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Ultra-rich families fuel $20 billion surge in private equity buyouts

Wealthy clans that built their fortunes in industries from children's toys to household boilers have been co-investors on nearly $20 billion of listed company takeovers this year

Apple to launch Passwords app in challenge to 1Password, LastPass

The company is planning the new app as part of iOS 18, iPadOS 18 and macOS 15, the next major versions of its iPhone, iPad and Mac operating systems

Traders left stunned by surprise election results from India to Mexico

In India, exit polls drastically overestimated the size of victory for Modi's Bharatiya Janata Party

Tesla investor sues to challenge proxy on Texas move, Musk's pay package

Donald Ball, who owns more than 28,000 Tesla shares, argues the company is violating its corporate charter

UK polls: Britain's rich race to save their wealth from election hit

The UK was expected to lose a net 3,200 high-net-worth individuals last year, the most in Europe and double 2022's level, citizenship advisory firm Henley & Partners estimated

Nvidia becomes first chip firm to hit $3 trn in mkt value, overtakes Apple

The last time Nvidia was worth more than Apple was in 2002, five years before the first iPhone was released. At the time, both companies were worth less than $10 billion each

Modi responds to Taiwan Prez Lai Ching-te's wishes, seeks closer ties

China opposes nations that it has official diplomatic ties with from having contact with Taiwan

Paytm's UPI market share continues to slide down after RBI crackdown

Paytm accounted for 8.1% of total UPI transactions in May, down from 13% in January, according to data released by the National Payments Corporation of India

Microsoft, Nvidia, Apple now worth more combined than China's stock market

With a total market capitalization of about $9.2 trillion, the three most valuable tech firms have overtaken all of the nearly $9 trillion worth of stocks actively traded on Chinese exchanges

RBI may keep interest rates on hold as slim Modi win boosts fiscal risks

Economists had already been pushing their forecasts for rate cuts to later in the year, predicting the RBI won't move until the US Federal Reserve pivots

Hong Kong needs to reinvent itself to retain competitive edge: Mark Mobius

He pointed to the growing rivalry between the US and China over tech and AI as an area that Hong Kong could leverage

Mexico death linked to bird flu strain never before seen in humans: WHO

The current risk posed by the H5N2 virus to the general public is low, according to the WHO, which said no further cases were reported after an investigation

Donald Trump quickly surpasses Prez Biden on TikTok with just one video

Trump's campaign trumpeted the contrast in a press release on Wednesday, highlighting his popularity on an app that he tried to ban four years ago while he was in office

BlackRock stays bullish on Indian bonds brushing aside Modi's narrow win

India's financial markets were jolted Tuesday as results showed Modi's party losing its majority in parliament, an outcome that Moody's Ratings said may delay more far-reaching economic reforms

Apple forges partnership with OpenAI to integrate ChatGPT into iOS

The OpenAI partnership is likely a "short- to medium-term relationship" for Apple, said Dag Kittlaus, a tech veteran who co-founded and ran the Siri business before it was acquired by Apple

Diverted Nvidia chips to X, xAI as Tesla had no space to place them: Musk

Musk suggested in one of his posts Tuesday that Nvidia wouldn't be able to track all the money Tesla is spending on AI this year, writing that about half of its expenditures will be internal

Meta withheld information during Instagram, WhatsApp acquisitions: US FTC

Meta said that it met all of its legal obligations during the Instagram and WhatsApp merger reviews. The FTC has failed to provide evidence to support its claims, a spokesperson said

PM Narendra Modi just learned that hype can only carry you so far

Small-town India has not seen the sort of revolution in infrastructure that cities of equivalent size in China or Southeast Asia have enjoyed over recent decades, writes Mihir Sharma

King Charles III banknotes to enter circulation, may be rare for some time

The Bank of England said that new notes will only be printed to replace those depicting Queen Elizabeth II that are worn or to meet any rise in demand at a time when cash usage is in decline

Bond investors worried as weak Modi victory fans fiscal populism fears

Fiscal discipline has been a hallmark of Modi's decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit