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Latest News
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8:10Billionaire economy is booming with private jets in short supply
The hunger for pricey jets is just the latest example of the booming billionaires economy, where demand for mansions, boats and many collectibles has surpassed pre-COVID levels.
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Art dealer pleads guilty to US$86M fraud scheme
A once high-flying international art dealer has pleaded guilty to selling the same works to multiple collectors in an US$86 million fraud scheme.
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Queen Elizabeth II is 'irritated' by world leaders' lack of climate action
Queen Elizabeth II has been overheard criticizing world leaders for a lack of action on climate change ahead of the COP26 summit in Glasgow.
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1:21Global tax overhaul endorsed by G20 finance ministers
Finance ministers from the world’s biggest economies endorsed a global accord overhauling how countries tax big corporations, setting it for approval by heads of state at a summit later this month.
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Kanye West lists Wyoming ranch with go-kart track for US$11 million
Kanye West once had big dreams for his sprawling ranch in northwestern Wyoming. Now it appears he is ready to make a change.
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Ambani joins Bezos, Musk in world’s exclusive $100 billion club
Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion.
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7:03Ireland abandons 12.5% tax pledge as global deal races to finish
Ireland is ready to sign up to a proposed global agreement for a minimum tax on companies, a climbdown that removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals.
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Bill Gross found in contempt of court, gets suspended jail time
Bill and Amy Gross were found guilty of contempt of court for flouting a judge’s order not to annoy their California neighbor with loud music. The couple was sentenced to 5 days in jail, which was suspended because of COVID-19.
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Canadian mogul Peter Nygard has agreed to extradition to U.S.
Canadian fashion mogul Peter Nygard has agreed to be extradited to the U.S. to face charges of racketeering and sex-trafficking.
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Women's European football winnings doubled, still just 5% of men's
The prize money for the 16 teams taking part in Europe’s elite women’s international soccer competition, the UEFA European Championships, is to double to 16 million euros ($18.8 million), according to a statement from UEFA Thursday.
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6:50World’s wealthiest families gained US$312B over past year
Abundant liquidity, soaring stock markets and accommodating tax policies have been favorable for growing dynastic wealth. The world’s 25 richest families are worth US$1.7 trillion, a 22 per cent increase from a year ago.
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12:28Alexandria Ocasio-Cortez brings 'tax the rich' message to New York's elite
The emblazoned message on the white fabric was bold, blood red and on brand: TAX THE RICH.
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COVID hits European football player trading despite big names
Europe’s top soccer clubs spent less during the summer transfer window as the pandemic continued to hit their finances, even as the sport’s two most prominent players switched team.
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Bill Gates calls dinners with Jeffrey Epstein a 'huge mistake'
Bill Gates called his relationship with the late Jeffrey Epstein a “huge mistake” and that he regretted having dinner with the sex offender on several occasions in an interview with CNN.
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3:16Bill Gates and Melinda French Gates divorce becomes official
Three months after they first announced their split following 27 years of marriage, Bill Gates and Melinda French Gates are officially divorced.
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7:31Big rethink ahead for U.S. Chinese-listed stocks after ugly July
A clampdown by Beijing authorities led to the worst selloff since the financial crisis, prompting a broad reassessment for a burgeoning corner of the world’s largest stock market.
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Art collector sentenced to 3 1/2 years over US$1.3M fraud
A German art collector was sentenced to three and a half years in prison less time she’d already served after admitting to an art fraud involving the fake sale of a US$1.3 million yellow pumpkin sculpture by Yayoi Kusama.
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Billionaire ends U.K.'s largest divorce with US$186M deal
Billionaire Farkhad Akhmedov agreed to pay his ex-wife US$186 million, ending the largest financial dispute that Britain’s divorce courts have ever seen.
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Tokyo Olympics to ban spectators in city as virus resurges
The Tokyo Olympics will ban domestic spectators in events held in Japan’s capital, revising an earlier decision to allow some fans, as the resurgence of virus cases pushed the government to declare a state of emergency in the city.
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Boris Johnson plans to end social distancing in England from July 19
U.K. Prime Minister Boris Johnson announced plans to end social distancing and capacity limits at venues in England from July 19, saying that people must learn to live with coronavirus.
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7:14Environmentalists slam Mexico after fireball in Gulf
Environmentalists criticized Mexico's state-owned oil company Saturday after a gas leak at an underwater pipeline unleashed a subaquatic fireball that appeared to boil the waters of the Gulf of Mexico.
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6:54Where can you fly right now? The race is on to save summer
As vaccination campaigns gather pace around the world, more travel markets are returning to levels last seen before the global COVID-19 outbreak.
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3:44Tokyo Olympics to cap spectators at 10,000 people per venue
The Tokyo Olympics will limit the number of spectators to 10,000 people per venue to reduce the risk of the world’s biggest sporting games turning into a superspreader event.
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6:28Americans can pack bags for Europe, as EU lifts travel curbs
The European Union lifted travel restrictions for U.S. residents, in the latest step toward restoring lucrative transatlantic airline routes despite concerns over the spread of potentially dangerous coronavirus variants.
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11:36Tokyo Olympics promise to be weirdest ever for isolated athletes
Veteran Malaysian diver Pandelela Rinong has competed in three Olympics and is no stranger to the rigors of competitive sports. But never before has she experienced anything like the preparations for next month’s Tokyo Games.
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2:19Japan to end Tokyo virus emergency about a month before Olympics
The Japanese government will end a state of emergency for Tokyo, Osaka and other areas on June 20 as planned, about a month before the country is due to host the Summer Olympics.
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11:36'Church and state': Dick Pound says sponsors won’t hamper Tokyo Games safety
Pound, who competed for Canada in the 1960 Games, said sponsors are keen to support and be associated with the Games, but are not pressuring the IOC to take safety risks.
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Canadian cities left off world's most livable places list
Auckland took the No. 1 spot, rising from sixth as New Zealand’s success in containing the outbreak allowed it to keep restaurants, theaters and schools open.
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4:57EU, U.K. open first antitrust probe into Facebook
Facebook Inc. is facing its first in-depth probe by European regulators, the latest in a series of efforts to crack down on big tech market dominance across the continent.
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6:57Biden blocks 59 Chinese companies in amended Trump order
President Joe Biden will sign an order Thursday amending a ban on U.S. investment in Chinese companies begun under his predecessor, naming 59 companies with ties to China’s military or in the surveillance industry including Huawei Technologies Co. and the country’s three biggest telecommunications companies.
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8:05Biden administration to send 25 million doses of U.S. vaccines abroad
The U.S. government will send 25 million COVID-19 vaccine doses to foreign countries across Asia, Africa and Latin America, the first time President Joe Biden’s administration has shared shots it could have used at home.
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Logan Paul got cancelled. Now he's making more money than ever
On June 6, Floyd Mayweather will be fighting Logan Paul, former champion of the YouTube world.
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7:08U.K. to begin process to join Trans-Pacific trade partnership
Member nations of a Pacific regional trade deal agreed Wednesday to allow the U.K. to begin the process to join, Japan’s economy minister said.
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1:18China's three-child policy may do little to boost birthrate
China’s surprise decision to allow all couples to have a third child may be too little too late to reverse the nation’s declining birthrate and shrinking workforce.
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Osaka withdraws from French Open after being fined for not speaking to media
Naomi Osaka wrote on Twitter on Monday that "the best thing for the tournament" would be if she withdrew from the French Open, a dramatic turn of events for the four-time Grand Slam champion and former No. 1-ranked player.
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2:32TikTok given EU ultimatum over child safety concerns
TikTok, the Chinese-owned video-sharing app, was given one month by European Union regulators and consumer protection watchdogs to address concerns over the safety of children’s data on the platform.
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8:27California to give US$116.5M in prizes for vaccinations
California officials who have spent months urging residents to get vaccinated against the coronavirus now hope US$116.5 million in prizes will sweeten the deal.
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Osaka won’t speak to media at French Open, hopes 'considerable' fine goes to mental health charity
Tennis star Naomi Osaka says she is not going to speak to the media during the upcoming French Open.
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Why COVID cases in world's most immunized nation are rising despite vaccine push
Cases in the world’s most vaccinated nation are ticking up, forcing researchers to wage war against misinformation on whether jabs are effective.
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2:23Ditched Olympics could wipe out most of Japan's 2021 growth
Scrapping the Tokyo Olympics would inflict further damage on a Japanese economy already teetering on the brink of a double-dip recession, according to economists.