Banking and Finance

A landmark report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) has revealed that the global economy incurs losses of up to $25 trillion annually because industries such as agriculture, energy, and fishing fail to address the interconnected crises of biodiversity loss, climate change, and human health....

Telenor Sweden has announced that Jonas Edén, the current head of its B2B division, will assume the role of CEO from January 1, 2025. He will succeed Bjørn Ivar Moen, who is stepping down to return to Norway. Edén has been with Telenor Sweden since 2012, holding a variety of...

Crédit Agricole has announced the appointment of Olivier Gavalda as its next chief executive, succeeding Philippe Brassac. Gavalda, a long-time insider at the bank, will take the helm of France’s second-largest bank as it navigates a turbulent economic landscape at home and complex developments in Italy. Gavalda’s career at Crédit...

Throughout his campaign, President Trump assured voters that the U.S. housing market—alongside immigration, the economy, and the Middle East—was a top priority. As he returns to the White House in January 2025, real estate industry experts are sharing their perspectives on how his second term could impact the sector, the...

Finova, a UK-based provider of mortgage and savings software, has announced new leadership appointments, including a CEO and Chief Product Officer (CPO). These changes come four months after Bain Capital Tech Opportunities (BCTO), the technology investment division of Bain Capital, completed the acquisition of Finova and Iress’ UK Mortgage Sales...

AS Roma is reportedly finalizing the appointment of a new CEO following an extensive search that began on September 22. The leading candidate for the role is Marzio Perrelli, the current Executive Vice President of Sky Italia, who appears to have outpaced all other contenders. The position has been vacant...

Guido Dalessi, the CEO of Dutch long-duration electricity storage company Elestor, will conclude his tenure at the end of 2024. Hylke van Bennekom, currently the Chief Operations Officer (COO), will assume the role of CEO starting January 1, 2025. Dalessi expressed confidence in the leadership transition, stating that he leaves...

United International Holding Co.’s board of directors announced the appointment of Mohammed Galal as Acting CEO on December 15, tasked with managing the company’s operations during the interim period. In a statement submitted to Tadawul, the company specified that Galal’s appointment would take effect immediately and remain in place until...

Tesla CEO Elon Musk's net worth has surged beyond $455 billion, driven by an impressive nearly 71% increase in the automaker's stock this year, along with the skyrocketing valuation of SpaceX. As Tesla's largest shareholder, Musk commands a substantial 13% stake in the company, reinforcing his significant influence in the...

As reported by Fox News, Sam Altman, CEO of ChatGPT maker OpenAI, has pledged $1 million to President-elect Donald Trump's inauguration fund. This contribution solidifies Altman's commitment, aligning with other tech industry leaders who are stepping up to support the incoming administration's mission to maintain America's dominance in artificial intelligence...