Wealth

Corruption scandals and a surging opposition have turned the vote into the biggest test yet for the long-serving populist leaderThe drone footage showed a sprawling residence in northern Hungary, complete with manicured gardens, a swimming pool and an underground garage. But it was what came next that captured much of the country’s imagination: zebras darting across the countryside. Continue reading...

Politicians warn party’s pledge to ‘punish’ countries seeking justice for slavery will harm and isolate BritainCommonwealth politicians say they will not back down from seeking reparations as UK public figures, including a former Reform insider, warn the rightwing party’s pledge to “punish” countries seeking justice for slavery would harm and isolate Britain.This week, Reform UK said they would halt visas for nationals of countries formally demanding reparations from Britain if they took power. Continue reading...

• Whalen Wealth Management acquired a new stake of 5,261 shares in Chevron (NYSE:CVX), valued at approximately $802,000, during Q4. • Institutional investors now hold 72.42% of Chevron; Bank of America raised its price target to $206 with a 'buy' rating, while Citigroup lifted to $235. • Chevron reported Q4 EPS of $1.52, beating estimates by $0.08; the stock's 50-day moving average stands at $189.15 and 200-day at $166.77.

Critics say films lauding country’s attitude to women and green credentials could damage corporation’s reputationThe BBC has been accused of making “glossy propaganda films” for Saudi Arabia’s sovereign wealth fund and taking money from a “repressive regime”.BBC Storyworks, the corporation’s commercial arm, has entered into a partnership with Saudi Arabia’s Public Investment Fund (PIF). The broadcaster has made a series of films and written articles lauding the country’s supposedly progressive attitude to women and eco-friendly credentials. These are hosted on a mini-site that carried BBC branding. Continue reading...

Exclusive: Speaking with the Australian Politics podcast, the Liberal frontbencher says a sovereign wealth fund would set Australians up for generations to comeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLiberal frontbencher Andrew Hastie says he is open to a new 25% tax on soaring gas profits as part of a Scandinavian-style sovereign wealth fund to strengthen the federal budget amid the global energy crisis.Budget leaks suggest the Albanese government is modelling the effects of placing a flat 25% tax on gas profits, as well as possible further changes to the petroleum resource rent tax (PRRT) and corporate income tax. Continue reading...

CEO of asset manager says only a few firms and investors may reap rewards from growth in the technologyThe boom in artificial intelligence risks widening inequality, with only a handful of companies and investors likely to reap its financial rewards, the BlackRock chief executive, Larry Fink, has warned.The boss of the $14tn (£10.4tn) asset manager used his annual letter to investors on Monday to highlight potential hazards around the exponential growth in AI, which has attracted rapid investment and become “central to strategic competition” between global powers such as the US and China. Continue reading...

High-net-worth residents of UAE heading to Ireland and France to wait out missile attacks before tax year endsWealthy UK nationals fleeing war in the Gulf are seeking sanctuary in countries such as Ireland and France to avoid hefty tax bills back home.In the face of possible demands from HM Revenue and Customs, high-net-worth individuals who had been living in the United Arab Emirates and neighbouring countries are hoping to wait out the missile and drone attacks elsewhere rather than return to the UK. Continue reading...