Latest news, market updates, industry trends, and analysis in Global from Mumbai Weekly.
Amazon founder Jeff Bezos reportedly remains without membership at the exclusive Indian Creek Country Club in Miami, six months after attending its annual dock party as a special guest. Despite owning three properties on the island worth about $234 million combined, Bezos still needs approval from the club's existing members.
MCX gold has extended its recent correction, while silver remains in a broad consolidation range. Analysts see Rs 1.48 lakh as a crucial support for gold and Rs 2.25 lakh for silver. Buying on dips remains the preferred strategy as the broader trend for both metals stays positive despite short-term weakness.
Retired nurse Susan Bivins lost more than $200,000 after being deceived by a scammer posing as a federal agent. The financial damage deepened when the IRS later demanded $80,000 in taxes on money she had withdrawn from retirement accounts before losing it to the fraud. Unable to meet the bill, Bivins sold her home and moved into a one-bedroom apartment.
The Food Safety and Standards Authority of India has directed major five-star hotels to follow a zero-tolerance approach towards food safety violations ahead of the BRICS Summit in Delhi. The regulator has also increased random inspections after finding multiple hygiene and food safety deficiencies at two Aerocity hotels.
A shipping employee in Northfield, Minnesota, helped prevent a woman from losing $30,000 after noticing unusual behaviour surrounding an overnight package. The woman said the box contained cookbooks, but police found cash inside after the employee raised concerns.
