168 billion Swiss francs is the amount that the Swiss National Bank (SNB) had to lend Credit Suisse in mid-March 2023, at the height of the banking crisis. This was the only option to prevent the collapse of the once-second largest Swiss bank. The SNB provided a substantial portion of this liquidity assistance without receiving collateral from Credit Suisse. Therefore, in the event of bankruptcy, the Swiss taxpayer could have also lost billions.
"We have achieved an enormous victory. Even from the Moon, you can see it, but surely from Brussels," Hungarian re-elected Prime Minister Viktor Orbán said shortly after the election results were published in 2022. Abroad, a controversial figure; at home, a king who has been in office since 2010 without interruption. The economic situation in Hungary is not at all satisfactory.
Increased inflation rates and monetary turmoil have led to a sharp rise in interest rates. This drives up the volatility of bonds. The increase in volatility has a particularly negative impact on investors who hold a lot of bonds.
The Deutsche Aktienindex (DAX) is 35 years old; its premiere was held on July 1st, 1988. In its history, the DAX has established itself as an important index for the German economy and is one of the most widely used base values for financial products worldwide. In total, eleven Exchange Traded Funds (ETFs) on the index manage assets of over 14 billion euros.
Many Chinese youngsters still live with their parents since their monthly incomes are approximately 750 euros. The phrase "full-time daughters and sons" began trending on social media, and the matter piqued global media interest. In fact, unemployment among Chinese youth has hit an all-time high.
In today's competitive financial landscape, cloud-based portfolio management has become a game-changer for asset and wealth managers. The benefits of cloud-based solutions have altered the attitudes of industry professionals. This digital solution has not only changed the way HNWIs manage their assets but has also opened up new avenues for efficiency, accessibility, and security in wealth management.
The cosmetic industry is constantly evolving, with new brands emerging and established brands striving to maintain their prominence. In 2023, the global cosmetic market witnessed some remarkable shifts in brand value, sustainability practises, and consumer preferences. This article provides a deep dive into the world's most valuable cosmetic brands, their economic performance, and their efforts to stay relevant in an ever-changing market.
For the first time in the European Union, more electric cars have been registered than diesel cars. According to ACEA, the European Automobile Manufacturers Association, the share of diesel cars is 13.4%, while the market share of electric cars rose to 15.1% in June 2023. According to this statement, electric vehicles have recorded the highest increase.

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