Mumbai, India's financial hub, leads the nation's wealth rankings with a staggering total wealth of $820 billion, housing 46,000 millionaires and 28 billionaires, according to a report by New World Wealth. High Net Worth Individuals (HNWIs), defined as those with net assets of $1 million or more, are concentrated in...

BMI, a Fitch Solutions Company, has launched ESG Country, a service designed to track, monitor, and quantify country-level ESG (Environmental, Social, and Governance) risks and opportunities across 140 markets. Leveraging four decades of experience in providing macroeconomic, political, industry, and operational risk insights, the service includes a proprietary ESG Country...

The Supervisory Board of NürnbergMesse has unanimously agreed to extend CEO Peter Ottmann's contract until 2029. Led by Nuremberg Lord Mayor Marcus König and Bavarian finance and home affairs minister Albert Füracker, the board decided at its 147th meeting to prolong the tenure of Ottmann, who has served as joint CEO...

In March, Mukesh Ambani, Asia's richest man, hosted a three-day pre-wedding celebration for his son Anant Ambani. The event was attended by 1,200 guests, including former world leaders, tech moguls, and Bollywood stars, and featured a performance by Rihanna. The guest list included notable figures such as Bill Gates and...

A recent study reveals that reskilling staff can save financial services firms up to $65,804 per employee. Research conducted by the Financial Services Skills Commission (FSSC) and PwC UK indicates that reskilling offers significant cost advantages compared to hiring new employees or making roles redundant. On average, reskilling a financial...

Revolut's CEO, Nikolay Storonsky, is set to divest a portion of his holdings in the company. This decision aligns with a broader initiative to facilitate the sale of shares held by employees and other existing shareholders. Storonsky's stake in the British financial technology firm is valued in the billions. He...

Carlos Slim's company, Grupo Carso SAB, is investing $1.2 billion to develop a gas field in the Gulf of Mexico, expected to begin production around 2026. This venture showcases a model for collaboration between Mexico's state oil company, Petroleos Mexicanos (Pemex), and private enterprises. The agreement between Grupo Carso and...

With smartphones, we now have the ability to monitor our physical activity, purchase plane tickets, and conduct business discussions with colleagues from anywhere in the world. However, when it comes to accessing public services, the process is far from being seamless. For example, in the US, only two percent of...

In a world where more than 281 million people, approximately 3.6% of the world's population, live outside their country of origin, the allure of the American Dream continues to be a powerful magnet. The United States, with its promise of freedom, opportunity, and prosperity, remains a top destination for migrants...