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Le cartnotzet

The Franc Doesn't Need an App

Everyone treats digital money as a race. Washington thinks it won by banning the starting gun. In January 2025 the White House barred federal agencies from issuing a digital dollar, then in July signe

14 Oct 2026

📊 Edito

⚽ The Helvetic Underground

Ramon Vega wants Infantino's chair. Switzerland worked out more than a century ago that the chair is the problem.

13 Oct 2026

Le cartnotzet

The Botox Empire That Doesn't Sell Botox

Why does a stock filed under Botox trade at 8x sales, nearly twice L'Oréal's multiple? Galderma has been labelled the Swiss Botox empire, the share that rides the cult of the frozen forehead. One prob

7 Oct 2026

⚽ The Helvetic Underground

Ramon Vega wants Infantino's chair. Switzerland worked out more than a century ago that the chair is the problem.

12 Oct 2026

🥱 Crisis at 0.8%

Central banks are hiking into an oil shock. The Swiss National Bank raised its growth forecast and went to lunch.

5 Oct 2026

🇨🇭 Moscow Liked This One

Switzerland was asked to hand Russia a veto over its own sanctions. It said no by 42 points, then went to lunch.

28 Sep 2026

🚜 Try Digging

The Swiss research behind Gravis deserves more attention than its unicorn label.

21 Sep 2026

🇨🇭 Not a Boom

Any other government would have thrown a parade. Bern issued a caveat.

14 Sep 2026

🔧 Charge More

Washington tariffs, Brussels subsidises, Bern raises prices. One of these is a strategy.

7 Sep 2026