Swiss Bank UBS gets an investment boost from wealthy Asian clients as the company hits another low in the quarter. Through their rich Asian partners, the bank successfully added a $15.7 billion to their account. The boost allowed the...
The newly created sovereign wealth fund of Egypt is planning to buy stakes from power plants co-developed by Siemens AG, reported Bloomberg. The fund seeks to acquire around 30% of the shares, with international investors holding the rest of...
Renowned Swedish furniture maker, IKEA, has agreed to pay the $46 million settlement following the death of a 2-year-old toddler via a recalled Malm dresser. The dresser reportedly crushed the toddler to death.
According to NPR, there have been at...
While millions struggle with massive job losses, the top 1% have witnessed a soar in their net worth during the COVID-19 pandemic. In a report published by The Institute for Policy Studies and Americans for Tax Fairness on Thursday,...
Eric Tse, a recent university graduate, and son of Sino Biopharmaceutical’s founder have become a billionaire overnight after receiving around one-fifth of their company shares as ‘gift’ from his parents.
According to a report from CNN, the 24-year-old recent graduate...
College graduates of the class 2018 owe the government an average of $29,000 student debt, according to a report by The Institute for College Access & Success.
The class 2018 are in deeper debt compared to previous classes because the...
Experts say that the lifestyle and consumption of the society’s 0.01% is a contributing factor in the on-going climate crisis experienced throughout the world. The Australian reported that scientists consider the human activity as an important factor that contributes...
Tokyo-based wealth management group Nomura announced its plans to hire more private bankers in its Hong Kong and Singapore offices. Nomura’s decision comes as the group pushes its Asia wealth management drive throughout Asia, notes Bloomberg.
Nomura is a wealth...
A New York state judge ordered President Donald Trump to pay $2 million in settlement to resolve a civil lawsuit against Trump Administration, on the alleged ‘unlawful coordination’ with his 2016 Presidential campaign.
Last Nov. 7, 2019, Trump said that...
Saudi Arabia’s sovereign wealth fund has recently bought numerous minority stakes in major United States companies. This brings the sovereign wealth fund to a portfolio valued at approximately $10 billion, notes Reuters.
The Saudi Arabia Public Investment Fund (PIF) clocks...
