Commentary / World Aug 27, 2021
U.S. Fed decries wealth gap it helps perpetuate
by Lisa Abramowicz
All things being equal, the Fed is actively making the wealth gap more pronounced with its ultraeasy monetary policy.
Business Jul 17, 2021
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.
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 | 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.
Business / Corporate May 27, 2021
SoftBank’s top eight executives made $64 million after record profits
by Pavel Alpeyev
Simon Segars, who heads the company’s chip unit Arm Ltd., topped the list with a $17 million paycheck in the year ended March 31.
Business May 26, 2021
Old-school tycoons of Hong Kong are losing to China’s moguls
by Shirley Zhao
The past few years have seen a remarkable shift in fortunes between China’s tech-savvy moguls and their old-school Hong Kong counterparts.
National / Politics May 9, 2021
More young Japanese look to Marx amid pandemic and climate crisis
An associate professor at Osaka City University has ignited interest in the German thinker with books and TV appearances.
World May 4, 2021
Biden tax rule would take billions from biggest fortunes at death
by Caleb Melby and David Kocieniewski
Ending the current practice of stepping up the tax basis of inherited assets and raising the capital gains tax rate would amount to the biggest curb on dynastic wealth in decades.