World leaders have gathered for the World Economic Forum annual meeting in Davos, Switzerland. One of their main goals is to align their responses to geopolitical shocks such as floods and wildfires that hamper trade,

A latest inequality report revealed a major prediction that within the coming decade approximately five renowned personalities on this planet can eventually become trillionaires.

Critics argue this surge in ultra-wealth worsens inequality, fueling calls for stronger taxes and regulation.

Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

A new study from Oxfam projects that five individuals are on track to become trillionaires within the next ten years, amassing fortunes with 13 figures to their names. This projection marks a significant shift from a previous Oxfam report that indicated only one person would reach this milestone within a decade.

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

Former U.S. President Donald Trump has re-designated Yemen's Houthi movement as a 'foreign terrorist organization', resulting in harsher economic penalties. The move aims to address the group's attacks in the Red Sea,

Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990

NEW YORK (AP) — Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices. Investors were expected to vote on the recommendation during the company's annual meeting Thursday.

U.S. President Donald Trump has re-designated Yemen's Houthi movement as a 'foreign terrorist organization', imposing stricter economic penalties. This move responds to recent Houthi attacks on commercial shipping in the Red Sea.

Billionaire wealth skyrocketed by USD 2 trillion in 2024, highlighting increasing inequality. Oxfam's report underscores the growing gap, with Asia contributing USD 299 billion. The wealth gap is fueled by inheritance,