archiveUltra Rich Insider

As of early 2024, nine countries possess nuclear weapons, some legally and some not so legally, with an estimated 12,121 warheads among them. The Nuclear Nonproliferation Treaty (NPT) officially recognizes five nations as nuclear-armed states: the United Kingdom, China, France, the United States, and Russia. Notably, Russia has the most...

In response to recent developments, including Broadcom's acquisition of VMware, Nutanix is revising its internal strategies. Nutanix CEO Rajiv Ramaswami emphasized the urgency of these adjustments. Ramaswami noted that customers were uncertain about the implications of the acquisition, which closed last November. By May, customers had observed changes in pricing,...

Jesper Kristensen, the long-serving CEO of Unifeeder Group, has decided to step down from his position. Additionally, Kristensen has resigned from his role as Chief Operating Officer of DP World Marine Services, a position he held since 2021. Martin Gaard Christiansen will succeed Kristensen, overseeing Unifeeder's operations in Europe, the...

According to McKinsey's latest ConsumerWise Survey, consumers in key Asia-Pacific (APAC) markets have become increasingly cautious and thoughtful in their spending habits since the beginning of the year. The report indicates a trend of trading down as consumers seek to save money, although selective splurging continues. Consumer confidence remains higher...

Burberry's shares plummeted over 15% in early trading on Monday following a disappointing first-quarter performance that led the company to issue a profit warning, replace its CEO, and suspend its dividend. The British luxury giant, which has been in operation for 168 years, announced that if the current trading slowdown...

In this ever-evolving technological era, business leaders are increasingly turning to tools like artificial intelligence (AI) to navigate the challenges of a tight labor market, inflation, and changing consumer preferences. While AI is a game changer, it has yet to rival human empathy, compassion, or gratitude. I am currently working...

Recent financial data from Roy Morgan's Wealth Report indicates that Macquarie Bank boasts the wealthiest customers among the larger banks, with a per capita net wealth of $943,000 as of March 2024. Macquarie's clientele not only enjoy higher incomes than those of other major banks but are also more likely...

Justin Bieber, the famous pop star, entertained some of India's most notable celebrities during the ongoing wedding celebrations for Anant Ambani, son of Asia's wealthiest individual, Mukesh Ambani. The festivities are part of a series of extravagant events leading up to the three-day Hindu ceremony scheduled to begin on July...

With smartphones, we now have the ability to monitor our physical activity, purchase plane tickets, and conduct business discussions with colleagues from anywhere in the world. However, when it comes to accessing public services, the process is far from being seamless. For example, in the US, only two percent of...

North American lithium producer Sayona Mining has appointed Lucas Dow as the new Managing Director and CEO, succeeding interim CEO James Brown. Dow, a seasoned mining executive with extensive experience in leading resource organizations, initially joined Sayona's board as a non-executive director on February 14. Dow acknowledged the significant contributions...