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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Category: Business
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Self-reflection before financial assistance?
Failure to successfully address immediate challenges of relief and rescue risks metastasizing into long term tragedies that could rock the foundations of rural economy for years to come.
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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 Airlift Collapsed After 18 Months Of Operating Even With $85 Million Funds Raised
Less than a year ago Airlift’s growth went through the roof and raised $85 million in a Series B funding round
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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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Indian rupee nears lifetime low: Where to next?
The rupee has depreciated around seven against the dollar this year, making expats who regularly remit money to India or individuals investing in Indian assets curious to know why the rupee has depreciated and what lies ahead By Vijay Valecha The Indian rupee dropped to an all-time low of 80.12 versus the dollar on Monday,...
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FATF cell move puts pressure on rupee
Ministry unaware of mandatory currency declaration by international passengers
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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...
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IMF toughens stance on loan tranche release
Lender links $1.2b approval with bridging yawning financing gap
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Bangladesh, world’s no 2 clothes exporter, sees order drop as power falters
Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery
