Total economic losses from natural and man-made disasters rose sharply in 2017 partly due to hurricanes and wildfires, Swiss Re AG said Wednesday, with insured losses for the industry more than doubling. Swiss Re estimates that total economic losses reached $306 billion in 2017, a 63% increase over 2016, based on Swiss Re's preliminary data. Global insured losses from catastrophes in 2017 are estimated to be $136 billion, the company says, the third-highest on the company's records. The 2017 figure compares with $65 billion the prior year and is well above the ten-year average of $58 billion.
The exploding price of the cryptocurrency, bitcoin, in recent months has triggered doubts not only about the financial sustainability of the rally, but also about the environmental sustainability of the currency itself. One alarmist article in Newsweek said that bitcoin computer operations could consume "all of the world's energy by 2020". The website Digiconomist claims that bitcoin operations use as much energy as Denmark, or enough to power 3,071,823 US households.
The chairman of Swiss banking giant UBS said in an interview published Sunday that he does not consider the soaring cryptocurrency bitcoin as money and called for regulators to intervene. "In my opinion, bitcoins are not money," Axel Weber, chairman of Swiss financial giant UBS, said in an interview to Swiss news agency NZZ am Sonntag on Sunday.
Looking ahead to the beginning of 2018, it seems that employers in industries across the board are expecting to add jobs, with certain sectors more likely to hire than others. The global economy will probably expand this year by 2.7%, the World Bank says. Assuming the growth lives on into 2018, a healthy share of the world’s employers plan to step up hiring in the first three months of the year, American recruiting firm ManpowerGroup found in surveys released last week.
Progressive cryptocurrency, Bitcoin, is arguably one of the greatest financial phenomenons. However, there is great uncertainty over who created it and what their net worth is. All that is known about the founder of this progressive financial phenomenon is the name, Satoshi Nakamoto. Beyond this, nothing further is known. Yet, in 2016, Australian entrepreneur Craig Wright claimed that he is Nakamoto. The truth of the matter remains a mystery.
Singapore banned two more financial professionals over breaches related to 1Malaysia Development Bhd., taking to eight the number of prohibitions handed down by the city in connection with the troubled state investment fund, Blooomberg reported on Tuesday. The Monetary Authority of Singapore issued a lifetime prohibition order on former private banker Yeo Jiawei and placed a three-year ban on Kevin Scully, the former chief executive officer of NRA Capital Pte, it said Tuesday.
A 25-year old in Switzerland today would be set for a corporate workplace pension five percentage points lower than that of a compatriot only a few years older, according to a study by Willis Towers Watson. The consultancy’s Swiss arm regularly carries out a benchmarking study of the pension plans of companies making up the Swiss Leaders Index (SLI). This comprises the issuers of the 30 largest and most liquid securities in the Swiss equity market. Companies such as ABB, Julius Baer and Nestlé are currently in the index.
The Global Knowledge Index is based on a combination of six sectoral indices including preuniversity education; technical vocational education and training (TVET); higher education; information and communications technology; research, development and innovation (RDI); and, finally, economy, in addition to a general sub-index on the general enabling environment.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
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