Global families’ wealth climbed by 4.2% in US dollars in 2023, according to Swiss bank UBS's annual Global Wealth Report. The dollar's strength versus the majority of other major foreign currencies contributed significantly to the figure's 3% decline in 2022, which marked the first decline since the 2008 financial crisis. The Americas saw a 3.6% growth in wealth, the Asia-Pacific area saw a...

The privately held Pan American Energy (PAE, a joint venture between UK-based BP and Argentina's Bridas Corporation, which is 50% owned by China's CNOOC Limited), and Golar LNG, which is registered in Bermuda, have finalized their agreement to install a 2.45 million tons per year floating liquefied natural gas (FLNG) terminal in Argentina for a 20-year period. The Vaca Muerta province, which is...

House Speaker Mike Johnson told Fox News Channel that foreign officials from NATO member nations are worried about US President Joe Biden's health and doubt his capacity to lead. "As you are aware, every head of NATO pays a visit to the Capitol. These international chiefs of state and prime ministers come to us and informally express their grave worry," Johnson added. "A weak America is bad for...

The US Transportation Security Administration (TSA) reports that 3 million travelers went through TSA security checks at US airports on Sunday, July 7. This is an all-time high since the TSA was established following the terrorist attacks of September 11, 2001. Experts explain the record traffic with the country's celebration of Independence Day on July 4th, which falls on a long weekend...

A study by the Australian Competition and Consumer Commission suggests that Australia, one of the biggest LNG producers in the world, may experience a gas shortage in two years. The gas crisis is predicted for the heavily populated east coast of the nation in 2027, a year sooner than anticipated. According to the research, this will necessitate shifting LNG that is typically sold on the spot...

Banco Comercial Portugueses (BCP), VTB Capital plc, and OWH SE (former VTB Bank Europe) have settled their claims against Mozambique with a $220 million payment in the infamous "tuna bonds scandal". The Attorney General's Office and the Ministry of Economy and Finance of Mozambique jointly released a statement stating that the parties had reached a pre-trial settlement that permitted the country...

Workers at the World Economic Forum (WEF) in Davos reported widespread harassment and discrimination in the workplace, writes the Wall Street Journal. The newspaper charges Klaus Schwab, the forum's creator, with harassment, discrimination, and violations of workers' labor rights. At least six women have reportedly experienced sexual harassment from WEF senior management, according to the...

Bulgaria and Romania have not proved that they fulfill the economic requirements necessary to become members of the eurozone, writes the FT referring to the European Commission (EC) and the European Central Bank (ECB). These nations' inflation rates are too high in comparison to the rest of the union, according to the ECB and the EC. The organizations also mentioned the continued issues with...

According to Charles Michel, the head of the European Council, the leaders of the European Union (EU) have decided on candidates for leadership roles inside the EU. Specifically, the nomination for a second term as the chair of the European Commission went to Ursula von der Leyen. Furthermore, Kaja Kallas, the prime minister of Estonia, received a nomination for the position of EU High...