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Aliko Dangote, founder of the Dangote Group and Africa's richest man, has announced plans to establish a major steel production company. This development was revealed during his speech on Wednesday at the Afreximbank Annual Meetings (AAN) and AfriCaribbean Trade & Investment Forum in Nassau. Dangote emphasized the importance of domestic...

Vasiliki Petrou, the founding CEO of Unilever’s Prestige division, has announced her departure from the company. Petrou, who established Unilever Prestige in 2014, led the acquisition of 10 brands, including K18, contributing to a portfolio that achieved $1.5 billion in turnover in 2023. Notably, brands like Dermalogica and Paula’s Choice...

Have you ever wondered why some employees get promoted faster than others, especially in a remote or hybrid work setting? The answer might be closer than you think, quite literally. The Hidden Challenge of Proximity Bias  In a fascinating conversation with Bjorn Reynolds, the founder and CEO of Safeguard Global,...

Unemployment in the UK is increasing at the fastest rate among 38 of the world's wealthiest countries, according to an analysis by the Trades Union Congress (TUC). This comes ahead of official labor market figures expected to show a further rise in joblessness. The TUC's examination of data from the...

NVIDIA, a leader in the AI chip industry, has surged past Apple to become the second most valuable publicly traded company globally, achieving a market capitalization exceeding $3 trillion. This milestone, recorded on June 6, 2024, positions NVIDIA right behind Microsoft. The company's meteoric growth in market value has elevated...

South Africa’s ordinary MPs are not quite top one-percenters when it comes to their salary—but they are getting closer and are by far some of the highest-paid people in the country. Going on monthly earnings, previous data compiled by Knight Frank showed that a 1% earner in South Africa is...

Imagine yourself as the captain of a ship navigating through uncharted waters during a violent storm. Every instinct tells you to steer quickly and react impulsively to each wave, hoping to find calm seas by sheer luck. But with every hasty maneuver, your ship takes on more water, your crew...

On June 2, NVIDIA CEO Jensen Huang delivered a keynote speech at the National Taiwan University (NTU) Sports Center, where he unveiled the new Rubin architecture. He highlighted NVIDIA's accelerated rollout of new architectures. Huang discussed NVIDIA's upcoming Blackwell Ultra GPU and hinted at its continued upgrades. He then introduced...

Zurich Instruments, a leading company in quantum technology and test & measurement instrumentation, has officially announced the appointment of Andrea Orzati as its new Chief Executive Officer. Orzati is succeeding Sadik Hafizovic, the founder of Zurich Instruments, with the aim of advancing Hafizovic's vision of scaling up the company. Under...

JPMorgan was the leading investment bank globally as of June 2024 in terms of market share of revenue. Between January and June 2024, JPMorgan's revenue accounted for 9.2 percent of the global investment banking revenue. Goldman Sachs followed, with a market share of 7.3 percent. All five of the top-ranked...