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Mukesh Ambani and Jeff Bezos could become allies if this $20 billion deal goes through

Amazon has held talks about investing in Mukesh Ambani’s Reliance Retail Ventures, which is offering to sell a roughly $20 billion stake.
Jeff Bezos and Elon Musk | ThePrint

World’s richest people smashed wealth records this week

While Amazon's Jeff Bezos' net worth topped a whopping $200 billion, Elon Musk's fortune soared past $100 billion fueled by Tesla Inc.’s ceaseless rally.
Elon Musk

Elon Musk’s wealth tops $100 billion but Jeff Bezos is worth double that

Musk, now one of four centibillionaires in the world, has seen his fortune grow by $73.6 billion this year, a jump still smaller than Bezos’s, who is up by $87.1 billion.
Reliance Chairman Mukesh Ambani (left) and Amazon CEO Jeff Bezos (right) | ANI Photo/Bloomberg

Amazon and Mukesh Ambani’s Jio are getting ready for an epic fight

Jeff Bezos regards India as a key frontier for Amazon, particularly after failing to break into China. Now he faces a homegrown champion Jio, backed by some of his fiercest US rivals.
Twitter logo displayed on a phone | Alex Flynn/Bloomberg

Florida teenager in massive Twitter hack case pleads not guilty

Florida teen Graham Ivan Clark has been charged with posting messages on behalf of over 100 notable personalities, including Barack Obama, as part of a cryptocurrency scam.
Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks via videoconference during a House Judiciary Subcommittee hearing in Washington, D.C., US, on Wednesday, July 29, 2020 | Graeme Jennings | Washington Examiner | Bloomberg

Sundar Pichai, Zuckerberg, Bezos grilled by US Congress over their power to ‘crush rivals’

Google’s control over search & online advertising; Apple’s tight grip over apps; Facebook’s acquisition of rivals, and Amazon’s leverage over 3rd-party sellers were criticised.
Amazon CEO

The lockdown has just made Jeff Bezos richer by $24 billion

With consumers stuck at home, they’re relying on Bezos’s Amazon more than ever. The retailer’s stock climbed 5.3%, lifting the founder’s net worth to $138.5 billion.
Amazon CEO

Jeff Bezos donating $10 billion barely dents his surging fortune

Even if the full value of the donation were to be immediately subtracted from his wealth, Bezos would still be the richest person on the planet.
File image of Amazon chief Jeff Bezos

Jeff Bezos says he’ll commit $10 billion to fight climate change

Bezos is under pressure to balance Amazon’s need to deliver goods quickly with the environmental consequences of the rapid growth of online shopping.
Amazon CEO Jeff Bezos greets during the Amazon SMBhav summit, at Jawahar Lal Nehru Stadium in New Delhi on Wednesday. | ANI

Modi and MBS, the two wrong foreign leaders Jeff Bezos befriended

Bezos made overly optimistic bets on global leaders whose dispositions turned out to be less open and more autocratic than Silicon Valley originally thought.

On Camera

Erdogan’s assault on Macron is the height of cynicism

There was a time when Turkish President Recep Tayyip Erdogan didn’t see the West as Turkey’s enemy and even wanted to join the European Union.

Turkey waging new war of economic liberation, says Erdogan after country’s currency falls

Erogan's speech follows the Turkish lira weakening to a record low of 8.3849 per dollar on Friday.

Defence

Union Defence Minister Rajnath Singh meets his US counterpart Mark Esper at his office in South Block Monday | Twitter | @rajnathsingh

Here is why US changed Rajnath Singh’s statement on ‘reckless aggression’ by China

Both the US State and Defense departments have added footnotes to the transcripts they released on Rajnath Singh’s remarks at 2+2. The State Department has also updated the text.
Illustration by Soham Sen | ThePrint

5 reasons for the crisis in global Islam

If tens of crores of Muslims across the world feel they are victims of mass Islamophobia, their holy prophet shown deliberate disrespect, it is a sense of crisis and siege.