, which continues to...

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Swiss balance of payments and international investment position: Q3 2020

In the third quarter of 2020, the current account surplus amounted to CHF 9 billion, CHF 3 billion less than in the same quarter of 2019. This decline was particularly due to the lower receipts surplus in trade in goods and services. In the case of the goods trade, the decline was attributable to gold trading. This decrease was curbed by the expenses surplus for primary and secondary income, which decreased compared to Q3 2019. In the financial account, reported...

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Can 3D printing save the coral reefs?

The oceans produce one in every two oxygen atoms. Coral reefs are like the ocean's rainforest. But it's disappearing, and fast. Ulrike Pfreundt has made it her life's work to find a solution. Pfreundt is a marine biologist at the Federal Institute of Technology ETH Zurich who gets emotional when she talks about coral death. Through 3D printing, she's found a way to make artificial reefs and replace some of the coral that's being lost by providing structures for new coral to grow. She's...

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Why the rock band Queen loves Montreux

The quiet lakeside town of Montreux has become a mecca for Queen fans. They make pilgrimages here each year to leave messages at Freddie Mercury's statue and join in the annual birthday celebrations for the late star, who died in 1991. Now there's even a Freddie Tour - you can follow in the footsteps of the flamboyant singer and visit the Studio Experience in the town's casino. That exhibition is based on the recording studios Queen owned, where the group recorded seven albums. swissinfo.ch...

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Why rock band Queen loves Montreux

Did you know that the quiet lakeside town of Montreux has become a mecca for Queen fans? They make pilgrimages here each year to leave messages at Freddie Mercury's statue and join in the annual birthday celebrations for the late star, who died in 1991. Now there's even a Freddie Tour - you can follow in the footsteps of the flamboyant singer and visit the Studio Experience in the town's casino. That exhibition is based on the recording studios Queen owned, where the group recorded seven...

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Skiing in Switzerland: is it good for your health?

Some Swiss ski resorts are open for Christmas despite pressure from neighbouring countries on Switzerland to close its pistes until the latest coronavirus wave passes. Germany, Italy and France pushed for Swiss resorts to close until January but Switzerland is reluctant to further damage a sector worth billions to their economies. From December 22, all ski resorts will have to prove they have met strict safety standards to obtain cantonal permits to remain open. --- swissinfo.ch is the...

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Swiss style bakery in Boston

Swiss couple Helene and Thomas Stohr run their own bakery in Massachusetts. Every day, they produce an array of Swiss and European treats, including croissants, jelly doughnuts and braided bread. From a young age, the Stohrs dreamed of seeing the world, so they left Lucerne for North America 20 years ago. Thomas, a professional baker, worked in Canada and the US for various eateries, including Mövenpick, while Helene looked after their sons Tobias and Nicolas. The push to launch their...

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