Latest stories, analysis, and insights from the world of business.
Arvind Jain, CEO of AI startup Glean, receives thousands of job applications daily but struggles to find candidates with strong work ethic, pointing to hard work and AI mastery as the key skills Gen Z needs to stand out in today's competitive job market.
Brent crude oil surged 2% to $98.26 per barrel as U.S. military operations in southern Iran and Trump's mixed messaging on Tehran negotiations kept traders anxious. Global oil inventories are showing mounting strain, with significant drawdowns suggesting the market remains strongly undersupplied.
Rosewood Hotel Group has launched a global 16-week fully paid parental leave policy for all employees regardless of gender, positioning itself ahead of statutory minimums across Asia as the region grapples with historically low birth rates.
Starbucks Korea has suffered a significant drop in sales after a controversial marketing campaign launched on the anniversary of the May 18 Gwangju Uprising, when the military government cracked down on pro-democracy protesters, triggering widespread public outcry and boycott calls.
Rosewood Hotel Group has introduced a gender-neutral 16-week fully paid parental leave policy for all employees globally, positioning itself ahead of statutory minimums across Asia as the region grapples with plummeting birth rates.
Luxury hospitality group Rosewood Hotels has announced a 16-week paid parental leave policy to attract talent and support employee families amid Asia's declining birth rates.
With the U.S. shuttering USAID and European nations cutting climate aid budgets, Asian philanthropists are stepping in to address the region's disproportionate climate financing gap, with $5.8 trillion expected to change hands before decade's end.
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McKinsey research analyzing 200 family-owned businesses reveals that CEO succession failures stem primarily from outgoing leaders, not incompetent heirs. The study shows that poorly managed transitions destroy an estimated $1 trillion in market value globally annually.
Lord Wolfson, chief executive of Next, has warned of a dramatic fall in entry-level job opportunities in the UK, with applications for shop positions more than doubling in recent years. He attributed the crisis partly to government policies including increased employer National Insurance contributions and new Employment Rights Act regulations.
Crude oil prices fell 7% as President Trump reported progress in U.S.-Iran negotiations aimed at ending their three-month conflict and reopening the strategic Strait of Hormuz, though a deal timeline remains uncertain.
Massachusetts has formally recognized the App Drivers Union, marking the first state-certified rideshare union in the United States, representing approximately 70,000 Uber and Lyft drivers following years of organizing efforts.
McKinsey research on 200 family business successions across 50 countries reveals that the outgoing CEO—not the heir—is the primary factor in succession failures, with companies underperforming on revenues and returns for five years after leadership transitions.
Crude oil prices fell 7% as the U.S. and Iran showed signs of progress toward an agreement to end their three-month war and reopen the Strait of Hormuz, with Brent futures closing at $96.14 per barrel and West Texas Intermediate shedding over 6% to $90.30.
The European Union is reportedly planning to fine Google a substantial triple-digit million euro amount as part of an ongoing antitrust investigation over concerns that the search giant unfairly favors its own services in search results.
Memorial Day sales on tested gear including smart bird feeders, fitness trackers, ergonomic chairs, and outdoor equipment are now live through May 26, with significant discounts on top-rated products.
WIRED's deals editor curates the best Memorial Day discounts on tested gadgets and gear, including smart bird feeders, robot lawn mowers, office chairs, and kitchen essentials available through May 26.
Memorial Day weekend brings steep discounts across tech and outdoor gear, from 4K OLED TVs and noise-canceling earbuds to portable speakers, robovacs, and camping equipment from top retailers like Amazon, Best Buy, and REI.
Lucra Sports founder Dylan Robbins shares how he secured a $20 million Series B led by ARK Invest despite the VC world's obsession with AI, using unconventional networking and strategic pitch adjustments.
Eli Lilly reported that its acquired gene-editing therapy VERV-102 reduced cholesterol levels by 62% in a Phase 1 clinical trial with no serious adverse events, marking an encouraging early test for a one-time treatment to prevent heart disease.