The high cost of flying in and out of Darwin has once again come under scrutiny as Airport Development Group (ADG), the facility’s owner, moves to increase landing fees. This decision is expected to exert further upward pressure on airfares, adding to the financial burden on travelers. Darwin has long...

Prometheus Hyperscale, a developer of sustainable data center infrastructure, has appointed former BP CEO Bernard Looney as its chairman. Looney, who departed BP in September 2023, joins the company as it pursues ambitious plans to build a 1GW hyperscale data center campus in Wyoming. Looney explained on LinkedIn that he...

Subway, one of the world’s largest restaurant chains, has announced that Global Chief Executive Officer (CEO) John Chidsey will retire at the close of 2024, concluding five years of transformative leadership. During this period, the company saw substantial growth and innovation under his guidance. Carrie Walsh, currently serving as President...

Ven Ajahn Siripanyo, the sole son of Malaysian billionaire Ananda Krishnan, chose to forgo his inheritance of a $5 billion empire to dedicate his life to monasticism. Ananda Krishnan, among Malaysia’s wealthiest individuals, oversees a vast business empire spanning telecommunications, satellites, oil, real estate, and media. Ajahn Siripanyo, born into...

Europe’s largest food retailer, Carrefour, expressed regret that its pledge to exclude South American meat from its shelves in France had been interpreted as undermining its partnership with Brazilian agriculture. In a statement, Carrefour emphasized that nearly all the meat it sold in France was sourced domestically, while the meat...

Samsung Electronics announced significant leadership changes within its semiconductor division on November 27, reshuffling top executives in its memory and foundry units. Despite these changes, Vice Chairmen Jun Young-hyun and Han Jong-hee will continue to share leadership responsibilities. This reorganization, part of Samsung’s annual executive overhaul for 2025, is designed...

Mondee Holdings, Inc. (Nasdaq: MOND), a prominent travel marketplace and AI technology firm, disclosed that it has received a notification from the Nasdaq Stock Market’s Listing Qualifications Department. The notice, dated November 20, 2024, indicated non-compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely filings with the U.S. Securities and...

JP Morgan CEO Jamie Dimon predicted that advancements in artificial intelligence (AI) could significantly enhance work-life balance, potentially reducing the average workweek to 3.5 days in the near future. While acknowledging the potential for job displacement during this transition, Dimon emphasized the long-term benefits of technological progress. He noted that...

BP, in collaboration with its partners, has approved a $7 billion investment in the Tangguh Ubadari, CCUS, and Compression (UCC) project in Papua Barat, Indonesia. This development is set to unlock approximately 3 trillion cubic feet of additional gas resources, aiming to address Asia’s growing energy demands. The announcement was...