A recent financial report has indicated that a global shift in the world economic balance is on the cards. It predicts the concentration of high-net-worth individuals, which was split between Europe and the US in 1980, will be greater in Asia than elsewhere by 2050. And this is already the case in some countries. Since 2010 Singapore, for example, has the highest revenue per capita at 46,000 euros per year and is an attractive destination for high flyers from China, Thailand or Indonesia.
Others episodes
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Greek and Turkish leaders ready for diplomacy talks amid Aegean tensions
Greece and Turkey are stepping up rapprochement efforts, with Prime Minister Kyriakos Mitsotakis visiting Turkey on Monday for talks with President Recep Tayyip Erdogan. The trip is part of detente attempts after years of tensions centered on territorial disputes in the Aegean Sea.11/05/202404:58 -
Turkey cuts trade with Israel but seeks role in resolving Gaza conflict
Turkey has cut off trade with Israel as bilateral relations deteriorate over the Gaza conflict. The move follows domestic calls for a tougher stance against Israel, while Turkish President Recep Tayyip Erdogan is seeking a more prominent regional role.04/05/202405:21 -
Aid flotilla from Turkey aims to break Gaza blockade but risks fresh crisis
A group of international activists are seeking to break Israel's blockade of Gaza with a flotilla of vessels carrying aid. But with 10 people killed by Israeli security forces in a similar mission 14 years ago, fears are growing that the latest flotilla could provoke a fresh crisis.27/04/202404:51 -
Turkey's Erdogan targets support against Kurdish rebels during Iraq trip
Turkish President Recep Tayyip Erdogan visits Iraq on Monday for the first time in 12 years. He'll be seeking support for Ankara's war against Kurdish rebels in Iraq as well as deeper economic ties.22/04/202404:43 -
Turkish government looks to regain ground by limiting ties with Israel
The Turkish government has announced restrictions on Israeli trade, along with the suspension of scheduled flights to Israel. The moves come in the aftermath of a shock defeat for Turkish President Recep Tayyip Erdogan's party in nationwide local elections, in which the opposition targeted trade with Israel amid growing condemnation over the war in Gaza.14/04/202406:06