Banking and Finance

Last week, the French multinational IT services company Atos appointed Philippe Salle as its new CEO, marking the seventh leadership change in just three years. His role will become effective from 1 February 2025. Jean-Pierre Mustier will act as CEO until January 31, 2025, and will remain a member of...

European CEOs are showing heightened concern compared to their American counterparts regarding the potential impact of Donald Trump's pledge to levy tariffs on all imports if he wins the White House again. Mentions of “tariff" on earnings conference calls in Europe have experienced a significant increase, surpassing the frequency of...

Jeff Jones will step down as the CEO of Apple Corps Ltd, the company announced on Monday, following 17 years in the role. Apple Corps Ltd, founded by the Beatles in 1968 to manage the band’s interests in music, film, publishing, and other ventures, has seen Jones at the helm...

In a notable shift at Disney, the company is set to see its fourth board chair in just over three years, reflecting continued turbulence in the evolving media landscape. Mark Parker, who currently holds the chairmanship, will step down at the close of the year, with Morgan Stanley CEO James...

Chinese foreign direct investment (FDI) in Southeast Asia is growing rapidly but remains concentrated in tertiary industries such as finance, construction, and real estate, particularly in less-developed economies like Cambodia, Laos, and Myanmar. A recent study by Guanie Lim and Chengwei Xu, published on 10 September 2024, suggests that China’s...

After two decades with JCDecaux Australia and New Zealand, Steve O’Connor will be stepping down as CEO at the end of 2024. The company announced that Chief Commercial Officer Max Eburne and Chief Financial Officer David Watkins will take over as co-CEOs, effective January 1, 2025. Jean-François Decaux, Co-Chief Executive...

On Monday, WiseTech Global revealed it was investigating several issues related to its CEO following media allegations about his personal life, including claims involving financial arrangements with a former intimate partner. This announcement triggered an 18% drop in the company’s share price. Several media outlets, including the Australian Financial Review,...

Thailand has expressed its intention to join the BRICS group, which was originally founded by Brazil, Russia, India, China, and South Africa. The group recently expanded, adding Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia to its ranks. This year, Russia, the host of the BRICS summit, extended...

Stillfront has parted ways with its founder and CEO, Jörgen Larsson, as the company embarks on a search for new leadership. In the interim, Alexis Bonte, the former president of publishing and business acceleration, has been appointed as acting CEO while the board of directors initiates the recruitment process for...

Volvo Cars is revamping its commercial business structure to streamline operations, enhance collaboration, and accelerate decision-making. The move is aimed at reducing complexity and fostering a more agile work environment. According to a company statement, Annwall, who has been with the automaker for nearly a decade and held his current...