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HONG KONG, Oct 20 (SCMP): China’s super-rich now own a combined fortune of US$4 trillion, more than the GDP of Germany, the world’s fourth-biggest economy, according to the latest Hurun rich list. Ma’s family wealth grows 45 per cent as a stock market boom and tech mega listings lift the fortunes of China’s billionaires by US$1.5 trillion.
A CHINESE entrepreneur who started a chain of stores selling sleek household items at bargain-basement prices has just become a billionaire, benefiting from the global trend of consumers turning to cheap goods as the coronavirus pandemic eats into spending budgets.
Twitter Inc suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the accounts of several of the world's most famous people in July, according to a report released on Wednesday.
What’s next year going to be like? Better? Or are we in for a long(er) haul in dealing with this pandemic?
IN FINANCIAL terms, cashflow is akin to the bloodstream of a human being – as much as a healthy bloodstream is key to a person’s vitality, so is a healthy cash flow to a person’s financial wellbeing.
OSLO/GENEVA (Reuters) - The United Nations' World Food Programme, which has coordinated medical logistics during the coronavirus pandemic, won the Nobel Peace Prize on Friday in what its boss said was a call to action that no one should go hungry with the wealth in the world today.
SINGAPORE (The Straits Times/ANN): Singapore added three more billionaires to its tally as Asia stayed on as the region with the most uber-rich in the world, according to a report out on Wednesday (Oct 7) by UBS and PricewaterhouseCoopers (PwC).
The huge boost to the fortunes of technology and health-care billionaires during the coronavirus pandemic may be the beginning of a more permanent trend.
The coronavirus pandemic has created a new gaming giant, boosting the fortune of its two founding brothers.