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☆ China's super-rich see fortunes plunge as economy slows
▼ + stars: | 2022-11-08 | by ( Brenda Goh | ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday. The Hurun Rich list, which ranks China's wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. "This year has seen the biggest fall in the Hurun China Rich List of the last 24 years," said Rupert Hoogewerf, chairman and chief researcher of research firm Hurun Report which compiles the list. The founder of TikTok owner ByteDance, Zhang Yiming, took second place, but saw his wealth fall 28% to $35 billion due to a drop in ByteDance's valuation. Tencent founder Pony Ma posted the second largest drop in wealth of $14.6 billion amid sliding tech stock prices, to take fifth place on the list.

☆ Alibaba’s Jack Ma and China’s super-rich see billions wiped off fortunes as economy slows
▼ + stars: | 2022-11-08 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

China’s super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing’s zero-Covid measures and falling mainland and Hong Kong stock markets pummeled fortunes, according to an annual rich list. Tencent founder Pony Ma posted the second largest drop in wealth amid sliding tech stock prices. The founder of TikTok owner ByteDance, Zhang Yiming, took second place, but saw his wealth fall 28% to $35 billion due to a drop in ByteDance’s valuation. Tencent (TCEHY) founder Pony Ma posted the second largest drop in wealth of $14.6 billion amid sliding tech stock prices, to take fifth place on the list. Alibaba (BABA) founder Jack Ma and his family tumbled four places to be ranked No.

☆ China's super-rich like Alibaba's Jack Ma see billions of dollars wiped from their fortunes as the economy slumps
▼ + stars: | 2022-11-08 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

China's super-wealthy have seen their fortunes tumble by the most in 24 years, per the Hurun Rich List. Alibaba founder Jack Ma's net worth dropped 29% to $25.7 billion, as tech bosses took a hit. His ranking on the rich list sank four places to ninth. Overall, the number of people with a net worth of $10 billion dropped by 29 to 56, while the number of dollar billionaires fell by 239 to 946. But Hoogewerf said that despite the declines, the rich list is still 50% bigger than five years ago.

A dish of leeks and sprouts sits on a kitchen table at the Eiffel Tower restaurant 'Madame Brasserie' in Paris, France, October 13, 2022. REUTERS/Yiming WooPARIS, Oct 14 (Reuters) - A fancy restaurant on the first floor of the Eiffel Tower may not be the obvious setting for environmental activism, but Michelin-starred chef Thierry Marx wants to make it a showcase for climate-friendly cuisine. Register now for FREE unlimited access to Reuters.com Register"These leeks, in season now, were grown less than 50 km from here. "It is simple, has a limited carbon impact, it is easy to eat and economical - we do our job with minimal environmental impact," he added. Now, his crew cooks on induction cookers with copper casseroles, which only heat the pan itself without warming up the entire kitchen.

☆ Here's the inflation breakdown for September 2022 — in one chart
▼ + stars: | 2022-10-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Inflation measures how quickly the prices consumers pay for a broad range of goods and services are rising. watch nowFood prices have taken a 'starring role'Food prices have been among the largest contributing categories to inflation in recent months. Within that category, certain items have seen prices rise sharply over the past year, such as butter and margarine (up 32.2%), eggs (30.5%) and flour (24.2%). Inflation factors are 'remarkable, unprecedented and highly complicated'A healthy economy experiences a small degree of inflation each year. But a supply-and-demand imbalance led inflation to increase starting in early 2021, following years of low inflation.

But France's BEA accident agency also revealed earlier discussions between Air France and Airbus about the reliability of the probes, and made dozens of safety recommendations from cockpit design to training and search-and-rescue. The relative roles of pilot or sensor error will be key to the trial, exposing differences that insiders say plunged Airbus and Air France into in-fighting behind the scenes for over a decade. We don't want Airbus or Air France to turn this trial into a conference of engineers," said lawyer Sebastien Busy. It is the first time French companies face trial for "involuntary manslaughter" following an air crash. It's their reputations...that's what's at stake for (Air France and Airbus)," said families lawyer Alain Jakubowicz.

But France's BEA accident agency also revealed earlier discussions between Air France and Airbus about growing problems with external "pitot probes" that generate the speed readings. We don't want Airbus or Air France to turn this trial into a conference of engineers," said lawyer Sebastien Busy. It is the first time French companies have gone on trial for "involuntary manslaughter" following an air crash. It's their reputations... that's what's at stake for (Air France and Airbus)," said families lawyer Alain Jakubowicz. Rigail expressed "the deepest compassion" after telling the court Air France would never forget its worst-ever accident.

☆ ByteDance plans for maximum of nine board directors -source
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - TikTok owner ByteDance will expand its board of directors to a maximum of nine, a person with direct knowledge of the matter said on Wednesday, as the company faces regulatory pressure globally. Shareholders approved the move at an investor meeting on Tuesday, boosting the figure from the previous maximum of five, added the source, who sought anonymity as the information was confidential. The other directors are representatives of General Atlantic, Sequoia Capital, Coatue Management, and Susquehanna International Group, Reuters has reported. Earlier, citing two unidentified sources, the South China Morning Post had said the company would add four directors to the existing five. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yingzhi Yang in Beijing and Juby Babu in Bengaluru; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Orașul cu cei mai mulți miliardari din întreaga lume
▼ + stars: | 2021-04-09 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: PixabayOrașul cu cei mai mulți miliardari din întreaga lumeBeijingul găzduiește în prezent mai mulți miliardari decât orice alt oraș din lume, conform listei anuale a miliardarilor întocmită anual de revista Forbes, citată de BBC. Capitala chineză a adăugat anul trecut 33 de miliardari și acum găzduiește 100, depășind New York, care găzduiește 99 de miliardari și a condus clasamentul în ultimii șapte ani, arată publicația. Cei mai mulți miliardari din ChinaChina a adăugat mai mulți miliardari pe listă decât orice altă țară la nivel global, cu 210 nou intrați. În total, cei 1.149 de miliardari din Asia Pacific au valorat 4,7 miliarde de dolari, comparativ cu 4,4 miliarde de dolari pentru americani. Averea sa a crescut cu 64 miliarde dolari, până la 177 miliarde dolari anul trecut.

Persons: Zhang Yiming, ByteDance ., Jeff Organizations: Forbes, BBC, Capitala, Mediafax Locations: New York, Beijing, China, SUA, China China, Chinei, India, Asia Pacific, Amazon

☆ Beijingul are în prezent mai mulți miliardari decât oricare alt oraș din lume. Cine este cel mai bogat rezident al capitalei chineze
▼ + stars: | 2021-04-08 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Beijingul găzduiește în prezent mai mulți miliardari decât oricare alt oraș din lume, conform listei miliardarilor întocmită anual de revista Forbes, scrie BBC, citat de Mediafax și digi24.ro. Capitala chineză a adăugat anul trecut 33 de miliardari și acum găzduiește 100, depășind New York, care găzduiește 99 de miliardari și a condus clasamentul în ultimii șapte ani, arată publicația. Totuși, averea combinată a miliardarilor din New York a rămas cu 80 miliarde de dolari mai mare decât cea a omologilor lor din Beijing. China a adăugat mai mulți miliardari pe listă decât orice altă țară la nivel global, cu 210 nou intrați. Averea sa a crescut cu 64 miliarde dolari, până la 177 miliarde dolari anul trecut.

Persons: Forbes, Zhang Yiming, Jeff Organizations: Forbes, BBC, Mediafax Locations: Beijingul, New York, Beijing, China, Chinei, SUA, India, Asia Pacific, Amazon

☆ Beijing a devenit orașul cu cei mai mulți miliardari din lume. Ce orașe mai sunt în topul Forbes
▼ + stars: | 2021-04-07 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Beijing a devenit orașul cu cei mai mulți miliardari din lume. Business Insider notează că bogații au devenit și mai bogați anul trecut, în ciuda pandemiei și a recesiunii economice. La nivel global, 660 de oameni au devenit miliardari în 2020, însumând un total de 2 755 de miliardari la nivel mondial, în dolari americani. Cinci orașe din China se clasează printre cele 10 orașe cu cei mai mulți miliardari, inclusiv regiunea administrativă specială Hong Kong. Beijing (100 de miliardari), cel mai bogat om – Zhang Yiming (35,6 miliarde)2.

Persons: Pandemia, Zhang Yiming, Michael Bloomberg, Colin Zheng Huang, Len Blavatnik, San Francisco, Dustin Moskovitz Organizations: Forbes, San Locations: Beijing, New York, SUA, China, Hong Kong, York City, Kong, Moscova, Shanghai, Londra, Mumbai, Hangzhou

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