LONDON: For the world's super-rich, the investment of choice is increasingly a very rare naturally pink diamond, an asset class that this year has set records at auction. Tobias Kormind, managing director of 77 Diamonds, which has a shop…
ISLAMABAD: The outgoing chief of United Nations Development Programme, Marc Andre believes that the concentration of public spending in Pakistan is politically driven and only restricted to a few developed districts, which is increasing…
WASHINGTON: Just one percent of the world's population can call themselves millionaires or richer. But together they hold almost half the world's wealth, and their share is growing, according to a new study released.
ISLAMABAD: Former president Asif Ali Zardari said the budgetary proposals failed to address critical issues in documenting economy, improving revenue collection, preventing tax evasion, and addressing the growing disparity between the rich…
Abortion rates have dropped 40 percent in wealthy nations since 1990 but remain unchanged in developing countries where procedures to end pregnancies are often unsafe, according to a study released Thursday.
WASHINGTON: Republican presidential candidate Donald Trump backtracked on Monday on his remarks about raising taxes on wealthy Americans, saying the rich might simply get a smaller tax cut than he originally proposed.
WELLINGTON: Wealthy Latin Americans are using secretive, tax-free New Zealand shelf companies and trusts to help channel funds around the world, according to a report on Monday based on leaks of the so-called Panama Papers.
PARIS: Twin births have almost doubled in developed countries in four decades, said researchers Monday who cautioned about the associated health risks.
CYPRUS: When Iraq invaded Kuwait in 1990, fellow Gulf states raced to shelter thousands of displaced Kuwaitis. Fast forward 25 years, and the homeless from Syria's nearby war have found scant refuge in the Arab world's richest states.
KATHMANDU: Reduced to piles of rubble and splintered wood, Nepal's rich cultural heritage has suffered a devastating blow from a massive earthquake that tore through the country, experts said Sunday.