Banking and Finance

Hancock Prospecting is marking a significant milestone with the approval of its McPhee Creek iron ore mine in Western Australia, though CEO Gina Rinehart remains critical after years of bureaucratic setbacks hindered the project’s progress. The $600 million mine, located in the Pilbara region, has finally received the go-ahead from...

Chaos has been the defining feature at Roma for several seasons, marked by constant managerial changes, fan unrest, and questionable market decisions. This tumultuous environment recently led to the dismissal of head coach José Mourinho and Italian legend Daniele De Rossi, alongside the resignation of the club’s CEO, Lina Souloukou,...

Melissa DaSilva, who previously held the position of President for TTC’s North American operations, has now been appointed as Interim CEO for TTC Tour Brands on a global scale. This change follows the announcement that Gavin Tollman, the long-standing CEO, will step down as Apollo, a US private equity firm,...

Australia-based AUB Group has revealed key leadership changes for its UK broking operations, with two prominent executives set to take on new roles. Tom Wilson will assume the position of Chief Executive Officer of London-based Lloyd’s broker Tysers, starting October 1, pending regulatory approval. Meanwhile, Bob Pybus will step into...

TelevisaUnivision is positioning itself for its next phase of growth with a leadership transition. On Wednesday, the Spanish-language media giant announced the appointment of Daniel Alegre as the new CEO, succeeding Wade Davis. Davis, who led the company through the merger of Univision and Televisa in 2022, will transition to...

Nike is preparing for a significant leadership transition as John Donahoe, its current CEO, is set to retire next month, the company revealed on Thursday. This move adds to the series of changes for the sportswear giant during a period of slowing sales. Although Donahoe will officially step down from...

TD Bank has officially announced that its CEO, Bharat Masrani, will retire on April 10, 2025. The leadership baton will pass to Raymond Chun, currently the head of Canadian personal and commercial banking, who will assume the role of CEO. Chun is slated to take on the position of chief...

Turkey has unveiled an ambitious plan to boost exports to Muslim-majority countries, with a particular focus on strengthening trade ties with Gulf states. The "Export Development Strategy with Islamic Countries," spearheaded by the Ministry of Trade, aims to increase Turkey’s export share to Islamic nations from 26% to 30% in...

The CEO of Campari, Matteo Fantacchiotti, has stepped down abruptly after less than half a year in his position, prompting a notable 6% drop in the company's shares on Wednesday morning. Campari, headquartered in Milan, attributed the departure to personal reasons, as Fantacchiotti had only assumed the role in April....

Debt has become a mounting challenge for developing nations, particularly the least developed countries (LDCs). These nations face higher borrowing costs, weaker debt management capabilities, and limited representation in key international forums that address debt issues. The COVID-19 pandemic significantly worsened the financial situation for LDCs, driving up public debt,...