Mikell’s appointment as CFO and senior vice president follows a shakeup of Exxon’s board by activist investor Engine No.1 due to concerns over the energy giant’s corporate culture and its financial performance. Mikells will be the first woman and outsider to join Exxon Mobil’s management committee. Mikells is set to join Exxon from September after […]
Financial services company Robinhood is seeking a market value of up to $35 billion in its approaching initial public offering (IPO). The share price will sit between $38 to $42 per share, with the IPO marking the public coronation of the controversial financial services platform. According to the SEC filing on Monday, Tenev and co-founder […]
Gates will join the Soros Economic Development Fund in a deal to buy Mologic, the UK-based lateral flow test developer which has created 10-minute Covid tests. It is hoped that the tests will cost as little as $1 to produce. The covid-19 pandemic has demonstrated that lateral flow tests, previously most commonly used for pregnancy […]
Revolut is now the UK’s most valuable fintech firm ever, making co-founder Storonsky, who owns more than 20% of the company, a paper billionaire several times over. His net worth is estimated to sit around the $7 billion mark, up from $1.1 billion not long over a year ago in March 2020. Over the past […]
Hochgeschurtz’s appointment comes at a time when Stellantis, of which Opel is a subsidiary, is entering into the electric vehicle’s market and expanding its commercial activities, including in China. Hochgeschurtz will succeed Michael Lohscheller, who has been at the helm of the Opel since 2017 but has now decided to take on a new challenge […]
Ahead of Jeep’s push into electric vehicles, the car giant is updating one of its smallest SUVs with a redesigned interior and new technologies. New features will include blind-spot monitoring and active emergency braking as standard safety technologies. Additionally, optional 10-inch interior screens will feature, as well as a driver-assist highway system. The new model […]
Warren Buffett’s multi-billion dollar company will receive a $1.3 billion refund on the proposed purchase of Questar Pipelines. The deal would also have included a $430 million of Dominion Energy’s debt when the deal was announced last year. Dominion Energy has said it still plans to sell Questar Pipelines and will seek out another suitable buyer […]
The billionaire Virgin Group founder flew high above New Mexico, US, in the rocket plane that Virgin Galactic has been developing for close to two decades. Richard Branson said the trip was an experience of a lifetime, safely returning to Earth following his flight to the edge of space, which lasted just over an hour. […]
Steve Ballmer is the ninth person to reach the $100 billion milestone, amongst the likes of Amazon founder Jeff Bezos, Microsoft’s Bill Gates, French businessman Bernard Arnault, and Facebook’s Mark Zuckerberg. Since the start of 2021, Ballmer has seen his worth increase by $20.1 billion. In 2014, the American businessman purchased the Los Angeles Clippers […]
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 […]
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