Nikita Yadav BBC News, Delhi Getty Images Sonia and Rahul Gandhi have been accused of laundering millions of dollars – charges they have strongly denied India’s opposition Congress party has said it will organise nationwide protests on Wednesday after the country’s financial crimes agency charged senior leaders Sonia and Rahul Gandhi and others with money…
Peru’s former president, Ollanta Humala, has been found guilty of money laundering and sentenced to 15 years in prison. A court in the capital, Lima, said that Humala had accepted illegal funds from the Brazilian construction company Odebrecht to bankroll his election campaigns in 2006 and 2011. His wife, Nadine Heredia, who co-founded the Nationalist…
Artificial intelligence has become an increasingly popular theme among family offices in Singapore and the wider Asia region, LH Koh, managing director and head of global family and institutional wealth at UBS said at CNBC’s CONVERGE LIVE event in Singapore last month. “Our family office clients are focusing on this as perhaps the most interesting and important…
Elite status at hotel and car rental companies can bring a host of benefits, from complimentary breakfast to upgraded vehicles. But achieving these lofty tiers are a stretch for the average traveler. Or are they? Upgraded loyalty status and other travel benefits come with some credit cards, and many of these perks are touted by…
Nikhil Inamdar, BBC News, Mumbai Getty Images From ceiling fans to jewellery, branded goods are capturing a bigger share of the Indian market India is home to 1.4 billion people but around a billion lack money to spend on any discretionary goods or services, a new report estimates. The country’s consuming class, effectively the potential…
Mellody Hobson, 54, grew up in a single-parent, low-income household. Her mother’s money habits made her financially anxious at a young age. “There was just a shortage at all times. We would get evicted, our phone would get disconnected. … There was one time we were living in an abandoned building,” Hobson said on an…
Mauritius’ former Prime Minister Pravind Jugnauth has been released on bail following his dramatic arrest on Saturday on money laundering charges. He had been detained along with three others after the anti-corruption agency said it had seized suitcases of cash and luxury watches in raids on 10 locations, including Jugnauth’s home. The former prime minister’s…
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington, DC, US, on Tuesday, Feb. 11, 2025. Aaron Schwartz | Bloomberg | Getty Images In January, U.S. consumers didn’t feel as inclined to open their wallets, causing retail sales for the month to fall more than expected,…
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington on Tuesday, Feb. 11, 2025. Aaron Schwartz | Bloomberg | Getty Images In January, U.S. consumers didn’t feel as inclined to open their wallets, causing retail sales for the month to fall more than expected, which might…
Even before your children understand how money works, they can start picking up on your attitude and feelings about finances, and that can have a lasting impact. But avoiding talking about money with your kids altogether could be even more detrimental to their future financial success. “Deep down, most people believe that money is a…
