UBS Group AG’s billionaire clients are betting on the energy sector, which they see as offering the biggest opportunity over the next five years.
Nearly half of the super-wealthy clients surveyed by the bank said energy is attractive in terms of future investment and business returns, the highest among the 21 categories overall. About a third of the 50 billionaires surveyed also see biotech, pharmaceuticals and software as attractive areas.
The respondents consider the Asia-Pacific region, excluding mainland China, and North America as the most attractive regions for business and investment opportunities in the next five years.
As of March, there were 2,668 billionaires in the world with a fortune of $12.7 trillion, which is about 3% less than in 2021, writes Bloomberg.
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On Monday, December 12, Majdidreza Rahnavard was publicly hanged in the city of Mashhad in northeastern Iran. The man was accused of killing two members of the Basij.
US authorities urged colleagues from Japan and the Netherlands to increase technological sanctions against the Chinese semiconductor industry
Japan to buy hundreds of Tomahawk cruise missiles with a range of 1600 km from the United States
Microsoft Corporation will acquire a 4% stake in the London Stock Exchange as part of a 10-year strategic partnership. As stated in a press release, the partnership reached will allow the company to develop directions in the field of data, analytics and cloud infrastructure.
In the Himalayas, there was a clash between the military of India and China, several Indian soldiers were injured. This is the first incident of its kind since fighting in June 2020, when 20 Indian soldiers were killed and several wounded.
American investment company Thoma Bravo buys enterprise software developer Coupa Software Inc
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