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Dax, FTX, Botox, Cannabis - that was Friday, December 30th, 2022


Every evening we summarize the most important economic news of the day. Today with a sad end of the year for the Dax, a rush of stoners in New York and a new trend among managers.

Dear reader,

At the beginning of this week I wrote about the hustle and bustle of the world and the spreading news fatigue - and asked you what is on your mind at the end of the year.

Your answers made us very happy here in the editorial office.

Because many of you have thanked us: For the fact that we usually find the right volume.

For carefully researching and sorting topics.

For taking a closer look than others.

As Hamburgers we say: Not for that.

And in return, thank you very much for the trust!

Just as many readers have warned us that we should remain critical, continue to question and look under the manhole cover.

Some even have the impression that we don't always do that enough.

We can promise here: We remain skeptical - and will continue to do our best in 2023 to inform you about what moves the economy.

But at the end of the year we want to end on a positive note: Our columnist Henrik Müller has thought about what we can be proud of after this exceptional year.

"2022 was really not a good year," he writes.

"But it offers some grounds for optimism. We can build on that."

He is right!

The business news of the day:

  • Dax with 12 percent annual loss:

    The leading German index Dax fell well below the 14,000 point mark on the last trading day of the year.

    The stock market barometer lost 12.3 percent this year, making 2022 the worst stock market year in four years.

    In 2021, the Dax had increased by almost 16 percent.

    The MDax even lost 28 percent in 2022.

  • Bahamas Seize $3.5 Billion Crypto Assets from FTX:

    Bahamas authorities have seized $3.5 billion worth of cryptocurrencies at the request of former FTX chief

    Sam Bankman-Fried


    This gives hope for customers of the crypto exchange: these billions could soon be paid out.

    Overall, however, an estimated seven billion euros in customer assets are missing.

  • Wirtschaftsweiser Werding calls for cuts in civil servants' pensions:


    Martin Werding

    sees an urgent need for reform of pension schemes in the public sector.

    In the meantime, large pension entitlements have accumulated, especially in the federal states, which are not sufficiently covered by reserves, he said in an interview.

What else kept us busy:

  • Why More Male Executives Are Seeking Life Guidance From Beauty Docs:


    Torsten Kantelhardt

    's top priority is


    The doctor from Rottach-Egern am Tegernsee is the smoothing family doctor for the millionaires.

    But Kantelhardt reveals a little: more and more men are coming to him, he says.

    "Men's desires and demands for rejuvenation measures are becoming increasingly demanding."

    Our colleagues Gisela Maria Freisinger and Sonja Banze followed this trend.

    Their conclusion: the beauty trend in men's world is spreading through the whole country, with a force that could soon lead to a mass movement.

  • First legal cannabis shop opened in New York:

    In the US metropolis of New York, marijuana fans can now buy cannabis legally for the first time.

    There was plenty of interest at the launch of the new store in Manhattan.

    The profits from the sale should flow into social projects.

  • The surprising winners of the year:

    Which countries have done best and worst this year?

    Our colleagues from the British Economist have analyzed various economic factors and compiled a ranking of the OECD countries.

    There is a tangible surprise: The party is currently taking place on the Mediterranean.

    Greece and Portugal were at the top this year.

    Germany, on the other hand, is currently, as colleagues put it, an underperformer - and only comes in 30th place.

My recommendation for the turn of the year:

  • What particularly concerned managers in 2022?

    From Great Resignation to Quit Quitting.

    Seldom have executives and management scientists given as much thought to termination and the relationship between companies and their employees as they do in 2022. This is not surprising.

    Studies show


    events that disrupt our usual routines, such as a pandemic or war, have great potential to trigger change.

    But where is the journey going?

    What do managers have to pay attention to in times like this?

    What to focus your scarce resources on?

    Antonia Götsch, editor-in-chief of Harvard Business Managers, has looked at the management trends of the year for you - and gives you a list of reading tips. 

I wish you a nice end of the year - have a good start into a healthy and happy year 2023!

Yours, Oliver Hollenstein

PS: Do you have any requests, suggestions, information that we should take care of journalistically?

We look forward to your mail at

Source: spiegel

All news articles on 2022-12-30

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