The AI landscape is in turmoil. A little-known Chinese company has developed an AI chatbot that rivals market leader OpenAI’s technology but at a fraction of the cost. This comes at a time when US tech giants have committed billions to AI investments—an …

Last week, the Federal Reserve unanimously decided to leave interest rates unchanged. This decision no doubt ran counter to the instincts of the US president, who has repeatedly called for immediate and sharp rate cuts. He justifies this stance by …

Bond markets struggled in the fourth quarter of 2024. Inflation proved sticky in the US, dampening hopes of larger interest-rate cuts and sending long-term bond yields higher. In Europe, political volatility in France and Germany, along with a more …

Private banking stands at a pivotal moment, as institutions navigate the balance between technological innovation and the fundamental human relationships that define wealth management. While digitalisation offers efficiency and scalability, it cannot …

Norway’s sovereign wealth fund, the world’s largest asset manager, has become embroiled in an escalating conflict between CEO Nicolai Tangen and Elon Musk, after recently released text messages revealed a heated exchange over Tesla’s pay package. While …

Romeo Lacher will step down as chairman of Julius Baer at the bank’s annual general meeting in April 2025. A successor will be nominated for election in March 2025. Lacher has served as chairman since 2019 and is currently chairman of SIX Group and …

Measures intended by Finance Minister Gilles Roth to improve “talent attraction and retention” for Luxembourg firms were adopted without material changes by this country’s parliament shortly before Christmas. Now law, this legislation, which among several …

UI efa, a fund service provider and part of Universal Investment Group, has strengthened its focus on alternative investments with the appointment of two new business development directors, Emma Causevic and Pamela Valasuo. The move reflects the firm's …

A recent analysis of portfolio allocations reveals the stocks most favoured by top-performing equity managers globally. The report, produced by Citywire, ranks the popularity of shares based on holdings data from high-conviction investors. Alphabet , the …

The Luxembourg government on Monday unveiled its 2030 roadmap for developing the financial sector, placing financial innovation at the centre of its ambitions to remain a leading global financial hub. Climbing the international financial-sector value …

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