اقتصاد

Jeff Bezos ex-wife MacKenzie Scott helped write a 'donation playbook' for Snap founder

Snap co-founder Evan Spiegel and Miranda Kerr have donated $550 million to erase medical debt. This significant contribution will benefit over 261,000 Californians facing financial hardship. The donation follows a philanthropic model pioneered by MacKenzie Scott. Undue Medical Debt will administer the funds, targeting vulnerable residents statewide. This initiative aims to unburden families from unpayable medical expenses.

Miami overtakes New York to become America's second most expensive metro area

Miami is no longer the more affordable alternative to New York. For the first time, the South Florida metro area has overtaken the New York metropolitan region as the second most expensive place to live in the United States, driven by soaring housing costs, insurance premiums and everyday expenses.

برنارد أرنو: كيف تحول من رجل أعمال عادي إلى أغنى رجال العالم في عالم الرفاهية!

برنارد أرنو ليس مجرد اسم، بل هو إمبراطورية متكاملة في عالم الرفاهية. اكتشف كيف تمكن من بناء ثروته الهائلة التي تتجاوز 211 مليار دولار وأصبح أسطورة في عالم الأعمال.

From Fashion to Fortune: How Bernard Arnault Built a $200 Billion Luxury Empire and Became the Richest Man Alive

Discover the extraordinary journey of Bernard Arnault, the mastermind behind LVMH, whose fortune has skyrocketed to over $200 billion. Unravel the secrets of his success, shocking facts, and the luxury empire that has redefined wealth in the modern era.

Melinda Gates donates $600M, says she's signaling the ultra-wealthy where to invest

Melinda French Gates has donated over six hundred million dollars to women's health initiatives. She aims to signal to other wealthy individuals that this sector is a viable cause. French Gates believes women cannot reach their full potential if they are not healthy. She recently visited a clinic which received significant funding from her. This visit reinforced her commitment to increasing support for women's healthcare services.

Trump is hellbent on tariffs. Here are 5 implications

Business Trump is hellbent on tariffs. Here are 5 implications July 25, 20265:00 AM ET By  Rafael Nam Trump's replacement tariffs continue to put pressure on U.S. economy Listen · 7:00 7:00 Transcript Toggle more options Download Embed Embed Transcript

Ghost flats explained: Why some fully built homes remain empty despite India's housing shortage

In numerous Indian cities, a staggering number of finished apartments sit empty, transforming neighborhoods into ghost towns. Poor infrastructure and speculative investments keep these units unoccupied, frustrating the millions in search of affordable housing. This dilemma extends beyond India's borders, as countries worldwide grapple with similar housing market issues. Devoted constructors and investors often neglect the need for actual living spaces in their focus on profit and development.

Canva founders donate $150M to east Africa's poorest in historic aid

Canva billionaires Melanie Perkins and Cliff Obrecht have made a move challenging conventional aid by putting cash directly into the hands of an East African country's poorest households. The cofounders of the Australian design software maker are investing a whopping $150 million into a cash transfer program in Malawi. Since launching the initiative in 2021 through the Canva Foundation and nonprofit GiveDirectly, the couple has expanded what began as a $10 million pilot into the largest uncondit...

Sergey Brin back as world's third richest after Google's $255bn wipeout

Google co-founder Sergey Brin regained third place on Forbes' real-time billionaires list. This shift occurred after a modest increase in his net worth on Friday. Alphabet's stock decline had briefly pushed him down to fifth place. The company's market value dropped significantly due to AI spending forecasts. This fluctuation highlights how stock movements impact billionaire rankings.

What does the South make of the King of the North?

What does the South make of the King of the North?Image source, ReutersImage caption, Andy Burnham spent Friday working at No 10 North, a new regional branch of the PM's officeByTiffany RowlandsSouth of EnglandPublishedJust nowThe start of the week saw a transition of power in Westminster, with Andy Burnham replacing Sir Keir Starmer to become leader of the Labour Party and the UK's 59th prime minister. Before we had time to really think about it, he was off and running. His goal? To help people...

'We feel the pressure juggling holiday logistics'

'We feel the pressure juggling holiday logistics'Image source, Amy NelsonImage caption, Amy Nelson (r) is self-employed, and can't take time off work to juggle childcare for her three childrenByJonathan Holmes & Tess De La MareWest of EnglandPublishedJust nowParents say the six-week summer holiday is forcing them to take annual leave, change working hours and spend hundreds of pounds on childcare, while families of SEND children face additional challenges.A survey by charity Pregnant Then Screwe...

UK savings deals: the heat is on as banks offer up to 8%

Don’t delay in taking advantage of the competition that is pushing up interest rates and increasing choice, experts sayIt is shaping up to be a decent summer for savers as fierce competition among providers pushes up interest rates and increases choice.You can currently get instant- and easy-access accounts that pay up to 5% interest, and fixed-rate savings bonds that pay almost that much. Meanwhile, those looking for a regular savings account can now get up to 8%. Continue reading...

Billion-Pound Ballet: The Premier League's Transfer Market Frenzy

OpenAI poses a 'key credit risk' to Oracle after the company lost $498Bn: S&P

Oracle faces significant market value loss and a credit rating downgrade. S&P Global Ratings identified OpenAI as a key credit risk for Oracle. The AI giant's substantial reliance on OpenAI creates financial vulnerabilities for Oracle. Oracle's aggressive AI infrastructure push exposes it to considerable financial risk. Future financial health hinges on OpenAI's continued growth and funding capabilities.

Ensure convenience for honest taxpayers, go after evaders: FM

NEW DELHI: Finance minister Nirmala Sitharaman on Friday asked income tax officials to ensure convenience for honest taxpayers and take firm action against evaders. Emphasising the need to be empathetic, Sitharaman said the department should know how to draw a line between those deliberately evading taxes and those committing bona fide errors.

Students tell us how to keep graduation outfit costs down

Students tell us how to keep graduation outfit costs downImage caption, Keerthana says you can save a lot of money on your ideal graduation dress if you thrift it onlineByBeverley SegundaBBC Radio 5 LivePublishedJust now"From the beginning of my course, I've been thinking about what my graduation dress was going to be," says Keerthana Krishnadas. "I had to make sure I looked 10 out of 10, I couldn't compromise on that."She is one of hundreds of thousands of university students graduating this su...

Unveiling the Future: Meet the Top 10 Youngest Billionaires of 2026 and Their Incredible Journeys to Wealth

From innovative tech disruptors to savvy entrepreneurs, the youngest billionaires of 2026 are rewriting the rules of wealth creation. Discover their staggering success stories and the surprising paths they took to achieve billionaire status before the age of 30.

After EU tariff relief, Trump threatens new tariffs over Google's $1Bn fine

President Donald Trump has threatened the European Union with new substantial tariffs. This action follows the EU's imposition of a one billion dollar fine on Google. The EU executive branch stated Google violated the Digital Markets Act rules. This fine was for self-preferencing its own services and steering consumers. The United States views these EU actions as detrimental to American companies.

Google expands in Miami after Page & Brin's $225m Florida homes; leased space quadruples

The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk’s news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusi...

Tasmac cracks down on liquor overcharging at retail shops; third MRP violation to lead to dismissal

CHENNAI: Going harder on overcharging liquor buyers beyond the maximum retail price (MRP), the Tamil Nadu State Marketing Corporation (TASMAC) has revised its penal action to dismiss personnel at retail vending shops if they are caught violating the MRP norms for a third time.