Shares of Japanese optics giant Olympus Corp. dropped significantly on Monday following the announcement that CEO Stefan Kaufmann had resigned due to a drug-related accusation. Data from LSEG showed that the company’s stock fell by 5.3% on the Tokyo Stock Exchange in response to the news. Despite the drop, Olympus...

Kristo Käärmann, founder and CEO of the money transfer service Wise, has been fined $453,760 by the Financial Conduct Authority (FCA) for neglecting to inform the regulator about a tax default. The FCA reported on Monday that Käärmann had failed to disclose a previous fine imposed by HM Revenue and...

For the first time, ByteDance founder Zhang Yiming has taken the top spot as China’s richest individual. Zhang’s net worth surged to $49.3 billion, putting him ahead of former leader Zhong Shanshan, the chairperson of Nongfu Spring, whose wealth declined by 24% to $47.9 billion after facing a public backlash...

Living paycheck to paycheck might typically bring to mind lower-income households, yet recent data shows that around 20% of US households earning over $150,000 a year are also in this position. This finding comes from a new Bank of America analysis, which examined anonymized banking accounts and spending habits of...

The net worth of China’s wealthiest individuals took a major hit this past year due to economic challenges and declining stock markets, according to data from the Hurun Research Institute. Specifically, 1,094 individuals across mainland China, Hong Kong, Taiwan, and Macau held personal fortunes exceeding $700 million as of August...

Despite a sluggish economy, the Netherlands’ wealthiest have seen their fortunes grow, with the top 500 individuals amassing a combined wealth of around $273 billion, marking a 5% increase from last year. This growth rate far outpaces the country’s 2023 economic expansion of 0.2% and inflation rate of 4.1%. Charlene...

Vietnam’s wealthiest businessman, Pham Nhat Vuong, and his company Vingroup have unveiled a new venture capital fund, VinVentures Capital Fund, aimed at accelerating growth in artificial intelligence and digital innovation across Vietnam and neighboring markets. The fund, backed by $150 million, will primarily target high-tech sectors such as AI, semiconductors,...

International banking is a sector where the relationship between legality and discretionary freedom is significant. When managed wisely, it can serve as a secure place to store wealth and even help grow investments. It's important to understand that the benefits of international banking are not just for wealthy individuals; with...

Leadership is about juggling multiple responsibilities—setting goals, driving performance, managing conflicts, and inspiring others. But amid these tasks, there's one critical element that leaders often overlook: clarity. Why Clarity Matters Clarity is the foundation of effective leadership. It ensures that teams know exactly what they need to do, why it matters,...