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Wealth Tech Firm Farther Raises $15 Million to Offer New Kind of Wealth Management
Wealth tech firm Farther raised $15 million in a Series A round led by Bessemer Venture Partners. Father says it's a new kind of financial institution offering wealth management through expert advisors and A.I. technology. The startup...
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Stolen billions: Former banker in 1MDB scandal found guilty
A former executive of the US bank Goldman Sachs faces up to 30 years in prison for embezzling billions of dollars.
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Prince Andrew settles sex abuse lawsuit with Virginia Giuffre
Andrew voices regret for associating with Jeffrey Epstein in a court filing, announcing settlement for an undisclosed amount.
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Housing prices worsening Canada’s wealth gap
The supply of homes in Canada is dropping as prices go through the roof and many new buyers are getting significant financial support from their parents. Experts say this is making the wealth gap worse and more needs to be done to...
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Canada joins COP26 pledge to halt investment in coal power
Canada has signed on to a COP26 pledge to halt investment in coal power generation and stop using coal entirely before 2040, but some doubt how much of a difference the agreement will make in emissions without the U.S., India or...
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Ukraine's parliament passes law to limit oligarchs' influence on politics
The law will prevent wealthy businessmen in Ukraine from funding political parties or taking part in the privatisation of state assets.
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Where do the parties stand on basic income? | Ask CBC News
With the success of CERB, there’s been a lot of buzz about whether Canada should introduce a national basic-income program. But experts — and parties — are divided on whether that’s the best way to address the needs of Canadians living...
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With No Prenup, Divorce Lawyer Breaks Down How Gates Split Could Play Out
Bill and Melinda Gates announced that after 27 years of marriage they will be divorcing. Jacqueline Newman, Divorce Attorney and Author of "The New Rules of Divorce: 12 Secrets to Protecting Your Wealth, Health, and Happiness," joined...
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The potential of producing lithium out of water from oil drilling
Entrepreneurs in Alberta see the potential in repurposing water from oil drilling to produce lithium, which is used in batteries for everything from smartphones to electric cars.
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Army fires at funeral as Myanmar mourns day of ‘mass murder’
Defence chiefs of 12 countries condemn Myanmar army after 114 people killed in deadliest crackdown yet on protests.
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New US administration to inherit major economic challenges
The unprecedented effects of the pandemic means the incoming administration will have a long road to recovery.
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Argentina wealth tax: Government to raise funds for COVID relief
Dozens of multinationals are fleeing this South American nation, claiming that doing business in Argentina is unprofitable.
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NDP Leader Singh says Fall Economic Statement shows future 'cuts to the help that people need'
Reacting to the Fall Economic Statement, NDP Leader Jagmeet Singh says the government should be more focused on generating revenue from wealthy individuals and corporations so that it can continue to invest in helping people in a...
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Pandemic Worsening Racial Wealth Gap, Says University of Chicago Professor
As the coronavirus pandemic continues to hit Americans' wallets, it's also exposing the longstanding wealth gap between minority communities and White Americans, according to Damon Jones, professor at the University of Chicago.
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Closing the wealth gap | Sunday Scrum
Experts are warning that the wealthy and the less well-off are economically recovering from COVID-19 at dramatically different rates, leading many governments — including the federal Liberals — to consider higher taxes for the wealthy.
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Elon Musk Becomes 7th Wealthiest Person in the World
Elon Musk has become the seventh wealthiest person in the world, surpassing Warren Buffet. The move up the list came after Tesla stock surged and Buffet made a $3 billion charitable donation.
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Iran oil shipment: Venezuelan military to escort fuel tankers
Venezuela says its military will escort five Iranian tankers, bringing oil to ease severe shortages.
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Coronavirus in Central Asia: Virus relief funds under question
Donations to help those affected by the pandemic have raised concerns from some about the origin of the funds.
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Warren Buffett's philanthropy hits $60 billion mark
Warren Buffett recently donated $6 billion worth of Berkshire Hathaway shares to five foundations, bringing his total philanthropy efforts up to the $60 billion.
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DR Congo and Rwanda sign long-awaited peace deal in Washington
Rwanda and the Democratic Republic of Congo signed a peace agreement on Friday in Washington to end fighting that has killed thousands.
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Tracking the $100tn inter-generation wealth transfer
Younger generations are set to benefit from a 100 trillion dollar inter-generational wealth transfer. But they are flipping the script-- it's no longer about traditional assets, the future is digital and so are the asset classes they...
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The Dubai of the Caribbean: Guyana's growing pains
Guyana never had an oil industry — until now. And the rapid transformation is creating opportunities, but also concerns for the country's future. Kyle Bakx breaks down the fears about growing too much, too fast.
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Guyana is a climate model. Finding 11 billion barrels of oil could change that
With its lush rainforests, Guyana is considered a net-zero country by UN climate rules, but a massive oil boom has sparked foreign investment in what some now call ‘the Dubai of the Caribbean.’ CBC’s Kyle Bakx examines what oil...
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Some Canadian millionaires are lobbying for a tax change: they want to pay more
CBC's Anis Heydari reports on Patriotic Millionaires Canada, an activist group made up of wealthy Canadians who want the government to ramp up taxation on the rich.