The competition between YouTube and TikTok has grown quite intense in the past few months. With several viewers and creators turning towards TikTok, YouTube has come up with a new strategy.

The Google-owned streaming service said on Tuesday that it will be giving video creators of the platform 45 per cent of the total revenue generated from its video feature – Shorts.

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It is standard practice for the company to share 55 percent of the revenue for content created on the main website and with this development, there will be parity on all of its platforms. This move is expected to counter the $1 billion fund that TikTok has for paying creators, according to Reuters.

Earlier this year, YouTube introduced a $100 million fund for creators who will be making videos on the Shorts feature. The 45 per cent share is a further addition to the already established plan.

According to New York Times, the advertisement revenue has gone up by around 9 per cent in the last year for YouTube and the official figure was somewhere around $14.2 billion.

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“YouTube is sharing a smaller proportion of sales with Shorts creators to offset its significant investment in developing the feature”, Vice President Tara Walpert Levy told NYT.

However, when it comes to users, TikTok has become a major competition in the space. The application, known for extremely short videos and viral dance content, already has 1 billion users.

The Shorts feature was launched as a direct competition and these new moves are being considered to be the push that the new venture needs to excel in the market.

The competition between YouTube and TikTok has grown quite intense in the past few months. With several viewers and creators turning towards TikTok, YouTube has come up with a new strategy.

The competition between YouTube and TikTok has grown quite intense in the past few months. With several viewers and creators turning towards TikTok, YouTube has come up with a new strategy. The Google-owned streaming service said on Tuesday that it will be giving video creators of the platform 45 per cent of the total revenue generated from its video feature – Shorts. Also read | US & Canadian warships sail through Taiwan Strait, second time in three weeks It is standard practice for the company to share 55 percent of the revenue for content created on the main website and with this development, there will be parity on all of its platforms. This move is expected to counter the $1 billion fund that TikTok has for paying creators, according to Reuters. Earlier this year, YouTube introduced a $100 million fund for creators who will be making videos on the Shorts feature. The 45 per cent share is a further addition to the already established plan. According to New York Times, the advertisement revenue has gone up by around 9 per cent in the last year for YouTube and the official figure was somewhere around $14.2 billion. Also read | PM Modi's 'no war' comment to Putin lauded by France and United States “YouTube is sharing a smaller proportion of sales with Shorts creators to offset its significant investment in developing the feature”, Vice President Tara Walpert Levy told NYT. However, when it comes to users, TikTok has become a major competition in the space. The application, known for extremely short videos and viral dance content, already has 1 billion users. The Shorts feature was launched as a direct competition and these new moves are being considered to be the push that the new venture needs to excel in the market.

YouTube to give Shorts creators 45 per cent revenue share to compete with TikTok

Saudi Arabia is planning to launch two astronauts to the International Space Station aboard a space capsule from Elon Musk's SpaceX, becoming the latest Gulf nation to strengthen ties with private U.S. space companies, according to three people familiar with the arrangement.

The sources, speaking anonymously to discuss the mission's crew before its formal announcement, said the deal was signed privately earlier this year with Houston's Axiom Space, which arranges and manages private missions to space on U.S. spacecraft for researchers and tourists.

Under the deal, two Saudi astronauts will ride SpaceX's Crew Dragon capsule to the space station for a roughly weeklong stay early next year, the sources said. The Saudis would be the first from their country to go into space aboard a private spacecraft.

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Axiom had no immediate comment. Officials with the Saudi Space Commission, Riyadh's space agency founded in 2018, were not immediately available to comment.

Private U.S. companies have increasingly played a key role in sending astronauts to the space station as the National Aeronautics and Space Administration, the U.S. space agency now focusing heavily on returning humans to the moon, looks to commercialize the United States' decades-old human spaceflight presence in low-Earth orbit.

The deal would mark the latest that puts companies like Axiom in a unique role of diplomacy long dominated by government agencies like NASA. The space station is a football field-sized laboratory some 250 miles (400 km) above Earth that has housed international crews of astronauts for over 20 years.

The Saudi astronauts will join two previously announced Americans, retired NASA astronaut Peggy Whitson and race car driver and investor John Shoffner, the sources said. The mission, called Ax-2, will be the second spaceflight arranged by Axiom.

The private astronauts aboard Ax-2 have yet to be approved by a NASA-chaired panel of the space station's participating stakeholders and countries, such as Russia, Canada, Japan and the European Space Agency, a U.S. official said. The official added that the mission is likely to receive approval.

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For Axiom and other space companies, cutting deals with foreign governments is seen as vital to sustaining a business centered on putting people in space. Putting people into space is a luxury for wealthy adventure seekers and a source of national prestige and inspiration for aspiring space powers like Saudi Arabia.

Axiom launched its first private mission to the space station in April, sending a four-man crew to the space station aboard a SpaceX Crew Dragon capsule that included a Canadian investor and an Israeli businessman.

And Axiom on Monday announced a deal with Turkey to launch the country's first two astronauts into space in late 2023. That will likely be for mission Ax-3, according to a person familiar with the flight.

Axiom's astronaut flight business is crucial experience for the company's broader goals of deploying its own private space station by mid-decade. It plans to first attach modules to the ISS before splitting off into a fully private structure once the existing international laboratory is retired around 2030.

The value of Axiom's Saudi agreement was not clear. Each Crew Dragon seat on Axiom's first mission sold for $55 million each.

&nbsp;

Saudi Arabia is planning to launch two astronauts to the International Space Station aboard a space capsule from Elon Musk's SpaceX, becoming the latest Gulf nation to strengthen ties with private U.

Saudi Arabia is planning to launch two astronauts to the International Space Station aboard a space capsule from Elon Musk's SpaceX, becoming the latest Gulf nation to strengthen ties with private U.S. space companies, according to three people familiar with the arrangement. The sources, speaking anonymously to discuss the mission's crew before its formal announcement, said the deal was signed privately earlier this year with Houston's Axiom Space, which arranges and manages private missions to space on U.S. spacecraft for researchers and tourists. Under the deal, two Saudi astronauts will ride SpaceX's Crew Dragon capsule to the space station for a roughly weeklong stay early next year, the sources said. The Saudis would be the first from their country to go into space aboard a private spacecraft. Also read | Ukraine's Western allies condemn Russian referendum plans for occupied regions Axiom had no immediate comment. Officials with the Saudi Space Commission, Riyadh's space agency founded in 2018, were not immediately available to comment. Private U.S. companies have increasingly played a key role in sending astronauts to the space station as the National Aeronautics and Space Administration, the U.S. space agency now focusing heavily on returning humans to the moon, looks to commercialize the United States' decades-old human spaceflight presence in low-Earth orbit. The deal would mark the latest that puts companies like Axiom in a unique role of diplomacy long dominated by government agencies like NASA. The space station is a football field-sized laboratory some 250 miles (400 km) above Earth that has housed international crews of astronauts for over 20 years. The Saudi astronauts will join two previously announced Americans, retired NASA astronaut Peggy Whitson and race car driver and investor John Shoffner, the sources said. The mission, called Ax-2, will be the second spaceflight arranged by Axiom. The private astronauts aboard Ax-2 have yet to be approved by a NASA-chaired panel of the space station's participating stakeholders and countries, such as Russia, Canada, Japan and the European Space Agency, a U.S. official said. The official added that the mission is likely to receive approval. Also read | US & Canadian warships sail through Taiwan Strait, second time in three weeks For Axiom and other space companies, cutting deals with foreign governments is seen as vital to sustaining a business centered on putting people in space. Putting people into space is a luxury for wealthy adventure seekers and a source of national prestige and inspiration for aspiring space powers like Saudi Arabia. Axiom launched its first private mission to the space station in April, sending a four-man crew to the space station aboard a SpaceX Crew Dragon capsule that included a Canadian investor and an Israeli businessman. And Axiom on Monday announced a deal with Turkey to launch the country's first two astronauts into space in late 2023. That will likely be for mission Ax-3, according to a person familiar with the flight. Axiom's astronaut flight business is crucial experience for the company's broader goals of deploying its own private space station by mid-decade. It plans to first attach modules to the ISS before splitting off into a fully private structure once the existing international laboratory is retired around 2030. The value of Axiom's Saudi agreement was not clear. Each Crew Dragon seat on Axiom's first mission sold for $55 million each.

Saudi Arabia buys pair of SpaceX astronaut seats from Axiom - Sources

United States and Canadian warships carried out a routine transit through the Taiwan Strait just days after President Joe Biden said that the US would support Taiwan in case of an attack from China.

US Navy spokesperson Lt. Mark Langford said in a statement on Tuesday that the USS Higgins – an Arleigh Burke-class guided-missile destroyer – and HMCS Vancouver – a Halifax-class frigate from the Royal Canadian Navy – were the two ships which made the transit through the Strait.

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The transit “demonstrates the commitment of the United States and our allies and partners to a free and open Indo-Pacific,” Lt. Langford explained in the statement according to CNN.

This was the second time in around three weeks that a US warship has passed through the region.

US House Speaker Nancy Pelosi’s visit to Taiwan caused tensions to flare once again in the region with China responding with military drills in the Strait. In the last two months, a number of US delegations have visited Taiwan with Biden supporting their cause on multiple occasions.

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The US Navy is currently positioned in the area and in recent years, a number of warships have made the journey through the strait. This was one of the few occasions when a Canadian ship also made the transit as confirmed by Ministry of Defence Head of Media Relations Daniel Le Bouthillier.

“Following port visits in Jakarta, Indonesia, and Manila, Philippines, HMCS Vancouver sailed through the Taiwan Strait along with the USS Higgins, as this was the most direct navigational route. This sail was done in full accordance with international law, including high seas navigation rights as outlined in the UN Convention on the Law of the Sea,” Le Bouthillier told CNN.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

United States and Canadian warships carried out a routine transit through the Taiwan Strait just days after President Joe Biden said that the US would support Taiwan in case of an attack from China.

United States and Canadian warships carried out a routine transit through the Taiwan Strait just days after President Joe Biden said that the US would support Taiwan in case of an attack from China. US Navy spokesperson Lt. Mark Langford said in a statement on Tuesday that the USS Higgins – an Arleigh Burke-class guided-missile destroyer – and HMCS Vancouver – a Halifax-class frigate from the Royal Canadian Navy – were the two ships which made the transit through the Strait. Also read | Ukraine's Western allies condemn Russian referendum plans for occupied regions The transit “demonstrates the commitment of the United States and our allies and partners to a free and open Indo-Pacific,” Lt. Langford explained in the statement according to CNN. This was the second time in around three weeks that a US warship has passed through the region. US House Speaker Nancy Pelosi’s visit to Taiwan caused tensions to flare once again in the region with China responding with military drills in the Strait. In the last two months, a number of US delegations have visited Taiwan with Biden supporting their cause on multiple occasions. Also read | Donald Trump's lawyers resist judge's request to clarify 'declassification' claim The US Navy is currently positioned in the area and in recent years, a number of warships have made the journey through the strait. This was one of the few occasions when a Canadian ship also made the transit as confirmed by Ministry of Defence Head of Media Relations Daniel Le Bouthillier. “Following port visits in Jakarta, Indonesia, and Manila, Philippines, HMCS Vancouver sailed through the Taiwan Strait along with the USS Higgins, as this was the most direct navigational route. This sail was done in full accordance with international law, including high seas navigation rights as outlined in the UN Convention on the Law of the Sea,” Le Bouthillier told CNN.

US and Canadian warships sail through Taiwan Strait, second time in three weeks

United Nations Secretary Antonio Guterres has urged countries around the world to impose some form of “windfall taxes” on fossil fuel companies. During the UN general assembly, he said that the money should then be distributed among nations which are suffering from major climate crisis.

In a speech that outlined a number of environmental issues plaguing the planet, Guterres said that the “polluters must pay” for the damage caused by natural disasters in a number of countries.

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“Today, I am calling on all developed economies to tax the windfall profits of fossil fuel companies,” Guterres said in a speech to the UN general assembly on Tuesday, according to AFP.

&nbsp;“Those funds should be redirected in two ways – to countries suffering loss and damage caused by the climate crisis and to people struggling with rising food and energy prices,” he added.

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According to the plan put forward by Guterres, the revenue that will be generated from the taxes can be used for getting early warning systems and provisions for countries who are generally prone to major natural disasters. He described it as a “climate-related and justice-based” global tax.

“Let’s have no illusions. We are in rough seas. A winter of global discontent is on the horizon, a cost-of-living crisis is raging, trust is crumbling, inequalities are exploding, and our planet is burning,” he told the assembly. “We have a duty to act and yet we are gridlocked in colossal global dysfunction. The international community is not ready or willing to tackle the big dramatic challenges of our age.”

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

United Nations Secretary Antonio Guterres has urged countries around the world to impose some form of “windfall taxes” on fossil fuel companies. During the UN general assembly, he said that the money should then be distributed among nations which are suffering from major climate crisis.

United Nations Secretary Antonio Guterres has urged countries around the world to impose some form of “windfall taxes” on fossil fuel companies. During the UN general assembly, he said that the money should then be distributed among nations which are suffering from major climate crisis. In a speech that outlined a number of environmental issues plaguing the planet, Guterres said that the “polluters must pay” for the damage caused by natural disasters in a number of countries. Also read | Türkiye President Erdogan rakes up Kashmir issue again at UNGA “Today, I am calling on all developed economies to tax the windfall profits of fossil fuel companies,” Guterres said in a speech to the UN general assembly on Tuesday, according to AFP. “Those funds should be redirected in two ways – to countries suffering loss and damage caused by the climate crisis and to people struggling with rising food and energy prices,” he added. Also read | Donald Trump's lawyers resist judge's request to clarify 'declassification' claim According to the plan put forward by Guterres, the revenue that will be generated from the taxes can be used for getting early warning systems and provisions for countries who are generally prone to major natural disasters. He described it as a “climate-related and justice-based” global tax. “Let’s have no illusions. We are in rough seas. A winter of global discontent is on the horizon, a cost-of-living crisis is raging, trust is crumbling, inequalities are exploding, and our planet is burning,” he told the assembly. “We have a duty to act and yet we are gridlocked in colossal global dysfunction. The international community is not ready or willing to tackle the big dramatic challenges of our age.”

‘Polluters must pay’: UN chief urges countries to impose tax on fossil fuel companies

Judge Raymond Dearie – the special master in charge of reviewing the materials seized by the FBI during their raid on the Mar-a-Lago residence of former United States President Donald Trump – has asked Trump’s lawyers to make it clear if the documents were declassified at any point.

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This was an argument brought forward by Trump’s lawyers earlier and the judge asked them to officially state their stance on the matter. If the Department of Justice can prove that the documents were classified, the arbitrator can allow them to examine all documents as part of the investigation.

"If the government gives me prima facie evidence (a legal term meaning a fact presumed to be true unless disproved) that this is classified, and you decide not to advance a claim of declassification ... as far as I'm concerned that's the end of it," Dearie told Trump's lawyers on Tuesday, according to Reuters.

However, Trump's lawyers have said that they will not make their position clear immediately.

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On August 8, the FBI searched the Florida residence of the former US President after speaking to witnesses who told them about the presence of classified documents and “proof of obstruction of justice”, according to an affidavit filed by the Department of Justice. The affidavit also claimed that around 100 documents found during the search had “classified” markings on them.

The argument was put forward by Trump himself on social media as he hinted that the documents were declassified by him during his time as president. However, with the DOJ looking to charge him with mishandling of classified state documents, the lawyers have not used this as an official argument.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Judge Raymond Dearie – the special master in charge of reviewing the materials seized by the FBI during their raid on the Mar-a-Lago residence of former United States President Donald Trump – has asked Trump’s lawyers to make it clear if the documents were declassified at any point.

Judge Raymond Dearie – the special master in charge of reviewing the materials seized by the FBI during their raid on the Mar-a-Lago residence of former United States President Donald Trump – has asked Trump’s lawyers to make it clear if the documents were declassified at any point. Also read | Türkiye President Erdogan rakes up Kashmir issue again at UNGA This was an argument brought forward by Trump’s lawyers earlier and the judge asked them to officially state their stance on the matter. If the Department of Justice can prove that the documents were classified, the arbitrator can allow them to examine all documents as part of the investigation. "If the government gives me prima facie evidence (a legal term meaning a fact presumed to be true unless disproved) that this is classified, and you decide not to advance a claim of declassification ... as far as I'm concerned that's the end of it," Dearie told Trump's lawyers on Tuesday, according to Reuters. However, Trump's lawyers have said that they will not make their position clear immediately. Also read | Twitter to depose Elon Musk before the buyout deal trial On August 8, the FBI searched the Florida residence of the former US President after speaking to witnesses who told them about the presence of classified documents and “proof of obstruction of justice”, according to an affidavit filed by the Department of Justice. The affidavit also claimed that around 100 documents found during the search had “classified” markings on them. The argument was put forward by Trump himself on social media as he hinted that the documents were declassified by him during his time as president. However, with the DOJ looking to charge him with mishandling of classified state documents, the lawyers have not used this as an official argument.

Donald Trump's lawyers resist judge's request to clarify 'declassification' claim

The Office for National Statistics (ONS) in the United Kingdom said on Wednesday that irregular heartbeat can cause more deaths than usual in 2022. According to the official data, people who died from irregular heartbeat in the UK in the first half of the year was well above the average.

When it comes to excess deaths – the number of deaths which are more than the national average – in the country, irregular heartbeat is currently the second highest cause. Sky News reported that in March, there have been 234 excess deaths while in April, the number was 138.

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The other causes for excess deaths were diabetes, dementia and Alzheimer's disease.

"Across March, April and May, we saw increases in deaths due to cardiac arrhythmias, predominantly among those aged 80 and above. Work needs to be done to understand any link between the long-term effects of Covid and increasing cardiac deaths," Sarah Caul, head of mortality analysis, said.

"Excess deaths do fluctuate over time and when looking at individual months in 2022, the number of deaths were below expected levels in January and February," she added.

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The experts are also currently trying to ascertain the impact that COVID-19 had on excess deaths in the UK. The ONS believes that there can be some connection between the pandemic and cardiac issues, but the increase in cases caused by other illnesses has become a major cause of concern.

Covid-19 has been only partly responsible for extra deaths in recent months, the ONS said.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The Office for National Statistics (ONS) in the United Kingdom said on Wednesday that irregular heartbeat can cause more deaths than usual in 2022. According to the official data, people who died from irregular heartbeat in the UK in the first half of the year was well above the average.

The Office for National Statistics (ONS) in the United Kingdom said on Wednesday that irregular heartbeat can cause more deaths than usual in 2022. According to the official data, people who died from irregular heartbeat in the UK in the first half of the year was well above the average. When it comes to excess deaths – the number of deaths which are more than the national average – in the country, irregular heartbeat is currently the second highest cause. Sky News reported that in March, there have been 234 excess deaths while in April, the number was 138. Also read | 'This is not a bluff': Putin announces partial military mobilisation in Russia The other causes for excess deaths were diabetes, dementia and Alzheimer's disease. "Across March, April and May, we saw increases in deaths due to cardiac arrhythmias, predominantly among those aged 80 and above. Work needs to be done to understand any link between the long-term effects of Covid and increasing cardiac deaths," Sarah Caul, head of mortality analysis, said. "Excess deaths do fluctuate over time and when looking at individual months in 2022, the number of deaths were below expected levels in January and February," she added. Also read | YouTube to give Shorts creators 45 per cent revenue share to compete with TikTok The experts are also currently trying to ascertain the impact that COVID-19 had on excess deaths in the UK. The ONS believes that there can be some connection between the pandemic and cardiac issues, but the increase in cases caused by other illnesses has become a major cause of concern. Covid-19 has been only partly responsible for extra deaths in recent months, the ONS said.

Deaths caused by irregular heartbeat in UK more than average in 2022

Germany has nationalised its biggest gas importer – Uniper – in a bid to strengthen its position amid the ongoing energy crisis caused by the Russian invasion of Ukraine. As part of the deal, Germany will be investing more than $7.9 billion in the company and acquire a 98.5 per cent stake.

Previously, Uniper was controlled by the Finnish state-owned company Fortum. According to the energy company, the German government will buy all of their shares for around $495 million.

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“Under the current circumstances in the European energy markets and recognising the severity of Uniper’s situation, the divestment of Uniper is the right step to take, not only for Uniper but also for Fortum,” Fortum’s chief executive, Markus Rauramo said in his statement, reports&nbsp;Reuters.

“The role of gas in Europe has changed since Russia attacked Ukraine, and so has the outlook for a gas-heavy portfolio. The business case for an integrated group is no longer viable,” he added.

Germany has been struggling with energy shortages following the sanctions on Russia for its invasion of Ukraine. The ongoing crisis has also been quite harmful for Uniper which&nbsp;incurred losses of around $8.4 billion with its share prices going down by almost 90 per cent.

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"The state will — that's what we're showing now — do everything possible to always keep the companies stable on the market," German economy minister Robert Habeck told Reuters.

Prior to the conflict, Fortum was a major contributor to the Finnish economy but in the past few months, the government in Finland has come under a lot of pressure due to the losses incurred.

(With inputs from agencies)

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Germany has nationalised its biggest gas importer – Uniper – in a bid to strengthen its position amid the ongoing energy crisis caused by the Russian invasion of Ukraine.

Germany has nationalised its biggest gas importer – Uniper – in a bid to strengthen its position amid the ongoing energy crisis caused by the Russian invasion of Ukraine. As part of the deal, Germany will be investing more than $7.9 billion in the company and acquire a 98.5 per cent stake. Previously, Uniper was controlled by the Finnish state-owned company Fortum. According to the energy company, the German government will buy all of their shares for around $495 million. Also read | 'This is not a bluff': Putin announces partial military mobilisation in Russia “Under the current circumstances in the European energy markets and recognising the severity of Uniper’s situation, the divestment of Uniper is the right step to take, not only for Uniper but also for Fortum,” Fortum’s chief executive, Markus Rauramo said in his statement, reports Reuters. “The role of gas in Europe has changed since Russia attacked Ukraine, and so has the outlook for a gas-heavy portfolio. The business case for an integrated group is no longer viable,” he added. Germany has been struggling with energy shortages following the sanctions on Russia for its invasion of Ukraine. The ongoing crisis has also been quite harmful for Uniper which incurred losses of around $8.4 billion with its share prices going down by almost 90 per cent. Also read | US & Canadian warships sail through Taiwan Strait, second time in three weeks "The state will — that's what we're showing now — do everything possible to always keep the companies stable on the market," German economy minister Robert Habeck told Reuters. Prior to the conflict, Fortum was a major contributor to the Finnish economy but in the past few months, the government in Finland has come under a lot of pressure due to the losses incurred. (With inputs from agencies)

Germany nationalises energy giant Uniper to combat global energy crisis

The number of “ultra high net worth” individuals in the world has grown by 46,000 since 2021, according to The Guardian. Currently, there are 218,200 people who can be put in that category – the highest ever tally which is being attributed to the “explosion of wealth” following the pandemic.

According to investment bank Credit Suisse, the recovery period after the COVID-19 pandemic has seen huge boost in both house prices as well the stock market. As a result, a number of people benefitted from owning a diversified portfolio and that can be seen in the UHNW list.

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“The strong rise in financial assets resulted in an increase in inequality in 2021,” the report by Credit Suisse said, reports The Guardian. “The rise in inequality is probably due to the surge in the value of financial assets during the Covid-19 pandemic,” it further explained.

The report also found that the recovery of macroeconomic activity in a low interest environment produced exceptionally favourable conditions for household wealth growth during 2021.

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“We estimate that global wealth totalled $463.6 trillion at the end of 2021, a rise of $41.4 trillion (9.8%),” the report said. “Wealth per adult grew by $6,800 (8.4%) during the course of the year to reach $87,489, close to three times the level recorded at the turn of the century.”

When it comes to countries, Switzerland once again topped the list with the highest average wealth per adult ($700,000). However, in case of Switzerland too, the inequality of income was quite apparent as the country ranked sixth when it comes to median wealth.

(With inputs from agencies)

The number of “ultra high net worth” individuals in the world has grown by 46,000 since 2021, according to The Guardian. Currently, there are 218,200 people who can be put in that category – the highest ever tally which is being attributed to the “explosion of wealth” following the pandemic.

The number of “ultra high net worth” individuals in the world has grown by 46,000 since 2021, according to The Guardian. Currently, there are 218,200 people who can be put in that category – the highest ever tally which is being attributed to the “explosion of wealth” following the pandemic. According to investment bank Credit Suisse, the recovery period after the COVID-19 pandemic has seen huge boost in both house prices as well the stock market. As a result, a number of people benefitted from owning a diversified portfolio and that can be seen in the UHNW list. Also read | Putin announces partial military mobilisation in Russia “The strong rise in financial assets resulted in an increase in inequality in 2021,” the report by Credit Suisse said, reports The Guardian. “The rise in inequality is probably due to the surge in the value of financial assets during the Covid-19 pandemic,” it further explained. The report also found that the recovery of macroeconomic activity in a low interest environment produced exceptionally favourable conditions for household wealth growth during 2021. Also read | US & Canadian warships sail through Taiwan Strait, second time in three weeks “We estimate that global wealth totalled $463.6 trillion at the end of 2021, a rise of $41.4 trillion (9.8%),” the report said. “Wealth per adult grew by $6,800 (8.4%) during the course of the year to reach $87,489, close to three times the level recorded at the turn of the century.” When it comes to countries, Switzerland once again topped the list with the highest average wealth per adult ($700,000). However, in case of Switzerland too, the inequality of income was quite apparent as the country ranked sixth when it comes to median wealth. (With inputs from agencies)

Number of global ultra high net worth individuals hits record high in 2022

Russian President Vladimir Putin announced a partial military&nbsp;mobilisation&nbsp;in the country in order to put the economy at a “wartime footing” as the invasion of Ukraine continues. In a pre-recorded speech which was televised all around the country, Putin said that the decision taken “to defend the motherland, its sovereignty and territorial integrity” will be viewed as an escalation by the West.

Following the Russian premier's announcement&nbsp;oil prices saw an increase of&nbsp;about 3 per cent due to worries about a tighter oil and gas supply.&nbsp;With this,&nbsp;oil companies, BP and Shell&nbsp;both saw their shares rise by over 2.5 per cent each. While &nbsp;BAE Systems, the largest defence business in the United Kingdom, gained 5.3 per cent.

According to Reuters, Putin also said that the West “wants to destroy our country” and claimed that they had tried to “turn Ukraine’s people into cannon fodder”. The “mobilisation&nbsp;events” will begin on Wednesday, but the Russian president did not provide any more details about the timeline.&nbsp;

"If the territorial integrity of our country is threatened, we will use all available means to protect our people - this is not a bluff," Putin said in the address.

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As part of the partial&nbsp;militarisation, there will be a boost in weapons production and as a result, the citizens and businesses in the country are expected to contribute more to the war financially.&nbsp;

The crisis has officially entered its seventh month and in the last few weeks, the Russian position has faltered, allowing Ukraine to recapture considerable ground. This move is expected to be Russia’s push to reclaim lost territories&nbsp;and move towards an advantageous position against the Ukrainian forces.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/us-and-canadian-warships-sail-through-taiwan-strait-second-time-in-three-weeks-518244">US &amp; Canadian warships sail through Taiwan Strait, second time in three weeks</a>

The negotiations featured in Putin’s speech on Wednesday as he accused Kyiv&nbsp;of backing out. He said that the move was dictated by the western countries and Ukraine is currently increasing its military strength by including “neo-Nazi extremists” who are being trained by NATO.&nbsp;

Meanwhile, the regions of Donetsk, Luhansk, Kherson and Zaporizhzhia are likely to organise votes this weekend on a referendum,&nbsp;expressing their desire to become official territories of Russia.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Russian President Vladimir Putin announced a partial military mobilisation in the country in order to put the economy at a “wartime footing” as the invasion of Ukraine continues.

Russian President Vladimir Putin announced a partial military mobilisation in the country in order to put the economy at a “wartime footing” as the invasion of Ukraine continues. In a pre-recorded speech which was televised all around the country, Putin said that the decision taken “to defend the motherland, its sovereignty and territorial integrity” will be viewed as an escalation by the West. Following the Russian premier's announcement oil prices saw an increase of about 3 per cent due to worries about a tighter oil and gas supply. With this, oil companies, BP and Shell both saw their shares rise by over 2.5 per cent each. While BAE Systems, the largest defence business in the United Kingdom, gained 5.3 per cent. According to Reuters, Putin also said that the West “wants to destroy our country” and claimed that they had tried to “turn Ukraine’s people into cannon fodder”. The “mobilisation events” will begin on Wednesday, but the Russian president did not provide any more details about the timeline. "If the territorial integrity of our country is threatened, we will use all available means to protect our people - this is not a bluff," Putin said in the address. Also read | PM Modi's 'no war' comment to Putin lauded by France and United States As part of the partial militarisation, there will be a boost in weapons production and as a result, the citizens and businesses in the country are expected to contribute more to the war financially. The crisis has officially entered its seventh month and in the last few weeks, the Russian position has faltered, allowing Ukraine to recapture considerable ground. This move is expected to be Russia’s push to reclaim lost territories and move towards an advantageous position against the Ukrainian forces. Also read | US & Canadian warships sail through Taiwan Strait, second time in three weeks The negotiations featured in Putin’s speech on Wednesday as he accused Kyiv of backing out. He said that the move was dictated by the western countries and Ukraine is currently increasing its military strength by including “neo-Nazi extremists” who are being trained by NATO. Meanwhile, the regions of Donetsk, Luhansk, Kherson and Zaporizhzhia are likely to organise votes this weekend on a referendum, expressing their desire to become official territories of Russia.

'Will use all available means, this is not a bluff': Russia's Putin announces partial military mobilisation

Britain’s newly elected Prime Minister Liz Truss has pledged that the United Kingdom will continue their financial support to Ukraine. Ahead of her first foreign trip as PM, Truss said that the UK will match the figures of 2022 and will also send both financial and artillery support to Ukraine.

"My message to the people of Ukraine is this: the UK will continue to be right behind you every step of the way. Your security is our security," Truss said according to Reuters.

Also read |&nbsp;<a href="https://www.wionews.com/world/unga-formally-opens-today-with-ukraine-crisis-global-hunger-in-spotlight-517907" hreflang="en">UNGA formally opens today with Ukraine crisis, global hunger in spotlight</a>

The UK has been a major supporter of Ukraine in the ongoing Russian invasion and till now, they have committed £2.3bn to the cause in 2022. According to the media reports, Truss is expected to talk more about the commitment during the annual United Nations General Assembly (UNGA).

"The number one issue is global security - making sure we are able to collectively deal with Russian aggression and ensuring that Ukraine prevails, and Putin doesn't have success in Ukraine.”

Also read |&nbsp;<a href="https://www.wionews.com/world/location-is-everything-donald-trump-mocks-joe-biden-after-queen-elizabeth-iis-funeral-517943" hreflang="en">'Location is everything': Donald Trump mocks Joe Biden after Queen Elizabeth II's funeral</a>

"(It's a) huge priority for European security as well as ensuring that we are working together with other members of the G7 to make sure we are not strategically dependent on authoritarian regimes. That's the priority," Truss told reporters ahead of her foreign trip according to Sky News.

During her campaign, Truss sparked a mini controversy when she said that she is not sure whether France is a “friend or foe” to Britain. Ahead of her US trip, Truss made it clear that she is looking to work closely with Emmanuel Macron and said that she wanted "a constructive relationship with France".

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Britain’s newly elected Prime Minister Liz Truss has pledged that the United Kingdom will continue their financial support to Ukraine. Ahead of her first foreign trip as PM, Truss said that the UK will match the figures of 2022 and will also send both financial and artillery support to Ukraine.

Britain’s newly elected Prime Minister Liz Truss has pledged that the United Kingdom will continue their financial support to Ukraine. Ahead of her first foreign trip as PM, Truss said that the UK will match the figures of 2022 and will also send both financial and artillery support to Ukraine. "My message to the people of Ukraine is this: the UK will continue to be right behind you every step of the way. Your security is our security," Truss said according to Reuters. Also read | UNGA formally opens today with Ukraine crisis, global hunger in spotlight The UK has been a major supporter of Ukraine in the ongoing Russian invasion and till now, they have committed £2.3bn to the cause in 2022. According to the media reports, Truss is expected to talk more about the commitment during the annual United Nations General Assembly (UNGA). "The number one issue is global security - making sure we are able to collectively deal with Russian aggression and ensuring that Ukraine prevails, and Putin doesn't have success in Ukraine.” Also read | 'Location is everything': Donald Trump mocks Joe Biden after Queen Elizabeth II's funeral "(It's a) huge priority for European security as well as ensuring that we are working together with other members of the G7 to make sure we are not strategically dependent on authoritarian regimes. That's the priority," Truss told reporters ahead of her foreign trip according to Sky News. During her campaign, Truss sparked a mini controversy when she said that she is not sure whether France is a “friend or foe” to Britain. Ahead of her US trip, Truss made it clear that she is looking to work closely with Emmanuel Macron and said that she wanted "a constructive relationship with France".

UK will match military aid spent on Ukraine next year, says PM Liz Truss

Reigning chess world champion Magnus Carlsen continued to dominate headlines after leaving his match against Hans Niemann at the Julius Baer Generation Cup after just two moves. The earlier match between the two grandmasters at the Sinquefield Cup sparked a major controversy as Niemann was accused of cheating after beating the Norwegian in a shocking upset.

Also read |&nbsp;<a href="https://www.wionews.com/sports/will-virat-kohli-break-sachin-tendulkars-historic-feat-ricky-ponting-shares-his-take-517856" hreflang="en">Will Virat Kohli break Sachin Tendulkar's historic feat? Ricky Ponting shares his take</a>

On Monday, both players appeared for the match on video link during the live broadcast on Chess24. Nieman, who was playing with white, made the first move of the match and Carlson followed. However, right after the first move, Carlsen disconnected from the encounter.

The decision by Carlsen to take part in the match added fuel to the controversy surrounding their previous game. Following the incident, world’s best blitz player – Hikaru Nakamura – claimed that Carlsen left the game because he suspected that Niemann had “probably cheated”. He also revealed that Niemann was banned by the world’s most popular chess website - Chess.com.

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While Niemann did admit to cheating in online tournaments as a teenager, he denied all allegations when it came to this game against Carlsen. “I have never cheated in an over-the-board game,” he said and even proposed to play in “a closed box with zero electronic transmission”.

Both the players were back for their next matches, but the commentators were left shocked by the events. “Magnus [is] just refusing to play against Hans. He will play the tournament, but he is saying ‘I will not play the game against him’. That’s making a very big statement,” Chess24 commentator Tanya Sachdeva remarked.

Reigning chess world champion Magnus Carlsen continued to dominate headlines after leaving his match against Hans Niemann at the Julius Baer Generation Cup after just two moves.

Reigning chess world champion Magnus Carlsen continued to dominate headlines after leaving his match against Hans Niemann at the Julius Baer Generation Cup after just two moves. The earlier match between the two grandmasters at the Sinquefield Cup sparked a major controversy as Niemann was accused of cheating after beating the Norwegian in a shocking upset. Also read | Will Virat Kohli break Sachin Tendulkar's historic feat? Ricky Ponting shares his take On Monday, both players appeared for the match on video link during the live broadcast on Chess24. Nieman, who was playing with white, made the first move of the match and Carlson followed. However, right after the first move, Carlsen disconnected from the encounter. The decision by Carlsen to take part in the match added fuel to the controversy surrounding their previous game. Following the incident, world’s best blitz player – Hikaru Nakamura – claimed that Carlsen left the game because he suspected that Niemann had “probably cheated”. He also revealed that Niemann was banned by the world’s most popular chess website - Chess.com. Also read | WATCH: Heartwarming! Ronaldo hugs young fan, signs autograph While Niemann did admit to cheating in online tournaments as a teenager, he denied all allegations when it came to this game against Carlsen. “I have never cheated in an over-the-board game,” he said and even proposed to play in “a closed box with zero electronic transmission”. Both the players were back for their next matches, but the commentators were left shocked by the events. “Magnus [is] just refusing to play against Hans. He will play the tournament, but he is saying ‘I will not play the game against him’. That’s making a very big statement,” Chess24 commentator Tanya Sachdeva remarked.

Magnus Carlsen resigns from rematch with Hans Niemann after just two moves

Ukraine continued their resurgence in the ongoing conflict with Russia as the resistance forces were able to recapture a village near the city of Lysychansk. The region of Luhansk has been under Russian control since early days of the invasion, but this was a significant victory for the Ukrainian military.

Luhansk’s governor, Serhiy Haidai, took to Telegram to say that the Ukrainian military were in complete control of Bilohorivka, a suburban area around 88 kilometers from Lysychansk.

Also read |&nbsp;<a href="https://www.wionews.com/world/ukraine-war-us-says-russian-military-company-wagner-trying-to-recruit-over-1500-felons-517884" hreflang="en">Ukraine war: US says Russian military company Wagner trying to recruit felons</a>

&nbsp;“It’s a suburb of Lysychansk. Soon we will drive these scumbags out of there with a broom,” he said. “Step by step, centimetre by centimetre, we will liberate our entire land from the invaders.”

The Russian forces were in control of the region since July when Ukraine decided to retreat from the cities of Sievierdonetsk and Lysychansk. However, the counteroffensive by the Ukrainian military in the last few weeks allowed them to recapture a part of the region after the success in Kharkiv.

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According to Reuters, the next target for the Ukrainian military will be to recapture the city of Lysychansk. The Donbas region – comprising of Donetsk and Luhansk – currently have Russia-backed local governments but it seems that Kremlin will not be able to hold on to their position for long.

There was more good news for Ukraine as the state nuclear company – Energoatom – said on Monday that the recent shelling from the Russian military in the southern Mykolaiv region did not cause any damage to the nearby nuclear plant as all three reacts were working properly.

“Fortunately, there were no casualties among the station staff,” the company&nbsp;told Reuters.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Ukraine continued their resurgence in the ongoing conflict with Russia as the resistance forces were able to recapture a village near the city of Lysychansk. The region of Luhansk has been under Russian control since early days of the invasion, but this was a significant victory for the Ukrainian military.

Ukraine continued their resurgence in the ongoing conflict with Russia as the resistance forces were able to recapture a village near the city of Lysychansk. The region of Luhansk has been under Russian control since early days of the invasion, but this was a significant victory for the Ukrainian military. Luhansk’s governor, Serhiy Haidai, took to Telegram to say that the Ukrainian military were in complete control of Bilohorivka, a suburban area around 88 kilometers from Lysychansk. Also read | Ukraine war: US says Russian military company Wagner trying to recruit felons “It’s a suburb of Lysychansk. Soon we will drive these scumbags out of there with a broom,” he said. “Step by step, centimetre by centimetre, we will liberate our entire land from the invaders.” The Russian forces were in control of the region since July when Ukraine decided to retreat from the cities of Sievierdonetsk and Lysychansk. However, the counteroffensive by the Ukrainian military in the last few weeks allowed them to recapture a part of the region after the success in Kharkiv. Also read | 'It seems like a curse': Powerful quake hits Mexico on same day for third time According to Reuters, the next target for the Ukrainian military will be to recapture the city of Lysychansk. The Donbas region – comprising of Donetsk and Luhansk – currently have Russia-backed local governments but it seems that Kremlin will not be able to hold on to their position for long. There was more good news for Ukraine as the state nuclear company – Energoatom – said on Monday that the recent shelling from the Russian military in the southern Mykolaiv region did not cause any damage to the nearby nuclear plant as all three reacts were working properly. “Fortunately, there were no casualties among the station staff,” the company told Reuters.

Ukrainian forces recapture village in Luhansk region as Russia loses control

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