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Jeff Bezos donates $123 million to help fight homelessness in US, Puerto Rico
Jeff Bezos is giving US$123 million to organisations that work to move homeless families into permanent housing.
The grants to 40 groups in 26 US states and Puerto Rico, ranging from US$600,000 to US$5 million, are the latest and largest…
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Saudi Arabia Invites the World to Enter the Metaverse at WTTC Global Summit in Riyadh 22nd Edition…
Riyadh, Saudi Arabia: 22nd November 2022: The 22nd edition of the World Travel & Tourism Council (WTTC) Global Summit in Saudi Arabia will be attended by a prestigious gathering of tourism leaders in Riyadh. It is also supported by a…
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FTX: Court says Sam Bankman-Fried ran FTX as a ‘personal fiefdom’
Troubled crypto firm FTX collapsed after being "run as a personal fiefdom of Sam Bankman-Fried", a US bankruptcy court has heard.
The former FTX boss led the firm once valued at $32bn (£27bn), but lacked basic money controls,…
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Disney: Bob Iger begins major shake-up after returning to firm
Less than 24 hours after his shock return as Disney's chief executive, Bob Iger says he is planning a major shake-up of the business.
One of his first moves has resulted in the exit of the head of the company's Media and…
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‘Toxic Twitter’ activists ramp up pressure on brands after Trump account reinstated
A coalition of civil rights activists on Monday urged Twitter’s advertisers to issue statements about pulling their ads off the social media platform after its owner, Elon Musk, lifted the ban on tweets by former United States president…
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FTX crypto exchange owes biggest creditors $3.1bn
Cryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn (£2.6bn), according to a court filing.
The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10…
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After Elon Musk’s ultimatum, Twitter employees start leaving
Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company, following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity”, or leave.
In a poll on the…
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UK faces biggest fall in living standards on record
The UK faces its biggest drop in living standards on record as the cost-of-living crisis eats into people's wages.
The government's forecaster said that disposable household incomes - when adjusted for rising prices - would…
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Ukraine war: Billionaire Andrew Forrest launches $25bn fund for reconstruction
Australian mining billionaire Andrew Forrest has launched an investment fund that is hoped will be worth at least $25bn (£21bn) to help rebuild war-torn Ukraine.
Forrest and his wife have committed $500m to the fund, which…
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Elon Musk fires Twitter employees who criticized him
Elon Musk continued cutting Twitter’s workforce in his third week of owning the social media company, firing employees who had criticized him and eliminating contractors.
Early on Tuesday, Musk’s team ordered nearly two dozen Twitter…
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