Zhang Yiming, cofounder of TikTok's parent company ByteDance, has overtaken Zhong Shanshan, Chairman of beverage giant Nongfu Spring, to become the richest person in China. Zhang, 40, has secured the top spot with a net worth of $45.6 billion, slightly ahead of Zhong’s $43.3 billion. Zhang stepped down as chairman...

PwC Canada and Amazon Web Services (AWS) have launched the "Jump Start Your Career" program, an initiative aimed at fostering the next generation of cloud engineering professionals in Canada. This program will provide 125 final-year university students across the country with fully funded AWS certifications, mentorship from PwC experts, and...

Mark Zuckerberg, CEO of Meta — the parent company of Facebook, Instagram, Threads, and WhatsApp — is on the brink of becoming the world's richest individual for the first time. His net worth has soared by $51 billion in 2024, reaching an estimated $179 billion. Zuckerberg is now the fourth-richest...

Mike Sneesby, Chief Executive of Nine Entertainment, is set to step down within weeks following a challenging year for the company marked by allegations of misconduct and bullying in its newsrooms. The broadcaster and publishing giant announced to the ASX that both Sneesby and the board had agreed it was...

Norfolk Southern announced Wednesday that it had dismissed CEO Alan Shaw due to an inappropriate relationship with a subordinate. The decision came just days after the company's board began investigating Shaw over alleged ethical misconduct, concluding two challenging years in his leadership role. The Atlanta-based railroad revealed that Shaw's relationship...

Nvidia Corporation (NVDA) shares jumped by 8% on Wednesday after CEO Jensen Huang revealed that the company is experiencing unprecedented demand for its products. Speaking at the Goldman Sachs Communacopia + Technology Conference, Huang emphasized that Nvidia's infrastructure is currently "completely sold out" as customers worldwide seek to bolster their...

Schroders has officially announced Richard Oldfield, the company’s current chief financial officer, as the successor to Peter Harrison in the role of chief executive officer. The transition was confirmed in a stock exchange filing on 10 September. Peter Harrison had disclosed his plans to retire in April, triggering a comprehensive...

China and Latin American countries are joining forces to address human rights challenges and foster development, officials and experts emphasized at the first China-Latin America and Caribbean States Roundtable on Human Rights held in Rio de Janeiro on Tuesday. The event, organized by the China Society for Human Rights Studies...

As Starbucks faces declining sales and shifts towards a more digital business model, the company's new CEO, Brian Niccol, has unveiled a plan to steer the brand back to its roots. His strategy? Comfortable chairs and a return to the traditional coffeehouse atmosphere that made Starbucks a community hub. On...