The agreement allows Bill and Melinda Gates a two-year trial, after which Melinda could step back from the organisation if the pair are unable to co-operate effectively. The agreement stated that Melinda would receive personal resources from her ex-husband to continue her own charity work. The Gates Foundation is the largest private body of its […]
On Monday, private jets descended on Sun Valley in rural Idaho as the annual Sun Valley conference for tech and media leaders began. The gathering unites the tech, design, sports, and film industries each year, although last year’s event was cancelled due to the Covid-19 pandemic. This year, the five-day conference is being hosted at […]
On Monday, the Society of Motor Manufacturers and Traders (SMMT) revealed that 5,468 of the Tesla Model 3 were sold in June, catapulting it to the top of Britain's best-selling list for June. Its closest rival was the Volkswagen Golf, which it outsold by over 800 vehicles. Across Britain last month, 186,128 new cars were […]
Jeff Bezos founded multinational tech giant Amazon in 1994, out of his garage in Seattle. The company began as an online bookstore, primarily competing with local book retailers and Barnes & Noble. However, Amazon soon began to expand its services, offering convenience services to its customers. Amid the coronavirus pandemic, Amazon’s revenues grew 38%, reaching […]
July 11 will mark Virgin Galactic’s fourth test spaceflight and its first flight with a crew of four on board. Virgin Galactic founder Sir Richard Branson is aiming to beat fellow billionaire Jeff Bezos to space, with Bezos currently scheduled to make the trip on July 20. Virgin Galactic’s most recent spaceflight, on May 22, […]
82-year-old Mary Wallace “Wally” Funk, who spent six decades trying to reach space, will now join billionaire Amazon founder Jeff Bezos on the first crewed flight by his space company later this month. Wally Funk underwent training in the 1960s but was denied the opportunity for space travel due to widespread prejudices against women at […]
As Boeing’s new CFO, West will take on the challenge of leading the company out of the coronavirus crisis, which resulted in record losses of almost $12 billion for the aerospace company last year. West currently stands as the CFO of Refinitiv, a role he has held since 2018, and formerly held the position of […]
Benedetto Vigna will join the sports car powerhouse in Maranello coming from STMicroelecronics, the French-Italian semiconductor manufacturer headquartered in Geneva. Vigna, a physicist by training, rose through the ranks at STMicroelectronics by establishing the business on micromechanical systems, then going on to broader responsibilities and currently leading STMicroelectronics’ most profitable operating business which is a […]
Chris Kubasik has been serving as vice-chair, president and chief operating officer of the combined company. Before the merger, Kubasik held the role of chairman, president, and CEO of L3. He has over thirty years of experience in the aerospace and defence industry. Kubasik will now take on the role of CEO of the Melbourne, […]
Monday’s decision allowed the social media giant to cross the $1 trillion threshold in market value for the first time ever. The rising shares are a cause for celebration for shareholders and CEO Mark Zuckerberg alike. The 4.1% stock price increase has added $5.1 billion to Zuckerberg’s name. However, the federal judge’s decision and the […]
After almost five years with the British luxury brand, Gobbetti will step down at the end of 2021. He has led the company since 2017, transforming Burberry’s brand and business throughout his time. By late 2017, Gobbetti had already laid out plans to make the company more upmarket. He brought in creative chief Riccardo Tisci, […]
Musk said that it would be difficult to go public before the company’s cash flow has stabilised. However, in a tweet, he said that he would do his best to “give long-term Tesla shareholders preference.” The billionaire’s tweet came in response to a Twitter user asking whether Musk had any thoughts on a Starlink IPO […]
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