Bloomberg

Beijing: Billionaires Capital Of The World

Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes' annual rich list.The Chinese capital added 33 billionaires last year and now hosts 100, said the business magazine.This narrowly beats New York City, which hosts 99 and has held the top ranking for the last seven years.China's quick containment of COVID-19, the rise of its technology firms and stock markets helped it gain top spot.Although Beijing now has more billionaires than

8 April 2021
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ASEAN pushing global GDP growth

Despite rising trade tensions and geopolitical risks, half of ASEAN’s member states are among the top drivers of global growth.The International Monetary Fund’s (IMF) World Economic Outlook released last week painted a bleak future for the global economy which is in a “synchronised slowdown” and is anticipated to grow 3.0 percent this year – the weakest since the 2008 global financial crisis. It is also a 0.3 percentage point downgrade from the IMF’s World Economic Outlook in April a

23 October 2019
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Wall Street Journal ends print editions in Europe, Asia

The Wall Street Journal, part of Rupert Murdoch’s News Corp., is closing down print editions in Europe and Asia as a result of shrinking advertising.The final print edition in Europe will be Friday, with the Asian edition ending a week later, the newspaper reported Thursday in an article, citing company officials.

29 September 2017
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