Daily Archive: October 7, 2020

Amid economic crisis, the world’s wealthiest gained $813 billion so far this year

The huge boost to the fortunes of technology and health-care billionaires during the coronavirus pandemic may be the beginning of a more permanent trend.

The Covid-19 shock could act as a catalyst to spur increased opportunities for those who offer digital or other tech solutions, while the wealth of those in older industries may in turn suffer, UBS Group AG and PricewaterhouseCoopers said Wednesday in a report.

“Those that are the innovators and the disruptors, the architects of creative destruction in the economy, are still increasing their wealth,” the 2020 Billionaires Insights report found. “The net wealth of billionaires in entertainment, financial services, materials and real estate sectors lagged the rest of the universe.”

Despite the global economic shock, the world’s 500 richest people are a combined $813 billion richer now than they were at the beginning of the year, according to the Bloomberg Billionaires Index.

Total billionaire wealth surged … Read More

Czech Kvitova powers past Siegemund to make second French Open semis By Reuters

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© Reuters. French Open

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PARIS (Reuters) – Czech seventh seed Petra Kvitova put in a powerful display to breeze past unseeded German Laura Siegemund 6-3 6-3 on Wednesday to reach her second semi-final at the French Open after a gap of eight years.

The 30-year-old, a two-times champion at Wimbledon, reached the last four stage on the claycourts at Roland Garros in 2012 and was yet to lose a set at this year’s tournament in Paris, which has lost the top three seeds in the women’s draw.

Roland Garros was where Kvitova made an emotional return to professional tennis three years back after being sidelined for six months following a burglar attack at her home that left her with severe damage to the nerves and tendons in her left hand.

“It means a lot to me, definitely,” Kvitova said in her interview on Court Philippe Chatrier. “I didn’t

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