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The Latest Breaking News from Michael Bloomberg

Bill Ackman pledges to bankroll any NYC mayoral candidate willing to step forward that can defeat Mamdani

Ackman and his wealthy associates are ready to pour 'hundreds of millions of dollars' into the campaign of an aspiring politician looking to position themselves on the national stage.

Fortune

Trump criticised for climate policy as William celebrates Earthshot finalists

The Prince of Wales founded the Earthshot Prize to find solutions to ‘repair’ the planet.

Evening Standard

Sadiq Khan flies into row over 12,000-mile round trip to Brazil to warn of dangers of climate change

London mayor has made more than 20 foreign trips in nine years at City Hall

Evening Standard

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Why establishment Democrats still can’t stomach progressive candidates like Zohran Mamdani

The anti-Mamdani mobilization is depressingly predictable, with a party that is allergic to fresh blood and new thinking

The Guardian - US

Bloomberg Financial Markets Data Service Hit By Outage

Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting auctions of bonds in Europe.

International Business Times

Richard Vines, celebrated restaurant critic, dies aged 71

Unusually for a critic, a role that naturally inspires enemies, Vines maintained friendly relationships with chefs and writers across the globe

Evening Standard

One of the world's richest men criticizes the spending of billions of dollars on buying laptops for US classrooms with no apparent improvement in results

Billions spent on school laptops have failed to improve student performance, raising concerns about the effectiveness of widespread digital adoption in classrooms.

TechRadar

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Secrets of ancient London revealed as more than 14,000 Roman artefacts unearthed

The finds were uncovered at the site of a 3rd century Roman temple

The Independent UK

Thousands of Roman artefacts found during building work given to London Museum

The finds were uncovered at the site of a 3rd century AD temple to the Roman god Mithras, in the modern-day City of London.

Evening Standard

Michael Bloomberg tops the list of America’s biggest donors for the second year in a row

For the second year in a row, former New York City mayor Michael Bloomberg gave the most to charitable causes, according to the Chronicle of Philanthropy’s exclusive Philanthropy 50 list of the Americans who donated the largest sums to nonprofits last year

The Independent UK

What are conflicts of interest and what can be done about them?

Americans’ trust in government and politicians is at record lows. In a 2022 Pew Research survey, about two-thirds of respondents said that all or most people who run for office want to serve their own personal interests rather than the community’s.

The Conversation

Tech billionaires lost almost $100bn in stock market selloff sparked by DeepSeek

Nvidia saw $600bn of its market value disappear, while its CEO, Jensen Huang, saw his net worth drop by nearly $21bn

The Guardian - US

Michael Bloomberg pledges over $20m to plug gap in UN’s climate budget after Trump pulled out

This is the second time Bloomberg has stepped in to help uphold funding and reporting commitments under the Paris agreement

The Independent UK

Billionaire Bloomberg to fund UN climate body as US withdraws again

Billionaire Michael Bloomberg announced Thursday his foundation would fund the UN climate change body after President Donald Trump declared the United States would withdraw from the Paris Agreement for a second time.

Radio France Internationale

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Al Jazeera

Bloomberg to fund UN climate body after Donald Trump’s Paris exit

Bloomberg pledges financial support to UN climate body following Trump’s exit from the Paris Agreement.

Evening Standard

Was Donald Trump a Democrat? Timeline of new US president's flip-flopping political history

‘America first’ policies are not in keeping with Republican precedent

The Conversation

Billionaires bankroll US politics, but voters could demand a fairer system

Billionaires played an unprecedented role in the 2024 US elections, with 150 of the world’s wealthiest families contributing nearly US$2 billion (£1.57 billion) trying to influence the outcome. This included donations from the likes of Elon Musk (US$133 million for the Republicans) and Michael Bloomberg (US$45 million for the Democrats).

The Independent UK

Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest gifts

Netflix co-founder Reed Hastings and former New York City mayor Michael Bloomberg made the largest contributions in 2024, and financial aid, especially for medical students, got most of the money

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The Independent UK

More states are ditching exams as high school graduation requirements

When Massachusetts voters decided to ditch the state’s high school graduation exams on Election Day, they joined a growing trend that has steadily chipped away at the use of high-stakes tests for the past two decades

International Business Times UK

Elon Musk Says He's 'The Largest Individual Taxpayer In History' After $10B Payment: 'I Thought The IRS Would Send A Trophy'

The average true tax rate for the ultra-rich, including Elon Musk, is much lower than those less affluent as they leverage a host of tax-savings strategies to reduce their reported annual income despite skyrocketing net-worth growth

The Independent UK

Heir to Levi Strauss fortune accused of ‘buying race’ as he becomes new mayor of San Francisco

Daniel Lurie unseated incumbent mayor London Breed running on promises to revitalize city after challenges of pandemic era

The Independent UK

Who are America’s billionaires backing this election?

More billionaires are backing Harris than Trump, but Trump’s billionaires are giving him larger amounts, Graig Graziosi reports