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Showing posts from February, 2022

Russia's richest 22 billionaires have lost $39 billion in one day after the invasion of Ukraine

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   The wealth wipeout came on Thursday, after Moscow's benchmark MOEX Russia Index crashed and closed 33% lower.The biggest loser was Vagit Alekperov, chairman of Moscow-based oil company Lukoil, who lost $6.2 billion. Russia's 22 richest individuals  saw their net worths plunge by a collective $39 billion in less than 24 hours after their country invaded Ukraine, according to the b loomberg Billionaires Index. The wealth wipeout came after Moscow's benchmark MOEX Russia Index crashed and closed 33% lower on Thursday. The Russian billionaires lost more money on Thursday than they had lost year-to-date up until Wednesday, according to  Bloomberg. The biggest loser was Vagit Alekperov, chairman of Moscow-based oil company Lukoil, who saw his wealth fall by one-third in one day as the company's share price plummeted 32% on Thursday. Alekperov now has a net worth of $13 billion, down from $19.2 billion, according to Bloomberg. Vladimir Potanin, Russia's richest k...

National Cathedral will enhance Ghana’s spiritual growth, social cohesion —Asantehene

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  The Asantehene, Otumfuo Osei Tutu II, has lauded the government for its decision to construct a National Cathedral, saying the edifice will contribute significantly to Ghana’s spiritual growth and social cohesion. “We are a religious nation, therefore, the monumental structure is expected to add up to the gains made… to promote solidarity, unity and harmony amongst the people,” he noted. The traditional authorities, he said, would provide the needed support for the successful completion of the project as it sought to serve the interest of the nation. The Asantehene said this, in a speech read on his behalf by the Asafohene, Asafo Boakye Agyemang Bonsu, at a fundraising in Kumasi, organised by the Board of Trustees, National Cathedral of Ghana, to solicit funds towards the construction of the facility. The state-of-the-art project, proposed by the Nana Akufo-Addo-led administration in 2017, is being designed to provide a space for national events of a religious nature. As a nation...