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Summers to step back from public roles amid Epstein links

Financial Express Mumbai

|

November 19, 2025

FORMER HARVARD PRESIDENT Larry Summers said he plans to step back from his public commitments after his correspondence with the late disgraced sex offender Jeffrey Epstein was made public by US lawmakers.

- PIERRE PAULDEN

“I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Epstein,’ Summers, who was US Treasury secretary from 1999 to 2001, said on Monday.

Financial Express Mumbai से और कहानियाँ

Financial Express Mumbai

Rapido breaches ₹1K-cr revenue mark in FY25

BENGALURU-BASED RIDE-HAILING UNICORN Rapido posted operating revenue of ₹934 crore in FY25, a 44% increase from ₹648 crore in the previous fiscal, according to consolidated financials accessed from the Registrar of Companies.

time to read

1 min

January 21, 2026

Financial Express Mumbai

Financial Express Mumbai

Markets log worst day in 8 months on weak earnings

INVESTOR WEALTH ERODES ALMOST ₹10 LAKH CRORE

time to read

2 mins

January 21, 2026

Financial Express Mumbai

Netflix amends Warner Bros deal to all cash

NETFLIX REACHED AN amended, all-cash agreement to buy Warner Bros. Discovery Inc’s studio and streaming business as it battles Paramount Skydance to acquire one of Hollywood’s most iconic entertainment companies.

time to read

1 mins

January 21, 2026

Financial Express Mumbai

India among top investment hubs

13% of global CEOs prefer higher investments in country: PwC survey

time to read

3 mins

January 21, 2026

Financial Express Mumbai

FM set to line up reform blitz

Tariff cuts, boost to exports, higher FDI in PSBs likely

time to read

3 mins

January 21, 2026

Financial Express Mumbai

Embassy enters Mumbai realty mkt

REALTY FIRM EMBASSY Developments (EDL) has forayed into the residential real estate market in the Mumbai Metropolitan Region (MMR) with three new projects, marking its entry into India’s most expensive housing market.

time to read

1 mins

January 21, 2026

Financial Express Mumbai

AI anxiety grips millennials, Gen Z

AS AI TRANSFORMS workplaces, a Randstad survey says employers are optimistic but Gen Z is anxious, fearing automation will reward firms more than workers

time to read

1 min

January 21, 2026

Financial Express Mumbai

Jute Commissioner tightens raw jute stock limits

THE JUTE COMMISSIONER has reduced the permissible stock-holding limits for raw jute by traders and mills with immediate effect, amid a surge in prices to around ₹13,000 per quintal officials said.

time to read

1 min

January 21, 2026

Financial Express Mumbai

Rethink amid fragmented supply chains

The prevailing ad-hoc tariff-centric responses to geopolitical volatility are insufficient to guarantee sustained economic security and domestic resilience

time to read

3 mins

January 21, 2026

Financial Express Mumbai

Lodha to invest ₹1L cr more in Maha

Developers will invest ₹1.3 lakh crore to build a 2.5 gigawatt data centre park near Mumbai as part of its strategy to expand business.

time to read

1 mins

January 21, 2026

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