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World's richest have lost $1.4 trillion in 2022 after rapid gains

It's a stark contrast to last year, when soaring markets boosted the world's population of high-net-worth individuals by about 8%, including 13 per cent in North America

China's 'iPhone City' may be using Covid-19 controls on protesters

Such alleged use of health-code apps to track people beyond their intended purpose has caused a firestorm

Europe's plan to quit Russian fuel plunges Pakistan into darkness

In order to avoid blackouts during the Eid holiday last month, the Pakistan government paid nearly $100 million to procure a single LNG shipment from the spot market

Millennials hunting for returns drive risk-hungry investing in India

Indian retail investors pouring money into new and lightly controlled assets sets India apart, after the pandemic fueled the rise of retail investors globally

Growth optimism sinks to a record low, says Bank of America survey

Global profit expectations also dropped to 2008 levels

Elvis-themed wedding chapels face a new fee for the King in Las Vegas

Baz Luhrmann's 'Elvis' biopic is set to hit theaters later this month, potentially stoking more interest in weddings featuring the singer's lookalikes

Mukesh Ambani's consumer empire gets a cricket spin with IPL digital rights

The spoils from the digital rights for Indian Premier League cricket, snagged by billionaire Mukesh Ambani's Viacom18 by dethroning Walt Disney & Co. for the next five years

How California's aesthetic regulation created a supply-chain crisis in US

The Port of Los Angeles is two nautical miles from the Port of Long Beach, and the two account for about 40% of U.S. container traffic

North Carolina-based Indian eatery Chai Pani voted best restaurant in US

Other winners included the Native American restaurant Owamni in Minneapolis, where the staff is 75% indigenous, as Best New Restaurant

Market's wild ride evokes memories of trading before Lehman blowup

Two-year US Treasury yields surged 29 basis points as bond prices tanked. The yield jumped 54 basis points since Thursday night, the biggest two-day increase since 2008

Sanjeev Gupta's Liberty Steel says reached a standstill with Greensill Bank

Sanjeev Gupta's Liberty Steel said it reached a standstill agreement with Greensill Bank AG, its largest creditor, on debt facilities relating to its European steel businesses

Elon Musk to address Twitter staff for first time since deal on Thursday

Many employees are unhappy with Musk, who has been openly critical of the company, its products and its policies

UK economy contracts sharply by 0.3% in April as slowdown looms

Gross domestic product fell 0.3% from March when output declined 0.1%, the Office for National Statistics said Monday

Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals

Crypto market cap falls below $1 trn for first time since early 2021

World's nuclear-armed nations upgrading their arsenals, says SIPRI

Clear indications that reductions since the end of the Cold War have ended

Google suspends engineer following claims an AI system had become sentient

The Alphabet-run AI development team put him on paid leave for breaching company policy by sharing confidential information about the project

Germany prepares to lend billions to rescue ex-Gazprom unit: Report

A bailout for Gazprom Germania GmbH could come as early as this week, with state-owned bank KfW Group expected to issue a loan in the range of 5 billion euros ($5.2 billion) to 10 billion euros

China re-imposes Covid-19 restrictions just weeks after reopening

Beijing reported 45 new local cases on Monday afternoon, after having single digit cases on most days last week

Elon Musk encourages Tesla staff while warning of 'tough quarter'

Musk often sends companywide emails near a quarter's end to push staff to sprint to the finish, and Tesla is known to deliver many units in the the final weeks

Crypto market sinks below $1 trn after latest DeFi blowup; Bitcoin down 17%

Binance, the largest crypto trading platform, temporarily suspended withdrawals of the Bitcoin network because of an transaction processing issue