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British retail tycoon hits back at MP’s ‘abuse’

  London / AFP The billionaire owner of the Topshop clothing chain on Saturday accused a leading British MP of running a “kangaroo court” after the tycoon was slammed over the collapse of department store chain BHS. Philip Green wrote a letter to Frank Field, saying that he had led a campaign against him culminating in the publishing of a report ...

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Wireless carrierAmerica Movil falls to 7-year low as Mexico woes continue

  Bloomberg America Movil SAB, the Latin American wireless carrier controlled by billionaire Carlos Slim, sank to a seven-year low after reporting disappointing profit with its Mexican unit under siege from competitors and regulators. Earnings before interest, taxes, depreciation and amortization fell 11 percent from a year earlier to 61 billion pesos ($3.23 billion), the Mexico City-based company said Thursday ...

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US tech billionaires lead 2016 gains to reshape wealth ranks

  Bloomberg Technology billionaires are making a run for the top of the global wealth rankings as surges for Facebook Inc., Amazon.com Inc. and Google parent Alphabet Inc. added $5.6 billion to their founders’ fortunes this week. Google co-founders Larry Page and Sergey Brin gained a combined $2.7 billion after the search engine’s ad business reported a growing user base ...

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