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Why did Elon Musk not attend Trump's dinner with high-profile tech CEOs? Tesla CEO has this to say
President Trump held a big White House dinner with top tech CEOs to talk about AI and U.S. investments. Leaders like Mark Zuckerberg, Tim Cook, and Bill Gates joined the event. Elon Musk was missing, saying he could not attend. The meeting showed how Silicon Valley is now working more closely with Trump’s administration.
Trillion dollar man: New pay package could make Musk that much richer if Tesla thrives
Tesla has proposed a new pay package for Elon Musk, potentially making him the world's first trillion-dollar executive if he meets aggressive targets, including significant increases in car production, share price, and operating profit. However, Tesla faces challenges such as declining sales in Europe due to Musk's political affiliations and intensifying competition from rivals like BYD.
Peter Navarro rakes up 'caste' over New Delhi's Russian oil deals
Peter Navarro criticized India's Russian oil imports. He claimed some elites are benefiting at the expense of ordinary Indians. The US has pressured India to halt these purchases. India defends its actions as stabilizing the global oil market. The US has imposed tariffs on Indian exports in response. These tariffs may impact exporters and jobs.
Trump’s tariff war puts US brand globally 'in the toilet' and pushes India closer to China: Jake Sullivan
Jake Sullivan criticizes Donald Trump's trade offensive against India, warning it could damage US-India relations and push India closer to China. Trump's tariffs, imposed in response to India's Russian oil imports, have strained ties and prompted India to seek closer relations with Beijing.
Reliance AGM 2025: Past year brought extraordinary 'complexity' in global energy markets, admits Reliance
At Reliance Industries’ 48th AGM, Anant Ambani said global energy markets faced supply disruptions, trade shifts and petrochemical overcapacity, but Reliance delivered strong performance. He announced ₹75,000 crore investments in new projects, highlighted Hazira’s upcoming carbon fibre facility, and stressed E&P’s role in India’s energy security. Mukesh Ambani called India’s rise unstoppable, even as Reliance faces U.S. pressure over Russian oil imports.
Labubu doll king Wang Ning just made $20 billion this year, beating billionaire Peter Thiel
Labubu doll viral 2025: Wang Ning, Pop Mart CEO, sees massive wealth gain due to Labubu doll craze. His net worth jumps by $20 billion in 2025. Pop Mart's stock surges, driven by Labubu's popularity. Wang surpasses tech moguls in wealth. Pop Mart's revenue triples, profits grow fivefold. Labubu is a viral sensation, boosting Pop Mart's success.
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Ukraine conflict is 'Modi's war', says Peter Navarro. This isn't the first time Trump's aides have accused India of fuelling Russia's war
Trump Tariff News: Washington has doubled tariffs on Indian exports to 50 per cent, with senior US officials directly linking trade penalties to New Delhi’s Russian oil purchases. White House adviser Peter Navarro called the conflict “Modi’s war” and has described India as a “laundromat for the Kremlin”, in a earlier interview. President Donald Trump has warned of tariffs as high as 100 per cent unless Moscow agrees to peace. India has rejected the criticism, calling Russian imports essential for energy security.
When Bill Gates explained the ‘internet’ in 1995 and everyone laughed: Resurfaced video shows how future tech always sounds crazy
A resurfaced 1995 Late Show clip features Bill Gates explaining the internet to a skeptical David Letterman, highlighting how revolutionary ideas can initially seem absurd. Letterman questioned the need for the internet, citing existing technologies like radio, prompting audience laughter. It reminds us that today's 'crazy' tech could become tomorrow's essential, mirroring the internet's transformative journey from ridiculed novelty to global infrastructure.
Charting the global economy: US, European manufacturing expands
Global manufacturing shows signs of recovery, with the Euro area exiting a three-year downturn and US factories expanding.
'City of despair': Mumbaikars say stop calling India's financial capital 'city of dreams', as deja vu of 20-year-old nightmare returns
Mumbai Rain News: Mumbai faces severe flooding after recent heavy rainfall. Residents compare the situation to the 2005 floods. Frustration grows towards the Brihanmumbai Municipal Corporation for alleged infrastructure failures. Some defend the civic body, citing unprecedented rainfall. Comparisons arise with Kolkata's handling of rain. The floods highlight the need for better planning and accountability.
How India’s partition forged a diaspora empire
Following the bloody Partition of India in 1947, Hindu Sindhi merchants, including the author's family, scattered globally. Despite facing displacement, many thrived, building successful businesses and contributing significantly to their adopted nations. Their journey underscores how migration can drive economic growth, benefiting both migrants and host countries, highlighting the importance of open immigration policies.
Hand wash products sold at Walmart recalled nationwide over life-threatening risk. What should you do if you bought it?
A nationwide recall has been issued for several soap and lotion products sold in the US and Puerto Rico due to contamination with Burkholderia cepacia complex (Bcc) bacteria. DermaRite Industries initiated the recall after discovering the bacteria, which can cause life-threatening sepsis, especially in immunocompromised individuals. DermaKleen lotion soaps, PeriGiene antiseptic and KleenFoam soap are among those consumers should discontinue using.
Joe Biden's daughter Ashley files for divorce after 13 years of marriage. But the reason will remain a mystery
Ashley Biden, daughter of Joe and Jill Biden, has filed for divorce from her husband, Dr. Howard Krein, after 13 years of marriage. The couple, who met through Ashley's late brother Beau, were married in 2012. Ashley, a social worker and activist, and Krein, a doctor and professor, have maintained privacy regarding the reasons for their separation.
Roger Binny to continue as BCCI president till AGM in September: Sources
Roger Binny, the former India all-rounder, may continue as BCCI president. The National Sports Bill allows him to stay in the role. This is until the BCCI's Annual General Meeting in September. His continuation depends on board members' decisions. The BCCI will be under the National Sports Bill. The board's legal team is studying the bill's details.
The dollar still rules, but US policy is making it less special
Trump's policies are shaking the dollar's role as the world's reserve currency. Curbs on Russia and economic concerns have spurred diversification. Banks are seeing demand for alternatives. BRICS nations are pushing for a new payment system. While the dollar isn't disappearing, it faces competition. This shift could lead to higher interest rates and affect America's geopolitical power.
Donald Trump's dream is coming true? USA to get 51st state next soon?
Unlike the 50 states, Washington D.C. operates under a unique relationship with the federal government that limits its autonomy and grants Congress extraordinary control over local matters.
How the richest man in history built his Rs 11,468,980,000,000 fortune
Mansa Musa, the 14th-century ruler of the Mali Empire, amassed immense wealth through gold and salt resources, controlling a vast territory. His pilgrimage to Mecca caused economic disruption in Egypt due to his lavish gold spending. Musa transformed Timbuktu into a renowned center of learning, attracting scholars and fostering architectural advancements before the empire's eventual decline after his death.
From McDonald’s eggs to your salt: Meet the secret American family with most billionaires running the world’s food supply
The Kargil-MacMillan family, with 14 billionaires, controls much of the global food supply. William Wallace Kargil started the company in 1865. He focused on grain storage and trade. The family expanded into various food sectors. They now dominate the grain trade. The company has 155,000 employees across 70 countries. The family prioritizes long-term control over public attention.
Who’s getting rich off AI? These 7 names are leading the pack
The AI boom has minted a new class of billionaires, led by Nvidia's Jensen Huang, whose GPUs power the AI revolution. Young entrepreneurs like Alexandr Wang of Scale AI are also profiting from data labeling. Others, like Phil Shawe, leverage AI to enhance traditional businesses, while innovators such as Yao Runhao are exploring AI's potential in gaming.
After Figma’s blockbuster IPO, CEO Dylan Field made $5 billion without a degree! Do Gen Z need college to succeed?
Figma CEO Dylan Field net worth 2025: Dylan Field's success with Figma sparks debate about college value. Figma's IPO made Field a billionaire. He dropped out of Brown, aided by the Thiel Fellowship. Tech giants like Zuckerberg and Gates also skipped college. However, leaders like Nadella have advanced degrees. Gen Z questions college costs and job prospects. Survey shows graduates doubt degree value.
Wild history of jailed Kazakh ex-Premier’s $3 mn mansion makes it a tough sell in a soft market
In the heart of Astana, a once-coveted luxurious villa now stands as a symbol of controversy. Previously owned by Karim Massimov, a former prime minister now imprisoned for treason, the property has faced multiple auction setbacks. The city's stagnant real estate market, combined with the villa's notorious history, leaves potential buyers hesitant.
Charting the global economy: US job market wavers in cue for Fed
Central banks globally are reacting cautiously, with many holding rates steady amidst these complex conditions and trade tensions.
9 out of top 10 richest billionaires in the world are Americans, only one is from Europe. Check full list
In 2025, the world's wealthiest are dominated by American tech giants, with Elon Musk leading at $408.5 billion. These billionaires, including Jeff Bezos, Larry Ellison, and Mark Zuckerberg, drive innovation in EVs, e-commerce, and AI. Bernard Arnault of LVMH is the sole non-American, representing the luxury goods sector among these influential figures.
India vs Trump: Three choices and a teachable moment
Donald Trump's tariff threats put India in a tough spot. The US President targets India with import duties. India faces three choices. It can do nothing and bear the export decline. It can fight alongside the EU and China. Or, it can rethink its protectionist policies. The author suggests India should dismantle tariffs to boost its economy.
Trump wields trade threat to play peacemaker in China’s backyard
The US president used trade leverage to halt the conflict. China's approach was less direct. Trump aims to be seen as a peacemaker. The truce, negotiated in Malaysia, is holding.
Richest Indonesian Prajogo Pangestu adds $20 billion to wealth on energy rally
Indonesian billionaire Prajogo Pangestu's fortune rebounded dramatically, soaring by over $20 billion since April to reach $36.7 billion. This surge follows MSCI's decision to reinstate three of his linked companies, including Barito Renewables, into its index assessment. The geothermal firm's stock jumped 20% after the announcement, marking Pangestu's biggest one-day gain.
Jeff Bezos made $735 million off Wall Street even on his wedding day. But that’s not the whole story
Jeff Bezos sold Amazon shares worth billions around his wedding. The sales happened under a pre-arranged plan. He also donated a large number of shares to charity. Despite the sale, Bezos remains a major shareholder. He is still one of the richest people in the world. Bezos plans to give away most of his wealth.
Masked security, million-dollar views: Zohran Mamdani’s wedding sparks culture clash, faces criticism
New York mayoral candidate Zohran Mamdani celebrated his wedding with a high-security, three-day party at his family’s estate in Uganda. While the celebration dazzled with music and luxury, its timing during a neighbour’s mourning sparked local resentment. Armed guards, phone jamming, and political contradictions added fuel to the online backlash. Critics questioned Mamdani’s socialist platform amid displays of wealth and security. The event, though mostly hidden from public view, became impossible to ignore both in Kampala and abroad.
World’s rich ignore Mideast strife to bet on Dubai and Abu Dhabi
Dubai and Abu Dhabi attract wealthy individuals globally. These emirates offer tax benefits and a strategic location. Despite regional geopolitical risks, family offices are increasing in the UAE. Luxury property prices are rising. Hedge funds are also growing. Ray Dalio highlights the UAE's multinational lifestyle and financial expansion. The UAE is expected to attract many new millionaires.
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