The Latest Breaking News from Mike Bloomberg

The 50 American individuals and couples who gave or pledged the most to charity in 2024 committed US$16.2 billion to foundations, universities, hospitals and more. That total was 33% above an inflation-adjusted $12.2 billion in 2023, according to the Chronicle of Philanthropy’s latest annual tally of these donations. Media mogul…

Democrats are facing a painful reckoning over Kamala Harris's drubbing at the hands of Donald Trump in the US presidential election, as shock gives way to anger and recrimination in the aftermath of a devastating repudiation.

Fueled by the Supreme Court’s June 2023 ruling that bans affirmative action in higher education, conservative lawmakers across the country have advanced their own state bans on diversity initiatives, especially those that might make students feel shame or guilt for past harms against people of color.

Mike Bloomberg, the media mogul and former New York City mayor, has given Johns Hopkins University US$1 billion to eliminate tuition for most its current and future medical students, the school and Bloomberg Philanthropies announced on July 8, 2024. The gift will also expand financial aid for students studying several…

Donation by former New York City mayor and alumnus will cover school fees for nearly all students from fall term 2024

Individual donors have been dwindling in their support of the Tories and flocking to Labour – with some even switching sides

From the political bash to the high art event, a behind-the-scenes look at what really goes on inside the capital’s most exciting soirées

Policymaking, a process by which governments make decisions about how to address social issues, is shaped by various factors, such as the political climate, socioeconomic conditions and cultural and historical backgrounds.

They claim altruistic motives, but billionaires’ favoured brand of do-gooding, which allows no scrutiny or pluralism, is worse than unhelpful, writes Zoe Williams