
Asia's richest man has entered a new league of wealth. The net worth of Mr. Mukesh Ambani, chairman of Reliance Industries Ltd, has jumped to US$64.5 billion, making him the only Asian tycoon in the exclusive club of the world's top 10 richest people, according to the Bloomberg Billionaires Index.

The coronavirus was already present in two large cities in northern Italy in December, over two months before the first case was detected, a national health institute study of waste water has found.

Colgate-Palmolive said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a US debate on racial inequality.

European governments are working with the United States on plans to overhaul the World Health Organization, a top health official for a European country said, signalling that Europe shares some of the concerns that led Washington to say it would quit.

Argentina extended a deadline for bondholders to accept a debt restructuring proposal for the fifth time as creditors blamed the government for “walking away” from talks.

British Prime Minister Boris Johnson said on Friday (Jun 19) that people should focus less on symbols and more on the substance of racism, adding that he saw no reason for any ban on the rugby song “Swing Low, Sweet Chariot”.

South Korea's swift handling of the COVID-19 crisis has provided a backdrop for a sharp increase in demand for premium and luxury cars, dealers and officials said, as wealthy people, insulated from many of the pandemic's worst effects, want to show off on the road.

Argentina’s debt markets were rattled on Thursday after bond restructuring talks with creditors appeared to stall, pushing the country’s risk spread up sharply over safe-haven U.S. Treasuries, a sign of investors growing cautious.

Insults by Brazilian government officials aimed at China, the country’s main trading partner, are detrimental to Brazil’s business interests and “not even very smart,” the chief executive of Cargill’s local operations said this week.

The Falkland Islands Government has confirmed that it has asked UK authorities to waive quarantine requirements for Falkland Islands residents travelling to UK. The move comes as surveillance swabbing continues to return negative results. To date, 413 PCR tests have been carried out in the Falklands, all resulting in negative results.