King Charles and Queen Camilla were crowned in Westminster Abbey on May 6^th, with a sumptuous ceremony that delighted the planetary watching crowd. Britons who were celebrating the bestowal of the crown upon Charles III with coronation quiche, scones and booze, paid 25 percent higher prices for food since 2019. Economists at the London School of Economics (LSE) estimate that in the absence of Brexit this figure would be about 8 percent lower, meaning that since 2019 British households overall paid an extra GBP 7bn for food, according to the study.

MBaer Merchant Bank AG is pleased to announce a new collaboration with the China Construction Bank Corporation (CCB) as a custodian for the RQFII/QFII program. 

History is replete with epic changes of heart. Last December, China stunned the world by announcing the exit from the zero-COVID policy, which had been in place since 2020, when Wuhan declared a full-scale lockdown and COVID was known as SARS-CoV-2. Households and businesses no longer should be worried about lockdowns, but the confidence of consumers and entrepreneurs is fragile and sentiment remains shaky. Hardly a surprise after three years of lockdowns.