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Who is Akshata Murty? The mega rich wife of UK Prime Minister Rishi Sunak



Akshata Murty is an Indian-born businesswoman who is believed to be worth over $2 billion

When Akshata Murty was studying at Stanford University, she met Rishi Sunak, who was studying as part of the prestigious Fulbright Scholarship.

The pair became close friends, and eventually began dating. Within four years, they got married.

At the time, Murty’s father says he found Sunak “to be all that you described him to be—brilliant, handsome and, most importantly, honest”.

Akshata is the daughter of Infosys co-founder Narayana Murthy, who has been dubbed the ‘Bill Gates of India’.

Today, his daughter has a stake in the company, which makes her an heiress to a fortune worth billions.

This makes her widely regarded as one of the most successful businesswomen in India.

Akshata Murty has a fortune worth more than King Charles III.

Infosys is a technology company, which prides itself on digital services and consulting services.

Akshata is widely believed to hold a 0.9 per cent stake in the company, which has led her to a fortune of £730 million.

This makes the Indian billionaire richer than Queen Elizabeth II, whose fortune was placed at £370 million before her death.

However, she has previously come under fire for not paying her fair share of tax.

In fact, she claimed non-domiciled status, which meant she did not pay local tax on her overseas income.

But she gave up this status when her husband became UK Chancellor in 2020.

“I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family,” she said.

Her husband, Rishi Sunak becomes the youngest UK Prime Minister in two centuries.

He said he comes to the job at a time when the UK is facing “a profound economic challenge”.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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How has the hospitality industry changed since the onset of the coronavirus pandemic?



Many global issues continue to have an impact on multiple sectors of the economy—including the hospitality industry.

Since the onset of the coronavirus pandemic, how has the hospitality industry changed ?

Numerous international challenges including inflation, worker shortages, the Russia-Ukraine war and rising tensions between the United States and China—continue to have an impact on many sectors of the economy—including the hospitality industry.

According to the 2023 State of the Restaurant Industry report, the foodservice sector is forecast to reach $997-billion in sales in 2023—driven in part by higher menu prices.

So, how has the hospitality industry changed since the onset of the coronavirus pandemic?

Priya Krishna, a food reporter with The New York Times joins us to discuss. #PriyaKrishna #thenewyorktimes #food #hospitality #economy #veronicadudo #business

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Why are restaurants adding service charges amid rising prices?



American diners across the nation may be bewildered by an unfamiliar charge at the bottom of the check—a“service charge,”tacked on with little explanation.

So, why are restaurants adding service charges amid rising prices?

You’ve probably noticed it’s a lot more expensive to go out to eat.

The post-covid world is still working try and get back to pre-pandemic economic output.

And the hospitality industry is no different.

An increasing number of restaurants have added service charges of up to 22%—or more—in recent years in to keep up with rising costs.

So, are these changes in the hospitality industry a byproduct of the coronavirus pandemic?

Priya Krishna, a food reporter with The New York Times joined us to discuss. #hospitality #restaurants #PriyaKrishna #veronicadudo #inflation #pandemic #economy #thenewyorktimes

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China and the U.S. now caught up in a deadly game



As the U.S. and Chinese defence bosses spoke in Beijing, many in the room realised one thing – the two are far from ready to talk.

A thinly veiled criticism of the United States was delivered by Chinese Defence Minister General Li Shangfu.

In his first public statement to an international audience since becoming defence minister in March, Li highlighted China’s Global Security Initiative, a set of foreign policy principles and directions in line with Beijing’s style of diplomacy, which was announced in April last year by Chinese President Xi Jinping.

“It practises exceptionalism and double standards and only serves the interests and follows the rules of a small number of countries,” he told Asia’s biggest defence conference.

Among them are opposition to unilateral sanctions and economic development as a means of stemming instability and conflict.

“Its so-called rules-based international order never tells you what the rules are, and who made these rules,” Li said in a speech to the Shangri-La Dialogue in Singapore, without naming the US or its partners.

#featured #china #li shangfu #south china sea #taiwan

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