According to a joint analysis by Henley & Partners (H&P) and New World Wealth, the number of dollar multimillionaires—those whose fortune surpasses $100 million—has climbed by 12% over the course of the year. There were 28.4 thousand of them in the world as of June of this year. 38% of them reside in the United States, making up the majority of them. Based on the number of residents with...

Ukraine has begun negotiations with key bondholders to restructure $20 billion in public debt and find new investors. Grant funding is one choice, although IMF programs do not offer it throughout the debt restructuring period, according to Reuters. Ukraine has commenced active negotiations with significant investors in order to discuss strategies for restructuring its $20 billion foreign debt and...

According to Israeli media on Sunday, which cited medical professionals, the number of fatalities in Israel from assaults by the Palestinian group Hamas has surpassed 300 on Saturday. The number is expected to increase further since many people have had such serious injuries. Currently, 1,590 casualties are believed to have occurred overall. Dozens of hostages, including military people, are...

According to Kristalina Georgieva, the chief of the International Monetary Fund (IMF), the loss of global production from 2020 to 2023 will be $3.7 trillion. She claimed that the United States was the only nation that had been able to restore its economy to its pre-pandemic level. "Economic fragmentation poses a threat to further erode economic prospects, particularly for emerging and developing...

UBS Group AG and the government of Mozambique came to an agreement to resolve the country's complaints about Credit Suisse's involvement in the scandal around financing of the purchase of tuna fishing vessels. The sides reached the arrangement immediately before the trial started on October 2 in London, the Financial Times writes. According to UBS, Mozambique and Credit Suisse "mutually...

According to a survey by Wells Fargo Bank and the Latino Donor Collaborative (LDC), a nonprofit organization, the contribution of Hispanics to the US economy increased to $3.2 trillion in 2021 from $2.8 trillion in the previous year. The GDP of the Hispanic population as a whole would be larger than that of the UK, India, France, and Italy combined, placing it sixth in the world, just behind...

On Sunday, the first phase of the EU's Carbon Border Adjustment Mechanism went into force, requiring foreign importers in six carbon-intensive industries that supply the EU with their products to report harmful emissions to the European Commission. Later on in the mechanism's lifecycle, it will compel exporters from outside the EU to make up any discrepancies in payments for harmful air emissions...

According to Bloomberg, which cited its own sources, the German government and Dutch power grid operator Tennet Holding are close to finalizing a deal for the German government to purchase Tennet's entire German company. The agreement is expected to be worth around €20 billion. The largest grid in Germany is owned by Tennet, one of four businesses that govern the country's energy infrastructure....

According to a press release from the watchdog, Basel III's final components, the so-called Basel 3.1 requirements, will not be implemented in the UK for another six months. The British Central Bank states that the extension of the "Basel 3.1" deadline is intended to assist credit organizations with their planning. The transition period will be shortened to 4.5 years in order to guarantee full...