The European Union (EU) and Mercosur, comprising Argentina, Brazil, Paraguay, and Uruguay, have reached an agreement in principle to establish a bilateral trade deal. This pact, which has been in negotiation for 25 years, aims to create a free-trade zone encompassing over 700 million people across two continents. However, political...

Oregon boasts one of the wealthiest billionaires globally, with Phil Knight, co-founder and former CEO of Nike, securing the No. 24 spot on the list of America’s richest individuals. The ranking, which evaluates 400 billionaires and their families in the United States, places Knight among the top 100 wealthiest people...

Richard Dean “Dick” Parsons, a renowned business executive celebrated for his pivotal role in Time Warner’s revival and his broader contributions to corporate America, has passed away at the age of 76. Lazard, where Parsons served as a longtime board member, confirmed his death. Parsons ascended to the role of...

KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has made a significant foray into cryptocurrency by acquiring Bitcoin worth $21 million. The company announced on December 26 that it had purchased 217.18 Bitcoins at an average price of $96,556.53 per coin. This acquisition...

The global surge in ultra-wealthy individuals since the onset of the COVID-19 pandemic has not made it easier to join the ranks of the top 1% of earners in the United States. According to Knight Frank's 2024 Wealth Report, the wealthiest 1% of Americans are worth at least $5.8 million....

Over the next 15 years, Britain is expected to outshine its European neighbors economically, securing its place among the world’s largest economies, according to projections by the Centre for Economics and Business Research (CEBR). The report predicts Britain will maintain its sixth-place position globally by 2039, with France trailing in...

In a historic expansion, BRICS continues to assert its global economic influence by adding nine new partner countries in January 2025, following the admission of four new members in 2024. With this latest inclusion, the bloc now represents nearly half of the world’s population and accounts for over 41% of...

Pakistan, grappling with political instability and an economy teetering on the brink of collapse, faces daily losses of nearly Rs 6,000 crore. Despite these challenges, the country remains home to several wealthy individuals. Shahid Khan, a Pakistani-American businessman, is the wealthiest person of Pakistani origin, with a net worth of...

Shareholders of a company operating what could be the world’s largest lithium deposit received an early Christmas gift this week. General Motors (GM), which had previously partnered on the project, officially closed its joint venture with the company, marking a significant milestone that further aligns the two firms' futures. The...