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
A rally was held outside the office of the United Nations in Yemen’s capital Sanaa on Monday to protest against measures of the Saudi-led coalition to hold and prevent ships carrying oil products from docking at Yemen’s ports, the Houthi-controlled Saba news agency reports as the warring parties in the nearly four-year-long conflict hold UN-brokered peace talks in Sweden. Source: Oil Price
A Chinese court has banned the sale and import of most iPhone models in a stunning decision amid the trade war between the United States and China. Source: CNN
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is touting as the first state-backed oil-backed digital currency. Source: Oil Price
