Despite Spending the Most. “If health care were an Olympic sport, the U.S. might not qualify in a competition with other high-income nations.” The U.S. health care system ranked last among 11 wealthy countries despite spending the highest percentage of its gross domestic product on health care, according to an analysis by the Commonwealth Fund. Researchers behind the report surveyed tens of thousands of patients and doctors in each country and used data from the Organization for Economic Cooperation and Development and the World Health Organization (WHO). The report considered 71 performance measures that fell under five categories: access to care, the […]
Richest
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Once the world’s sixth richest person, India’s Anil Ambani, pleaded before a UK court on 25 September that he has “zero net worth”, saying he sold off all his jewellery to pay the legal fees for an ongoing case concerning debt repayment. Ambani’s business group owes around $716 million to three Chinese banks. Three Chinese banks – the Industrial and Commercial Bank of China, the Export-Import Bank of China, and China Development Bank – have decided to pursue enforcement action against Indian businessman Anil Ambani on his worldwide assets for recovery of more than $716 million in dues from him. The […]
https://cdn1.img.sputniknews.com/img/107810/05/1078100585_0:26:3326:1896_1200x675_80_0_0_a72f4bdf15ad471d6f859fcd34b11c1a.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Radhika Parashar. Sputnik International https://sputniknews.com/india/202009101080418922-richer-meets-richest-mukesh-ambani-may-offer-jeff-bezos-20-billion-stake-in-reliance-retail/ At a time when the global economy is struck by pandemic woes, India’s biggest industrialist Mukesh Ambani has been seeing huge investments in his Reliance Industries, one of India’s most valuable companies. In recent months, Ambani’s oil-to-telecom company has garnered investments worth over $15 billion from foreign firms. Mukesh Ambani, who is currently the world’s seventh richest person, is considering selling 40 a percent stake in Reliance Retail worth $20 billion to online marketplace giant Amazon, headed by the world’s richest person Jeff Bezos, LiveMint reported on Thursday citing sources familiar with the matter. […]
The Federal Aviation Administration (FAA) has given approval for Amazon to operate its Prime Air delivery drones, an idea billionaire owner Jeff Bezos first introduced in 2013. The approval means the drones can be operated “beyond the visual line of sight” by operators. Amazon says it will soon begin testing the delivery technology, which is supposed to cut wait times for orders from days to hours and eventually minutes. The company also plans on eventually introducing the delivery practice across the globe. “This certification is an important step forward for Prime Air and indicates the FAA’s confidence in Amazon’s operating and […]
https://cdn1.img.sputniknews.com/img/107776/42/1077764229_0:0:1920:1081_1200x675_80_0_0_1b612823e3fa13a86b1e764c47a7365e.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202008191080204359-fantasy-gaming-platform-dream11-wins-title-sponsorship-rights-for-worlds-richest-cricket-league/ New Delhi (Sputnik): The 13th edition of the world’s richest cricket tournament – the Indian Premier League – will get underway on 19 September. IPL’s governing body is all set to release the schedule of the IPL 2020, which will be played in the United Arab Emirates. Board of Control for Cricket in India (BCCI) has awarded the title sponsorship rights of the Indian Premier League (IPL) 2020 to China’s Tencent funded fantasy cricket league platform Dream11. The move comes days after Chinese mobile giant Vivo had backed out of sponsoring the multi-billion dollar league […]
New Delhi (Sputnik): Since the deadly standoff between India and China took place in the Galwan Valley on 15 June, the Indian government has taken some strict steps, including banning over a hundred Chinese apps. After intense protests registered by sister organisations of the ruling Bharatiya Janata Party (BJP), Chinese smartphone maker Vivo has pulled out of the world’s richest cricket tournament, the Indian Premier League (IPL) this year. The sudden development comes a day after the Board of Control for Cricket in India (BCCI) announced the handset maker as title sponsor of IPL which is worth around $7 billion as per […]
https://cdn1.img.sputniknews.com/img/107982/84/1079828468_0:312:3086:2048_1200x675_80_0_0_5860c3ab5a153e0731d398633ad8b744.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202007211079941172-richest-gets-richer-amazon-ceo-jeff-bezos-adds-13-bln-to-net-worth-in-one-day-sets-record/ New Delhi (Sputnik): Jeff Bezos, the 56-year-old founder and CEO of US-headquartered e-commerce giant Amazon is the richest man on Earth. The business mogul was named the first person in modern history to gather a fortune worth over a whopping $100 billion, but that’s not all. In a single day record, Bezos on Monday lavishly reaped in $13 billion more to his previously estimated net worth of around $171 billion. The significant inflow into Bezos’ kitty is being called the largest single-day jump for a billionaire listed in the 2012 “Bloomberg Billionaire Index”, the media […]
The president of metal giant Norilsk Nickel and Russia’s richest man, Vladimir Potanin, has seen his fortune reduced by $4.1 billion after two environmental disasters in Russia’s far north, according to business magazine Forbes. On May 29, about 20 thousand tons of diesel leaked from a thermal power plant owned by Norilsk-Taimyr Energy Company, a Norilsk Nickel subsidiary. The fuel entered into the soil and contaminated reservoirs responsible for supplying the area’s residents with clean water. Following this disaster, on July 12, almost 45 tons of aviation fuel leaked from a pipeline in the Krasnoyarsk Region, inside the Arctic Circle. The […]
https://cdn1.img.sputniknews.com/img/107656/77/1076567749_0:160:3071:1888_1200x675_80_0_0_47e450bf94cf62a434c02b0673ef7067.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202007111079854683-elon-musk-nudges-past-warren-buffet-becoming-7th-richest-person-alive/ The car manufacturer’s stock has jumped more than 500% over the past 12 months, giving Musk hope of challenging other members of the list, including Amazon owner Jeff Bezos, who has a net worth of $188 billion. Tesla and SpaceX CEO Elon Musk has surpassed investor Warren Buffet on the list of the wealthiest people, becoming the seventh richest person in the world. The change occurred after Tesla’s stock surged 10.8% on Friday and the company reached a market value of $286.5 billion. As a result, Musk, who owns 20.8% of Tesla’s stock, gained an additional […]
New Delhi (Sputnik): During a pandemic-infested and shaken world economy, Indian mogul Mukesh Ambani has managed to rope in over $15 billion from foreign players as investments in his telecom company Jio. The drive behind Ambani’s rapid sales of Jio stakes to American and Middle Eastern firms was to make Reliance Industries “net debt-free”. The 63-year-old Indian business tycoon released an official statement on Friday confirming that he has “fulfilled his promise” of relieving his company Reliance of its net debts in recent months. Ambani also revealed his goal for the next five years, which is for Reliance to have “one […]