Thunderstorms, droughts, and floods are becoming increasingly severe. One of the world’s leading reinsurers, publicly listed company Munich Re, expects that the insured natural disaster damage will exceed the mark of a hundred billion US dollars. The group warned about the consequences of man-made global warming 50 years ago. What causes climate change? This is the crucial question of today. There is another one for insurers: what are the consequences?
Private equity firms have emerged as significant players in the banking sector, marking a notable shift in the dynamic world of finance.
For centuries, the family dynasties have determined the economic, political, and social life of Hamburg. Their names are on the Hansestadt buildings, street signs, and foundation posters. Family activities and business have brought the city and themselves great prestige and immense prosperity. Some of them are mentioned in the following text.
Gold is often considered to be the only safe investment. Its value as a currency stemmed not only from its beauty and rarity but also from its durability. Unlike other forms of currency, such as paper or shells, gold does not deteriorate over time, making it a stable and reliable store of value. But cash or some currencies are also considered safe harbours.
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.
Discover the life and legacy of Jörg Bucherer, the renowned chairman of the Bucherer retail chain, who recently passed away at the age of 87. Explore his remarkable journey, from taking over the family business to his strategic expansions and innovative contributions to the luxury watch industry.
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.
He started his career as a management consultant, and in 2000, he set up an advertising agency with two friends. Both companies were later dissolved. However, German Finance Minister Christian Lindner says that he emerged stronger from this phase and that he also saw his failure as an opportunity.

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