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Donald Trump demands NATO countries increase military spending to 5% of GDP, while the EU faces rising debt and discontent among its member states. Switzerland, thriving through various industries, resists EU integration, with political leaders struggling to gain public support for a contentious treaty that may face significant opposition in upcoming elections.
Nestlé in Ukraine increased production by 10% in 2024, with plans for similar growth in 2025, despite ongoing challenges from the war. CEO Alessandro Zanelli highlighted the resilience of the Ukrainian economy, stable inflation, and the company's strategy focused on sustainability and adaptability. The new plant in Volyn, set to launch in January 2025, aims to create a food production center for significant exports, reinforcing Nestlé's commitment to investing in Ukraine during these challenging times.
A parliamentary inquiry has attributed the collapse of Credit Suisse in March 2023 to years of mismanagement by its Board of Directors and management, while federal authorities were found not at fault. The report emphasizes the need for improved crisis management and legislative reforms, highlighting delays in decision-making and insufficient supervision by the Swiss Financial Market Supervisory Authority (FINMA). The commission has proposed twenty recommendations to prevent future failures of systemically important banks.
WhiteBIT, Europe's leading cryptocurrency exchange, achieved a record annual trading volume of $2.7 trillion in 2024, marking a 200% increase from the previous year. The platform, which serves over 30 million users and has onboarded 1,300 institutional clients, surpassed major competitors like Kraken and is now the second-most visited crypto exchange globally. With a strong focus on security and innovative trading solutions, WhiteBIT continues to expand its global reach and enhance its competitive edge in the market.
WhiteBIT, Europe's leading cryptocurrency exchange, achieved a record trading volume of $2.7 trillion in 2024, marking a 200% increase from the previous year. With a market capitalization of $38.9 billion, the platform has become the second-most visited crypto exchange, attracting over 1,300 institutional clients through innovative strategies and a robust technical infrastructure. The exchange is committed to security, holding top certifications and expanding its global reach, serving over 30 million users worldwide.
WhiteBIT, Europe's leading cryptocurrency exchange, achieved a record trading volume of $2.7 trillion in 2024, marking a 200% increase from the previous year. With a market capitalization of $38.9 billion, the platform has become the second-most visited crypto exchange, attracting over 1,300 institutional clients through innovative strategies and a robust technical infrastructure. The exchange is committed to security, holding top certifications and plans to expand into the US market.
In 2024, North Korean hackers accounted for 61% of the $2.2 billion stolen in cryptocurrency, marking a significant increase from the previous year. Their operations have evolved, focusing on high-value breaches, with notable incidents involving $50-$100 million and over $100 million. Despite a surge in thefts during the first half of the year, activity slowed in the latter half, potentially due to shifting priorities amid geopolitical tensions.
Raiffeisen Bank International faces a critical court ruling in Russia regarding a $2 billion lawsuit that has frozen its local operations, complicating efforts to divest its Russian business amid U.S. and European pressure following the Ukraine war. The bank, which holds significant assets in Russia, intends to appeal the court's decision, while the case stems from a lawsuit by Russian investment firm Rasperia against Raiffeisen and Austrian construction company Strabag. Despite attempts to navigate the situation, including a failed stake purchase in Strabag, the bank's future in Russia remains uncertain as it grapples with sanctions and legal challenges.
Raiffeisen Bank International faces a critical Russian court ruling next week in a $2 billion lawsuit that has frozen its operations in the country, complicating its efforts to divest amid U.S. and European sanctions following the Ukraine war. The case, initiated by Russian investment firm Rasperia, seeks compensation related to Raiffeisen's failed acquisition of a stake in Austrian carmaker Strabag. With around €6 billion in Russia, the bank's future remains uncertain as it navigates intense pressure from Western authorities and ongoing tensions with Moscow.
UBS forecasts gold prices will surge to $2,900/oz by the end of 2025, driven by central banks' increased gold purchases and rising demand for safe-haven assets amid geopolitical uncertainties. The firm anticipates 982 metric tons of gold will be bought in 2024, significantly above the post-2011 average. Additionally, a weaker dollar and ongoing investments in transition metals are expected to further boost market dynamics.
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