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Recession

World’s rich confident they can scale wall of global risk: survey

LONDON: The global economic, financial and political landscape has never been shakier, but the world's rich are confident they can steer through the fog of uncertainty in the coming year "without so much as a dent in their finances", a survey showed on Wednesday. The findings of UBS Wealth Management's survey of more than 2,800 millionaires in seven countries show a high degree of worry about the global financial system on the one hand, and supreme self-confidence and optimism on the other. Some 82 percent of those…

Taiwan economy booms in Q3 after coming out of recession

TAIPEI: Taiwan's economy grew at the fastest pace in more than a year during the July-September period, data showed Friday, fuelled by a strong recovery in the electronics sector. The 2.06 percent year-on-year growth, which beat expectations, was the best performance since the first-quarter of 2015 when the economy expanded 4.04 percent. The second straight quarter of growth is encouraging for the island, which just came out of recession in April-June. Traditionally an export-driven technology hub, Taiwan is home to…