Connect with us

News

World’s Wealthiest Cities 2023: New York City Tops The List In 2023

Wealthiest Cities

(CTN NEWS) – In 2023, New York City was ranked first on a new list of the World’s Wealthiest Cities, followed by Silicon Valley’s Bay Area and Tokyo, Japan.

Mumbai was included at number 21, and Delhi, Bengaluru, Kolkata, and Hyderabad were also mentioned.

The ranking, which was created by London-based consultancy Henley & Partners, ranked the cities according to the number of millionaires who resided there as of December 31, 2022 (rounded to the nearest ten).

There were no European cities in the top 10, with the exception of London, and it was dominated by American and Chinese cities.

One of the cities in the Asia Pacific region with the quickest growth rates was Bengaluru. Bengaluru, sometimes referred to as the “Garden City” and the “Silicon Valley of India,” has a thriving tech sector, according to the survey.

Using information from New World Wealth, a wealth intelligence company that keeps tabs on the whereabouts and spending patterns of high-net-worth people with titles like Founder, Chairperson, CEO, and Director, the World’s Wealthiest Cities Report 2023 examined 97 locations around the globe.

Henley & Partners stated on its website that it also took into account the quantity of expensive residences in the neighborhood.

Top World’s Wealthiest Cities List 2023

Rank City Country No. of High Net Worth Individuals
1 New York City United States 340,000
2 Tokyo Japan 290,300
3 The Bay Area United States 285,000
4 London United Kingdom 258,000
5 Singapore Singapore 240,100
6 Los Angeles United States 205,400
7 Hong Kong SAR China 129,500
8 Beijing China 128,200
9 Shanghai China 127,200
10 Sydney Australia 126,900
11 Chicago United States 124,000
12 Toronto Canada 105,200
13 Frankfurt Germany 102,200
14 Zurich Switzerland 99,300
15 Houston United States 98,500
16 Seoul South Korea 97,000
17 Melbourne Australia 96,000
18 Paris France 93,000
19 Geneva Switzerland 85,800
20 Dubai UAE 68,400
21 Mumbai India 59,400
22 Rome Italy 56,500
23 Seattle United States 50,500
24 Shenzhen China 45,700
25 Osaka Japan 44,900
26 Boston United States 41,700
27 Kyoto Japan 40,400
28 Miami United States 38,000
29 Vancouver Canada 37,300
30 Tel Aviv Israel 35,600
31 Moscow Russia 35,200
32 Perth Australia 33,900
33 Brisbane Australia 31,900
34 Austin United States 30,500
35 Hangzhou China 30,400
36 Delhi India 30,200
37 Madrid Spain 29,000
38 Auckland Australia 24,500
39 Abu Dhabi UAE 24,200
40 Manchester United Kingdom 24,200
41 Nice France 23,900
42 Guangzhou China 23,500
43 Athens Greece 23,100
44 Doha Qatar 21,500
45 Lisbon Portugal 20,800
46 Dublin Ireland 18,400
47 Riyadh Saudi Arabia 18,100
48 Montreal Canada 17,900
49 Monaco Monaco 17,600
50 Las Vegas United States 16,800
51 Istanbul Turkey 16,300
52 Warsaw Poland 15,100
53 Jerusalem Israel 15,100
54 San Diego United States 14,700
55 Calgary Canada 14,700
56 Johannesburg South Africa 14,600
57 Scottsdale United States 13,900
58 Barcelona Spain 13,300
59 Milan Italy 12,600
60 Bengaluru India 12,600
61 Edinburgh United Kingdom 12,400
62 Santa Barbara & Montecito United States 12,300
63 Kolkata India 12,100
64 Greenwich & Darien United States 11,900
65 Hyderabad India 11,100
66 West Palm Beach United States 9,400
67 Ho Chi Minh City Vietnam 7,700
68 Florence Italy 7,500
69 Cairo Egypt 7,400
70 Cape Town South Africa 7,200
71 St. Petersburg Russia 6,900
72 Lagos Nigeria 5,400
73 Budapest Hungary 5,300
74 Nairobi Kenya 4,700
75 Netanya Israel 4,300
76 Herzliya Israel 3,900
77 Sharjah UAE 3,800
78 Durban South Africa 3,600
79 Cape Winelands South Africa 3,400
80 Garden Route South Africa 3,000
81 Casablanca Morocco 2,800
82 Pretoria South Africa 2,400
83 Accra Ghana 2,000
84 Luanda Angola 1,800
85 Dar Es Salaam Tanzania 1,400
86 Whale Coast South Africa 1,100
87 Windhoek Namibia 1,100
88 Marrakech Morocco 900
89 Addis Ababa Ethiopia 800
90 Kigali Rwanda 800
91 Maputo Mozambique 800
92 Mombasa Kenya 700
93 Tangier Morocco 700
94 Lusaka Zambia 600
95 Swakopmund Namibia 300
96 Walvis Bay Namibia 300

RELATED CTN NEWS:

Discord: Has Discord Been Involved With Leaked Pentagon Documents?

40 Easy Ways to Make Money Online

Discord: Has Discord Been Involved With Leaked Pentagon Documents?

News

Google’s Search Dominance Is Unwinding, But Still Accounting 48% Search Revenue

Google

Google is so closely associated with its key product that its name is a verb that signifies “search.” However, Google’s dominance in that sector is dwindling.

According to eMarketer, Google will lose control of the US search industry for the first time in decades next year.

Google will remain the dominant search player, accounting for 48% of American search advertising revenue. And, remarkably, Google is still increasing its sales in the field, despite being the dominating player in search since the early days of the George W. Bush administration. However, Amazon is growing at a quicker rate.

google

Google’s Search Dominance Is Unwinding

Amazon will hold over a quarter of US search ad dollars next year, rising to 27% by 2026, while Google will fall even more, according to eMarketer.

The Wall Street Journal was first to report on the forecast.

Lest you think you’ll have to switch to Bing or Yahoo, this isn’t the end of Google or anything really near.

Google is the fourth-most valued public firm in the world. Its market worth is $2.1 trillion, trailing just Apple, Microsoft, and the AI chip darling Nvidia. It also maintains its dominance in other industries, such as display advertisements, where it dominates alongside Facebook’s parent firm Meta, and video ads on YouTube.

To put those “other” firms in context, each is worth more than Delta Air Lines’ total market value. So, yeah, Google is not going anywhere.

Nonetheless, Google faces numerous dangers to its operations, particularly from antitrust regulators.

On Monday, a federal judge in San Francisco ruled that Google must open up its Google Play Store to competitors, dealing a significant blow to the firm in its long-running battle with Fortnite creator Epic Games. Google announced that it would appeal the verdict.

In August, a federal judge ruled that Google has an illegal monopoly on search. That verdict could lead to the dissolution of the company’s search operation. Another antitrust lawsuit filed last month accuses Google of abusing its dominance in the online advertising business.

Meanwhile, European regulators have compelled Google to follow tough new standards, which have resulted in multiple $1 billion-plus fines.

google

Pixa Bay

Google’s Search Dominance Is Unwinding

On top of that, the marketplace is becoming more difficult on its own.

TikTok, the fastest-growing social network, is expanding into the search market. And Amazon has accomplished something few other digital titans have done to date: it has established a habit.

When you want to buy anything, you usually go to Amazon, not Google. Amazon then buys adverts to push companies’ products to the top of your search results, increasing sales and earning Amazon a greater portion of the revenue. According to eMarketer, it is expected to generate $27.8 billion in search revenue in the United States next year, trailing only Google’s $62.9 billion total.

And then there’s AI, the technology that (supposedly) will change everything.

Why search in stilted language for “kendall jenner why bad bunny breakup” or “police moving violation driver rights no stop sign” when you can just ask OpenAI’s ChatGPT, “What’s going on with Kendall Jenner and Bad Bunny?” in “I need help fighting a moving violation involving a stop sign that wasn’t visible.” Google is working on exactly this technology with its Gemini product, but its success is far from guaranteed, especially with Apple collaborating with OpenAI and other businesses rapidly joining the market.

A Google spokeswoman referred to a blog post from last week in which the company unveiled ads in its AI overviews (the AI-generated text that appears at the top of search results). It’s Google’s way of expressing its ability to profit on a changing marketplace while retaining its business, even as its consumers steadily transition to ask-and-answer AI and away from search.

google

Google has long used a single catchphrase to defend itself against opponents who claim it is a monopoly abusing its power: competition is only a click away. Until recently, that seemed comically obtuse. Really? We are going to switch to Bing? Or Duck Duck Go? Give me a break.

But today, it feels more like reality.

Google is in no danger of disappearing. However, every highly dominating company faces some type of reckoning over time. GE, a Dow mainstay for more than a century, was broken up last year and is now a shell of its previous dominance. Sears declared bankruptcy in 2022 and is virtually out of business. US Steel, long the foundation of American manufacturing, is attempting to sell itself to a Japanese corporation.

Could we remember Google in the same way that we remember Yahoo or Ask Jeeves in decades? These next few years could be significant.

SOURCE | CNN

Continue Reading

News

2024 | Supreme Court Won’t Hear Appeal From Elon Musk’s X Platform Over Warrant In Trump Case

trump

Washington — Trump Media,  The Supreme Court announced Monday that it will not hear an appeal from social media platform X about a search warrant acquired by prosecutors in the election meddling case against former President Donald Trump.

The justices did not explain their rationale, and there were no recorded dissents.

The firm, which was known as Twitter before being purchased by billionaire Elon Musk, claims a nondisclosure order that prevented it from informing Trump about the warrant obtained by special counsel Jack Smith’s team violated its First Amendment rights.

The business also claims Trump should have had an opportunity to exercise executive privilege. If not reined in, the government may employ similar tactics to intercept additional privileged communications, their lawyers contended.

trump

Supreme Court Won’t Hear Appeal From Elon Musk’s X Platform Over Warrant In Trump Case

Two neutral electronic privacy groups also joined in, urging the high court to hear the case on First Amendment grounds.

Prosecutors, however, claim that the corporation never shown that Trump utilized the account for official purposes, therefore executive privilege is not a problem. A lower court also determined that informing Trump could have compromised the current probe.

trump

Trump utilized his Twitter account in the weeks preceding up to his supporters’ attack on the Capitol on January 6, 2021, to spread false assertions about the election, which prosecutors claim were intended to create doubt in the democratic process.

The indictment describes how Trump used his Twitter account to encourage his followers to travel to Washington on Jan. 6, pressuring Vice President Mike Pence to reject the certification, and falsely claiming that the Capitol crowd, which battered police officers and destroyed glass, was peaceful.

musk trump

Supreme Court Won’t Hear Appeal From Elon Musk’s X Platform Over Warrant In Trump Case

That case is now moving forward following the Supreme Court’s verdict in July, which granted Trump full immunity from criminal prosecution as a former president.

The warrant arrived at Twitter amid quick changes implemented by Musk, who bought the company in 2022 and has since cut off most of its workforce, including those dedicated to combating disinformation and hate speech.

He also welcomed back a vast list of previously banned users, including Trump, and endorsed him for the 2024 presidential election.

SOURCE | AP

Continue Reading

News

The Supreme Court Turns Down Biden’s Government Appeal in a Texas Emergency Abortion Matter.

Supreme Court

(VOR News) – A ruling that prohibits emergency abortions that contravene the Supreme Court law in the state of Texas, which has one of the most stringent abortion restrictions in the country, has been upheld by the Supreme Court of the United States. The United States Supreme Court upheld this decision.

The justices did not provide any specifics regarding the underlying reasons for their decision to uphold an order from a lower court that declared hospitals cannot be legally obligated to administer abortions if doing so would violate the law in the state of Texas.

Institutions are not required to perform abortions, as stipulated in the decree. The common populace did not investigate any opposing viewpoints. The decision was made just weeks before a presidential election that brought abortion to the forefront of the political agenda.

This decision follows the 2022 Supreme Court ruling that ended abortion nationwide.

In response to a request from the administration of Vice President Joe Biden to overturn the lower court’s decision, the justices expressed their disapproval.

The government contends that hospitals are obligated to perform abortions in compliance with federal legislation when the health or life of an expectant patient is in an exceedingly precarious condition.

This is the case in regions where the procedure is prohibited. The difficulty hospitals in Texas and other states are experiencing in determining whether or not routine care could be in violation of stringent state laws that prohibit abortion has resulted in an increase in the number of complaints concerning pregnant women who are experiencing medical distress being turned away from emergency rooms.

The administration cited the Supreme Court’s ruling in a case that bore a striking resemblance to the one that was presented to it in Idaho at the beginning of the year. The justices took a limited decision in that case to allow the continuation of emergency abortions without interruption while a lawsuit was still being heard.

In contrast, Texas has been a vocal proponent of the injunction’s continued enforcement. Texas has argued that its circumstances are distinct from those of Idaho, as the state does have an exemption for situations that pose a significant hazard to the health of an expectant patient.

According to the state, the discrepancy is the result of this exemption. The state of Idaho had a provision that safeguarded a woman’s life when the issue was first broached; however, it did not include protection for her health.

Certified medical practitioners are not obligated to wait until a woman’s life is in imminent peril before they are legally permitted to perform an abortion, as determined by the state supreme court.

The state of Texas highlighted this to the Supreme Court.

Nevertheless, medical professionals have criticized the Texas statute as being perilously ambiguous, and a medical board has declined to provide a list of all the disorders that are eligible for an exception. Furthermore, the statute has been criticized for its hazardous ambiguity.

For an extended period, termination of pregnancies has been a standard procedure in medical treatment for individuals who have been experiencing significant issues. It is implemented in this manner to prevent catastrophic outcomes, such as sepsis, organ failure, and other severe scenarios.

Nevertheless, medical professionals and hospitals in Texas and other states with strict abortion laws have noted that it is uncertain whether or not these terminations could be in violation of abortion prohibitions that include the possibility of a prison sentence. This is the case in regions where abortion prohibitions are exceedingly restrictive.

Following the Supreme Court’s decision to overturn Roe v. Wade, which resulted in restrictions on the rights of women to have abortions in several Republican-ruled states, the Texas case was revisited in 2022.

As per the orders that were disclosed by the administration of Vice President Joe Biden, hospitals are still required to provide abortions in cases that are classified as dire emergency.

As stipulated in a piece of health care legislation, the majority of hospitals are obligated to provide medical assistance to patients who are experiencing medical distress. This is in accordance with the law.

The state of Texas maintained that hospitals should not be obligated to provide abortions throughout the litigation, as doing so would violate the state’s constitutional prohibition on abortions. In its January judgment, the 5th United States Circuit Court of Appeals concurred with the state and acknowledged that the administration had exceeded its authority.

SOURCE: AP

SEE ALSO:

Could Last-Minute Surprises Derail Kamala Harris’ Campaign? “Nostradamus” Explains the US Poll.

Scientists Awarded MicroRNA The Nobel Prize in Medicine.

US Inflation will Comfort a Fed Focused on Labor Markets.

Continue Reading

Trending