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Saudi Arabia to invest $1 billion in Virgin Galactic

RIYADH: Saudi Arabia's Public Investment Fund on Thursday announced a $1 billion investment in  British billionaire Richard Branson's space tourism company Virgin Galactic. The announcement on the sidelines of an investment summit in…

Trump tumbles on rich list, down $800 mln: Forbes

NEW YORK: It seems running for president is hurting Donald Trump's finances big time. The Republican nominee's fortune fell $800 million last year sending him tumbling 35 spots on a list of richest Americans, Forbes said on Tuesday. The…

US billionaire echoes Rhodes with China scholarship

BEIJING: A US billionaire's giant gift to one of China's top universities for a programme echoing Oxford's Rhodes Scholarships comes as the country seeks to boost its schools' prestige while tightening ideological control in classrooms.