China will see a record-breaking exodus of millionaires in 2024, according to a recent report.
Iran blasts US auctioning of Venezuela-owned Citgo Petroleum
Iran has condemned a court decision in the United States to auction the shares of the Venezuela-owned refinery. ( read original story ...)
Property taxes
The current property valuation system in vogue in Pakistan is inefficient and opaque, with at least three different valuations existing for any given property. This includes the FBR valuation ... ( read original story ...)
5 Reasons Why India’s Super-Rich Are Migrating to the UAE
A recent report by Henley & Partners has highlighted a growing trend: India’s super-rich are increasingly migrating to the United Arab Emirates (UAE). In 2023, an estimated 4,300 millionaires are ... ( read original story ...)
China is greenlighting possible death penalties for ‘diehard’ supporters of Taiwan gaining independence
China has no legal jurisdiction in Taiwan, but recommendations like the one issued on Friday are likely to put a further dampener on Taiwanese business. Taipei has already been dropping support for ...
China’s fiscal revenue drops 2.8% in January-May
China's fiscal revenue fell 2.8% in the first five months of 2024 from a year earlier, accelerating from a 2.7% decline in the January-April period, official data showed on Monday, as weak demand ...
China’s mega online shopping festivals losing lustre as Chinese tighten their belts
BEIJING: Beijing resident Liu Zuyi used to scrimp and save months ahead of the Double 11 sales – China’s largest online shopping festival – before splurging on discounted household items or gadgets.
Leader of NATO member Poland visits China, expecting to talk to Xi about Ukraine
Poland’s President Andrzej Duda is in China on a visit that brings the leader of a NATO member to a country that has backed Russia in its full-on invasion of Ukraine. “I am trying to maintain friendly relations with China,
Hedge Funds’ Bullish Copper Bets Run Into China’s Slowdown
Copper surged to a record on a wave of hedge fund money. Now the big question for bulls is when China’s buyers will return.
India’s Future Unicorns See $58bn Valuation Amid Rising Fintech Stars
India’s fintech sector is making significant strides, with the future unicorns currently valued at $58 billion, marking a 1.8% increase from the previous year.