With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, Beijing. Mumbai is now the Asian capital with the most number of billionaires, overtaking Beijing, according to Hurun Research Institute’s global rich list. This is … Read more
It all started with a Facebook ad. Rachel Yoong was bored and fed up at work when a job posting for a casino in the Myanmar capital Yangon popped up on her phone. The purported $4,500 monthly salary was seven times what the Malaysian earned as a real estate agent in Kuala Lumpur, so she … Read more
People using their mobile phones on July 17, 2016 in Surakarta, Indonesia. Solo Imaji | Barcroft Media | Getty Images Smartphone shipments in Southeast Asia continued a resurgence at the start of 2024, contrasting to a lull in other regions, as the promising market for mobile makers continues to attract more brands and investment. The … Read more
NEW DELHI (AP) — What happens when the son of Asia’s richest man is about to get married? His father throws a three-day prenuptial bash four months before the actual ceremony. Tycoons from around the world, heads of state, as well as Hollywood and Bollywood stars descended on the small western Indian city of Jamnagar … Read more
Electronic screens display gongs at the Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 15, 2022. Paul Yeung | Bloomberg | Getty Images Asia’s markets are expected to continue powering ahead this year, despite a rocky 2023. Most investors may already know which were the the … Read more
Japan’s Nikkei 225 has been the top performer this year, among large economy stock indexes in Asia and many believe that stocks in the region have more room to run in 2024. Marco Bottigelli | Moment | Getty Images Asia-Pacific markets rose to new highs in 2023, with Japan’s Nikkei 225 emerging as the top-performing … Read more
Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist’s first known nude, at the Christie’s auction house in Paris on May 18, 2022. Emmanuel Dunand | Afp | Getty Images Wealthy, young collectors in Asia have been fueling demand for art — particularly … Read more
Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | Afp | Getty Images Gautam Adani is the richest person in Asia again, according to Bloomberg Billionaires Index’s updated figures Friday. The founder and chairman of the Adani Group regained pole … Read more
A screen displays the Nikkei 225 Stock Average figure at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Oct. 30, 2023. The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central … Read more
While Asia may have a reputation—fostered by some of its own leaders—of having distinct “values” and political concerns from the West, this year showed that some issues are universal, especially as it pertains to human rights and criminal justice reform. The continent, which has long been characterized by conservative social values and a stringent, sometimes … Read more