In an unscheduled appearance he made last week, Pope Francis declared that a “structure of sin” has led to the largest wealth gap in history, said the Rome Reports. This structure is made up of financial organizations, government, and...
Countries of the Persian Gulf are at risk of having their financial wealth depleted in the next 15 years as global oil supply increasingly exceeds demand, the International Monetary Fund (IMF) warned on Thursday.
In a report, titled The Future...
Zamira Hajiyeva, the wife of jailed “fat cat international banker,” recently failed to argue her appeal to keep a GBP 15 million- property in Knightsbridge. Telegraph reported that the Harrods woman filed the appeal in an attempt to overturn...
Ride-hailing giant Grab announced its successful acquisition of Bento Invest, a Singapore-based robo-advisory startup. The acquisition comes as Grab unveils its plans to offer retail wealth management and investment solutions to its customers and partners in the near future,...
For the first time ever, Alphabet Inc. revealed Google business units’ revenue for the fourth quarter of 2019.
The parent company of Google disclosed a 5 percent drop in its stock revenue of $46.08 billion, versus Wall Streets’s expectation...
2020 Democratic candidate Michael Bloomberg becomes the latest presidential hopeful to propose a tax plan targeting the wealthy.
On Saturday, Feb 2, the former New York City mayor unveiled a plan that would raise taxes on the wealthy, repeal President...
William G. Gale, a Senior Fellow in the Economic Studies Program at the Brookings Institution, published a paper suggesting that the United States government can increase its revenue by imposing a “progressive value-added tax.” In the plan proposed in...
Wealth management group Goldman Sachs launched its very first investor day last Wednesday, January 29, 2020. Through this event, Goldman Sachs executives were given the chance to present their plans about growing deposit balances over the next five years,...
The immigrant wealth test proposed by United States President Donald Trump was recently favored by the Supreme Court, said Bloomberg. The proposal, which will require immigrants to undergo an evaluation of their financial status, garnered a 5-4 vote from...
Amid the Lunar New Year holiday, more businesses in China are temporarily closing their operations due to the Coronavirus outbreak.
Among the huge companies that recently closed its doors for customers are McDonald's, Starbucks Coffee, and Shanghai Disneyland.
McDonald's stopped its operations...
