Personal Finance

Switzerland loves credit card but cash is better

In Switzerland there are more than six million credit cards, nevertheless the cash continues to be the favored payment method in the country. However, they are very popular in Ticino: according to a survey, 38% prefers to banknotes and coins when go shopping.

However, about half of the Ticino and the German-speaking Swiss continues to prefer cash to credit and debit cards. In Romandie the majority prefer to pay with a debit card rather than with cash or credit card, according to the results of the survey conducted by the GfK market research.

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Germany: black market labour "helps" or not welfare?

Undeclared work increases the Germany’s welfare, as a group of economists interviewed by Bild said. The German tabloid has opened a debate on the economy submerged after a study by the Institut der deutschen Wirtschaft Iw of Cologne showed that 80% of domestic workers in Germany work in black. Despite the regularization process has increased in recent years, still one in ten is occupied irregularly.

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Bezos world’s 3rd richest person

Overtaking in the historical ranking of the richest men in the world. With a personal fortune of 65.05 billion dollars, the CEO of Amazon, Jeff Bezos, surpassed Warren Buffett, and now he is the number three in the ranking of the richest people in the world, according to the Bloomberg Billionaries Index, after Amancio Ortega and Bill Gates, the historical founder and owner Microsoft.

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Russia’s Alfa Bank first sponsor in FIFA World Cup 2018

The first sponsors of the World Cup of Russia in 2018 comes from the host nation. FIFA announced fact that the first of the 20 slots to be assigned is assigned to Alfa-Bank, Russian banking institution that has been placed in the category of Regional Supporters.

The amount of the sponsorship was not made public. The highest world organism has also announced that negotiations are underway with several companies referring to Asia, Middle East and Africa, North and South America. The designation of regional replaced the former term used for National, which favored companies of the host nation and that he had seen as many as 8 Brazilian companies for the year 2014 and just six in South Africa for the 2010 World Cup.

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The unbalanced scales of wealth in Switzerland

Wealth is distributed in an unbalanced way in Switzerland: this is the Swiss Trade Union report (USS), according to which about 2% of the richest among the Swiss population holds just as much as the remaining 98%.

Low salaries have increased, but this increase is swallowed by a policy of inequality, more taxes and charges, while the higher wages took advantage of a lower tax burden, which since 2000 has fallen from 37% to 32 %. A policy "anti-social" in tax matters carried out by the public authorities has done nothing but reinforce this trend, according to the USS.

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Alert smartwatch, someone could steal your ATM PIN

The smartwatch could actually be dangerous for our ATM PIN. The problem lies in the motion sensors which are now embedded in almost all devices that are worn, and therefore also bracelets for fitness or smart watches.

The warning research conducted by Binghamton University, in the US, in part funded by the National Science Foundation and the Army Research Office, according to which the smartwatch sensors are able to pick up the hand movements, allowing hackers to reproduce the gestures made on the keyboard of an ATM and then access a checking account uncontrollably.

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Epic bubble in the bond market ready to explode

"An epic bubble colossal", so Peter Boockvar, managing director and chief analyst at the Lindsey Group, referring to CNBC what is happening on the global bond markets.

In fact, the market for government bonds perceived as "safe", are touching ever lower yields: that of the ten-year US Treasury bond this week fell to historic lows. According Boockvar, investors are not rushing to buy stocks from very few returns for the interest they offer, but to achieve capital gains (or capital gains).

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Credit Suisse: going ATM with only a smartphone

Customers of Credit Suisse will soon be able to operate at the ATM through his own smartphone. Cash transactions, such as deposits and withdrawals, may be made without using the card and the starting date is set for next Tuesday. It is the first bank in Switzerland to offer this possibility.

According to a press release today, about 330 ATM of Credit Suisse and its subsidiary, Neue Aargauer Bank, have been equipped with the technology to "Cardless Loyalty Cash", the new feature in the app institute called Private Banking Switzerland

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