Wealth

Currently, more than half of all daily transactions in Europe are made with cash. However, a study from the ECB shows that while cash is still the most frequently used means of payment, its use is rapidly declining and will be at under 50% in the next few years. Our

In the current global landscape, the expected cash flow of an asset is always considered the most important value driver, but there are two drivers that also play an important role in determining the change of the value of an asset – these are (I) changes of uncertainty (risk premium) and

One of the first concepts that business schools teach is that of competitive advantages in the production of goods and the benefits of outsourcing to maximize efficiency and profitability. When a company outsources part of its production processes in another country, it is called “offshoring”. In many cases, this involves

Thus far, 2023 has proven to be a resilient year with better than expected economic growth and positive market returns across developed equity markets, but the outlook is getting cloudier. Consumer spending in the US continues to be robust, business investment remains relatively strong, inflation is declining, but remains above

| FUTURE OF FINANCE Once at the forefront of digitalisation, financial institutions have fallen behind, still feeling the after-effects of the Great Financial Crisis. Established business models are threatened by the rise of newcomers, such as those in financial technology (FinTech), digital assets, and decentralised finance (DeFi). A new cycle of

In the year 1846, a community of around 300 families, seeking refuge from unrelenting religious persecution, embarked on a courageous journey from Nauvoo, Illinois, to what we now know as Salt Lake City, Utah. These intrepid individuals eventually numbering about 56,000 and known as the "Mormon Pioneers,"