China’s Growth Slows

China’s economy last year grew at the slowest pace since 1990. Its economy, which contributes about a third of global growth, is on a long-term slowing trajectory as it shifts from the investment-led model of the past while carrying a heavy debt load. However, China’s increase in output was still more than all the goods…

Billionaires Richer, Poor get Pooperer

The world’s billionaires are growing $2,5 billion richer every day, while the poorest half of the global population is seeing its net worth decline, reports CNN. Billionaires, who now number a record 2 208, have more wealth than ever before, according to a recent Oxfam International report. Since the global financial crisis a decade ago,…