global-finance
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koreatimes.co.kr (News photo)US Advances Strait of Hormuz Reopening
US forces are pushing to restore shipping through the Strait of Hormuz as the war with Iran continues, causing oil price volatility and economic fallout. HSBC reported profit declines linked to the conflict and fraud charges, while global leaders call for de-escalation. Accusatio…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)China's Ultra-High-Net-Worth Population Increases, Hong Kong Forecast for Growth by 2031
Mainland China's population of individuals with assets exceeding $30 million grew 23 percent over the past five years to 121,677, according to a report. The figure is projected to rise another 18.8 percent to 144,602 by 2031, while China's global share of such individuals decline…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Bankers Resume Work in Middle East and Globally Amid Private Credit Challenges
Bankers are returning to their positions in the Middle East and worldwide to resume business activities. This return occurs against the backdrop of ongoing issues in the private credit sector that predated the recent war. The developments highlight continued economic operations i…