Global Millionaire Population Jumps by Nearly 2 Million in 2025, Driven by Strong Stock Market Performance Worldwide June 4, 2026 U.S. adds 736,000 new millionaires — more than any other market — to reach 8.7 million Ultra-high-net-worth individual population expands 9.4%, the fastest-growing wealth segment for second consecutive year Most HNWIs (88%) work with multiple wealth management firms specifically to access better alternative investment opportunities Three-in-four advisors want AI to automate routine work so they can focus on client relationships
AMCS Group Appoints Eric S. Walsh as Chief Executive Officer June 2, 2026 New CEO to lead global growth and strengthen customer partnerships worldwide
Patagonia faces PR backlash over trademark lawsuit with drag queen June 2, 2026 Patagonia is in hot water over its legal action against a drag queen, but as lawyers suggest, businesses face a double-edged sword when it comes to protecting their trademarks. A drag queen artist and environmentalist, Wyn Wiley, was sued by the US outdoor retailer Patagonia, which alleged the performer violated its trademark by going professionally [...]
Perpetuals Reports $4.5 Billion in UpsideOnly Volume and Signs Exchange Agreement With Datavault AI for Tokenized Commodities June 2, 2026 UpsideOnly draws more than 30,000 active users from 185 countries in its first two weeks Perpetuals signs exchange agreement with Datavault AI, bringing tokenized gold, copper, geothermal energy, and critical minerals to 24/7 regulated global trading
Bluesky bets on the end of X and Meta’s social media grip June 2, 2026 Social media is moving beyond platforms controlled by a “few billionaires”, according to Bluesky’s chief operating officer, as governments in the UK and Europe step up scrutiny of X, Meta, and other Big Techs. Speaking at SXSW London, Rose Wang said Bluesky was built in response to a social media market dominated by a handful [...]
‘Be more Trumpian’ – Mandelson discussed dire economy and ‘lack of verve’ with key Starmer ally June 1, 2026 One of Keir Starmer’s closest allies hit out at Downing Street’s thinking on economic policy as he complained about the government’s push to tax people to pay for more benefits, the latest Mandelson files have revealed. Pat McFadden told Peter Mandelson in May last year that meetings he attended centred on questions about hiking taxes [...]
Elite law firm to splash £370m on building own AI tool May 28, 2026 The world’s largest law firm by revenue, Kirkland & Ellis, is investing £370m ($500m) to develop its own custom-built AI platform, challenging competitors that rely on widely used third-party AI tools. The US-based firm, which has a large office in the City, said it plans to spend hundreds of millions over the next three to [...]
Mark Kleinman: Reeves revels in ring-fencing reform May 28, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Reeves revels in ring-fencing reform Is Rachel Reeves about to rip up ring-fencing? It was a question I posed in this column just over a year ago. Now, we have an answer of sorts. The Chancellor’s announcement [...]
Starmer confirms teen rape case sent to Court of Appeal after public outcry May 26, 2026 The Attorney General has sent a rape case, which saw two teenage boys spared jail, to the Court of Appeal following a political backlash over the weekend against the judge’s ruling. Two teenage boys raped two girls in separate attacks in Fordingbridge, Hampshire, in 2024 and 2025. The third boy, who aided and abetted the [...]
Will Sky Garden pick up a coveted Toast the City award? May 26, 2026 We have launched the Toast the City awards 2026 and throughout the year we’ll be speaking to some of the nominees. Today we caught up with Sky Garden director Monika Kowalewska-Kheir. To nominate your favourite Square Mile spots for the 2026 awards, from bars and restaurants to galleries and green spaces, visit the Toast the City website here. [...]