BUSINESS

Zhang Yiming, co-founder of TikTok's parent ByteDance, becomes Asia's second-richest after a valuation boost to £69.1B. See how AI and strategic investments reshaped wealth rankings.

Real estate mogul Grant Cardone boosts property value and income with strategic rent adjustments. Learn why cash flow is crucial for asset maintenance and explore Cardone's wealth strategies.

Uber restructures its HR division, cutting 23% of jobs in People and Places to enhance efficiency. Despite AI's growing role, the company denies AI-driven layoffs, focusing instead on organisational streamlining and leadership changes.

Uber is implementing a major restructuring plan, cutting 23% of its People and Places division workforce to streamline operations and improve efficiency, unrelated to AI advancements.

Tom Holland's Bero non-alcoholic drinks gain attention after he reveals the shandy range was inspired by Zendaya's preferences.

Lloyds Banking Group experienced a significant IT outage on 3 June, affecting millions of customers across multiple brands for over three hours during peak business hours.

Barry Diller's People Inc. proposes a £13.3B acquisition of MGM Resorts International, highlighting AI-proof assets and digital growth amid Las Vegas Strip challenges.

Ivanka Trump says her fashion brand made $800 million a year. Public filings, expert estimates and her own disclosures suggest otherwise.

A growing class of living-artist works is being bought, stored, and valued outside public auctions, creating a private market some advisors now call the grey chip.

Investors worldwide are eager to gain exposure to SpaceX as its IPO approaches, exploring alternative routes such as ETFs and prediction markets due to limited direct access to its shares.

Meta's AI training software, designed to monitor employee activity, has raised privacy concerns. In response, Meta plans to introduce controls to address these issues, including data collection pauses.

20-year-old Kane Parsons' horror film 'Backrooms' became A24's biggest opener, grossing $118M on a $10M budget, and rivalled a $165M 'Star Wars' release. Explore the rise of internet-born cinema.

Confusion Snacks, an Indian-American fusion gourmet popcorn brand by ex-Microsoft's Aadit Patel, uses clean ingredients like non-GMO avocado oil. Now at Whole Foods, targeting $1M revenue.

Oracle Corp is executing its largest downsizing, cutting 30,000 jobs to fund AI expansion, despite strong financial results driven by cloud and AI growth.

Old Bags Luncheon™ has evolved from a local event into a global philanthropy brand, raising millions for charities through luxury handbag auctions. Founder Eileen Cornacchia focuses on future leadership and expansion.

Berkshire Hathaway invests £7.4B in Alphabet's £59B equity raise to boost AI infrastructure, marking a major tech investment under Greg Abel's leadership.

Anthropic is hiring for its AI & Rule of Law team, offering up to $345,000 to tackle AI's impact on democracy and legal systems, amid concerns over its advanced Mythos AI model.

Nvidia CEO Jensen Huang argues that AI is creating more jobs for software engineers, despite data showing significant layoffs due to AI integration in US tech companies.

IBM CEO Arvind Krishna discusses the financial implications of AI investments, cautioning that while AI is booming, returns may take years, with only a few companies likely to succeed.

Andrew Left, founder of Citron Research, was found guilty of securities fraud, accused of manipulating stocks and defrauding investors, potentially facing 45 years in prison.

YouTube has removed videos from 16 AI channels, impacting 35 million subscribers and $10M annual revenue in crackdown on low-quality material

Microsoft's internal survey shows employees feel energised but dissatisfied with managerial support, amid organisational restructuring and increased performance expectations.

Experts warn Britain could face a food crisis driven by climate change, inflation and fragile supply chains, urging reforms to prevent shortages.

With youth unemployment hitting a record high of 1 million, the government is promoting the Armed Forces as a 'gold standard' alternative to university.

Explore Mark Zuckerberg's $400M superyacht fleet, including the $100M 'Wingman', docked in Seattle amid scrutiny and Meta's job cuts. Discover the costs and features of these luxury vessels.

Grant Cardone argues that $1 million isn't financial freedom due to inflation and living costs. He stresses the importance of continuous income for long-term financial security.

Kevin O'Leary believes $5 million in liquid cash is key to financial freedom and risk-taking, surpassing property or luxury assets. Discover how this 'magic number' can reshape your strategy.

Elon Musk's social media post has disrupted revenue assumptions for SpaceX and xAI, challenging a proposed $2 trillion valuation and highlighting uncertainties in AI.

A review by the Department for Work and Pensions reveals that automated recruitment processes are making it harder for young people to find jobs, with nearly one million NEET individuals in the UK.