World

Eleven of the world’s wealthiest people met in secret this month to discuss the future of charitable donations in the light of the economic downturn. Multi-billionaires Warren Buffett and Bill Gates were in attendance, as were New York mayor Michael Bloomberg, media magnate Ted Turner and currency speculator George Soros. The group, whose combined wealth exceeds $120bn (£76bn) met in early May to discuss how to maintain levels of charity, despite the dent to the wallets of the wealthy from the recession.