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Fisherman turns rich overnight after catching 157 Ghol fish

A fisherman became rich overnight after he caught 157 Ghol fish from a river in Maharashtra, India on the very first day of fishing. `Ghol’,...

In 2020, the ultra-rich got richer!

In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reach new heights

China still produces a new billionaire every 2-2.5 days

The world’s richest people became a little less well off last year, according to a report by UBS and PwC

Rich Chinese outnumber wealthy Americans for first time

The Swiss bank’s annual wealth survey released on Monday found 100 million Chinese ranked in the global top 10% as of the middle of this year versus 99 million in the United States

World’s 26 richest own same as poorest half of humanity

Governments are exacerbating inequality by increasingly underfunding public services like healthcare and education at the same time as they consistently under-tax the wealthy

Young, rich and ambitious: Nigeria’s ‘gentleman farmers’

"Come, I'll show you what a potential billion dollars looks like," said P.J. Okocha, opening the door of a small, modern house in southern...

For world’s super-rich, a pink diamond is forever

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...

Public spending in Pakistan is politically driven, says UNDP chief

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 inequality between the rich and poor regions.

One percent of world’s population holds almost half its wealth

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. 

Zardari says budget failed to address critical issues

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 and the poor.

Abortion rates plunge in rich nations, unvaried elsewhere: study

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.

Trump retreats on comments on raising taxes on the wealthy

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.

Panama Papers report alleges NZ prime place for rich to hide money

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.

Twin births almost double in rich countries: study

PARIS: Twin births have almost doubled in developed countries in four decades, said researchers Monday who cautioned about the associated health risks. 

In rich Gulf Arab states, some feel shamed by refugee response

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.

Quake deals heavy blow to Nepal’s rich cultural heritage

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.

In rich Qatar, one restaurant lets poor eat for free

DOHA: In a dusty corner of Qatar's booming capital, a sign outside a modest restaurant popular with migrant labourers reads: "If you are hungry and have no money, eat for free!!!"

True democracy was never introduced, says Altaf

LONDON: Muttahida Qaumi Movement Chief Altaf Hussain in his statement on International Democracy Day has said that "true democracy" has never been introduced in Pakistan, ARY News reports.
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