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Mark Zuckerberg s wealth plummeted by $18 billion due to Meta Platforms Inc. s share decline, solidifying Elon Musk as the world s third-richest billionaire. Meta s stock dropped 11% after forecasting lower Q2 sales. Musk s fortune rose to $184 billion as Tesla shares surged, reversing their recent ranking switch. ....
Humanity has only two years left “to save the world” by making dramatic changes in the way it spews heat-trapping emissions and it has even less time to act to get the finances behind such a massive shift, the head of the United Nations climate agency said. With governments of the world facing a 2025 deadline for new and stronger plans to curb carbon pollution, nearly half of the world's populations voting in elections this year, and crucial global finance meetings later this month in Washington, United Nations executive climate secretary Simon Stiell said Wednesday he knows his warning may sound melodramatic. ....
Breaking into the top 1% of wealth in the US is getting harder. It now takes at least $5.8 million to join the richest echelon in the world's largest economy, almost 15% more than about 12 months ago, according to research from Knight Frank. ....
As the world’s richest individuals continue to accumulate staggering wealth, an alarming number of people face increasing financial hardships. In a comprehensive report by Oxfam, a global organization dedicated to battling inequality and poverty, the extent of the wealth divide becomes even more evident. "Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost 5 billion people globally have become poorer. At current rates, it will take 230 years ....
It’s time to mourn the demise of old Europe. The rot is too far gone, the decline too pronounced, the welfarism, decadence, pacifism and self-hatred too ingrained, the doom-loop unstoppable. Once the world’s richest, most advanced continent, Europe is finished, its humiliating fall all too obvious to the rest of the world, if not to deluded Europeans. ....