Gold Price Holds Weekly Gain as Middle East Tensions and Fed Rate Outlook Drive Market 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
European Stocks Flat as Oil Tops $100, Trump Tariffs Fuel Inflation Fears 
US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point 
Oil Prices Rise as Houthi Attacks on Saudi Tankers Heighten Middle East Supply Fears 
Houthi Attacks on Saudi Oil Sites Raise Fears of Wider Middle East Conflict Despite U.S. Strike Pause 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
Europe Economy Faces Recession Risk as Energy Costs and Weak Manufacturing Weigh on Growth 
Iran Rejects U.S.-Backed Ceasefire as Trump Escalates Military Threats, Oil Tops $100 
Brent Oil Holds Above $100 as Red Sea Attacks, Iran Conflict Threaten Global Supply 
Oil Prices Pull Back After Two-Week Rally as Middle East Supply Risks Persist 
Japan CPI Rises in June, but Core Inflation Stays Below BOJ’s 2% Target 
Japan Manufacturing Growth Holds Strong in July Despite Middle East Uncertainty 
Oil Prices Head for Weekly Surge as Red Sea Attacks and Kazakhstan Supply Cuts Raise Disruption Fears 
Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners 
Asian Stocks Rally on AI Spending Optimism as Middle East Tensions Push Oil to Six-Week High 
Canada Opens Gordie Howe Bridge Without U.S. Officials as Trump Tariff Tensions Persist 
China’s super-rich earned $1.5 trillion in 2020, more than the past five years combined, due to the popularity of e-commerce and gaming boomed during lockdowns.
An extra 257 people also joined the billionaire club in China by August, pushing the total to a total of 878 billionaires, following two years of shrinking membership.
In comparison, the US had 626 people in the top bracket at the start of the year.
According to a report by Hurun, there were around 2,000 individuals with a net worth of $300 million in August, giving them a combined net worth of $4 trillion.
Alibaba founder Jack Ma topped the list, with his wealth increasing to a whopping 45 percent to $58.8 billion due to a surge in online shopping.
The second was Tencent boss Pony Ma who made an extra 50 percent to push his net worth to $57.4 billion, despite threats to ban his firm in the US over national security fears.
Zhong Shanshan, who owns bottled water brand Nongfu, came in at third spot with $53.7 billion.
Hurun Report chief researcher Rupert Hoogewerf noted that the amount of wealth created in just one year was unprecedented.
