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Mapped: The World’s billionaire population by country

Mapped: The World’s billionaire population by country

North America is home to most billionaires, worth $4.6 trillion. By Avery Koop, Graphics/Design by Joyce Ma Visualized: The World’s Billionaire Population The world’s billionaires—only 3,311 individuals—represent almost $11.8 trillion in wealth. The global billionaire population continued to grow in 2021, increasing by 3%. Over the same period, billionaire wealth also increased by 18%. This map uses data from...

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What is the line, the 170km-long mirrored metropolis in Saudi Arabia is building in the desert?

What is the line, the 170km-long mirrored metropolis in Saudi Arabia is building in the desert?

It remains to be seen how ultra-high-speed transit and cutting-edge infrastructure and services within the most massive building ever constructed can be cost-effective. By Misha Ketchell As climate change rapidly advances, many Middle Eastern states are aiming to make the transition from carbon-based economies to alternatives that attract people from around the world – for tourism, business, work or...

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Why Europe Won’t Exploit Its Huge Gas Reserves

Why Europe Won’t Exploit Its Huge Gas Reserves

Europe has more recoverable shale gas than the U.S., according to estimates. However, the only major fracking activity is in Ukraine, which managed to wean itself off of Russian gas years ago. By Alex Kimani As energy prices continue to soar across Europe, with gas prices surging 26% on Monday after Russia stopped pumping via Nord Stream...

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Beginning of new economic era for Sri Lanka

Beginning of new economic era for Sri Lanka

The economy is expected to contract by 8.7 percent in 2022 and inflation recently exceeded 60 percent. The impact has been disproportionately borne by the poor and vulnerable.” Sri Lankan President Ranil Wickremesinghe said that this is an important step in the history of Sri Lanka. “Not only rising from the bankruptcy crisis and the...