The number of dollar millionaires in China in 2014, an increase of 1m from 2013, according to the latest
report by Boston Consulting Group (BCG). China has the world’s second-largest population of dollar millionaires, with the US in first place with 7m, it said. The rise in Chinese private wealth was largely driven by a surging stock market, which was up 38% last year, according to BCG. Japan made up third place, with 1m millionaire households last year.
On 16 June, an Egyptian court upheld a death sentence against ousted president Mohamed Morsi and other Muslim Brotherhood leaders in a case that relates to their escape from prison during the 2011 revolution. At the time, Morsi was detained without charge. He fled the prison after it was stormed and guards overpowered during the uprisings that eventually ended President Hosni Mubarak’s 30-year reign. Morsi, who subsequently became Egypt’s first democratically elected president, was removed from power by the Egyptian military in July 2013 following days of mass protests. The Muslim Brotherhood has since been declared a terrorist organisation in Egypt.