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How The Prolonged Drought Affects The Swiss Economy

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.
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Switzerland Ranks Third In The Global Competitiveness Index

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.
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What Are Family Offices Investing In?

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.
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Asian Philantropy: A Rising Generation Of Giving

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.
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FINMA And Its Role

Timon - stock.adobe.com
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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The Rise And Fall Of Sam Bankman-Fried And FTX

In 2022, the world witnessed the incredible rise and sudden fall of Sam Bankman-Fried, a 30-year-old wunderkind who had become the face of the cryptocurrency industry. The founder of one of the largest cryptocurrency exchanges, FTX, Bankman-Fried was celebrated not only for his entrepreneurial success but also for his philanthropy and political influence. By early November, however, his empire and image as a sharp and altruistic billionaire were in tatters.
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Banks In The Philippines Initiate Action On Climate Change

In a proactive move towards addressing the urgent issue of climate change, banks in the Philippines have taken decisive action. Recognising the pressing need to mitigate the environmental impact of their operations, these financial institutions have embarked on a series of initiatives aimed at promoting sustainability and reducing their carbon footprint.
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Millenials And Gen Z: Moving Into The Virtual World

Millennials (born between the early 1980s and 1996), as well as Gen Z (born between 1997 and 2012), were raised in a time of unrelenting technical and social change. They find traditional institutions suspect. The tech bubble, the currency crisis, the Great Recession, COVID-19´s economic turmoil, the growing inequality between the uber-rich and everyone else, and concerns about social and environmental injustices are contributing to scepticism of the stock market’s ability to reliably provide amenable returns.
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