Pandemic pushes Japan's wealthy to spend like there's no tomorrow
Since overseas travel has become virtually impossible, some people have been diverting more of their disposable income into luxury items such as new cars.
Media join the debate over the economics of a universal basic income
Could the introduction of such a welfare model lead to economic inequality?
'Gilded cage': Private pools and fancy meals in Thailand's luxury quarantine
A private infinity pool, gourmet meals — and two temperature checks a day. Welcome to five-star quarantine in Thailand, where well-heeled tourists can live in luxury while obeying some of the world's strictest anti-coronavirus measures. After barring visitors for six months, the tourism-reliant country is ...
How the world’s most expensive skyscraper deal turned sour
The background of the investors behind the record-breaking deal drew as much interest as the transaction itself.
In SUVs and on planes, richest 1% drive climate-heating emissions
The coronavirus pandemic has, though, opened the door to new, progressive policies to help tackle climate change.
At the Genghis Security Academy, students learn that the threats to the country's newly rich are more likely to emerge from a hacker than a gunman.
Rich nations representing a fraction of the global population have already bought up over half the promised COVID-19 vaccine stocks, a study showed, as U.S. President Donald Trump pledged to begin inoculating Americans within weeks. Big Pharma is racing to produce an effective vaccine to ...
It’s been one of the most lucrative weeks in history for some of the world’s wealthiest people. The net worth of Amazon.com Inc. founder Jeff Bezos topped the once-unfathomable amount of $200 billion. Entrepreneur, inventor, provocateur Elon Musk added the title of centibillionaire when his ...
Virus grounding of Asia's private bankers erodes wealth management trade
Private bankers in Hong Kong and Singapore have had their wings clipped by the pandemic, thwarting their pursuit of millionaires scattered across a region where wealth is growing faster than anywhere else. For most of the year, relationship managers in two of the world’s largest ...
China’s recovery threatened by surging prices and stagnant wages
First the pandemic and now floods are slashing the spending power of Chinese households this year, as stagnant incomes and rising costs undermine the strength of the domestic recovery. That trend may also be worsening China’s already severe income inequality, according to data from the ...
U.N. goals crucial as pandemic-linked inequities rise, business leaders say
United Nation's sustainable development goals said key to global peace as the coronavirus pandemic exacerbates social and economic inequalities in Japan and across the globe.
Lost Seoul: Middle-class dreams spoiled by soaring house prices
Even with unemployment spiking as the coronavirus pandemic swept South Korea in February, Baek Seung-min asked his wife to quit her nursing job to help reach a dream they had spent a lifetime chasing: buying their own apartment. The 35-year-old interior designer said giving up ...
