UBS Wealth Management Group has started cutting its staff across Europe and Asia. The company has decided to enact these steps as Iqbal Khan plans to take the firm to new heights as the latest co-head. Iqbal Khan and his...
The world’s two largest economies, China and the US signed a trade deal on Jan. 15, allowing each nation to purchase billions of goods from each other. Under phase one of the deal, China agrees to purchase $200Bn of US...
The shares of Tesla have doubled in the last three months, paving the way for its chief executive Elon Musk to earn his first $346M pay package. Last Monday, Jan. 13, Tesla’s stock crosses a $500M mark for the first...
Amazon founder Jeff Bezos has recently revealed that the company will be giving $680,000 (1 million AUD) to Australian bush fire relief efforts, said CNBC. He announced the donations on behalf of Amazon through an Instagram post. This comes in...
Despite the fierce opposition among some economists and politicians over proposals of a wealth tax, a new study initiated by Reuters and Ipsos revealed Saturday, Jan 11, that the majority of Americans support the idea of taxing America’s ultra-rich. According...
Billionaire Yusaku Maezawa is offering 1,000 Twitter followers 1 million yen to test whether free money can boost the happiness of people. The businessman announced the plan on Jan. 1, 2020 and urge his followers to retweet his tweet and...
Multinational investment bank JP Morgan recently released a report enumerating various risks to the market. Among the perils the markets will face this year is the “progressive overhaul” of the economy, which is considered one of the biggest threats,...
Renowned Swedish furniture maker, IKEA, has agreed to pay the $46 million settlement following the death of a 2-year-old toddler via a recalled Malm dresser. The dresser reportedly crushed the toddler to death. According to NPR, there have been at...
One of America’s oldest and largest producers of milk, Borden Dairy Co., is filing bankruptcy, citing unsustainable debt as the reason. The Dallas-based company said the industry trend shifted, leading to a drop in the consumption of milk since 2015....
American business magnate Bill Gates shared on a post, Monday, that the rich, including himself and his wife, should pay for higher taxes. In a year-end blog post, the world’s second-richest person claimed that he has been “disproportionately rewarded” for...

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