Chris Turner, who is presently the chief financial officer of the company, will take on the role of the new CEO for Yum! Brands Inc. on October 1. Turner, 50, became part of Yum! in 2019 after working in senior roles at PepsiCo and over ten years at McKinsey. David Gibbs, 62, the current CEO who declared his plan to resign in March, will continue his role as a consultant at Yum! until the end...

George Kurtz, the CEO of US cybersecurity company CrowdStrike, has donated over $1bn in shares of his firm, as indicated by filings available on the US Securities and Exchange Commission (SEC) website. Kurtz's submissions do not reveal the recipient, but records from four trusts indicate that approximately half of the shares were granted to him. The trusts divested most of those securities,...

Berkshire Hathaway Inc, the investment firm of American billionaire Warren Buffett, reduced its operating profit in the first quarter of 2025 by 14 percent, while its net income decreased by 2.8 times. Buffett, 94, who has steered Berkshire for sixty years, declared that he will resign as CEO at the conclusion of 2025. Greg Abel, who oversees all of the company's non-insurance operations, will...

U.S. semiconductor manufacturer Intel Corp. intends to reduce its workforce by over 20%, a source told Bloomberg. He mentioned that the company may reveal the layoffs as soon as this week. The source indicates that Intel is prepared to make this move to reduce bureaucracy, enhance management, and revive the company's culture grounded in an engineering mindset. Bloomberg notes that in August...

British Steel, the UK steel producer, has halted plans to dismiss as many as 2,700 workers due to a shift in management, according to the Financial Times. It was previously announced that the firm, which is part of China's Jingye Group, would shut down two facilities in the nation. Following failed negotiations, the UK government stepped in and altered the managers of British Steel. Officials are...

According to Forbes, the net worth of US President Donald Trump doubled in 2024, increasing from $2.3 billion to $5.1 billion. As stated in the report, his successful investment in cryptocurrency enabled him to grow the fortune. The primary component of Mr. Trump's wealth is the Trump Media and Technology Group, which is valued at $2.3 billion according to Forbes estimates. A considerable portion...

British Steel company may close two plants in the town of Scunthorpe in June this year, which could lead to the dismissal of more than 2 thousand employees, writes the Financial Times. In total, the company employs about 4.5 thousand people. Earlier British Steel, owned by the Chinese Jingye Group, failed to reach an agreement with the UK government to provide it with state support, which would...

According to the annual 2025 report “Brand Finance Banking 500”, four Chinese representatives continue to lead in brand value among global banks. The Industrial & Commercial Bank of China (ICBC) ranks first, with its brand value increasing by 10.1% (reaching $79.1 billion) in the past year. It has been holding the leading position for the ninth year in a row. Next in line is China...

Intel Corp. disclosed selection of Lip-Bu Tan as the new chief executive officer of the company. According to a press release from Intel, he will assume the role on 18 March, succeeding interim CEOs David Zinsner and Michelle Johnston Holthaus. Zinsner will continue as the chief financial officer of the company, whereas Holthaus will stay as the head of Intel Products and serve as executive...