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Madhapar, a village in Gujarat's Kutch district, has earned the distinction of being the world’s richest village, with approximately $600 million deposited across 17 banks. Home to 7,600 households, this prosperous village owes much of its economic success to its significant non-resident Indian (NRI) population. Madhapar defies the image of...

A recent study by the Tax Justice Network reveals that governments could generate an additional $2.1 trillion annually by implementing a wealth tax similar to Spain's, which targets the wealthiest 0.5% of households. This amount is twice what is needed each year to fund climate finance for developing nations, a...

Susan Wojcicki, the former CEO of YouTube, has passed away at the age of 56. The news was shared by her husband, Dennis Troper, who revealed that Wojcicki succumbed to a long battle with lung cancer. Wojcicki's academic journey began at Harvard University, where she earned a Bachelor’s degree in...

New research reveals that more than half (51%) of small Australian retailers are falling short of their financial expectations. On the flip side, 49% of these businesses are either meeting or surpassing their forecasts, showcasing a mixed outlook for the sector. The research, conducted by the Queensland University of Technology...

In today's fast-changing market, businesses face a lot of challenges, from technological changes to shifting consumer preferences to rising global competition. For these reasons and many more, nearly 20% of small businesses will fail in the first year, with more businesses doomed to fail in subsequent years, data from the...

A significant portion of Americans do not possess substantial savings. According to the Federal Reserve's Survey of Consumer Finances, the median balance in Americans' transaction accounts, encompassing checking, savings, and money market accounts, stands at $8,000. The financial landscape is markedly different for the wealthiest Americans. While it is anticipated...

A comprehensive analysis of 20,000 metal objects from Bronze Age Europe suggests that human economic behavior has remained remarkably consistent over the past 3,500 years. This research challenges the traditional view that elite control dominated Bronze Age economies and instead proposes that market economy principles were in play much earlier...

Helios Technologies has concluded an investigation and determined that Josef Matosevic breached company policy and exhibited behavior contrary to the company’s values and Code of Business Conduct and Ethics. This included a consensual personal relationship with an employee. The investigation found no financial misconduct or issues with the company’s financial...

Anxiety often carries a negative connotation, but according to therapist Tami Kiekhaefer, LCSW, it doesn't have to be an obstacle in professional settings. "Anxiety is a natural emotion communicating to your mind to stop and pay attention," she explains. For business leaders, this heightened state of alertness can serve as...

Smart technology provider BRAVAS has unveiled significant findings from a recent industry-wide survey, shedding light on the challenges faced by architects and luxury home builders in integrating smart technology and automation solutions in custom properties. Conducted online in early June, the survey reached over 3,000 architects and luxury home builders...