Jensen Huang, CEO and co-founder of Nvidia, saw his fortune increase by nearly $12 billion on Wednesday, July 31, following a historic day for the company. This remarkable gain surpasses the $9.6 billion he added on February 22 when Nvidia’s shares soared after a robust earnings report, as reported by...

Starting mid-August, Douglas Group, a major European beauty retailer, will see Sebastiaan de Jong, formerly CEO of Etos and a veteran of Ahold, step in as the new CEO for the Netherlands and Belgium (Benelux). This transition follows the departure of the current regional head, Willem Duthler, who is stepping...

Airbus CEO Guillaume Faury announced significant changes to the company's Space business following notable charges that impacted the second quarter financial results, as detailed on July 30. In its first-half results for 2024, Airbus reported a 4% year-over-year increase in consolidated revenues, attributed to higher commercial aircraft deliveries and increased...

Delta Air Lines CEO Ed Bastian revealed on Wednesday that the recent IT outage, which left thousands of customers stranded, will cost the airline $500 million. This figure includes lost revenue and “tens of millions of dollars per day in compensation and hotel expenses” over a five-day period, aligning with...

Boeing has announced Kelly Ortberg as its new Chief Executive, selecting the former head of one of its suppliers to navigate the company through one of the most challenging periods in its history. Ortberg will commence his role on August 8 and join Boeing’s Board, concluding months of speculation following...

Robert Swaak will not serve his complete second term as CEO of ABN Amro, planning to step down in the first half of next year, according to an announcement from the bank on Thursday. The bank stated that the decision was mutually agreed upon, deeming it an appropriate moment to...

Ford has announced a significant milestone: the European Commission has given the green light for its BlueCruise hands-free driving technology to be utilized across 15 countries in Europe. This marks a notable expansion for the technology, which will now cover over 82,744 miles of designated highways. The recent approval follows...

Donald Bren, Chairman of Irvine Company, leads a group of six prominent real estate developers and investors in Orange County, with a combined net worth of $47 billion. Bren, who is the richest person in Southern California and the largest real estate developer in the U.S., has a personal wealth...

A recent survey by Applied, an ethical hiring platform, revealed that 36% of Gen Z employees feel they have faced discrimination during the hiring process. This contrasts with only 12% of older workers who reported age discrimination when seeking employment. This research comes amidst reports from the British Chambers of...