Rishi Thakur

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How IKEA creator Ingvar Kamprad built the world's largest furniture retailer — and a $39 billion fortune

With a net worth of $39.3 billion, the retailer ranks as the 10th richest person on earth and the second-richest in Europe, according to new data from Wealth-X.<p>The 89-year-old grew his flatpacking-furniture brand by maintaining a personal and professional ethos of innovation and simplicity.<p>From …

Ingvar Kamprad

Chevron guts budget as job cuts, project delays follow oil slump

Chevron Corp. slashed its drilling budget by the most in 12 years, suspended share buybacks and laid off workers as energy producers around the world curtail ambitions to cope with free-falling oil prices.<p>Chevron lowered its 2015 capital-spending target by 13 per cent to $35-billion (U.S.) and …

Oil & Gas Industry

Climate Change Report Warns of Economic Tidal Wave in U.S.

Rising seas and extreme weather could lead to billions of dollars in economic losses, according to a new climate change report that strives to …