NEWS

Swiss competition authority launched an investigation into some of huge banks’ actions that were supposedly aimed at boycotting mobile payment solutions, like Samsung Pay or Apple Pay. Investigation covers Swiss units of UBS, Credit Suisse and local entities: Aduno Holding, Swisscard AECS GmbH, PostFinance.

New bond that will be pegged to Swiss Franc and represent the currency on blockchain was issued on Thursday, Nov. 1st. The instrument crated by Swiss Crypto Tokens aims to attract mass investors to cryptocurrencies.

New data on immigrants in Switzerland shows that the immigration of European citizens has fallen down so far this year by 3 percent comparing to 2017. This is in line with a trend that has been noted since 2008, the peak year of migration to Switzerland.

New data shows that more than 25 percent of the Swiss population are international residents. Federal Statistical Office published newest data on immigration. However, number of newcomers from abroad is declining.

Swiss economy is predicted to expand by 2 percent this year by cautions calculations made by the Swiss National Bank. This will mean its fastest progress in 4 years. Additionally, the surplus forecast for financial year 2018 is now projected at CHF 2 billion, better than previously estimated data.