Concerns that we are in a “lost decade” for global wealth growth have been given further credence by the latest “Global Wealth Report”. In 2000, the top 1 percent owned 49.6 percent of all household wealth, dropping to 45.4 percent in 2009. This figure has since clambered back up to reach 50.8 percent in 2016. Source: CNBC
The European Union will seek Asian support for free trade, the Iran nuclear deal and combating global warming at a regional summit on Thursday that includes China, Japan and Russia as a counterbalance to a more protectionist United States. Source: Reuters
The Trump administration said on Wednesday that it intends to pull the US out of a 144-year-old international postal alliance, citing a “flawed system” that allows developing countries like China to ship goods around the world more cheaply. Source: South China Morning Post
(old article we missed) Spanish Prime Minister Pedro Sánchez was booed on Friday during his first October 12 military parade since he took office in June. When the convoy of official cars in which the politician was traveling made its way down the Castellana boulevard in central Madrid, thousands of people began to jeer and whistle at him. Source El Pais
