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Apple faces a $200 billion loss in just two days after iPhone ban in China

Apple faces a $200 billion loss in just two days after iPhone ban in China

Following news that China intended to extend a ban on the use of iPhones to organisations with government support, Apple stock dropped 2.9% on Thursday. Investors are concerned about how well the most valuable public corporation in the world will be able to conduct business in the second-largest economy in the world. On Wednesday, Apple…

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Fortune of the richest person in the world Bernard Arnault earns more than $200 billion

Fortune of the richest person in the world Bernard Arnault earns more than $200 billion

As shares in Bernard Arnault’s French LVMH luxury goods empire reached a record high, the world’s richest person’s fortune surpassed $200 billion for the first time. The 74-year-old is the third person in history to have an estimated fortune that exceeds $200 billion (£160 billion). Elon Musk of Tesla and Jeff Bezos of Amazon have…

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