The latest research from Henley Private Wealth Migration Report highlights the United Arab Emirates (UAE) as the leading wealth magnet for the third consecutive year. An unprecedented net inflow of 6,700 millionaires from around the world is expected by the end of 2024, positioning the UAE at the forefront of global wealth migration. In comparison,
The recent news about British fintech firm Zilch securing $125 million in debt financing from Deutsche Bank is a significant development for the company. This deal is aimed at accelerating Zilch’s growth and helping the company move closer to an initial public offering. However, upon closer analysis, there are several aspects of this deal that
Xreal, an Alibaba-backed startup, has recently introduced a groundbreaking product known as the Beam Pro. This new Android mobile device offers a unique experience by enabling users to view games and movies on Google Play Store apps in three dimensions through augmented reality glasses. The Beam Pro serves as a bridge between AR glasses and
Over the past year, American workers have experienced an increase in their buying power due to falling inflation and a robust job market. According to data from the U.S. Bureau of Labor Statistics, the average worker in the private sector saw their real hourly earnings grow by 0.8% from May 2023 to May 2024. This
The issue of heirs’ property and appraisal bias has been a longstanding problem that affects homeowners, particularly in communities of color. According to estimates from JPMorgan Chase, more than $32 billion in assessed values of U.S. property may be at risk due to these issues. This can have serious consequences, including difficulties in passing on
The $84 trillion Great Wealth Transfer expected to occur in the next 10 years will have a significant impact on different generations. While millennials and Generation Z are often highlighted as the primary beneficiaries of this transfer as baby boomers pass down their fortunes, a new study suggests that Generation X may actually receive the
Boeing CEO Dave Calhoun faces a Senate panel on Tuesday to address the ongoing issues at the company. Despite acknowledging that Boeing’s culture is “far from perfect,” Calhoun is under scrutiny as fresh whistleblower claims have surfaced just hours before the hearing. These claims allege that the company mishandled hundreds of defective parts, raising serious
Warren Buffett’s Berkshire Hathaway has been making significant moves in the energy sector, particularly with Houston-based oil and gas producer Occidental Petroleum. Over the past nine trading sessions, Berkshire Hathaway has been gradually increasing its stake in Occidental Petroleum, bringing it to almost 29% of the company. The Omaha, Nebraska-based conglomerate has been steadily purchasing
Senator Elizabeth Warren has accused Federal Reserve Chair Jerome Powell of taking actions that benefit the financial industry at the expense of the public. Warren claims that Powell is pushing for changes to regulations that would decrease the amount of capital large American banks are required to hold. This accusation comes after reports surfaced that
In 2024, Hong Kong once again secured its position as the most expensive city for expats to reside in, as reported by Mercer. Following Hong Kong, Singapore and Zurich made it to the list of the top three costliest cities for international workers. A significant number of Asian financial centers, including Hong Kong and Singapore,