Economy

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Digital transformation and China’s businesss

China’s digital transformation is touted by many economists and trade experts as the single largest contributor to the country’s gross domestic product (GDP) growth between now and 2025. That explains why most companies in China are transitioning from traditional ways of doing business to more

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Millionaires now hold nearly half the world’s wealth

KEY POINTS Millionaires own close to half of the world’s wealth, according to the Global Wealth Report from Credit Suisse. The world’s 46.8 million millionaires are now worth a combined $158.3 trillion – or 44% of the world’s total wealth. The U.S. still leads the

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Climate change: shifting the economy

The economic impact of climate change is becoming increasingly apparent. The focus is on the increased frequency of climate-related influences, their potential impacts on financial stability and the prospect of an increase in inflationary shocks. Pic: Climate action strikes in Melbourne Source: Global Climate Strike While price increases for

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