The world’s richest person gets richer, even in a pandemic, and perhaps because of it as consumers stuck at home relying on Amazon more than ever. busrep day21oflockdown
INTERNATIONAL – With consumers stuck at home, they’re relying on Jeff Bezos’s Amazon.com more than ever. The retailer’s stock climbed 5.3 percent to a record on Tuesday, lifting the founder’s net worth to $138.5 billion about R2.6 trillion.
It’s not just the billionaires. Corporate insiders have been significant buyers of their companies’ shares, a show of confidence that the crisis will pass, even as the nation’s leaders debate exactly when Americans can safely return to work. Others are going further to maximise returns. UBS Group is seeing ultra-wealthy clients ramp up borrowing to place more wagers in what they see as a cheap market. Mortgage brokers to the rich have said more clients are seeking loans backed by real estate to help them repay other debt, invest in businesses and snap up other assets.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than one vaccine for Covid-19 is vital, Glaxo CEO says‘It normally takes a decade … to develop a vaccine but we are in an unprecedented situation and the need is incredibly urgent,’ Emma Walmsley says
Read more »
The world will need more than one Covid-19 vaccine, GSK CEO saysThe world will need more than one Covid-19 vaccine so drug companies must partner in the race to develop the weapons to fight the novel coronavirus, GlaxoSmithKline Chief Executive Officer Emma Walmsley said on Wednesday.
Read more »
WWE resumes live shows as it is deemed an 'essential business'The WWE has been deemed as 'essential business 'in Florida and will continue to film amid the coronavirus pandemic.
Read more »
African Union chief says Trump decision on WHO 'deeply regrettable''Today more than ever, the world depends on WHO's leadership to steer the global Covid_19 pandemic response. Our collective responsibility to ensure WHO can fully carry out its mandate, has never been more urgent,' Faki said in a Twitter post. Covid19SA
Read more »
IMF approves $1 bn in virus aid for GhanaThe IMF has approved a $1 billion (910-million-euro) aid package for Ghana to help the West African country manage fallout from the new coronavirus pandemic, the multilateral lender said.
Read more »