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Switzerland slashes GDP forecast as Trump’s tariffs weigh on economy

Switzerland slashes GDP forecast as Trump’s tariffs weigh on economy

Untere Schleuse wooden bridge in Thun, Switzerland. Education Images | Universal Images Group | Getty Images Switzerland’s government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration’s punitive tariffs as a “heavy burden” on its industries. Officials held their forecast for the Swiss economy to expand by 1.3% this year,…

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PayPal’s crypto partner mints 0 trillion stablecoins in ‘technical error’

PayPal’s crypto partner mints $300 trillion stablecoins in ‘technical error’

A Paypal logo is seen displayed on a smartphone next to cryptocurrency coins. Sopa Images | Lightrocket | Getty Images Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.”  Market watchers had spotted the enormous injection of the…

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