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World

U.S. failure to renew COVID-19 stimulus threatens further economic decline: study

WASHINGTON, Aug. 13 (Xinhua) -- The impasse in U.S. Congress over renewal of the expiring programs that mitigated the economic impact of the COVID-19 pandemic threatens to undo the stimulus effect of the programs and exacerbate the economic damage from the lockdown, according to a newly released study.

Corporate News

Millionaires ask for higher taxes to pay for virus aid

NEW YORK: Dozens of millionaires from the US and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”

Corporate News

World’s rich question high fees with wealth hitting US$74 trillion

PARIS: Even before this year’s market crash, the wealth-management industry’s richest clients were frustrated about fees.