James Breiding, author of "Too Small to Fail," highlights the strengths of small nations like Singapore and Switzerland in navigating geopolitics. At the recent "Lucerne Dialogue," discussions emphasized Europe's need for innovation over regulation amid a bipolar world dominated by the US and China, with calls for greater independence and unity to enhance bilateral relations with Switzerland. Arancha González Laya urged Europe to seize global instability as an opportunity for new partnerships, advocating for a self-assured Europe to resist superpower pressures.
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.
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