4m

Finweek English Edition - - IN BRIEF - Wealth Global

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.

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