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Tag: wealth

Elon Musk becomes world’s richest person as wealth tops $185bn

Elon Musk becomes world’s richest person as wealth tops $185bn

Technology
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Out of 10 biggest small investor bets, only one shone in 2020; 9 eroded wealth

Out of 10 biggest small investor bets, only one shone in 2020; 9 eroded wealth

Finance
NEW DELHI: The biggest bets of retail investors failed to deliver strong returns in Calendar 2020, even when the equity benchmarks are ending the year at record highs. Investors holding shares worth up to Rs 2 lakh bought additional stakes of 9.5-23 percentage points in 10 of the BSE500 companies during the first three quarters of the year. All but Laurus Labs delivered poor returns: seven of them ended up eroding up to 77 per cent of investor wealth; two delivered a tepid return of 3 per cent each. In comparison, BSE Sensex gained 15 per cent for the year. Kishore Biyani’s Future Retail eroded 77 per cent of retail investors’ wealth during the year. Retail investors held 25.09 per cent stake in this company as of September 30 compared with 2.22 per cent held on December 31, 2019. Future C...
Scientists return from Arctic with wealth of climate data

Scientists return from Arctic with wealth of climate data

Technology
An icebreaker carrying scientists on a year-long international effort to study the high Arctic has returned to its home port in GermanyBy FRANK JORDANS Associated PressOctober 12, 2020, 8:18 AM• 3 min readShare to FacebookShare to TwitterEmail this articleBERLIN -- An icebreaker carrying scientists on a year-long international effort to study the high Arctic has returned to its home port in Germany carrying a wealth of data that will help researchers better predict climate change in the decades to come.The RV Polarstern arrived Monday in the North Sea port of Bremerhaven, from where she set off more than a year ago prepared for bitter cold and polar bear encounters — but not for the pandemic lockdowns that almost scuttled the mission half-way through.“We basically achieved everythi...

Chinese wealth management giant Lufax files for U.S. IPO

Finance
A logo of of Lufax website Lu.com, is seen at the company's headquaters on May 28, 2020 in Shanghai, China.Wu Jun | Visual China Group | Getty ImagesGUANGZHOU, China — Lufax, one of China's biggest wealth management platforms, has filed to go public in the U.S., amid a flurry of capital market activity by Chinese companies. The Shanghai-headquartered firm, which is backed by financial giant Ping An Group, plans to list on the New York Stock Exchange under the ticker "LU," according to a filing with the Securities and Exchange Commission.Lufax has not yet priced its shares or said how many it will offer during the listing.Chinese technology companies have been looking to take advantage of a rebound in stock markets to go public, including on Wall Street, despite the geopolitical tensio...
‘A wealth of evidence’ supports Amber Heard’s Johnny Depp claims, lawyers say

‘A wealth of evidence’ supports Amber Heard’s Johnny Depp claims, lawyers say

Entertainment
There is a "wealth of evidence" supporting Amber Heard's allegations of domestic violence against Johnny Depp, lawyers have argued at the High Court - claiming the actor's memory is "so severely impaired by drug use" he may not be aware of the extent of his "terrifying behaviour".Depp, 57, is suing the The Sun's publisher News Group Newspapers (NGN) and its executive editor, Dan Wootton, over a 2018 article which labelled him a "wife beater", and after three weeks the trial is now drawing to a close. NGN's legal team made their final speeches and submissions on Monday; lawyers for the Pirates Of The Caribbean star - who strenuously denies all allegations of violence - will get to do the same on Tuesday, with a ruling on the case expected to come at a later date. ...