The global Islamic funds market grew more than 300% over the last decade to reach nearly $200 billion in assets under management. That’s according to a report released Wednesday by Bahrain-based General Council for Islamic Banks and Financial Institutions. Islamic assets under management grew 13.7% in 2020 despite the COVID-19 pandemic. That ...
A bipartisan group of U.S. lawmakers on Monday urged top Democrats and Republicans in the House to swiftly bring legislation banning Congress from owning or trading stock to the floor. The call came in a letter to House Speaker Nancy Pelosi, a California Democrat who has faced criticism for defending her husband’s trades and existing […...
Indonesia’s parliament on Tuesday passed a law approving the relocation of its capital from slowly sinking Jakarta to Borneo. Borneo is a jungle-clad island 1,200 miles from Jakarta. The new capital is named “Nusantara.” Jakarta is home to more than 30 million people in its greater metro area. It has long been plagued by serious […]...
WASHINGTON (AA) – The US Treasury Department sanctioned four individuals it accused Thursday of engaging in activities directed by Russia to destabilize Ukraine. “Today’s action is intended to target, undermine, and expose Russia’s ongoing destabilization effort in Ukraine,” the agency said in a statement. US Secretary of Sta...
A group of more than 100 millionaires and billionaires on Wednesday presented fellow members of the global economic elite with a stark choice: “It’s taxes or pitchforks.” The open letter was published amid the corporate-dominated virtual Davos summit. The 102 signatories included such prominent figures as Disney heiress Abiga...
A defiant President Joe Biden acknowledged missteps Wednesday but hailed a year of “enormous progress” on the US economy as he took stock of his first year in office. In a news conference marking his first 12 months, Biden touted a period of unprecedented job creation, infrastructure improvements, and a growing economy. He said th...
U.S. President Joe Biden urged Americans to work to safeguard voting rights while commemorating the life and work of Dr. Martin Luther King, Jr. Monday. Biden said it’s not enough to just praise King on the federal holiday honoring him. He added, Americans must commit “to his unfinished work to deliver jobs and justice, to […]
Oxfam International’s latest report on global inequality shows how 21,000 people died each day of the pandemic, while the wealthiest collectively got $1.2 billion richer. Using data from Forbes, the report found the 10 richest people in the world more than doubled their collective wealth since COVID-19 hit in March of 2020. Meanwhile, the inco...
The U.S. and U.S.-based Cuban organizations have sent roughly seven tonnes of powdered milk to Cuba. The island is suffering from severe shortages of food and medicine. This is the result of the tightening of a US embargo on Cuba by former president Donald Trump. President Biden has not lifted it. It is also because […]
The “largest mass assembly of poor people and low-wage workers in this nation’s history” will converge on Washington, D.C. on June 18. The event is being organized by the Poor People’s Campaign and its partners. That includes members and allies of organized labor, the civil rights movement, and religious communities from across the U.S. The [...
