NEWS

Another Swiss fintech start-up, attempting to launch the payments network between Europe and Asia, is closed to securing license from FINMA.

Switzerland has introduced new travel restrictions, effective from 8th February, due to the spread of coronavirus mutations, but those won’t affect cross-border workers.

In January the unemployment rate went up once again in Switzerland, reaching 3.7%. It is the highest level since April 2010.

Thomas Jordan, the chairman of the Swiss National Bank, reiterated that the bank won’t change its monetary policy due to the fact being called a currency manipulator by US.

Swiss franc exchange rate got weaker this week as vaccinations programme is scaled down due to delays in delivery from manufacturers.