archiveMega-Rich Insider

Wilhelmsen Ship Management has announced the retirement of Carl Schou after nearly two decades of service, including 16 years as CEO. Schou’s tenure was marked by the company’s navigation through industry challenges, with a focus on safety, innovation, and growth. Haakon Lenz, the current Chief Operating Officer, is set to...

Nvidia’s artificial intelligence (AI) chips are seeing unprecedented demand, according to CEO Jensen Huang, who characterized the surge as overwhelming during a recent televised appearance. Huang's remarks came during an interview, where he discussed Nvidia's extended collaboration with IT consulting giant Accenture. The two companies announced a joint effort to...

In a rapidly evolving work environment, artificial intelligence, and especially generative artificial intelligence, is no longer a distant concept but an essential player in reshaping industries. Nick Smith, CEO and Founder of Sailes, emphasizes the importance of AI as a partner, not a replacement for human labor. His insights offer...

The cooling market in developing economies is projected to grow from approximately USD 300 billion annually to over USD 600 billion by 2050, according to a report released today by the UN Environment Programme (UNEP)-led Cool Coalition and the International Finance Corporation (IFC). The report indicates that Africa will see...

Oil prices took a downturn on Thursday, reversing earlier gains, after reports surfaced that Saudi Arabia, the leading global crude exporter, was preparing to ease its focus on maintaining a price target, setting the stage for an increase in production. By mid-morning, Brent crude had declined by $1.27, or 1.7%,...

As a CEO, you’re no stranger to the pressure to maintain a high-performance environment. However, emotional resilience is a crucial component of leadership that often gets overlooked when pursuing success. In today’s fast-paced, high-stakes corporate world, ensuring your team is emotionally resilient is just as important as meeting financial targets. It’s...

Traditional hierarchical structures are becoming obsolete in today’s fast-paced work environment, with their limitations in fostering innovation, quick decision-making, and employee engagement. Embracing peer networking as a modern management approach empowers employees, bridges the gap between leadership and operations, and unlocks the collective potential of teams. By transitioning to more...

European Commission President Ursula von der Leyen announced Thursday evening that the European Union (EU) will provide a $11 billion fund to support countries impacted by recent floods. The announcement was made during a meeting in Wroclaw, Poland, attended by Polish Prime Minister Donald Tusk, as well as the prime...

Building decarbonization is becoming a major focus for U.S. companies as they ramp up efforts to combat climate change, according to a recent survey conducted by Carrier Global Corporation. The survey, which gathered responses from over 200 C-suite executives, revealed that 83% of U.S. executives plan to increase their sustainability...

A crew led by tech mogul Jared Isaacman returned to Earth early Sunday morning, concluding a groundbreaking five-day space expedition that took them farther from the planet than anyone has ventured since the Apollo missions. The SpaceX crew, consisting of Isaacman, two company engineers, and a former Air Force Thunderbird...