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Swiss voters reject anti-immigration proposal to cap population

Swiss voters appear to have rejected a hard-right proposal to cap the country's population at 10 million by 2050. Early projections show 55% opposition to the anti-immigration initiative, which had sparked fears of economic and EU relation "chaos". Separately, a referendum on making civilian service less attractive also saw a narrow projected win for the bill.

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Investors have worries about Trump’s pick for Fed chair. Should they?
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09.05.2026

Investors have worries about Trump’s pick for Fed chair. Should they?

In an extraordinary break from the diplomatic restraint typical of central banks, a dozen leaders of the world’s foremost monetary institutions issued a joint statement in January declaring their “full solidarity” with the US Federal Reserve and its embattled chair, Jerome Powell. “The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” they wrote. The move was intended to shore up the separation of monetary...

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SCMP Economy