• China leads the way as worlds billionaires get even richer
China leads the way as worlds billionaires get even richer

That compares to 631 in the US. "In that year alone, 44 heirs inherited more than a billion dollars each (56% Americas, 28% EMEA, 16% APAC), totalling USD 189 billion (the discrepancy with USD 117 billion is assumed due to growth of assets in probate and revaluation of assets)", the report said.

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  • Could The $1.6 Billion Lottery Winner Appear On My Lottery Dream Home?
Could The $1.6 Billion Lottery Winner Appear On My Lottery Dream Home?

Mega Millions announced the historic win in a statement early Wednesday. Three tickets matched four of the first five numbers and the Megaball without Megaplier to win $10,000. For the victor, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years. Santo, who was joined by her husband Man...

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  • Crown Prince Muhammad addresses FII at plenary session
Crown Prince Muhammad addresses FII at plenary session

The kingdom's de facto ruler vowed that those responsible for what he described as a "heinous crime" would be held to account, adding "justice will prevail". Mr Erdogan stopped short of mentioning the crown prince who some United States lawmakers suspect ordered the killing. The death of Khashoggi, a USA resident and Washington Post columnist...

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  • Mega Millions And Powerball Combined Jackpots Reach $2.2 Billion After No Winners
Mega Millions And Powerball Combined Jackpots Reach $2.2 Billion After No Winners

The Mega Millions lottery has soared to more than $ 1 billion dollars. With steady sales, the top prize was set to grow beyond $1.6 billion , as lottery officials predicted bettors would buy tickets up until the very last minute. "You'll have relatives you've never heard of popping up or people who one time angered you might be suing yo...

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  • 'Pretty striking': Oil price plunges to six-week low
'Pretty striking': Oil price plunges to six-week low

Economist Intelligence Unit energy analyst Peter Kiernan said it would be self-defeating for Saudi Arabia to cut oil supply, as it would risk losing market share to other exporters while losing its reputation as a stable player in the market.

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  • Mnuchin Won't be at Saudi Conference After Disappearance
Mnuchin Won't be at Saudi Conference After Disappearance

The Post initially held off on publishing the column amid hope for Mr Khashoggi's return, Ms Attiah said. "This is the last piece of his I will edit for The Post ", she wrote. Khashoggi's editor said the article "perfectly captures his commitment and passion for freedom in the Arab world". Mr Khashoggi first began writing for the Post's o...

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  • Turkish police search Saudi consul’s home in Khashoggi case
Turkish police search Saudi consul’s home in Khashoggi case

President Trump said on Wednesday that he doesn't want to sever ties with Saudi Arabia because they have a "tremendous order" for weapons that could potentially create a half a million jobs, until facts are established on US resident Jamal Khashoggi .

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  • Washington Post journalist Jason Rezaian 'shocked' over Khashoggi disappearance
Washington Post journalist Jason Rezaian 'shocked' over Khashoggi disappearance

The New York Times reported on Tuesday that one of the suspects identified by the paper was a frequent companion of Saudi Crown Prince Mohammed bin Salman . The U.S. president has been after King Salman and OPEC to boost production to drive down high oil prices, caused in part by the coming re-imposition of oil sanctions on Iran.

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  • Netflix adds more subscribers than expected
Netflix adds more subscribers than expected

But the Netflix cash burn, as it's called on the Street, is a worthy issue for investors to monitor as it's starting to change the complexion of the company's financials. Netflix first signed a carrier billing in India with Vodafone a year ago; postpaid customers could pay for Netflix on their monthly bills. Wall Street's confidence took a hit...

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  • UK, France, Germany Call For Probe Into Missing Saudi Journalist Jamal Khashoggi
UK, France, Germany Call For Probe Into Missing Saudi Journalist Jamal Khashoggi

Khashoggi , I can not support President Trump's proposed arms sale", Durbin said . On Sunday, Riyadh restated its "total rejection of any threats or attempts to undermine it" through threats, sanctions, or political pressure. The sales are a "tremendous order for our companies", and if the Saudis don't buy their weaponry from the US, they will g...

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  • Imf Warns Of 'somewhat' Greater Global Financial Risk
Imf Warns Of 'somewhat' Greater Global Financial Risk

The IMF expects the US economy to grow 2.9 percent this year, the fastest pace since 2005 and unchanged from the July forecast. The IMF downgraded the economic growth forecasts for the whole region of the Middle East, North Africa, Afghanistan, and Pakistan, compared to the April edition of the World Economic Outlook, reflecting "to an importan...

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  • Evacuations ordered as Hurricane Michael speeds toward Florida in US
Evacuations ordered as Hurricane Michael speeds toward Florida in US

Scott issued an order for a state of emergency for 26 counties in the Florida Panhandle and the Big Bend area. Soon-to-become Hurricane Michael , a tropical storm is gaining intensity south of the Gulf of Mexico . Hurricane-force winds extend outward up to 30 miles (45 kilometers) from the storm's center and tropical-storm-force winds ...

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  • Theresa May speech reaction as Prime Minister pledges to end austerity
Theresa May speech reaction as Prime Minister pledges to end austerity

Standing firmly by her Brexit plan, denounced by Boris Johnson as a "constitutional outrage", Mrs May promised: "If we stick together and hold our nerve, I know we can get a deal that delivers for Britain". Here are the main announcements from the Prime Minister following her speech on Wednesday. Addressing such speculation, Johnson said that...

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  • Elon Musk resigns as Tesla chairman with multi-million dollar settlement
Elon Musk resigns as Tesla chairman with multi-million dollar settlement

Under the settlement , Tesla and Musk will pay $20 million each to the securities regulator and Musk will step down as chairman but remain as chief executive. The settlement marked a swift end to the SEC's lawsuit, which was filed Thursday. The appointment of two new Board members, as well as the creation of a committee tasked with "placing add...

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  • Trudeau disputes Trump's claims that Canada requested meeting with president
Trudeau disputes Trump's claims that Canada requested meeting with president

Canadian Prime Minister Justin Trudeau has indicated he may be willing to jump on a deal with the US and Mexico, but time is running out. Malmstrom reacted strongly to the suggestion that the USA administration is attempting to bully Freeland after Trump criticized Canadian NAFTA negotiators in a press conference Wednesday.

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  • Michael Kors to take control of Versace, say sources
Michael Kors to take control of Versace, say sources

The Medusa head Italian fashion house drew interest from several companies, but it appears that Kors has reached the most complex negotiations of the bunch. Neither Versace or Michael Kors are yet to release a statement regarding the sale at this present time. A spokesman for Blackstone had no immediate comment.

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  • China slams USA 'intimidation' as new tariffs kick in
China slams USA 'intimidation' as new tariffs kick in

American officials say Chinese plans for state-led development of global competitors in robotics and other technologies violate its market-opening obligations and might erode USA industrial leadership. Mr Trump has threatened to impose tariffs on a further US$267 billion of Chinese goods if Beijing does so. The toughly worded report said Beijing ...

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  • Amazon's store expansion is beyond flawless for introverts
Amazon's store expansion is beyond flawless for introverts

Amazon also recently opened the first Amazon Go store outside of Seattle in Chicago. Since then , the company has opened two more Seattle sites and one in Chicago, and has confirmed plans for San Francisco and NY stores. The three stores in Seattle have operated with minimal errors, the few of which have cost less than maintaining a staff of ...

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  • Coca-Cola denies reports they are looking at making cannabis-based drinks
Coca-Cola denies reports they are looking at making cannabis-based drinks

If this partnership ends up being true, this would mark the first entry of a major manufacturer of non-alcoholic beverages into the market for cannabis-related products, in an industry where alcoholic beverage companies have been flocking. Aurora was up more than 15% in early trading Monday following the report . There are no guarantees of any dea...

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  • Apple warns that Trump China tariffs will mean higher prices
Apple warns that Trump China tariffs will mean higher prices

China's trade surplus with the United States ballooned to a new record US$31 billion in August despite a raft of U.S. tariffs, official data showed Saturday, adding fuel to the flames of a searing trade war. "Tariffs increase the cost of our USA operations, divert our resources and disadvantage Apple foreign competitors", the company said. "We...

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  • Freeland, Lighthizer return to NAFTA table today as new deadline looms
Freeland, Lighthizer return to NAFTA table today as new deadline looms

Canada's top NAFTA negotiator Chrystia Freeland , the foreign affairs minister, will return to Washington on Wednesday for a second week of talks over staying in a revamped pact. The North American vehicle industry is a sum of parts made and assembled in Mexico, the US and Canada. Trudeau on Wednesday insisted that Canada would work to maintain...

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  • China says its looking into e-commerce billionaire's US arrest
China says its looking into e-commerce billionaire's US arrest

Reuters has not been able to reach Liu for comment. A spokesman for the Minneapolis police department said that Mr Liu was released "pending formal complaint". The 45-year-old businessman was released from jail on Saturday afternoon pending possible criminal charges, the Atlanta Journal Constitution reports.

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  • US, Mexico moving to sign FTA, with Canada not behind
US, Mexico moving to sign FTA, with Canada not behind

That comment repeated a threat from the president earlier in the week to forge ahead with a bilateral trade agreement with Mexico that would leave out Canada, which he on Friday again accused of " ripping us off ". "We have also been negotiating with Canada throughout this year-long process". "Right now, the US has the negotiating leverage ...

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  • China offers Africa billions, 'no strings attached'
China offers Africa billions, 'no strings attached'

But Rwandan President Paul Kagame, who now chairs the African Union , said that rather than viewing the investment as a "debt trap", other countries should be asking why they're not giving Africa as much assistance as China . "China's investment in Africa comes with no political strings attached, " Xi said. "China's investment in Africa does no...

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  • President Trump cancels pay raises for federal employees set for January
President Trump cancels pay raises for federal employees set for January

Those increases would come on top of a 2.1 percent across-the-board increase for most civilian employees. Trump has touted the military pay bump, which was authorized by a giant $716 billion defense bill he signed earlier this month. The national debt - the accumulation of those budget deficits - has increased almost $1.6 trillion over the past y...

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