Latest news with #succession
Bloomberg
5 hours ago
- Business
- Bloomberg
India's Gen Z Billionaires Are Bored With Business
The family that ran India's largest luggage maker for more than half a century is packing it in, with control of Mumbai-based VIP Industries Ltd. passing to private equity. 'What do I do?' Dilip Piramal, the 75-year-old chairman, wondered aloud in a TV interview after announcing the sale. 'The younger generation is not interested in management.' Piramal isn't the only aging businessperson to have run out of successors: 'Today among the scions of some of the most affluent families of India, someone is an artist, someone wants to be a sportsman, someone wants to run a small restaurant. There's nothing wrong in that. It's the modern trend, people want to do their own things.'
The Sun
8 hours ago
- Entertainment
- The Sun
‘Awkward' royal rule Prince George MUST follow now he's 12 as future king celebrates birthday
THE Prince and Princess of Wales could be left frustrated by an "awkward" new rule their son George must follow now that he is 12. The same rule applied to George's father William when he turned 12 and makes life a bit tricky for the royals. 5 In a bid to safeguard the line of succession George and his father will now no longer be able to travel in the same plane together. With William next in line to the throne and George second in line the rule aims to protect the heirs from any potential accidents. It comes after George turned 12-years-old today and a new portrait of the prince was released by his parents. The entire family are subject bizarre rules when they travel ranging from not drinking alcohol in case of poisoning to carrying a mourning outfit in case of a sudden death. As second in line George is now expected to follow the new rule as his father did before him. The bizarre rule was only waived for William on rare occasions when the late Queen Elizabeth II allowed him to travel with the rest of his family. Speaking to the Daily Mail royal pilot Graham Laurie said: "Interestingly, we flew all four – the Prince, the Princess, Prince William and Prince Harry – up until Prince William was 12 years old. "After that, he had to have a separate aircraft and we could only fly all four together when they were young with the written permission of Her Majesty.' It is expected that William will ditch the royal tradition of flying George seperately from the rest of his family. The rule could make long-haul flights for the Prince and Princess of Wales extremely difficult. Giggling Prince George holds hands with Charlotte & Louis in adorable video to mark big brother's 12th birthday It is understood that qualified pilot William tends to fly his family around himself. On several occasions, experts believe, the heir to the thrown has packed his family into a helicopter and whisked them away across the country. The King is thought to strongly object to the practice, preferring that the royal tradition of separate travel is kept to. Whether or not William will follow the tradition is yet to be seen, former BBC Royal Correspondent Jennie Bond told the Express: "This is going to be a bit of a conundrum for William and will make long-haul flights very tricky." 5 5 5 'There will be a considerable amount of pressure on them to adhere to the rule, but I'm not convinced that he'll stick to it rigidly.' With George celebrating his 12th birthday today, July 22, the rule is expected to come into effect immediately but whether or not it will be followed is yet to be seen. To mark the occasion a new portrait of the young prince was shared with the public alongside a behind the scenes video of William and Kate's children laughing and playing together. George, 12, Charlotte 10, and Louis 7, are seen all together in pictures and videos captured during a photo shoot for the young prince's birthday. The video, filmed by Kensington Palace's in-house social media team, also captures the trio smiling as they stride along holding hands. William and Kate's eldest son looks the spitting image of his father in his new portrait. It shows George outside leaning on a wooden gate near to the family's country home at Anmer Hall in Norfolk. The King and Queen reposted the photo on their social media page, wishing their grandson a happy birthday. PRINCESS Kate is said to be worried that Prince George may take up a hobby she "absolutely hates". The sport in question is one that Prince William has enjoyed for years... riding motorbikes. Back in 2015, she admitted that William's motorbike habit terrified her. Kate confessed: "He's still riding it. It always fills me with horror when he goes out on it. I'm terrified. "Hopefully, I'm going to keep George off it."
Bloomberg
15 hours ago
- Business
- Bloomberg
Billionaire Fired From Poland's Cyfrowy by His Own Family Trust
Polish media and telecommunications group Cyfrowy Polsat SA unexpectedly dismissed its billionaire founder Zygmunt Solorz, escalating a conflict over succession in one of the country's richest families. Cyfrowy's majority owner, Liechtenstein-based TiVi Foundation set up by the Solorz family, used its special rights to remove the billionaire from the conglomerate's supervisory board on Tuesday. It also replaced Chief Executive Officer Miroslaw Blaszczyk. The company's shares fell as much as 2%.
Yahoo
20 hours ago
- General
- Yahoo
Princess Anne Is ‘Annoyed' at William Amid Reports He Plans to ‘Overhaul' the Royal Family Once His Father Passes
King Charles' illness and his advanced age has meant that succession plans have moved along more quickly than they would have otherwise. It has also meant that people have already started thinking about what Prince William would like if he were in charge, and what type of changes he would make to the monarchy. This is particularly true considering William has been pretty open about his desire to modernize the institution before. Now there are reports that Princess Anne, widely regarded as perhaps the hardest-working royal, is not so happy with her nephew. According to The Sunday Times, the Princess Royal is reportedly 'annoyed' that William has not taken on more investiture ceremonies at Windsor Castle. This is despite the fact that Prince William lives nearby, at Adelaide Cottage. More from StyleCaster Diana Hauntingly Predicted a 'Difficult Path' for Harry Decades Before William Will Reportedly 'Never Ever' Forgive His Brother Inside Harry's 'Desperate' Attempts to Reconcile With the Royal Family Amid Reports He's Worried William Will 'Literally Banish' Him Once He's King Related: Here's what each royal inherited from Queen Elizabeth A source close to Princess Anne reportedly said, 'She's still doing most of the investitures [at Windsor] even though William lives there. It annoys her.' Last year, Princess Anne outnumbered every working royal when it came to royal engagements. She undertook 474 engagements. Meanwhile, King Charles had 372 engagements, and Prince Edward carried out 293 visits. Despite this annoyance, reports indicate Princess Anne is overall very fond of William and supportive of him. She is also said to admire his commitment to modernizing the monarchy. And William and Kate reportedly have a lot of affection for her back. Recently, after she returned to her duties after an accident, William and Kate shared a message for her: 'Super trooper! So great to see you back so soon! W & C x'. This all comes as reports indicate William will 'overhaul' the monarchy once he becomes King. According to the Times, he will make the coronation service 'much simpler.' This has to do with William being 'mindful of how much the monarchy costs' and how the optics of those costs reflect on the royal family in general. 'He wants to make sure the whole thing has even more impact and remains relevant,' a friend told the outlet, and not giving an impression of overspending is very important to those plans. 'He has been thinking about the future for years, and he knows that what his grandmother did and what his father does is an evolution,' Jason Knauf, CEO of Prince William's Earthshot Prize, explained. 'There are traditions and things that won't change, but this thinking about the next [role] is how is this going to be reflective of him?' Whatever happens next for William and the monarchy, it's likely Princess Anne will continue to be heavily involved. She said in an interview with the Press Association, 'I don't think there's a retirement program on this particular life. It really isn't written in, no. It isn't really an option, no, I don't think so.' All these conversations are being had now because of King Charles' illness. British broadcaster and photographer Helena Chard told Fox News Digital. 'King Charles is living with cancer, which makes his family situation very sad,' Chard said about his feud with his son, Harry. 'I'm sure he is thinking about his mortality and reevaluating his life.' Whether that pushes the royal family closer to reconciliation or not remains to be seen. But changes are coming one way or another; that much seems clear. Best of StyleCaster The 26 Best Romantic Comedies to Watch if You Want to Know What Love Feels Like These 'Bachelor' Secrets & Rules Prove What Happens Behind the Scenes Is So Much Juicier BTS's 7 Members Were Discovered in the Most Unconventional Ways Solve the daily Crossword
Yahoo
2 days ago
- Business
- Yahoo
BT in talks to dial up successor to veteran finance chief
BT Group is scouring for a new finance chief to succeed the veteran executive who joined the FTSE-100 telecoms company nearly a decade ago. Sky News has learnt that Simon Lowth, who joined from BG Group in 2016, is preparing to step down in the next 12 months. Industry sources said that Allison Kirkby, who became BT's chief executive last year, had begun meeting candidates to succeed Mr Lowth. An appointment could come later this year, they added. Money blog: Funeral director on why she speaks to dead people The identities of the contenders to replace Mr Lowth were unclear on Monday. Mr Lowth's retirement will come with Deutsche Telekom and the Indian billionaire Sunil Bharti Mittal collectively holding more than a third of BT's shares. Their respective intentions towards their stakes may help shape the company's medium-term future, with Openreach - BT's infrastructure arm - accelerating its rollout of full-fibre broadband across the UK. BT said: "As part of its business-as-usual activity, the BT board undertakes regular succession planning to ensure it is preparing appropriately for the future." Read more from Sky News: The company declined to comment on details of the process to identify Mr Lowth's successor. On Monday morning, shares in BT were trading at about 198.7p, giving it a market value of about £20bn.
