Nearly two weeks earlier than expected, Starbucks (NASDAQ: SBUX) on Monday said Laxman Narasimhan has assumed the role of CEO and joined the company's board of directors. Narasimhan takes the reins from Howard Schultz, who is ending his third stint in the top job. Narasimhan was named the company’s incoming...

Driven by pricier crude oil, Saudi Arabian Oil Co. (Aramco) reported its biggest annual net income as a listed company with earnings of $161.07 billion in 2022. The figure represented a 46.5% increase from the $110 billion Aramco registered in 2021. Aramco is the world’s largest state-owned entity and 2nd...

Emmett Shear, CEO of Amazon-owned Twitch, has announced that he will be stepping down from his role as chief executive, which he co-founded over 16 years ago. Amazon acquired Twitch, known for its community of video game enthusiasts, for almost $1 billion in 2014. Twitch is most known as a...

In an email to staff, Amazon CEO Andy Jassy announced another round of layoffs at Amazon — this time resulting in 9,000 Amazon employees losing their jobs. The affected departments include its highly profitable cloud computing unit Amazon Web Services (AWS), Twitch (the gaming platform Amazon owns), Amazon's advertising, and...

As of March 20, 2023, Vicky Safra was the wealthiest person in Brazil, with an estimated net worth of 16.6 billion U.S. dollars, followed by Jorge Paulo Lemann (No. 2, $15.4 billion), Eduardo Saverin (No. 3, $11.1 billion); and Marcel Herrmann Telles (No. 4, $10.3 billion). Carlos Alberto Sicupira is the...

As of March 20, 2023, Zhong Shanshan was the wealthiest person in China, with an estimated net worth of 66.5 billion U.S. dollars, followed by Zhang Yiming  (No. 2, $45.0 billion), Ma Huateng (No. 3, $35.5 billion); and Colin Zheng Huang (No. 4, $32.4 billion). William Lei Ding is the fifth-richest person in China,...

As of  March 20, 2023, Renata Kellnerova was the wealthiest person in the Czech Republic, with an estimated net worth of 16.4 billion U.S. dollars, followed by Daniel Kretinsky (No. 2, $9.2 billion), Karel Komarek (No. 3, $8.1 billion); and  Pavel Tykac (No. 4, $7.9 billion). Radovan Vitek is the fifth-richest person in the...

As of March 20, 2023, Giovanni Ferrero was the wealthiest person in Italy, with an estimated net worth of 38.7 billion U.S. dollars, followed by Giorgio Armani  (No. 2, $11.0 billion), Massimiliana Landini Aleotti (No. 3, $6.7 billion); and Silvio Berlusconi  (No. 4, $6.6 billion). Sergio Stevanato is the fifth-richest person in Italy,...

As of March 20, 2023, Carlos Slim Helu was the wealthiest person in Mexico, with an estimated net worth of 87.8 billion U.S. dollars, followed by German Larrea Mota Velasco (No. 2, $25.5 billion), Ricardo Salinas Pliego (No. 3, $10.7 billion); and Alejandro Bailleres Gual (No. 4, $7.2 billion). Maria Asuncion Aramburuzabala is...