The analysis comes as business and political leaders from around the world gather at the World Economic Forum in Davos, Switzerland.
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"The world will have its first trillionaire within a decade but poverty won't be eradicated for another 229 years," Oxfam said.
The global economic outlook is "fraught with uncertainty," according to the World Economic Forum's latest survey of chief economists.
The estimate is in line with the expectations of analysts polled by Reuters.
Apple faces rising competition in China from local players like Xiaomi and a resurgent Huawei, which are offering competitive high-end products.
Global business and political leaders descend on Davos for the 54th Annual Meeting of the World Economic Forum.
Wall Street's top banks kick-started the earnings season on a somber note with JPMorgan's profit declining due to fees linked to regional bank rescues.
After a tumultuous start to the year, Japan's benchmark Nikkei 225 has been on a record-breaking rally. How long will it last?
The lack of a parliamentary majority may force Lai Ching-te to moderate his China policy and cater more to Taiwan's disenchanted youths.
Gen Zers are an increasingly important consumer segment as their spending power has steadily increased over the past decade.
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