What's happened
The UK election campaign has shifted focus from the economy to a battle over the City backgrounds of Prime Minister Rishi Sunak and Shadow Chancellor Rachel Reeves. Meanwhile, education tech giant Byju's faces setbacks as HSBC and BlackRock devalue the company to zero. In the tech world, Sam Altman's prolific investments have earned him a net worth of over $2 billion.
What's behind the headline?
What the papers say
Politico reports on the UK election's focus on Sunak and Reeves' City backgrounds, with Labour attacking Sunak's financial history. Business Insider covers the devaluation of Byju's by HSBC and BlackRock. Another Business Insider article discusses Sam Altman's extensive investments and rising net worth.
How we got here
The UK election campaign has shifted from economic issues to a personal battle between the Conservative and Labour parties over the candidates' financial backgrounds. Byju's, once valued at $22 billion, now faces a valuation of zero by HSBC and BlackRock. Sam Altman, a prominent Silicon Valley investor, has built a substantial investment portfolio worth over $2 billion.
Go deeper
- How are Sunak and Reeves responding to the attacks on their financial backgrounds?
- What impact will Byju's zero valuation have on the edtech industry?
- How does Altman's investment strategy differ from other Silicon Valley investors?
Common question
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How is South Africa's ANC responding to losing its majority in the recent election?
Following the recent election setback, the African National Congress (ANC) in South Africa is navigating uncharted territory as it grapples with the loss of its parliamentary majority. President Cyril Ramaphosa's proposal for a national unity government has sparked discussions about the party's future direction and the implications of this political shift.
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