Banking and Finance

Ogilvy has promoted Fiona Gordon to the position of Global CEO of Advertising, where she will report directly to Devika Bulchandani, the Global CEO of Ogilvy. In her new role, Gordon will be responsible for ensuring that the agency's advertising, brand, and content capabilities continue to evolve and adapt to...

Elon Musk, one of the world's wealthiest individuals and the founder of Tesla and SpaceX, has once again drawn attention to the popular meme cryptocurrency Dogecoin (DOGE). This time, Musk did so in his signature unconventional style. In a recent post on his social media platform, X (formerly known as...

Nik Storonsky, the founder and chief executive of Revolut, one of Europe's most valuable technology companies, has reportedly sold shares worth up to $300 million in the firm. Storonsky offloaded between 40% and 60% of the stock in last month’s secondary share sale, with the total transaction estimated to be...

Nokia, one of the world's largest telecom equipment manufacturers, is reportedly searching for a new Chief Executive as it faces stagnant sales and a struggling share price. The Finnish company has approached potential candidates to replace Pekka Lundmark, who has served as CEO since 2020. The search is still ongoing,...

A prominent Chinese investment bank, once renowned for orchestrating major deals in the nation's tech industry, recently disclosed a surprising $11 million payment tied to the disappearance of its founder, Bao Fan. This revelation has only intensified the intrigue surrounding Bao, who established China Renaissance in Beijing in 2005 and...

Amidst ongoing economic uncertainty throughout 2024, Okta (OKTA) has experienced reduced demand for its software offerings. According to co-founder and CEO Todd McKinnon, the current climate has prompted businesses to scrutinize their spending more closely and reassess their recent technology investments. Speaking at the Goldman Sachs Communacopia and Technology Conference...

Dollarama (DOL.TO) shares surged over 8% on Wednesday, driven by a boost in sales from budget-conscious shoppers purchasing household essentials. CEO Neil Rossy noted that the challenging economic climate is also attracting wealthier customers who typically wouldn't shop at the discount retailer's stores. Montreal-based company reported a 4.7% increase in...

The combined economic output of the BRICS+ countries is projected to surpass that of the G7 nations by 2045, according to a global economic forecast by the Economist Intelligence Unit (EIU), the research arm of The Economist Group. The forecast indicates a narrowing gap between these two economic blocs over...

Mike Sneesby, Chief Executive of Nine Entertainment, is set to step down within weeks following a challenging year for the company marked by allegations of misconduct and bullying in its newsrooms. The broadcaster and publishing giant announced to the ASX that both Sneesby and the board had agreed it was...

Norfolk Southern announced Wednesday that it had dismissed CEO Alan Shaw due to an inappropriate relationship with a subordinate. The decision came just days after the company's board began investigating Shaw over alleged ethical misconduct, concluding two challenging years in his leadership role. The Atlanta-based railroad revealed that Shaw's relationship...