Alice Walton’s brief reign as the world’s richest woman ended Thursday when Francoise Bettencourt Meyers, the heiress to the L’Oréal fortune, regained the top spot. Meyers saw her net worth surge to $93.1 billion, surpassing Walton’s $90.4 billion, following a strong rally in European luxury stocks tied to a Chinese...

Elon Musk, CEO of Tesla, voiced strong disapproval over reports that OpenAI, the company behind ChatGPT, may be planning a shift from its original non-profit structure to a profit-driven model. According to Musk, this kind of transformation could be in violation of legal standards. His reaction came Thursday in response...

Bernard Arnault, the influential head of LVMH, briefly slipped into the ranks of the world’s wealthiest individuals but quickly regained his position as the fifth-richest person. After shedding approximately $54 billion due to a slump in the luxury market, Arnault bounced back. Both the drop and the recovery in Arnault’s wealth...

After 17 years with TUI, Andrew Flintham is set to leave the company to become the managing director of British Airways Holidays. Flintham will take over from Claire Bentley, who will retire at the end of October after a 24-year tenure. In a broader restructuring of TUI’s global operations, Neil...

Mira Murati, OpenAI’s Chief Technology Officer, has announced her decision to step down from the company. In a post shared on X, she explained her departure, stating that she wanted to make space for personal exploration while focusing on ensuring a smooth leadership transition. Murati’s exit comes alongside two other...

There isn’t a magic formula for closing the gaps in your data security and compliance. A company’s ability to prevent data breaches is primarily dependent on its ability to communicate internal messaging effectively throughout the organization.  Your organization is more vulnerable to a data breach if your data security procedures...

When Jerome Champigny, CEO of Tidal Force VR, embarked on a trip to Europe several years ago, he stumbled upon an experience that would set the stage for an entirely new business venture. It was there that he first encountered a multiplayer virtual reality escape room, a concept that would...

The cooling market in developing economies is projected to grow from approximately USD 300 billion annually to over USD 600 billion by 2050, according to a report released today by the UN Environment Programme (UNEP)-led Cool Coalition and the International Finance Corporation (IFC). The report indicates that Africa will see...

The global economy has steadied following years of inflation-driven turbulence and is projected to grow at a 3.2% rate over the next two years, according to a report released by the Organization for Economic Cooperation and Development (OECD) on Wednesday. The report, titled "Turning the Corner," highlighted a steady decline...