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South Korea's SK Hynix, the world's second-largest memory chip maker, plans to invest about $75 billion by 2028 to enhance its semiconductor business with a strong emphasis on artificial intelligence, according to a Sunday announcement from its parent company, SK Group. SK Group also aims to secure approximately $58 billion...

Toine Rodenburg is an e-commerce maven, entrepreneur, and international investor. Originally from the Netherlands, Toine Rodenburg became heavily involved in the emergent business trend of e-commerce, which led to his co-founding MyMalls, a leading e-commerce shipping company serving Canada, Latin America, and the Caribbean. Beyond his professional life, Toine is...

In December 2023, UBS researchers released a report detailing enterprise AI spending plans based on a survey of IT executives from around 130 organizations. The survey covered various AI components, including chips, models, cloud infrastructure, data, security, and application software. After more than six months, UBS has updated its findings,...

I recently attended the teaser soirée of Geneva Watch Days done in Zurich for 24 hours, as a prep gig for the true ‘fair’ of the Swiss Watches’ Independents, which will take place at the end of August in Geneva. In an era of bloated tech & corporate presentation, where...

In an important milestone, Tim Furey, the visionary founder of Tradeview Markets, has recently completed almost 16 years at the helm of the global financial powerhouse. Furey's journey in the finance sector has been marked by entrepreneurial tenacity and a commitment to excellence, leading Tradeview Markets to prominence in the...

At Tesco's upcoming annual meeting, the board will face shareholder scrutiny over CEO Ken Murphy's nearly $13 million pay package. Amid rising living costs, investors are increasingly challenging what they view as excessive executive compensation. Tesco, which reported an 11% profit increase for 2023/24 and saw a 15% year-on-year rise...

This week, Samsung Electronics Chairman Jay Y. Lee engaged in strategic discussions with top executives from Meta, Qualcomm, and Amazon, aiming to forge new collaborations in artificial intelligence, cloud computing, and semiconductor technology. The South Korean tech leader announced on Thursday that Lee's meetings were centered on strengthening partnerships with...

Swiss dairy leader Emmi Group has announced its plan to purchase Lucerne-based coffee roaster Hochstrasser, aiming to enhance its Emmi Caffè Latte ready-to-drink (RTD) coffee line. Since 2004, Hochstrasser has been the coffee supplier for Emmi Caffè Latte, which is available in seven European markets, including Switzerland, France, and the...

Tesla's chairperson, Robyn Denholm, is urging shareholders to approve Elon Musk's $56 billion compensation plan, emphasizing the risk of losing the billionaire CEO if he is not adequately incentivized. The vote, set for June 13th, will decide the fate of Musk’s substantial pay package, labeled as the largest ever approved...

The 2024 edition of the annual Rich List published by the Australian Financial Review (AFR) reveals that the 200 wealthiest Australians now control a staggering $625 billion, an 11% increase from last year's $563 billion. This immense wealth represents roughly a quarter of Australia's annual gross domestic product for 2023....