The United Arab Emirates is projected to maintain its position as the world’s premier destination for attracting high-net-worth individuals for the third consecutive year. Recent research conducted by Henley Private Wealth Migration Report indicates that the UAE is on track to welcome a staggering 6,700 millionaires from across the globe by the end of 2024.
In a significant move for the British fintech firm Zilch, the company announced on Wednesday that it has successfully raised $125 million in debt financing from German banking giant Deutsche Bank. This deal marks a turning point for Zilch as it positions itself to triple its sales in the upcoming years and advance towards an
Boeing CEO Dave Calhoun is set to address a Senate panel regarding the company’s less than perfect culture as new whistleblower allegations emerge just ahead of the hearing. Calhoun, who is planning to step down before the year ends, will face questioning from the Senate Permanent Subcommittee on Investigations. These allegations come as Boeing strives
The issue of heirs’ property, where homeowners die without a will and informally leave property to multiple descendants, has far-reaching consequences on wealth transfer. With more than $32 billion in assessed values of U.S. property at stake, these non-formal ownership arrangements can lead to a host of challenges. Not having a clear legal title can
The $84 trillion Great Wealth Transfer set to take place over the next 10 years is expected to have a significant impact on various generations, with Generation X emerging as a major beneficiary. Contrary to popular belief, millennials and members of Generation Z may not be the primary recipients of inheritances from baby boomers, as
The U.S. Bureau of Labor Statistics recently reported that the average worker in the private sector saw their real hourly earnings increase by 0.8% from May 2023 to May 2024. This growth in “real” earnings takes into account the impact of inflation on workers’ wages, meaning that Americans are able to purchase more with their
Warren Buffett’s Berkshire Hathaway has been making strategic moves in the energy sector by steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. With each trading day from June 5 to Monday, Berkshire Hathaway acquired an additional 7.3 million shares of Occidental Petroleum, bringing its total holding to over 255 million
Senator Elizabeth Warren is not one to shy away from confrontation, especially when it comes to holding powerful figures accountable. In a recent letter to Federal Reserve Chair Jerome Powell, Warren accuses him of prioritizing the interests of the financial industry over the well-being of the American people. She expresses her disappointment in reports suggesting
The intersection of technology and entertainment has reached new heights with the introduction of augmented reality (AR) glasses. Xreal, an Alibaba-backed startup, has recently unveiled the Beam Pro, a revolutionary smartphone-like device that enhances the viewing experience of games and movies on Google Play Store apps in three dimensions. This groundbreaking innovation opens up a
In 2024, Hong Kong once again claimed the title of the world’s most expensive city for expats, according to Mercer’s Cost of Living City Ranking. This ranking revealed that Asia’s major financial centers, including Singapore and Zurich, were among the top three costliest cities for international workers to reside in. Cities in Switzerland, such as