Family businesses are important in today's global economy, but their larger corporate competitors frequently overshadow them. Many people associate family businesses with small, local companies, but the reality is that some of the world's largest companies have a rich tradition of family ownership. These family businesses not only contribute to the global economy but also demonstrate remarkable longevity and stability, enabling them to thrive even in challenging times.
In Germany, 440,000 properties are handed over to younger family members each year, either through inheritance or donation. More than 50% of them are single-family houses; the rest are apartments, plots, and residential buildings.
Switzerland has long been revered as a powerhouse in the world of chocolate. Its reputation as a producer of high-quality chocolates is well established, and it is home to several internationally recognised brands. With a strong domestic market and a thriving export industry, Switzerland has solidified its position as one of the largest chocolate exporters in the world. In this article, we explore the factors that have contributed to the success of Swiss chocolate, from its pioneering history to its commitment to sustainability.
Water is one of the most important raw materials on earth and is essential for our survival. However, with the increasing drought, some difficulties may arise with the water supply. According to the Federal Office for the Environment, Switzerland's water reserves are sufficient. Groundwater supplies 80% of drinking water, while the rest comes from lakes. Despite low conditions, there is still sufficient water in the significant groundwater sources. However, in times of drought, bottlenecks can occur in smaller local groundwater resources and springs. Therefore, calls are often made to conserve water during these periods.
For more than 30 years, the IMD World Competitiveness Centre has conducted research on how nations and enterprises compete to lay the foundations for future prosperity. In the 2023 ranking, Denmark, Ireland, and Switzerland have been named the top three among 64 economies measured for their global competitiveness.
Family offices, if they want to remain successful, have to be open to change and always keep an eye on the latest trends and forecasts. As a result, the world of investment can change rapidly. So join us in taking a look at what family offices are increasingly investing according to latest studies on this subject.
In recent years, philanthropy in Asia has undergone a significant transformation, with a new generation of generous individuals emerging as powerful forces for change. From India to Hong Kong, these philanthropists are reshaping the landscape, inspiring change, and creating lasting impact. In this feature, we explore the exemplary stories of Asia's most prominent philanthropists, showcasing their commitment to education, healthcare, climate change, and beyond.
The financial industry in Switzerland employs more than 200,000 people and generates close to 10% of the nation's total employment. It is essential that the whole financial system as well as the clients of the financial market are adequately secured. In Switzerland, this is the responsibility of the Swiss Financial Market Supervisory Authority (FINMA).

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