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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...

Michael Dell experienced the largest single-day decline in his wealth as the computer company he founded reported disappointing results, causing an 18% drop in Dell Technologies Inc. shares in New York. As a result, Dell's net worth fell by $11.7 billion to $107.1 billion, marking the most significant decrease on...

Hajime Satomi, Chairman and Group CEO of Sega Sammy Holdings, has been named one of the two pachinko industry veterans on the 2024 list of Japan's Richest 50. Satomi's fortune has gradually decreased over the years, peaking at $1.5 billion in 2007. In the meanwhile, 16 tycoons on this year's...

Hamline University has announced Susan Kerry as its new Vice President for Finance and Administration and Chief Financial Officer. Kerry, who brings 28 years of experience in higher education finance, previously held the position of Senior Vice President for Finance and Administration and CFO at Michigan Technological University. Kerry's academic...