Bloomberg Business

UK’s Top 1% Would Gain Most From Inheritance Tax Cut, IFS Says

Britain’s wealthiest 1% would enjoy half of the gains from scrapping inheritance tax, new research shows, as Prime Minister Rishi Sunak considers proposals to revive his Conservative Party’s flagging ratings before a general election expected next year.

Crypto Blowup in Hong Kong Tests Its Embrace of Retail Trading

The footage was beamed out to television viewers across Hong Kong early last week: a young man dressed in a black polo shirt, navy blazer and gray trousers being led out by police from an office tower in the Central business district in handcuffs in front of waiting photographers.

Trump Found Liable for Fraud in New York Attorney General’s Case

Donald Trump was found liable for fraud for exaggerating his net worth by billions of dollars a year on financial records submitted to banks and insurers, a major blow to the former president in the biggest civil case against him that is scheduled to go to trial next week.

Argentina Boosts Election Spending, Risking Even More Inflation

(Bloomberg) — Argentina’s Economy Minister and presidential candidate Sergio Massa is ramping up public spending before the Oct. 22 election, promising cash handouts that are likely to fuel inflation already running at 124% a year.  

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