archiveChief Fiduciary Officer Insider

China's economy is experiencing a notable slowdown, prompting the Chinese government to set an ambitious economic growth target of 5.0% for 2024. This target, deemed ambitious by many analysts, may require additional stimulus measures to achieve. Following the disappointing second-quarter figures, Goldman Sachs revised its forecast for China's 2024 growth...

Jensen Huang, CEO and co-founder of Nvidia, saw his fortune increase by nearly $12 billion on Wednesday, July 31, following a historic day for the company. This remarkable gain surpasses the $9.6 billion he added on February 22 when Nvidia’s shares soared after a robust earnings report, as reported by...

Donald Bren, Chairman of Irvine Company, leads a group of six prominent real estate developers and investors in Orange County, with a combined net worth of $47 billion. Bren, who is the richest person in Southern California and the largest real estate developer in the U.S., has a personal wealth...

Food service operations impact everything from healthcare to education, and strategic leader Dr. Deisell Martinez Donahoe believes that cloud-based solutions and artificial intelligence is the adaptive partner this niche needs. Bringing balance and excellence to food service operations can positively impact the quality of life of select groups, including medical...

Deezer has announced Alexis Lanternier as its new CEO, effective 2nd September 2024. Lanternier will take over from interim CEO Stu Bergen, who’ll continue to serve on Deezer’s Board of Directors. Bergen had stepped into the interim role in March following the departure of former CEO Jeronimo Folgueira. Based at...

American athletes who secure gold medals this summer will be awarded $37,500 by the U.S. Olympic & Paralympic Committee. However, this amount is modest compared to the rewards given by other countries. Out of the 206 nations and territories participating in the Olympics, at least 33 will provide financial incentives...

A recent study highlights an unprecedented debt crisis in developing countries, where nearly half of government budgets are being allocated to debt repayments. The analysis, conducted by Debt Relief International for Norwegian Church Aid, indicates that over 100 countries are facing severe debt servicing challenges, leading to significant cutbacks in crucial...

Aliko Dangote, Africa's richest man, has abandoned plans to establish a new steel plant in Nigeria. This decision follows government concerns that his recently completed refinery could lead to monopolistic dominance in the country. Dangote Group’s President and CEO explained at a media briefing held at the Lagos refinery that...

The demographic transition reveals a significant trend, with a high percentage of young children in certain populations, reaching more than 45 percent in some countries. Knowing who children are or how they’re grouped can help us understand the current and future state of global health, wealth, education, and overall well-being....

As of July 2024, SpaceX owns and operates the most satellites orbiting Earth, with its Starlink constellation totaling 6,111 active satellites. This accounts for almost half of all active satellites in orbit. SpaceX, the California-based firm founded by Elon Musk, owns and operates Starlink. The company plans to expand its...