Tara Patel

CMA CGM reported higher second-quarter sales and profit as a rise in freight volumes offset new shipping capacity coming into the market and higher costs related to the war in the Middle East that has led to disruptions through the key Strait of Hormuz.

Billionaire Bernard Arnault has appointed a new head of his closely held investment vehicle Financiere Agache, choosing an insider at a time when he’s struggling to turn around his luxury empire and facing greater scrutiny over succession.

Klaus-Michael Kuehne, the shipping heir and Germany’s wealthiest individual, who expanded Kuehne + Nagel International AG into one of the world’s biggest sea and air freight forwarders, has died. He was 89.

Klaus-Michael Kuehne, the shipping heir and Germany’s wealthiest individual, who expanded Kuehne + Nagel International AG into one of the world’s biggest sea and air freight forwarders, has died. He was 89.

Shipping tycoon was Germany's richest person Key Takeaways: [Stay on top of transportation news: Get TTNews in your inbox .]

Klaus-Michael Kuehne’s death signals the end of a swashbuckling dealmaking era for the German tycoon’s empire while transferring his $49 billion fortune to a low-key Swiss foundation.

The French duo behind US tech firm Datadog Inc. have been on a roller-coaster ride since listing their company about seven years ago, but there’s been one constant throughout: selling their stock in the good times and bad.

The billionaire, who had no children, died this week at 89. By Tara Patel and Sonja Wind, Bloomberg ·

Their platform was hacked by rogue OpenAI agents in July. Now it has been snapped up by Nvidia.

and Hugging Face's three French founders have emerged as billionaires after the artificial intelligence platform agreed to be acquired by