Ubuntu, a concept rooted in Eastern African culture centered on communalism and mutual respect, may hold significant relevance for High-Net-Worth Individuals (HNWI) in today's interconnected world. Customarily translated as "I am because we are," Ubuntu emphasizes community, interconnectedness, and collective responsibility. In the economic context of Eastern Africa, this approach...

A limiting belief is a thought that restricts your personal growth and potential. These beliefs are often subconscious and stem from experiences, conditioning, or negative self-talk. Limiting beliefs can manifest as doubts about your abilities, fears of failure, or assumptions that certain goals are unattainable. They hinder you from taking...

Reducing debt payments for the world’s poorest countries to more manageable levels could dramatically improve access to education and clean water, potentially allowing 5 million more children to attend school and providing clean drinking water to 17 million people, according to a recent study. Research conducted by academics at the...

Vietnam's economy is projected to accelerate in 2024, buoyed by a resurgence in manufactured exports, a revival in tourism, and strengthening domestic consumption and business investment, according to a new report from the World Bank. The World Bank's "Talking Stock" report forecasts that Vietnam's economy will grow by 6.1% in...

The disparity between the highest and lowest-paid employees in Switzerland continues to grow, with top executives earning an average of 143 times more than their lowest-paid workers in 2023, according to a recent study by the trade union Unia. This widening gap marks an increase from the previous year when...

In his Independence Day address, Indian Prime Minister Narendra Modi unveiled an ambitious vision for "Viksit Bharat," or a "Developed India," to be realized by 2047, the centenary of the nation's independence. This goal would see India achieve a per capita income of $20,000, comparable to that of some moderately...

Sinopec, formally known as China Petroleum and Chemical Corp., reported a slight profit increase in the first half of the year despite facing significant challenges from a slowing Chinese economy and steep declines in its core fuel processing and sales businesses. The company’s net income rose by 1.7% year-on-year to...

Telegram's CEO, Pavel Durov, was apprehended by French authorities at Le Bourget Airport, north of Paris, shortly after his private jet landed. Officials disclosed that the 39-year-old billionaire was detained in connection with an ongoing investigation related to Telegram’s moderation policies. The inquiry reportedly focuses on Durov's alleged failure to...

Xpeng’s Chairman and CEO, He Xiaopeng, has made a significant move to bolster investor confidence by increasing his stake in the company. As Xpeng’s controlling shareholder, He purchased 1 million Class A ordinary shares on the Hong Kong stock market between August 21-23, at an average price of HK$27.13 per...