Hong Kong, known as Asia's financial hub, is solidifying its claim as a destination for high net worth family offices. In 2023, the city launched the Hong Kong Academy for Wealth Legacy, an academy dedicated to nurturing financial talent and fostering collaboration between family offices and wealth management professionals. With the support of industry leaders and the government's commitment to attracting new family offices, Hong Kong is poised to manage the lion's share of Asia's wealth.
The world of asset management is at a crossroads. It is having problems and changes that have never been seen before, and they have gotten worse over the past few years. The response from the business has been quick changes and a lot of new ideas, but the future is still unclear. According to the updated EY 2021 Reframing Asset Management study for 2023, a change in strategy is necessary.
Three years after the end of World War II, the Deutsche Mark (DM) was introduced as the official currency in the Western Zones. Since 2001, the banknote has been in history. But even at the end of 2022, D-Mark coins and banknotes worth around 12.3 billion were still in circulation, according to the Bundesbank.
Non-fungible tokens (NFTs) create a unique place in the digital asset space by combining rarity and authenticity. They function as digital certificates of authenticity by representing ownership of unique goods on the blockchain. Individuals with ultra-high net worth (UHNWIs) and high net worth (HNWIs) are increasingly interested in this emerging asset class in an ever-changing global financial landscape.
Saudi Arabia implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. The economy is undergoing a remarkable transformation. As shown in the latest IMF annual review, progress has been most notably reflected in non-oil growth, which has accelerated since 2021, averaging 4.8 percent in 2022.
The economic landscape of live music has long been a subject of intrigue and analysis. In recent years, the rise of pop superstar Taylor Swift has shed new light on the industry and its impact on the broader economy. Dubbed "Swiftonomics," this phenomenon explores the intersection of music, consumer spending, and market dynamics.
This summer was more successful for the air carrier Lufthansa than ever before. In the months of July to September 2023, the operating profit was almost 1.5 billion euros, which is 31% higher than a year ago, the group recently declared. The CEO of Lufthansa Carsten Spohr sees the company on track to increase this number to at least EUR 2.6 billion this year. At the same time, the offer of flights is still lower compared to the previous time.
The Würth Group is one of the world's leading companies in the research, production, and marketing of assembly and fastening materials. The Group operates worldwide and has more than 400 companies in 80 countries with more than 2,500 locations. The Würth Group has firmly established itself on the market by carrying out its main business, the manufacture of assembly and fastening materials. But let's look behind the facade: what makes the company what it is, and how has it managed to become one of the most successful in the world?

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