Ryanair Holdings Plc, the Irish budget airline, has announced the extension of Chief Executive Officer Michael O'Leary's contract through 2032. O'Leary assumed leadership of the largest budget airline in 1994. He is recognized for his strict stance on pricing. Ryanair maintains very low ticket...

Volkswagen AG, the German automotive giant, plans to eliminate 19,000 positions in Germany by the year's end, as stated by CEO Oliver Blume before the annual shareholders' meeting on June 18, as reported on the company's website. Blume believes that significant staff and cost cuts in the nation are...

According to The Times, which cites internal corporate records, Elon Musk may be entitled to receive USD 158 billion in 2025 under the terms of a compensation deal with Tesla. The publication pointed out that the cited figure serves as an early estimate of the annual remuneration Musk might earn...

Apple said that CEO Tim Cook will resign on September 1, 2026, and will take on the role of executive chairman of the board. According to a statement from the company, John Ternus, senior vice president of Hardware Engineering, has been named as his successor. Apple stated that the change received...

According to Reuters, citing three sources, Meta aims to execute the initial phase of its mass layoffs scheduled for this year on May 20. As per one source, the job cuts are expected to affect roughly 10% of its staff, equating to around 8,000 workers. The sources indicated that the company...

Average bonuses at Wall Street firms rose by 6% in 2025 to reach $246,900, as stated by New York State Comptroller Thomas DiNapoli. This marks a new record high since the index was created in 1987. The regulator stated that the total bonus pool for the banks reached a new high for the second...

Microsoft is starting a new project to build AI infrastructure in the US, with a focus on helping the public. They promise to cover the costs of the energy systems needed for their data centers, as mentioned in their blog post. The Community-First AI Infrastructure project has several goals,...

Nvidia Corp., a company that makes graphics chips, has ranked first in a list of U.S. companies with the highest quality of management, according to a report from the Drucker Institute at Claremont Graduate University, published in The Wall Street Journal. The other positions in the top five were...

HSBC, Europe's largest bank, has ended its renowned International Manager executive development program, which has been in place since the bank's founding over 160 years ago, according to a report by the Financial Times. The recruitment process for the program, which was designed to cultivate the...