Africa’s richest woman sacked from Angolan oil group in boardroom coup

Angola’s new President Joao Lourenco has sacked Africa’s richest woman from chairing the state-owned oil company in a major boardroom cull just weeks after coming to power. Isabel dos Santos, the ousted chair of Sonangol, is the daughter of former Angolan president Jose Eduardo dos Santos who stepped down in September. She was appointed only […]

The five best destinations for a family holiday in December

December means different things to different families: you may be off to ski, in search of hygge or Father Christmas, hankering after the perfect Christmas market, or trying to avoid the holidays altogether by heading to a long-haul sunny spot, these are your best options with children in tow. 1. Lapland to see Father Christmas […]

London’s Bond Street has world’s third-highest business rents

The tourism boom prompted by the weakness of sterling since the Brexit vote has helped propel Bond Street in London into the top three of the world’s most expensive store locations. The shopping thoroughfare overtook the Champs Élysées in Paris in the global ranking compiled by the property company Cushman & Wakefield. New York’s Upper […]

Meet the Russian-born Singaporean who built a billion dollar IT empire

Serguei Beloussov, CEO and chairman of the board of Acronis

From selling shoes in the former Soviet Union to helming a billion dollar IT empire, Serguei Beloussov is not your ordinary Singaporean resident. The Russian-born Singaporean wears many hats including that of an entrepreneur, investor and speaker. He is the co-founder, a global data protection company and is the senior founding partner of Runa Capital, a technology investment […]

Billionaire Frere lifts Burberry stake after share plunge

Billionaire Albert Frere raised his stake in Billionaire Albert Frere a day after the U.K. trench-coat maker’s shares fell 10 percent on disappointment over new Chief Executive Officer Marco Gobbetti’s strategic plan. The Belgian investor increased his holding to 6 percent from 4 percent, Burberry said in a statement Friday. The U.K. fashion company’s shares […]

World’s fastest-growing tourism city is in China

Hong Kong might be the world’s most visited city this year, but a potential, albeit surprising, future contender is emerging from the sidelines. Chongqing — a major Yangtze River port in southwest China — has become the world’s fastest-growing tourism city, recording a whopping 14% growth in its tourism sector last year. That’s according to the World Travel & Tourism […]

The top tourist destinations in 2017

For the ninth year in a row, Hong Kong has held on to its crown as the planet’s most visited city. Revealing the results of its 2017 Top 100 City Destinations survey, market researcher Euromonitor International says the Asian territory pulled in 26 million visitors in the previous year — a number predicted to swell to 44 […]

The ‘boy genius’ behind $28.5bn cryptocurrency ethereum

There are tons of 20-something entrepreneurs all over the world, undoubtedly coding up the Next Big Thing this very moment. And then there’s Vitalik Buterin. Unlike most men his age — or any age, for that matter — Buterin, 23, has invented a new kind of money, called Ethereum. It’s currently worth $28.5 billion in […]

World’s most expensive home receives offers, none good enough

Offers are starting to trickle in for the world’s most expensive house. Villa Les Cedres, a 14-bedroom mansion set in 35 acres on the French Riviera and listed at 350 million euros ($405 million), has received interest, visits, and offers, Davide Campari-Milano SpA Chief Executive Officer Bob Kunze-Concewitz said. None of the bids were acceptable to a committee […]