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The world’s 500 richest people have lost a cumulative $1.4 trillion since the beginning of the year, according to Bloomberg’s ‘Billionaires Index’. According to their calculations, the globe’s most wealthy became poorer by $206 billion on Monday alone.

Sofia slapped a hefty transit tax on Russian gas in October, a move which Budapest considers unacceptable Hungary will block Bulgaria’s entry into the EU’s passport-free Schengen area unless Sofia lifts its transit tax on Russian gas, Hungarian Foreign Minister Peter Szijjarto warned in a video posted on Facebook on Saturday. According to Szijjarto, Budapest…