Diversity barriers breaking down (Finally)

First Woman, First African to Lead WTO: Who’s Ngozi Okonjo-Iweala?   Dr Okonjo-Iweala has earlier broken glass ceilings as Nigeria’s first woman foreign minister and finance minister. Over 26 years since the establishment of the World Trade Organisation (WTO), a woman has never helmed the international body that deals with global trade rules, resolves trade…

President Biden becomes the 46th!

Biden Inaugurated as the 46th President   WASHINGTON — Joseph Robinette Biden Jr. was sworn in on Wednesday as the 46th president of the United States, assuming leadership of a country ravaged by disease, dislocation and division with a call to “end this uncivil war” after four tumultuous years that tore at the fabric of…

China’s economy grows!

European stocks weak despite tailwind from Chinese output data   Economic and human cost of new Covid-19 variants weigh on investor sentiment China’s economy, the world’s second-biggest, grew 6.5% in the fourth quarter. European equity markets struggled for direction on Monday as strong economic data from China vied with concerns over a double-dip recession in…

Appetite for takeovers on the agenda

M&A Roadmap for the Banking Industry in 2021   Mergers and acquisitions have returned back on the agenda of Swiss banking with force. Even if the mooted UBS-Credit Suisse-deal seems an unlikely proposition now, there are plenty of other options on the table for 2021, as an overview presented by finews.asia shows.   Big banking has found…

Reality TV at its finest

Trump refuses to concede US election after acknowledging Biden victory   President initially tweets Democrat won because of rigged vote before vowing to fight on Donald Trump refused to concede the US presidential election even after tweeting that Joe Biden had won the race for the White House — his first public acknowledgment of defeat…

THE GRAND DUCHY CONTINUES TO POWER AHEAD

The amount of assets under management has doubled in 11 years   The number of assets under management continues to increase in private banks in Luxembourg, reaching 466 billion euros, according to the ABBL. The most endowed customers are the most numerous. 85% live in Europe, of which only 21% in the Grand Duchy. The Luxembourg financial…

US Elections 3rd November 2020

With Biden bets and Trump hedges, investors prepare for U.S. Election Day   Four years after Donald Trump’s surprise presidential victory roiled markets, investors are prepared for short-term trading turmoil and major long-term policy shifts, on the eve of Tuesday’s U.S. election. Investors could confront dramatically different paths for the country on taxes, government spending,…