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....Just capitalism in action, it might be argued – no point being squeamish. Kraft may be an unlovely maker of processed cheese backed by a Brazilian billionaire with a well-developed appetite for ripping out costs, but Unilever is a commercial enterprise too. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:00 AM
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. Shares in Anglo American have soared after an Indian billionaire said he would spend up to £2bn taking a stake in the miner. ... [Read full article on BBC ]
Thursday 16th of March 2017 09:20:01 AM
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....Snap Inc, the company behind disappearing messaging app Snapchat, has gone public with stocks soaring 44% on their first day of trading and valuing the company at $28bn. The market debut of the loss-making tech enterprise on Thursday catapulted its twentysomething co-founders Evan Spiegel and Bobby Murphy into the top tier of the tech billionaires. ... [Read full article on Guardian ]
Thursday 2nd of March 2017 04:27:48 PM
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.... Another £20m from Sir Philip is being used to cover expenses. MPs had also called for the Topshop billionaire to be stripped of his knighthood. ... [Read full article on BBC ]
Tuesday 28th of February 2017 02:38:18 PM
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....7 million of previously undistributed dividends), 145 thousand Liberty Media Corporation shares and $911 thousand of Liberty Media exchangeable notes”. Liberty, run by billionaire media magnate John Malone, bought Formula One’s parent company, Delta Topco, for $8bn in January. ... [Read full article on Guardian ]
Friday 10th of March 2017 04:46:33 PM
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....5bn investment that will support its development of new battery technologies and robotics. The company, led by the billionaire inventor Sir James Dyson, will increase its UK geographical footprint tenfold by developing the campus on a former Ministry of Defence airfield and intends to at least double its workforce of 3,500 over the next few years. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 07:19:58 PM
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....". The first mission would be unmanned, and the next one - with crew - was expected in the second quarter of 2018, the billionaire entrepreneur and inventor said. ... [Read full article on BBC ]
Monday 27th of February 2017 11:48:09 PM
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. Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. ... [Read full article on BBC ]
Monday 20th of March 2017 05:17:00 PM
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Monday 20th of March 2017 07:01:10 PM
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....The UK’s most expensive house, Hanover Lodge in Regent’s Park, London, which was sold by the former Conservative peer Lord Bagri for £120m in 2012, is owned by a Gibraltar-registered company, Green Palace Gardens Limited. It has been reported that Russian billionaire Andrey Goncharenko owns it and several other luxury homes in London, including the £15m Eaton Square mansion recently taken over by squatters. ... [Read full article on Guardian ]
Sunday 5th of March 2017 12:04:29 AM
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....The global population of UHNWIs increased by 6,340 last year to 193,490, after a slight decrease in 2015. Another 60 people were added to the global tally of billionaires last year, taking the total number of dollar billionaires to 2,024 – up 45% over the past decade. ... [Read full article on Guardian ]
Wednesday 1st of March 2017 01:46:10 PM
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....It left Snap valued at almost $30bn, although it has never made a profit. The firm's initial public offering is the biggest for a US tech firm since Facebook in 2012 and will turn the company's founders, Evan Spiegel and Bobby Murphy, into multi-billionaires. ... [Read full article on BBC ]
Thursday 2nd of March 2017 04:33:26 PM
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....Sir Philip Green has agreed to hand over £363m in cash to rescue the BHS pension scheme, and settle one of the biggest City rows of recent decades. The deal with the Pensions Regulator, which is likely to help the billionaire keep his knighthood, follows the controversial collapse of the BHS department store chain last April, which led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 02:42:06 PM
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....The flotation values the business at $24bn, although Snap has never made a profit. It will turn the company's founders Evan Spiegel and Bobby Murphy into multi-billionaires. ... [Read full article on BBC ]
Wednesday 1st of March 2017 09:34:54 PM
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. US billionaire Warren Buffett has backed American businesses to continue to create "mind-boggling" wealth. ... [Read full article on BBC ]
Sunday 26th of February 2017 11:22:32 AM
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....US president Donald Trump’s fortune has fallen by about $1bn to $3. 5bn over the past year, as measured by Forbes magazine in its annual list of the world’s billionaires. ... [Read full article on Guardian ]
Monday 20th of March 2017 12:28:52 PM
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....Mining companies dominated the FTSE risers, with Anglo American topping the leaders' board with an 8% increase. Its shares were boosted after Indian billionaire Anil Agarwal said he would buy a stake worth up to £2bn in the diamond and platinum miner. ... [Read full article on BBC ]
Thursday 16th of March 2017 03:47:19 PM
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....It is a paradox that a country that sought freedom from a king, the United States, is today happy to crown monarchs in commerce. Snap, which calls itself a camera company but is in fact a Silicon Valley firm behind a mobile messaging app, floated on the US stock exchange making billionaires of its two under-30 founders. ... [Read full article on Guardian ]
Thursday 2nd of March 2017 07:35:19 PM
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. The multibillionaire behind the Zara retail chain has banked another £1bn after the fashion group reported record sales and profits. ... [Read full article on Guardian ]
Wednesday 15th of March 2017 10:47:42 AM
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....Dominic Chappell, the last owner of BHS, has pledged to fight legal action by the Pensions Regulator designed to force him to pay millions of pounds into the failed retailer’s pension scheme, saying the black hole in the scheme was not his fault. The regulator has agreed a £363m cash settlement with Sir Philip Green to rescue the BHS pension scheme and halted legal proceedings against the billionaire. ... [Read full article on Guardian ]
Wednesday 1st of March 2017 06:44:02 PM
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.... Others openly encourage it, offering rich individual foreign investors citizenship (“golden visas”) in return for property investment. It is symbolic, Farha notes, that the world’s most powerful politician, US president Donald Trump, is a billionaire property developer. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 01:00:28 PM
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....Transline, which supplied around half of Sports Direct’s 3,000 warehouse workers at the time of the scandal, was also accused of misleading MPs during the inquiry, which prompted the committee chairman, Iain Wright MP, to call on Sports Direct’s founder, Mike Ashley, to axe the firm. In a letter to the controversial billionaire, Wright wrote: “We ask you to think seriously about continuing to use Transline, a company that treats their workers and conducts its business in a way that is inconsistent with your own aspirations for Sports Direct to be on a par with likes of Selfridges and John Lewis. ... [Read full article on Guardian ]
Monday 13th of March 2017 07:52:39 PM
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. The billionaire Warren Buffett, whose stock picks have turned Berkshire Hathaway into one of the most successful conglomerates in the world, criticised Wall Street on Saturday, saying investors should “stick with low-cost index funds”. ... [Read full article on Guardian ]
Saturday 25th of February 2017 02:29:52 PM
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.... Cory Booker, a Democratic senator from New Jersey, and four other Democrats, sent a letter to Wilbur Ross, the newly confirmed commerce secretary, demanding more information about his role as vice-chair of the Bank of Cyprus. Ross, a billionaire investor who has claimed in a private conversation with another senator, Bill Nelson, that the White House is “sitting on” his responses, has not replied to two other letters sent by senators before his confimation hearing. ... [Read full article on Guardian ]
Saturday 11th of March 2017 01:53:14 PM
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....A parliamentary inquiry into working practices at the retailer - prompted by a Guardian investigation - concluded last year that Ashley had been running Sports Direct like a Victorian workhouse. The billionaire said in a letter to staff published on Tuesday: “I have always believed Sports Direct to be a business that was built by the great people who work here. ... [Read full article on Guardian ]
Thursday 9th of March 2017 09:38:42 AM
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....The merger was opposed by many shareholders, but went through after the national pension fund – a major Samsung shareholder – approved it. The arrest of the 48-year-old billionaire earlier this month deepened the crisis facing Samsung, coming soon after the safety scare involving its smartphone, the Galaxy Note 7. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 10:22:14 AM
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....In any case, it seems unlikely that Apple chief executive Tim Cook will be losing much sleep over all this. After all, the company is clearly doing the right thing as far as billionaire investor Warren Buffett is concerned, since he recently quadrupled his stake. ... [Read full article on Guardian ]
Sunday 26th of February 2017 07:00:23 AM
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....”. Green and the Pensions Regulator announced last week that the billionaire tycoon had agreed to pay £363m to help fill the hole in the BHS pension scheme. ... [Read full article on Guardian ]
Sunday 5th of March 2017 03:28:55 PM
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.... He and co-founder Bobby Murphy rang the bell in sharp suits, the kind ushers might wear at a wedding. Dressing up for your IPO makes a change from the Mark Zuckerberg-approved scruffiness – a sartorial humblebrag for billionaires – that has dominated Silicon Valley. ... [Read full article on Guardian ]
Sunday 5th of March 2017 02:00:02 PM
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. Property billionaires Nick and Christian Candy have been accused of frightening another businessman’s wife so seriously that she took to sleeping in her children’s bedroom, while the family hired armed guards and installed CCTV to protect their home. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 05:32:23 PM
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Latest Finance News related to Billionaire

Viagogo: who runs it and who owns it? image
Source : Guardian [Read Article] Friday 24th of March 2017 06:03:57 PM
.... He too declined a request for comment. Another major investor who did not want to discuss Viagogo is billionaire Bernard Arnault, chief executive of Louis Vuitton Moet Hennessy, the luxury brands company based in France. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
....Green could get the money back despite BHS workers receiving on average just 88% of the value of their original benefits from the settlement. Field, who co-led the parliamentary investigation into the collapse of the retailer, called on the billionaire tycoon to hand the £15m to BHS pensioners to make up for the shortfall in their benefits. ...
Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
. Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. ...
Unilever is safe, but we need better defences against short-term capitalism image
....Just capitalism in action, it might be argued – no point being squeamish. Kraft may be an unlovely maker of processed cheese backed by a Brazilian billionaire with a well-developed appetite for ripping out costs, but Unilever is a commercial enterprise too. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
....There is a saying in the property world: “You only deal with Candy & Candy once”. Those were the words of a witness at a £132m high court trial for damages which has turned the private and financial affairs of billionaire property moguls Nick and Christian Candy into a succession of lurid headlines. ...
Stock markets soar across Europe as FTSE clocks up new high image
Source : Guardian [Read Article] Thursday 16th of March 2017 06:58:16 PM
....95. Anglo American was the biggest gainer, however, closing up almost 9% after the Indian billionaire Anil Agarwal said he was buying a £2bn stake. ...
FTSE 100 closes at record high image
Source : BBC [Read Article] Thursday 16th of March 2017 03:47:19 PM
....Mining companies dominated the FTSE risers, with Anglo American topping the leaders' board with an 8% increase. Its shares were boosted after Indian billionaire Anil Agarwal said he would buy a stake worth up to £2bn in the diamond and platinum miner. ...
Anglo American soars as billionaire buys 12% stake image
Source : BBC [Read Article] Thursday 16th of March 2017 09:20:01 AM
. Shares in Anglo American have soared after an Indian billionaire said he would spend up to £2bn taking a stake in the miner. ...
Ian and Greg Chappell call on Adani to abandon Carmichael mine project image
Source : Guardian [Read Article] Thursday 16th of March 2017 01:46:56 AM
. Australian cricketing greats Ian and Greg Chappell have signed an open letter calling on Indian billionaire Gautam Adani to abandon his company’s proposed Queensland coalmine. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
Christian Candy's finance chief denies 'good cop, bad cop' game image
Source : Guardian [Read Article] Tuesday 14th of March 2017 05:51:04 PM
....Tim Dean, the finance director of CPC, appeared in the high court in London on Tuesday to give evidence against claims brought by Holyoake, a former university friend of Nick Candy. Holyoake claims the billionaire brothers threatened him after he took out a £12m loan to fund a property redevelopment in Belgravia in 2011 and intimidated him into paying back £37m. ...
Employment agency at centre of Sports Direct scandal axed by Amazon image
Source : Guardian [Read Article] Monday 13th of March 2017 07:52:39 PM
....Transline, which supplied around half of Sports Direct’s 3,000 warehouse workers at the time of the scandal, was also accused of misleading MPs during the inquiry, which prompted the committee chairman, Iain Wright MP, to call on Sports Direct’s founder, Mike Ashley, to axe the firm. In a letter to the controversial billionaire, Wright wrote: “We ask you to think seriously about continuing to use Transline, a company that treats their workers and conducts its business in a way that is inconsistent with your own aspirations for Sports Direct to be on a par with likes of Selfridges and John Lewis. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
.... Cory Booker, a Democratic senator from New Jersey, and four other Democrats, sent a letter to Wilbur Ross, the newly confirmed commerce secretary, demanding more information about his role as vice-chair of the Bank of Cyprus. Ross, a billionaire investor who has claimed in a private conversation with another senator, Bill Nelson, that the White House is “sitting on” his responses, has not replied to two other letters sent by senators before his confimation hearing. ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
....7 million of previously undistributed dividends), 145 thousand Liberty Media Corporation shares and $911 thousand of Liberty Media exchangeable notes”. Liberty, run by billionaire media magnate John Malone, bought Formula One’s parent company, Delta Topco, for $8bn in January. ...
Christian Candy adviser linked to Litvinenko and his alleged killer image
Source : Guardian [Read Article] Thursday 9th of March 2017 07:45:01 PM
....Candy and his brother are defending charges that they used blackmail and intimidation to extort repayment of a loan. The case against the billionaire property developers is being brought by their former business associate, Mark Holyoake. ...
Sports Direct's move to put worker on board branded 'PR exercise' image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:38:42 AM
....A parliamentary inquiry into working practices at the retailer - prompted by a Guardian investigation - concluded last year that Ashley had been running Sports Direct like a Victorian workhouse. The billionaire said in a letter to staff published on Tuesday: “I have always believed Sports Direct to be a business that was built by the great people who work here. ...
Christian Candy tells court he follows rules on tax exile 'religiously' image
....Property tycoon Christian Candy has described as “artistic exaggeration” a claim he made on film that, if true, would have called into question his status as a Monaco tax exile. The billionaire was testifying in a £132m high court case brought by businessman Mark Holyoake, who alleges that Candy and brother Nick extorted and intimidated him in a dispute over a £12m loan to buy a luxury hotel. ...
Topshop owner to double contributions to plug pension deficit image
Source : Guardian [Read Article] Sunday 5th of March 2017 03:28:55 PM
....”. Green and the Pensions Regulator announced last week that the billionaire tycoon had agreed to pay £363m to help fill the hole in the BHS pension scheme. ...
From sweaters to suits: the evolution of Silicon Valley CEO style image
Source : Guardian [Read Article] Sunday 5th of March 2017 02:00:02 PM
.... He and co-founder Bobby Murphy rang the bell in sharp suits, the kind ushers might wear at a wedding. Dressing up for your IPO makes a change from the Mark Zuckerberg-approved scruffiness – a sartorial humblebrag for billionaires – that has dominated Silicon Valley. ...
£220,000: the price super-rich will pay to keep their privacy image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
....The UK’s most expensive house, Hanover Lodge in Regent’s Park, London, which was sold by the former Conservative peer Lord Bagri for £120m in 2012, is owned by a Gibraltar-registered company, Green Palace Gardens Limited. It has been reported that Russian billionaire Andrey Goncharenko owns it and several other luxury homes in London, including the £15m Eaton Square mansion recently taken over by squatters. ...
Christian Candy tells high court: ‘I don’t deal with shady people’ image
....”. The billionaire was giving evidence for a third day in a £132m claim for damages brought by the entrepreneur Mark Holyoake, who alleges Candy and his brother used threats and blackmail to extort repayments totalling £37m on a £12m loan. ...
City news: Merlin Entertainments, Sportech, and Mike Ashley  image
Source : Daily Express [Read Article] Friday 3rd of March 2017 08:59:00 AM
....SPORTS Direct tycoon Mike Ashley has bought lingerie firm Agent Provocateur out of administration. The billionaire owner of Newcastle United acquired the chain, which employs 600 people, through his investment vehicle Four Holdings in a “pre-pack” deal, enabling him to cherry-pick parts of the business at a knockdown price after its collapse. ...
The Guardian view of Snap IPO: a shareholding monarchy | Editorial image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:35:19 PM
....It is a paradox that a country that sought freedom from a king, the United States, is today happy to crown monarchs in commerce. Snap, which calls itself a camera company but is in fact a Silicon Valley firm behind a mobile messaging app, floated on the US stock exchange making billionaires of its two under-30 founders. ...
Snapchat firm share price soars on debut image
Source : BBC [Read Article] Thursday 2nd of March 2017 04:33:26 PM
....It left Snap valued at almost $30bn, although it has never made a profit. The firm's initial public offering is the biggest for a US tech firm since Facebook in 2012 and will turn the company's founders, Evan Spiegel and Bobby Murphy, into multi-billionaires. ...
Snapchat goes public at $29bn and makes co-founders tech billionaires image
Source : Guardian [Read Article] Thursday 2nd of March 2017 04:27:48 PM
....Snap Inc, the company behind disappearing messaging app Snapchat, has gone public with stocks soaring 44% on their first day of trading and valuing the company at $28bn. The market debut of the loss-making tech enterprise on Thursday catapulted its twentysomething co-founders Evan Spiegel and Bobby Murphy into the top tier of the tech billionaires. ...
Snapchat IPO: Firm valued at $24bn despite losses image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:34:54 PM
....The flotation values the business at $24bn, although Snap has never made a profit. It will turn the company's founders Evan Spiegel and Bobby Murphy into multi-billionaires. ...
Dominic Chappell to fight legal action forcing him to pay BHS pensions image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:44:02 PM
....Dominic Chappell, the last owner of BHS, has pledged to fight legal action by the Pensions Regulator designed to force him to pay millions of pounds into the failed retailer’s pension scheme, saying the black hole in the scheme was not his fault. The regulator has agreed a £363m cash settlement with Sir Philip Green to rescue the BHS pension scheme and halted legal proceedings against the billionaire. ...
London to remain a 'magnet for global superrich despite Brexit' image
Source : Guardian [Read Article] Wednesday 1st of March 2017 01:46:10 PM
....The global population of UHNWIs increased by 6,340 last year to 193,490, after a slight decrease in 2015. Another 60 people were added to the global tally of billionaires last year, taking the total number of dollar billionaires to 2,024 – up 45% over the past decade. ...
Dyson shrugs off Brexit fears with massive UK expansion plan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:19:58 PM
....5bn investment that will support its development of new battery technologies and robotics. The company, led by the billionaire inventor Sir James Dyson, will increase its UK geographical footprint tenfold by developing the campus on a former Ministry of Defence airfield and intends to at least double its workforce of 3,500 over the next few years. ...
Sir Philip Green hasn't pushed the boat out with his BHS pensions deal | Nils Pratley image
.... Green, one assumes, just wanted a clean break in order to keep his knighthood and, by securing official support for the settlement, he is most of the way there. Those MPs who voted for a de-gonging last year may still regard Green as a “billionaire spiv” but that, in itself, has never been an impediment to receiving a knighthood or a reason for losing one, as the honours committee will surely have to point out. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
. Property billionaires Nick and Christian Candy have been accused of frightening another businessman’s wife so seriously that she took to sleeping in her children’s bedroom, while the family hired armed guards and installed CCTV to protect their home. ...
Philip Green agrees to pay £363m into BHS pension fund image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:42:06 PM
....Sir Philip Green has agreed to hand over £363m in cash to rescue the BHS pension scheme, and settle one of the biggest City rows of recent decades. The deal with the Pensions Regulator, which is likely to help the billionaire keep his knighthood, follows the controversial collapse of the BHS department store chain last April, which led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. ...
Sir Philip Green strikes BHS pension deal with regulator image
Source : BBC [Read Article] Tuesday 28th of February 2017 02:38:18 PM
.... Another £20m from Sir Philip is being used to cover expenses. MPs had also called for the Topshop billionaire to be stripped of his knighthood. ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
.... Others openly encourage it, offering rich individual foreign investors citizenship (“golden visas”) in return for property investment. It is symbolic, Farha notes, that the world’s most powerful politician, US president Donald Trump, is a billionaire property developer. ...
Samsung's acting head indicted on bribery charges as scandal grows image
Source : Guardian [Read Article] Tuesday 28th of February 2017 10:22:14 AM
....The merger was opposed by many shareholders, but went through after the national pension fund – a major Samsung shareholder – approved it. The arrest of the 48-year-old billionaire earlier this month deepened the crisis facing Samsung, coming soon after the safety scare involving its smartphone, the Galaxy Note 7. ...
SpaceX to fly two tourists around Moon in 2018 image
Source : BBC [Read Article] Monday 27th of February 2017 11:48:09 PM
....". The first mission would be unmanned, and the next one - with crew - was expected in the second quarter of 2018, the billionaire entrepreneur and inventor said. ...
Warren Buffett upbeat on US business growth image
Source : BBC [Read Article] Sunday 26th of February 2017 11:22:32 AM
. US billionaire Warren Buffett has backed American businesses to continue to create "mind-boggling" wealth. ...
Will Pirc squeeze Apple until the pips squeak? image
Source : Guardian [Read Article] Sunday 26th of February 2017 07:00:23 AM
....In any case, it seems unlikely that Apple chief executive Tim Cook will be losing much sleep over all this. After all, the company is clearly doing the right thing as far as billionaire investor Warren Buffett is concerned, since he recently quadrupled his stake. ...
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants image
. The billionaire Warren Buffett, whose stock picks have turned Berkshire Hathaway into one of the most successful conglomerates in the world, criticised Wall Street on Saturday, saying investors should “stick with low-cost index funds”. ...
Snapchat IPO: Evan Spiegel tries to sell investors on his top product – himself image
.... If it works out, he’s going to be a very rich man. Next month Snap, owner of the Snapchat app, will go public on the New York stock exchange, cementing Spiegel and co-founder Bobby Murphy’s place in the ranks of tech billionaires. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
....The four richest men in Indonesia own as much wealth as the country’s poorest 100 million citizens, despite the nation’s president repeatedly pledging to fighting “dangerous” levels of inequality. Oxfam on Thursday highlighted Indonesia as one of the most unequal countries in the world, where the number of dollar billionaires has increased from one in 2002 to 20 in 2016. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
.... The chief executive, Paul Polman, after his unpleasant encounter with Kraft Heinz, appears to have drawn two correct conclusions. First, it was embarrassing that a company of Unilever’s size and standing could even be viewed as prey by Kraft’s cast of job-slashing billionaires. ...
Unilever takes steps to fend off renewed bid from Kraft Heinz image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:09:35 PM
....Shares in the company climbed 3% following the statement, having soared 13% to a record high when Kraft’s interest was revealed on Friday and fallen back 8% on Monday. Unilever’s decision to take action immediately after becoming a bid target suggests management believes Kraft could renew its interest after its billionaire backers tasted a rare defeat. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
.... The US firm abandoned its £115bn bid for Unilever, we’re told, because it wasn’t expecting its proposal to receive such hostility from Unilever’s board and a few British and Dutch politicians. If that explanation is correct, Kraft’s crew of billionaires should get out more. ...
World's largest sailing yacht impounded in Gibraltar image
Source : Guardian [Read Article] Monday 20th of February 2017 05:29:18 PM
. The world’s largest sailing yacht has been impounded in Gibraltar over claims that its billionaire Russian owner owes the shipbuilder €15. ...
Kraft Heinz withdraws Unilever takeover bid image
Source : Guardian [Read Article] Sunday 19th of February 2017 05:28:53 PM
....”. Unions had voiced fears over the 9,000 jobs in Britain that could be affected under a takeover of Unilever by Kraft Heinz, where billionaire investor Warren Buffet owns more than a quarter of the shares and which is also backed by 3G, a Brazilian private equity firm. ...
Unilever to mount fierce defence against Kraft Heinz after rejecting £115bn offer image
....The US firm’s attentions drew fire from trade union Unite, which branded Kraft “predatory” and predicted that any deal would trigger job losses among the two companies’ combined UK workforces of nearly 9,000. It said Kraft Heinz, backed by Brazilian private equity group 3G Capital and Berkshire Hathaway – the investment vehicle of billionaire investment guru Warren Buffett – was out to make a “quick buck”. ...
Samsung head arrested over South Korean Choi-gate corruption scandal image
Source : Guardian [Read Article] Friday 17th of February 2017 12:27:38 AM
....Special prosecutors investigating a scandal that has rocked South Korea’s political and business worlds accuse Lee Jae-yong of bribing a close friend of Park to secure government support for a business deal that would propel him to the top of the Samsung group. They reportedly plan to indict him on charges including bribery, embezzlement, hiding assets overseas and perjury, after the Seoul central court approved the billionaire’s arrest. ...
Chemical giant Ineos to build heir to Land Rover Defender image
Source : Guardian [Read Article] Monday 13th of February 2017 09:36:50 AM
. The chemicals group Ineos has insisted its plan to build an off-road vehicle to succeed the Land Rover Defender is not a vanity project driven by its billionaire founder and chairman Jim Ratcliffe. ...
Foreign billionaires in London choosing to rent to avoid stamp duty image
Source : Guardian [Read Article] Sunday 12th of February 2017 04:04:20 PM
. Foreign billionaires are renting rather than buying luxury homes in London following increases in tax bills on upmarket properties. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... Roosevelt, like Obama, was a hate figure whose every work had to be undone. Both men represented challenges to an idea of America as offering limitless freedom, not least to billionaires. ...
Candy brothers were 'not prepared to pay any tax', high court told image
Source : Guardian [Read Article] Friday 10th of February 2017 05:27:30 PM
. The billionaire Candy brothers moved their business offshore because they were “not prepared to pay any tax” on the profits from their luxury property developments, a former associate has claimed. ...
World's largest superyacht: a floating private members' club for billionaires image
.... A 220-metre-long superyacht where the cost of a room for the night starts at about £2,000, offering wealthy clients the chance to tour the globe calling in at glamour events from the Monaco Grand Prix to the Rio carnival. Five billionaire friends have paid €10m (£8. ...
How Xi Jinping's global ambitions could thrive as Trump turns inward image
Source : Guardian [Read Article] Friday 10th of February 2017 12:25:10 PM
....”. Bishop predicted the billionaire’s “complete abdication of global leadership” would open a vacuum into which China would launch itself by seizing the narrative on issues ranging from the global economy to climate change, which the American president has rejected as a Chinese “hoax”. ...
Developer claiming £132m   from Candy brothers is accused of 'serial dishonesty' image
.... Lawyers hired by Holyoake have delved into the Candys’ financial affairs, leading to accusations in court of tax evasion. The billionaire brothers, whose luxury developments have attracted oligarchs and Gulf royalty, deny the claims. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
. The billionaire Candy brothers have faced accusations in the high court of blackmail, extortion and intimidation, as former business partners and once close advisers prepared to give evidence against them in a £132m claim for damages. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....“The UK is a tax haven,” he said, citing non-dom laws that allow foreign nationals to live in Britain without paying tax on overseas income. “You have more billionaires resident in London than any place on earth. ...
Donald Trump retains direct tie to businesses, documents show image
Source : Guardian [Read Article] Saturday 4th of February 2017 06:30:22 PM
.... For example, Secretary of State Rex Tillerson, the long-time chief executive officer of Exxon Mobil, left the energy company, sold off his millions of shares and put the cash into a trust to be overseen by a third party. On Friday, Vincent Viola, a billionaire Wall Street trader and Trump’s nominee for army secretary, withdrew from consideration, saying untangling himself from his business would prove too difficult. ...
Is Snapchat the new Facebook? image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:13:50 PM
. Snapchat hopes its planned flotation in New York will value the five-year-old photo-sharing app company at up to $25bn (£20bn) and turn its 26-year-old founder, Evan Spiegel, into the world’s youngest billionaire with a $5. ...
Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
....Complicating matters further is the direction the IMF will take now that President Trump is in power. In his former role as a billionaire businessman, Trump tweeted that the Greeks were “wasting time” in the eurozone. ...
Snapchat to make high-profile stock debut after revealing IPO plans image
Source : Guardian [Read Article] Thursday 2nd of February 2017 10:54:42 PM
.... The company recently diversified into selling Spectacles, video capturing sunglasses that became one of the hottest products of the holiday season. Facebook’s Mark Zuckerberg has attempted to buy Snapchat on several occasions and was publicly rejected by Spiegel in 2013 after the social network billionaire offered $3bn for the company. ...
Waterstones makes first year of profit since 2008 financial crash image
Source : Guardian [Read Article] Wednesday 1st of February 2017 04:59:43 PM
....5m loss. Bought from HMV by the Russian billionaire Alexander Mamut in 2011 for £53m, Waterstones has shrugged off the rise of ebooks and Amazon to record a 4. ...
Sir Ken Morrison obituary image
Source : Guardian [Read Article] Wednesday 1st of February 2017 04:45:07 PM
.... Reluctantly, he had to agree to the appointment of a chief executive, and stepped down as chairman in 2008, becoming life president. However, he could retire in the knowledge that he had become a billionaire, and one of the richest men in Yorkshire. ...
Has Vodafone finally got the right Idea in India? image
Source : Guardian [Read Article] Monday 30th of January 2017 07:07:50 PM
.... The combined business would be the market leader in India with an astonishing 380 million customers. Is that sufficient protection against the aggressive pricing tactics of Reliance Jio, owned by the billionaire Mukesh Ambani? It ought to be – eventually. ...
Brad Stone: ‘We should watch Uber and Airbnb closely’ image
Source : Guardian [Read Article] Sunday 29th of January 2017 08:00:18 AM
.... So perhaps our feelings toward Silicon Valley are about to get a lot more complicated. You met some of the individuals who had similar startup ideas to Uber and Airbnb but didn’t become billionaires. ...
Well-paid bosses should not get knighthoods – says Sir Philip Hampton image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:08 PM
.... Just 13 months later BHS collapsed with the loss of 11,000 jobs and a £571m pension deficit. The billionaire was awarded his knighthood in 2006 for services to retail. ...
George Soros: Theresa May won't last and Trump is 'would-be dictator' image
Source : Guardian [Read Article] Friday 20th of January 2017 02:23:23 AM
. Theresa May will not remain in power long as Brexit cripples her government, while Donald Trump is a “would-be dictator” who is “going to fail”, the billionaire investor George Soros has told the Davos world economic forum. ...
Middle classes in crisis, IMF's Christine Lagarde tells Davos 2017 image
Source : Guardian [Read Article] Wednesday 18th of January 2017 11:51:21 AM
.... “I hope people will listen now,” she said. Lagarde said the gulf between rich and poor was evident from an Oxfam report showing that eight billionaires own the same amount of wealth as the poorest half of the world’s population – 3. ...
Eight men own more than 3.6 billion people do: our economics is broken | Mark Goldring image
.... The adults will wake up uncertain when they will next eat, whether they will have work, fearful for their health and the costs that illness in the family might bring. The eight men – yes, they’re all men – and their fellow billionaires will wake up having slept rather better, and their wealth, invested across the world, will have increased by countless millions even as they slept. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
. The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
.... WEF’s global risks report, released last week, argues that a “growing mood of anti-establishment populism” means market capitalism must now be reformed, and several panels will examine how this could happen. One panel will consider the plight of the “squeezed and angry” middle classes, with contributions from International Monetary Fund chief Christine Lagarde and hedge fund billionaire Ray Dalio. ...
China voices economic fears about Donald Trump presidency image
Source : Guardian [Read Article] Friday 13th of January 2017 06:19:18 PM
....China suffered a sharp drop in exports last year and there are fears its trading position will weaken further in 2017 with repercussions for the global economy if Donald Trump’s protectionist policies prompt a trade war. A week before the billionaire’s inauguration as US president, Chinese authorities expressed their concern that Trump would follow through on pledges to impose high tariffs on imports from China and to brand the country a currency manipulator. ...
Army of staff descends on Davos to serve WEF super-rich image
Source : Guardian [Read Article] Friday 13th of January 2017 04:43:08 PM
.... Companies have privately complained about the cost of the exclusive access, which helped the WEF bring in record revenue of SFr228m last year, according to its annual report. The most exclusive invite in town is to an uber-glamorous party thrown jointly by Russian billionaire Oleg Deripaska and British financier Nat Rothschild at the oligarch’s palatial chalet, a 15-minute chauffeur-driven car ride up the mountain from Davos. ...
Blind trusts: what do Theresa May and Donald Trump have in common? image
Source : Guardian [Read Article] Friday 13th of January 2017 01:41:32 PM
....Isn’t this a bit small-time compared with what Donald Trump is doing?Yes. Trump, the first business billionaire to become president, faces an extraordinary set of conflicts arising from the 500 companies he continues to control and refuses to give up, plus the elaborate network of suppliers and banks that have lent his firms hundreds of millions of dollars. ...
Xi Jinping to become the first Chinese president to attend WEF in Davos image
Source : Guardian [Read Article] Wednesday 11th of January 2017 05:05:51 PM
. Chinese leader Xi Jinping will lead an 80-strong delegation of business executives and billionaires to the annual gathering of the powerful and super-rich in Davos next week. ...
Are Americans more ready to accept inequality? image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:40:39 AM
. As Donald Trump prepares to move into the White House, you may still be wondering how the billionaire Republican managed to win the US election while simultaneously promising tax cuts for the richest and claiming to be on the side of workers. ...

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