Many feel they are likely to take action in 2021, though lower impact actions are more popular than higher impact actions

Chinese luxury consumers to drive global luxury growth

Solid order intake supports the Group’s Hydrogen objectives

Almost half of Gen Zs say they feelstressed all or most of the time

Identity and Fraud

Business challenges

Leverage exposure and risk-weighted assets CRD4, in € bn, period end

Global monetary policy

For other devices, price has grown most in importance which opens up for refurbished devices. Brand perception has also grown strongly