According to the 2023 Global Wealth Report, released by Credit Suisse and UBS, Brazil recorded worldwide the most significant increase in the number of millionaires from 2021 to 2022. The count of individuals with a net worth of over US$ 1 million rose from 293,000 in 2021 to 413,000 in 2022. “Wealth” is determined by […]
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Lula disagrees with Boric’s call for stronger condemnation of Russia
Brazilian President Luiz Inácio Lula da Silva has voiced disagreement with Chilean President Gabriel Boric’s appeal for increased condemnation of Russia by the European Union and Latin American nations, in relation to Russia’s ongoing military action in Ukraine. Da Silva articulated his stance by commenting on Boric’s view that any country could be a potential […]
North Korea Emerges as Russia’s Key Ally in Ukraine Invasion
Russia’s war effort in Ukraine has gained a surprising supporter: North Korea. The isolated nation has become an essential partner for the Kremlin’s military operations. This alliance has raised concerns among Western powers and Ukraine’s leadership. In September 2023, Vladimir Putin met with Kim Jong-un at a Russian cosmodrome. The meeting, initially seen as a […]
Naspers’ Profit Surge Highlights South Africa’s Tech Rise
Naspers, a South African tech giant, reported a 112% profit increase for the fiscal year ending March 31, 2023. This rise in core headline earnings was driven by its substantial stake in Chinese tech giant Tencent and improved e-commerce performance. Unexpectedly, Naspers’ e-commerce sector achieved profitability in the second half of the year. This was […]