Hong Kong tops New York as home to world’s wealthiest individuals
Sep10

Hong Kong tops New York as home to world’s wealthiest individuals

A study by research firm Wealth-X has found that the number of ultra-rich people rose 13 percent worldwide in 2017, totaling about 256,000 individuals with combined assets of $31.5 trillion. According to the report, Asia saw the fastest growth, driven by mainland China and Hong Kong. The growth in the number of people worth $30 million or more (the so-called ultra-high-net-worth individuals) surged 19 percent in Asia, twice the growth...

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German police officers who gave Nazi salutes suspended after alcohol-induced antics
Sep03

German police officers who gave Nazi salutes suspended after alcohol-induced antics

Two police officers and a security guard are under investigation in Germany for allegedly giving banned Nazi salutes while drunk at a bar. The incident comes as German police battle accusations of links to the far-right. Law enforcement was notified of the offensive behavior by a witness who was also at the bar in the city of Rosenheim, Bavarian police said in a statement on Saturday. The three men were making Nazi salutes and...

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Russia may ditch dollar in oil trade as it is too risky – finance minister
Aug13

Russia may ditch dollar in oil trade as it is too risky – finance minister

The US dollar is not a reliable tool for payments in international trade, Russian Finance Minister Anton Siluanov told Russian media. Payments in national currencies might be used instead, he said. In an interview to Rossiya 1 TV, the finance minister expressed doubt that the internationally recognized currency is reliable. Siluanov also said he does not “rule out” the possibility of switching to national currencies in oil trade. “We...

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Corporate crime: Five biggest financial scams of all time
Aug06

Corporate crime: Five biggest financial scams of all time

When it comes to big money there’s a whole lot of room for screw-ups, cover-ups and everything in between. The business world is no stranger to scandal with many wheeler dealers ready to gain at other people’s expense. Money managers, chief executives, lawyers… some are dead or in jail, others doing just fine, after masterminding white collar crimes amounting to billions of dollars. Let’s have a look at the biggest financial...

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Support for Macron & Merkel’s coalitions plunge to record new lows – polls
Jul30

Support for Macron & Merkel’s coalitions plunge to record new lows – polls

The people’s dissatisfaction with the leading EU governments appears to be rising, as fresh polls show a record decline in the ratings of French President Emmanuel Macron and of German Chancellor Angela Merkel’s ruling coalitions. Support for Merkel’s conservative Christian Democratic Union (CDU) and its sister party, Bavaria’s Christian Social Union (CSU), has gone down to its lowest level since 2006, an Emnid poll, published by Bild...

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