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UBS's latest report shows a record increase in billionaires worldwide, reaching 2,919 with collective wealth of $15.8 trillion. Women are outpacing men in wealth growth for four consecutive years, and inheritance continues to drive the rise, especially in the US and Europe. The billionaire class is diversifying and expanding rapidly.
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The Swiss government proposes a $26 billion capital increase for UBS to bolster crisis resilience, prompting the bank to consider relocating its headquarters to the US. UBS opposes the requirement, citing competitiveness concerns, and is lobbying through the legislative process while exploring strategic options including US expansion.
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As of October 8, 2025, the EU is advancing a plan to use approximately €140 billion from frozen Russian assets to fund a loan for Ukraine’s war effort. The loan would be repaid only if Russia pays war reparations. The proposal faces legal and political challenges within the EU and strong opposition from Russia, which calls it theft.
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Hong Kong's stock exchange is experiencing a surge in listings, with over 300 companies in the pipeline, driven by Chinese tech firms expanding globally. Despite geopolitical tensions, the market has seen record fundraising and index gains, positioning HKEX for a strong year ahead.