wealth

Business Jul 17, 2021

Foreign luxury cars see brisk sales in Japan amid pandemic

Domestic sales of luxury foreign-brand vehicles such as Italy's Ferrari and Britain's Bentley hit record highs in June going back to 1988.

Asia Pacific Jul 10, 2021

China’s youth are embracing Mao's message

by Li Yuan

The chairman’s call for struggle and violence against capitalists is winning over a new audience of young people frustrated with long work hours and dwindling opportunities.

Asia Pacific Jun 17, 2021

Wealthy residents and workers jump vaccine queue in India's financial hub

by Roli Srivastava

India began vaccinating front-line workers and over 60s against COVID-19 in January but hit a hurdle in May when all adults became eligible for a jab, amid major supply shortages.

World | FOCUS Jun 11, 2021

World’s richest face tax squeeze after 40% boost to fortunes

by Ben Steverman, Laura Davison and William Horobin

The proposals form part of a global revival of initiatives to target the rich, including new taxes on capital gains, inheritances and wealth.

Business Jun 9, 2021

Elon Musk, Jeff Bezos and other billionaires avoid U.S. income taxes, report says

ProPublica says the billionaires did nothing illegal in their tax declarations but employed tax-avoidance strategies "beyond the reach of ordinary people."

Business / Economy Jun 5, 2021

G7 nations 'just 1 millimeter' from historic tax deal

Some of the world's richest nations are within touching distance of a historic deal to close the net on large companies that do not pay their fair share of tax.

Asia Pacific Jun 3, 2021

Hong Kong parking spot sells for $1.3 million, setting record

Hong Kong’s luxury home market has seen record-breaking transactions as buyers’ confidence comes back.

Business May 30, 2021

World's rich floor it in post-pandemic luxury car rush

Europe and North America remain solid markets for luxury brands, but China is where most of the growth can be found.

Business May 30, 2021

Dubai property booms as wealthy buyers escape lockdowns

Dubai's property market is powering out of a six-year malaise as "lockdown dodgers" and wealthy international investors drive a buying frenzy that is breaking records and fueling an economic recovery. Luxury villas are the hottest segment in the market, with European buyers in particular seeking ...

Business | FOCUS May 29, 2021

China tech CEOs slip off backstage to avoid Beijing's glare

A growing list of billionaire Chinese tech chiefs have suddenly left their posts — at least in public — well before their prime.

Business | ANALYSIS May 29, 2021

If not now, when? COVID-19 spurs global push to tackle wealth gap.

Governments worldwide, facing strong evidence that fallout from COVID-19 has widened wealth gaps as well as wrecking economies, have expanded social safety nets.