Banking and Finance

At its meeting on September 25, the Supervisory Board of Siemens Energy AG extended the contract of CEO Christian Bruch by an additional five years, now set to run through April 2030. His original contract was due to expire in April 2025. Siemens Energy AG, formed from the spin-off of...

The Board of Directors of Oma Savings Bank Plc (OmaSp) has announced the appointment of Karri Alameri, M.Sc. (Econ.), CEFA, as the company's new CEO. Alameri is set to assume his role no later than April 1, 2025. In the interim, Sarianna Liiri will continue as acting CEO until Alameri...

Qonto, a business finance solutions provider, has announced its expansion into several European markets, with a focus on strengthening its regional presence. This strategic move will enable small and medium-sized enterprises (SMEs) and freelancers in Austria, Belgium, the Netherlands, and Portugal to access Qonto’s financial tools and services, helping them...

Robert Gilby, who had been serving as Chief Executive Officer of Dentsu APAC, has stepped down from his role. Appointed in September 2022, Gilby took over from Ashish Bhasin and was tasked with unifying Dentsu's Asia Pacific operations under the 'One Dentsu' strategy. His mandate also included driving growth and...

WeightWatchers International announced on Friday that CEO Sima Sistani had departed her position, effective immediately. Tara Comonte, a board member of the company and a former executive at Shake Shack, was named Interim Chief Executive. While the New York-based organization did not disclose specific reasons for the sudden leadership change,...

Shares of New World Development, one of Hong Kong’s major property companies, surged by 23% on Friday after the unexpected resignation of Adrian Cheng, a member of the company’s founding family. The company had temporarily halted trading on Thursday, later announcing that Cheng would be stepping down to focus on...

Steve Donohue, CEO and Managing Director of Endeavour Group has announced his decision to step down after more than six years in the top role and 30 years with the company. The announcement was made in a statement to the ASX, with the board and Donohue agreeing that now is...

After 17 years with TUI, Andrew Flintham is set to leave the company to become the managing director of British Airways Holidays. Flintham will take over from Claire Bentley, who will retire at the end of October after a 24-year tenure. In a broader restructuring of TUI’s global operations, Neil...

The cooling market in developing economies is projected to grow from approximately USD 300 billion annually to over USD 600 billion by 2050, according to a report released today by the UN Environment Programme (UNEP)-led Cool Coalition and the International Finance Corporation (IFC). The report indicates that Africa will see...

The global economy has steadied following years of inflation-driven turbulence and is projected to grow at a 3.2% rate over the next two years, according to a report released by the Organization for Economic Cooperation and Development (OECD) on Wednesday. The report, titled "Turning the Corner," highlighted a steady decline...