Oxfam, a charity confederation, has said that while the wealth of the world’s top 10 richest people has doubled during the pandemic, the poor around the globe continue to suffer due to a dearth of vaccines and treatment. In a report published on Monday, Oxfam claimed that a 99% windfall …
Read More »Americans got richer thanks to vaccines & Covid policies, Biden claims
The president praised his economic leadership during a press conference on Tuesday, declaring the US was the only country whose residents could count themselves richer than they had been before the pandemic. However, while the Federal Reserve may have printed up a (digital) storm of new money to keep the …
Read More »G20 leaders endorse deal on minimum corporate tax that could make rich states richer, but leave poor ones in the dust
“We call on the OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting to swiftly develop the model rules and multilateral instruments as agreed in the Detailed Implementation Plan, with a view to ensure that the new rules will come into effect at global level in 2023,” the draft conclusions …
Read More »Jack Ma becomes over $2 billion richer in 1 day after record Alibaba fine
Hong Kong-listed shares of Alibaba have rallied for two days in a row. After a strong opening in Hong Kong on Tuesday, they were up nearly 0.5% later in the day, adding to gains of more than 6% on Monday. The company’s US-listed shares surged more than 9% on Monday, …
Read More »Energy billionaires became $51 billion richer from 2021 oil rally
According to the Bloomberg Billionaires Index, a daily ranking of the world’s richest people, US oil tycoon Harold Hamm saw his net worth jump by $3.3 billion year to date to stand at $8.4 billion as of April 2. Shares in Continental Resources that Hamm has founded have jumped by …
Read More »Aussie billionaires get 50% RICHER amid Covid. I’m not applauding; Australia is now even more divided into haves & have-nots
Rich lists are a funny thing – they never really give you a warm, fuzzy feeling. Quite the opposite in fact. While those who compile them are motivated by an inquisitive nature – Who owns what? Where does all the money go? – these tables ranking life’s financial success stories …
Read More »Is it possible to get even richer after devastating coronavirus pandemic? Danes say ‘yes’
The financial wealth of Danes has surpassed pre-pandemic levels, with net financial assets of Danish households surging to 5.66 trillion kroner ($930 billion) from July through September of 2020, according to the central bank in Copenhagen. The regulator said that in the last two quarters, Danish citizens’ financial wealth, mainly …
Read More »Coronavirus will help China become even richer — to the envy of Russia
International experts have revised their forecasts for China’s development. Now increasingly such evaluations: the Chinese economy will be the largest in the world after 30, and after 15 years. These forecasts are based on an analysis of the opportunities offered to the middle Kingdom after overcoming the current crisis. But …
Read More »An independent judiciary could make Russia a safer, more stable and richer
“We need the political will of the first person” An independent judiciary could make Russia a safer, more stable and richer. Why doesn’t he need power? These days there is a good reason to remember the fate of the judicial reform in Russia. October 24, 1991 was adopted the decree …
Read More »Will we ever richer?
The Russian government continues to radiate public optimism, promising his fellow citizens, though small, but still revenue growth. In fact, it is not so fun. The Ministry of economic development of Russia predicts that in the next four years, incomes of Russians will grow (no kidding) two percent per year. …
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