China’s President Xi Jinping emphasized to U.S. President Joe Biden that Taiwan, democracy, human rights, and development rights are “red lines” not to be challenged by the United States, as reported by Xinhua. Xi also warned against U.S. involvement in disputes over islands in the South China Sea and urged against provocation in the region. Despite potential rivalry, Xi suggested progress could be made by treating each other as partners and friends, as discussed during their meeting at the Asia-Pacific Economic forum summit in Peru.
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The U.S. minted 1,000 new millionaires each day last year, UBS report says
The UBS Global Wealth Report reveals that the U.S. minted 1,000 new millionaires daily in 2024, totaling over 379,000, driven by strong stock market performance and a stable dollar, accounting for over half of the world’s new millionaires. Despite this growth, the average wealth per adult in the Americas was around $312,000, highlighting a disparity in wealth distribution. Need More Context? 🔎
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