G20 leaders are convening in Brazil for a two-day summit aimed at finalizing a global tax targeting the world’s 3,300 wealthiest individuals, with the potential to generate up to $250 billion. The proposed tax is part of Brazil’s initiative to address wealth disparities, but it has encountered last-minute resistance during...

Denmark's 20 richest families collectively increased their wealth by approximately $8.4 billion over the past year, according to the 2024 annual ranking of the country's 100 wealthiest families. The next 80 families on the list also saw their fortunes grow, though at a more modest pace, with a collective gain...

Nvidia Corporation CEO Jensen Huang made a commitment during a conversation with Indonesian President Prabowo Subianto on Thursday to work alongside local companies in developing artificial intelligence technologies in Indonesia. Huang stressed that AI would play a crucial role in both industrial progress and societal transformation. He assured that Nvidia,...

Turkey's exports to G-20 countries have witnessed a remarkable increase of nearly 37% from 2019 to 2023, nearing a total value of $100 billion, according to recent data compiled by Anadolu University (AA). This surge underscores Turkey's growing influence in the global economy, with the G-20 countries collectively representing about...

Citycon Oyj's Board of Directors has made a unanimous decision to appoint Oleg Zaslavsky as the company's new CEO, with his tenure set to begin by April 2025. Zaslavsky will be stationed in Helsinki, Finland, while F. Scott Ball will remain as the interim CEO until Zaslavsky officially steps into...

California Governor Gavin Newsom and his wife have recently moved their family to an affluent part of the state, where all four of their children are now attending schools in Marin County. While Newsom plans to maintain his six-bedroom, $3.7 million home in Fair Oaks, Sacramento, he and his wife,...

Kaivalya Vohra, the 21-year-old co-founder of Zepto and one of India's youngest billionaires, is overseeing an ambitious growth strategy that comes with a hefty price tag. In recent months, Zepto's monthly cash burn has soared to approximately $30 million as the quick-commerce startup intensifies its rivalry with major online grocery...

Garuda Indonesia, the country's flagship airline, has appointed Wamildan Tsani Panjaitan as its new CEO. The decision was finalized during a special shareholders meeting, with hopes that his leadership will steer the financially troubled airline towards stability. Panjaitan, who previously held a senior position at Lion Air, officially took on...

Joey Wat, the CEO of Yum China—owner of KFC, Pizza Hut, Taco Bell, and other fast-food brands—has a unique strategy for developing new products. She spends hours inside Yum China restaurants, observing customers as they eat. Speaking at the 2024 Fortune Global Forum in New York City, Wat revealed that...