NEWSWORTHY
Financial assets at households of two or more members in Japan averaged ¥11.51 million in a 2018 survey, unchanged from the previous year, the Central Council for Financial Services Information has said. More responding families saw income growth on the back of wage and bonus ...
The night a Chinese billionaire was accused of rape in Minnesota
With the Chinese billionaire Richard Liu at her Minneapolis area apartment, a 21-year-old University of Minnesota student sent a WeChat message to a friend in the middle of the night. She wrote that Liu had forced her to have sex with him. "I was not ...
Amazon briefly becomes second U.S. company to reach $1 trillion market value
Amazon.com Inc. on Tuesday became the second publicly traded company to reach $1 trillion in market value, hot on the heels of Apple Inc. The milestone is another sign of Amazon's swift rise from an online bookseller to a behemoth that sells toilet paper, TVs ...
Thai King Maha Vajiralongkorn named owner of Chakri dynasty's billions
Thai King Maha Vajiralongkorn has been granted full ownership of the palace's billions of dollars worth of assets under a law passed last year, according to a rare "explanatory note" published by the financial arm of the powerful but secretive monarchy. Vajiralongkorn inherited one of ...
U.N. special rapporteur says American poverty is deepening under Trump
Poverty in the United States is extensive and is deepening under the Trump administration whose policies seem aimed at removing the safety net from millions of poor, while rewarding the rich, a U.N. human rights investigator has found. Philip Alston, U.N. special rapporteur on extreme ...
Korean Air HQ raided by prosecutors over suspected embezzlement by owning family: Yonhap
South Korean prosecutors raided the headquarters of Korean Air Lines Co. Ltd on Thursday over suspected embezzlement, tax evasion and breach of trust by members of its founding family, a prosecution official said. The investigation is the latest involving the flag carrier's controlling family, which ...
Baby-faced playboy Jho Low, a financier at the center of Malaysia's 1MDB mega-scandal, may find his days of hobnobbing with celebrities and splurging on property and art are numbered as the new government pledges to bring him to justice. Suspected of being a key figure ...
'Nut rage' Korean Air heiress now questioned for illegal maids
A Korean Air heiress known for a "nut rage" tantrum that sparked national uproar was summoned for questioning Thursday for illegally hiring immigrants to work as maids, the latest scandal to engulf her billionaire family. Cho Hyun-ah kept her head bowed as she reported to ...
South Korean police seek arrest warrant for Korean Air chairman's daughter
South Korean police are seeking an arrest warrant for the youngest daughter of Korean Air Lines' chairman on suspicion of assault during a recent angry outburst, police said on Friday. Cho Hyun-min, the younger sister of the notorious "nut rage" heiress of the airline, who ...
World's richest are buying their way to a longer life
Money might not buy love, but it can buy better health. And, to live as long as possible, the world's wealthy are willing to pay up. Over the past few decades, the average person's lifespan has risen almost everywhere in the world. In China, the ...
The ethics of reducing wealth inequality
Addressing income and wealth disparities will require a careful balance between policies that ensure equality and policies that reward work and innovation.
Sister of Korean Air 'nut rage' heiress investigated for possible assault
South Korean police launched an inquiry into the sister of Korean Air's infamous "nut rage" heiress Friday over claims that she hurled water into a man's face during a business meeting. Cho Hyun-min apologized for her "reckless behavior" after the latest incident to draw widespread ...
