Google reportedly expanded its office presence in Miami this year after two of its co-founders purchased houses in South Florida.

Alphabet, the parent company of Google, signed a lease expanding its existing 10,000-square-foot satellite office in Miami’s financial district by an additional 45,000 square feet, two people familiar with the matter told Bloomberg News.

The outlet reported that the expansion was driven in part by the recent home purchases in the area by Google co-founders Larry Page and Sergey Brin – two billionaires who have bought homes outside of California and relocated business entities out of the Golden State as voters weigh a billionaire tax on this fall’s ballot.

Google first opened an office in Miami in 2016 and the expansion will increase its presence in Florida – though the South Florida office remains much smaller than the corporate headquarters at its Mountain View campus in California, which has over 10 million square feet of space, and its 1.7 million-square-foot Hudson Square campus in New York.

GOOGLE CO-FOUNDER RIPS CALIFORNIA BILLIONAIRE TAX: ‘I FLED SOCIALISM’

Page and Brin left their roles as executives in 2019 but remain on Google’s board. Brin has reportedly taken an active role in shaping the company’s initiatives around artificial intelligence (AI).

A report from earlier this year by the Wall Street Journal noted that Page bought a waterfront compound for $101.5 million in December as well as a nearby home for $71.9 million, which he bought in early January, while Brin was reportedly closing in on a purchase at that time as well.

Bloomberg’s report said that Brin bought a $51 million waterfront home in Miami Beach shortly after Page’s purchase.

LARRY PAGE DROPS $173M ON MIAMI MANSIONS AMID CALIFORNIA BILLIONAIRE EXODUS TREND AS WEALTH TAX LOOMS

Brin was also linked to the purchase of a $42 million mansion on the Nevada side of Lake Tahoe in December.

The moves occurred as California voters will vote on a proposed one-time wealth tax on billionaires this November.

The proposed constitutional amendment would levy a one-time, 5% wealth tax on taxpayers and trusts with over $1 billion in covered assets for the purpose of funding the state’s healthcare and food assistance programs, as well as public education.

GOOGLE CO-FOUNDER SERGEY BRIN JOINS CALIFORNIA EXODUS: REPORT

Ticker	Security	Last	Change	Change %
GOOGL	ALPHABET INC.	348.35	+1.20	+0.35%

Assets covered by the tax would include businesses, securities, art, collectibles, and intellectual property – though real property, pensions and certain retirement accounts would be exempt.

If passed, the tax would apply retroactively to taxpayers who lived in California as of Jan. 1, 2026, with the tax due with 2027 tax filings.

Taxpayers could pay the tax in five equal installments, with subsequent payments subject to an annual deferral charge of 7.5% of the balance that remains unpaid.

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Stormont’s economy minister is to develop plans to make compensation a legal right for households which lose electricity supplies during extreme weather.

That is despite the independent Utility Regulator saying it is not the right time to do so.

The regulator said money could be better spent making the electricity network more resilient to severe weather.

It also raised concerns that compensation costs could be passed through to all consumers via higher electricity bills.

Northern Ireland is currently the only part of the UK which does not have a compensation scheme.

The grid owner, NIE Networks, is exempted from meeting usual supply standards during periods of severe weather.

That led to humiliation for Executive ministers in the wake of Storm Éowyn last year.

The first and deputy first ministers had called for NIE Networks to make voluntary compensation payments, but it declined to do so.

The minister, Caomihe Archibald, said: “Storm Éowyn highlighted the need for stronger protections for customers affected by prolonged power outages.

“I have therefore instructed my officials to bring forward policy proposals to remove the severe weather exemption, while minimising costs for all consumers.”

She added that “detailed proposals” will be brought forward before next year’s Assembly election.

At this stage it is not clear how much compensation would be on offer and to what extent it be funded by NIE Networks shareholders and how much of it would be socialised across all customers’ bills.

“Policy costs” have become an increasingly large element of electricity bills.

These are parts of the bill which do not reflect electricity usage but instead are funding policies such as renewable electricity subsidies.

While the newly demerged Vedanta stocks grab the headlines with sharp upswings and downswings, the shares of the metals major Vedanta quietly fell more than 26% from its post-adjustment high in just two months, with analysts still advising caution.

The shares of the company adjusted nearly 63% at the end of April this year, as it began to trade excluding the value of Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Steel & Iron Ore units. The stock adjusted to the mega demerger that marked one of the biggest corporate restructurings in India’s metals and mining space.

After the demerger adjustment, the stock jumped over 24% in less than a month to hit a post-demerger high of Rs 360 apiece at the end of May. However, what followed was a consistent trend of decline, falling 26% to close at Rs 264.95 apiece on Tuesday. The stock has now erased all its post-demerger gains, and trades below the price at which it opened following the adjustment. At the same time, Nifty Metal crashed over 9% amid an overall downtrend in metal stocks.

Meanwhile, the four new stocks that debuted on the stock market following the demerger saw sharp upswings and downswings. Vedanta Iron and Steel has emerged as the winner in terms of gains, rising over 55% in 2026 so far. The restructured Vedanta meanwhile continues to house the zinc and silver businesses through Hindustan Zinc and is envisaged as an incubator for future ventures.

Recently, CRISIL upgraded Vedanta’s long-term rating to CRISIL AA+/Stable from CRISIL AA/Watch Developing and reaffirmed its short-term rating at CRISIL A1+. It also assigned a CRISIL AA+ rating with a Stable outlook to the company’s non-convertible debentures.

The ratings agency also said Vedanta’s financial risk profile has improved significantly due to the continued consolidation of Hindustan Zinc and the allocation of debt to the demerged entities. It added that lower leverage, sustained earnings and cash flows from HZL, along with the market value of Vedanta’s investment in HZL, have strengthened the company’s financial flexibility. Over the medium term, the expected ramp-up in Zinc International and improving contributions from the copper and ferro alloys businesses are expected to support earnings.
Also read | Vedanta, demerged Vedanta Aluminium, Vedanta Oil & Gas get rating upgrades from CRISIL

Is it time to buy Vedanta shares?

The sharp drop in Vedanta’s share price has come on the back of an improving operating backdrop, not a deteriorating one, said Harshal Dasani, Business Head at INVasset PMS. Hindustan Zinc earlier this month reported its highest-ever first-quarter mined metal production of 268 kilotonnes, the fifth consecutive year of Q1 records, with saleable metal up 4%.
The company’s consistent tradition of dividend payouts for investors confirms the cash upstreaming engine is running, Dasani added. In this background, the analyst feels that the correction in Vedanta’s share price reflects profit-booking after the post-listing euphoria across the demerged family, holders rotating into the growth entities they actually wanted, and the permanent holding-company discount that reflects the parent’s dividend dependence.

Investors will now look at Hindustan Zinc’s Q1 earnings print scheduled on July 24 as the next catalyst for Vedanta shares, and the medium-term zinc surplus from China remains the structural cap on realisations into 2027, the analyst said. “The framework favours staggered accumulation for income-oriented investors comfortable with commodity concentration, with the dividend stream providing genuine support at the corrected price, and the discipline that this is a metals-cycle position carrying a permanent holding company discount, not a diversified holding. Investors seeking the growth engines should own the demerged entities directly,” he added.

Technical view on Vedanta

The technical charts of Vedanta, however, warrant caution. Vedanta shares have witnessed a pullback from their 200-day EMA, but the stock continues to trade below its key moving averages and has yet to negate the lower high–lower low structure on the daily chart, keeping the broader trend bearish, said Sudeep Shah, Head of Technical and Derivatives Research by SBI Securities.

The MACD remains well below the zero line, reinforcing the prevailing negative momentum, he explained, adding that the stock has retraced more than 78.6% of its prior rally from Rs 238 to 360, suggesting that it is still premature to classify the recent pullback as a trend reversal.

“The Rs 250–245 zone is likely to provide immediate support. A decisive breach below this range could trigger another leg of downside. On the upside, the Rs 275–280 zone, which coincides with the 100-day EMA, is expected to act as the immediate resistance,” Shah said.

Also read |Have metal stocks’ dependence moved from Chinese apartments to world’s power grid? 5 metal stocks with upside potential of up to 34%

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Major reforms are planned to shake up house selling in England, Wales and Northern Ireland.

The government hopes the plans could end gazundering and gazumping and make buying and selling homes faster, cheaper and less likely to fall through.

Gazumping happens when a seller switches buyer at the last minute, usually because someone else can pay more, gazundering is where a buyer suddenly drops their agreed offer just before contracts are exchanged.

One in three house sales fall through before exchange. This costs sellers £400m and the wider economy £1.5bn each year, according to the Ministry for Housing, Communities and Local Government.

Plans to reform the system include the introduction of a sellers’ pack, similar to the system operating in Scotland.

Felicity Hannah is joined by Nathan Emerson, the CEO of PropertyMark (a professional body for property agents) and David Bridge, Head of Conveyancing at the Dorset-based solicitors Kiteleys .

Presenter: Felicity Hannah
Producer: Craig Henderson
Production co-ordinator: Jacqui Johnson
Editor: Jess Quayle
Senior News Editor: Sara Wadeson

(This programme was first broadcast at 3pm on Wednesday July 22nd, 2026)

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Lloyd’s of London’s former boss’s close relationship with another director breached compliance rules, the insurance market has said after an internal investigation.

Former chief executive John Neal and former corporate affairs director Rebekah Clement’s relationship was “sufficiently close… that it could be viewed as creating a perceived conflict of interest”, the firm said.

Lloyd’s said the pair breached compliance rules by not disclosing their relationship but found no conclusive evidence they had a romantic relationship while at Lloyd’s.

Neal told the Financial Times all parties can now move on. Clement’s lawyer said she is considering legal action.

“Rebekah is hugely disappointed with Lloyd’s conduct over the course of this investigation, the nature and length of which have caused her unnecessary stress and significant reputational damage relative to its ‘findings’,” Clement’s lawyer added.

“She is not surprised that Lloyd’s found no evidence of an inappropriate relationship with John Neal, nor any evidence of any failings in her promotion. She also co-operated with the investigation throughout.

“Yet, Lloyd’s has still chosen to find against Rebekah, on the pretext of ‘perception’, the source of which was rumour, gossip and innuendo.”

The BBC has contacted Neal for comment. He told the Financial Times:, external “I am pleased, but not at all surprised, that the investigation found there was no inappropriate relationship.

“I would have hoped less time and resource had been spent in reaching a conclusion on the central question that was, in truth, never in doubt.

“I am disappointed with the other findings and do not accept them.”

Lloyd’s said on Wednesday that it first received “certain whistleblowing reports” in November 2023 but that it didn’t act on them.

It said its chairman Sir Charles Roxburgh judged this to be a governance failure and informed the Financial Conduct Authority (FCA) about it in October 2025.

Lloyd’s said it could not share the nature of these allegations or the identities of the people involved.

In November 2025, Lloyd’s said Sir Charles became aware of “new information related to an alleged personal relationship” between Neal and Clement and “immediately launched an expanded investigation into the matter”.

Lloyd’s said its investigation was hampered by the fact that Neal and Clement had both left the company and refused to answer questions, but Lloyd’s said it interviewed nearly 40 witnesses in its probe.

It added that it has kept the FCA informed throughout the process.

Sir Charles said on Wednesday: “Based on the findings of this investigation, we have concluded that the conduct of the former chief executive fell significantly below the standards expected of him.”

He added the investigation “established serious failings in the governance standards and in following processes, most worryingly in the handling of whistleblowing reports. These were serious failures that should never have been allowed to happen.”

Lloyd’s history as a City institution stretches back well over 300 years, with its first recorded mention appearing in 1688.

Thailand’s Trusted Thailand initiative ensures safety for travelers through a certification program and the Tourist Police app, enhancing preparedness with infrastructure, transparency, and modern technology for a reassuring travel experience.

Embracing Safety in Travel

For nearly two decades, I’ve emphasized that a prepared journey is the safest one. Thailand’s latest initiative exemplifies this belief. Launched in November 2025 by the Tourism Authority of Thailand (TAT) and the Ministry of Tourism and Sports, the “Trusted Thailand” program provides a certification assuring visitors of high safety standards in hotels, restaurants, and attractions. This initiative evaluates participants on four pillars including general safety, secure payment systems, multilingual communication, and accessible transport. Thousands of operators across diverse locations, from Bangkok to Chiang Mai, aim to be assessed under this program.

Building Trust Through Technology

Aiming to enhance transparency and visitor confidence, TAT has partnered with major booking platforms like Agoda and Trip.com to integrate Trusted Thailand certifications into their listings. Agoda has further enhanced safety by embedding QR code guides on potential hazards. This strategic safety shift places vital information within the booking process itself, ensuring travelers are well informed before their journey even begins.

Travel Preparedness Reinvented

While traditional travel instincts remain crucial, tools like the Trusted Thailand program and the Tourist Police app redefine modern travel safety in Thailand. The app, essential for on-the-ground safety, connects users with police and resources efficiently. By integrating infrastructure with Thailand’s renowned hospitality, these advancements ensure a secure and welcoming travel experience. As always, download the Tourist Police app and consider Trusted Thailand-certified accommodations for a worry-free journey.

Source : “Trusted Thailand” Is Rewriting the Rules of Travel Safety

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