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Switzerland's prosperity is not guaranteed, as evidenced by Germany's decline when key factors are neglected. Companies prioritize stability over government intervention, seeking to navigate challenges like skilled labor shortages and regulations that hinder flexibility. A recent survey highlights the critical need for a stable economic environment to foster dynamism and investment.
Raiffeisen, a century-old bank, celebrates its 100th anniversary while navigating modern challenges with a commitment to its cooperative roots and principles. Hervé Broch, Chairman of the Executive Board of Banque Raiffeisen Région Genève Rhône, emphasizes the bank's stability and adaptability in a changing financial landscape. As digital solutions emerge, the institution remains focused on its long-term vision, reflecting Swiss values amidst global movements.
UBS is poised to outsource thousands of back-office jobs, starting with document printing, as it partners with Chain IQ and SPS. The Uetlihof printing operations are set to cease by the end of 2025, raising concerns over data protection and potential monopolistic pricing in the specialty printing sector. The move signals a broader trend of outsourcing across various banking functions, with implications for the entire Swiss financial landscape.
Christoph Villiger has been appointed as the new Chairman of Raiffeisen Wasserschloss, effective from January 1. This follows the departure of Thomas Eichholzer in June, leaving the position vacant for six months before Villiger's selection by the Board of Directors.
German jam producers are facing a crisis due to a "catastrophic" 2024 fruit harvest, with volumes of apples, sour cherries, and strawberries down by a third, and sour cherries experiencing a 60% shortfall. Unfavorable weather has impacted harvests across Europe, leading to skyrocketing raw material prices. Major retailers are pressuring suppliers for price reductions, risking gaps on supermarket shelves as manufacturers struggle to meet demand.
Raiffeisen Chief Economist Fredy Hasenmaile discussed interest rates, foreign exchange markets, and the real estate sector, highlighting the impact of falling rates on yields and vacancy rates. A building boom is evident in some Rhine Valley villages, though construction activity varies significantly across the region. The event concluded with networking among real estate experts.
In the 2023/24 financial year, agricultural enterprises in regions with a Chamber of Agriculture experienced a significant decline in results, averaging a drop of over a third, with losses ranging from 29% to 52%. While dairy farms saw their earnings roughly halved, organic farms maintained stability with net profitability exceeding 100%. Looking ahead, weak yields and low prices in arable farming are expected to further impact income, despite rising raw milk prices benefiting milk producers.
St.Galler Kantonalbank (SGKB) ranked last in the WWF"s environmental rating of Swiss banks, criticized for neglecting sustainability in investments and lacking environmental guidelines. In contrast, Thurgauer Kantonalbank secured third place, recognized for its proactive measures in supporting corporate clients" decarbonization efforts. Despite some progress, no bank is currently aligned with the climate target of 1.5 degrees.
Thomas Nussbaumer, an IT and information security expert at Raiffeisen Vorarlberg, discusses the increasing threat of cyber attacks on finances in a recent video. He outlines the measures the bank takes to safeguard customer assets and enhance security in banking.
Thomas Nussbaumer, an IT and information security expert at Raiffeisen Vorarlberg, discusses the increasing threat of cyber attacks on finances and outlines the measures the bank takes to safeguard its customers. The insights were shared during a Raiffeisen LIVE event focused on security in banking and payment methods.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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