Banking and Finance

On July 23, 2024, Federal Bank's shares surged by 5.5%, reaching an unprecedented peak following the Reserve Bank of India's (RBI) approval of KVS Manian as the new CEO. This decision alleviated concerns regarding the bank's leadership succession. Having departed from Kotak Mahindra Bank in April after nearly thirty years,...

Allegiant Travel Company announced on Thursday that Gregory C. Anderson, currently the president, will assume the role of CEO in September, succeeding the long-serving Maurice Gallagher. Gallagher, who has been a pivotal figure in the company’s growth, will continue to serve as the chairman of the board. The Las Vegas-based...

Gavin Isaacs has been appointed as the new CEO of Entain, succeeding interim CEO Stella David following Jette Nygaard-Andersen's departure last year. David will transition to the role of chair, replacing Barry Gibson at the end of September. Isaacs brings a wealth of experience in the gambling industry to his...

Nokian Tyres plc has announced the appointment of Paolo Pompei as its new President and CEO, effective January 1, 2025, at the latest. Until Pompei assumes his new role, Jukka Moisio will continue to lead the company. Born in 1971 and an Italian citizen, Pompei brings extensive experience in the...

Starting on September 1, 2024, Alexander Pollich will assume the role of President and CEO of Porsche China, Hong Kong, and Macao, based in Shanghai. Pollich brings over 23 years of experience with Porsche, having held various management roles. Since 2018, he has been serving as the Chairman of the...

A recent study conducted by market analysts at The Gold Bullion Company reveals that major gold-consuming nations are struggling to meet their demand through domestic mining, with India exhibiting the largest shortfall. The research examined gold data across various countries to identify the disparity between consumer demand and mined production....

Lisa Spelman, a long-time executive at Intel Corp., is set to become the CEO of Cornelis Networks, a startup that emerged from Intel in 2020 to leverage the growing demand for artificial intelligence. Spelman, who has extensive experience in managing Intel's data center business, will assume her new role on...

According to the Asian Development Bank (ADB), the Philippines is expected to meet its economic growth target for this year, supported by decreasing inflation and anticipated interest rate cuts. However, projections for next year indicate that the growth might not fully align with the government's objectives. In its recently published...

As of January 2024, internet connectivity in Latin America and the Caribbean has seen remarkable growth, with over 90% of residents in the Bahamas, Costa Rica, Antigua & Barbuda, and Chile being online, placing these countries at the forefront of internet access in the region. Similarly, more than 85% of...

In Australia, casinos play a crucial role in driving economic growth and wealth distribution. These gambling establishments, both online and physical, significantly contribute to the national Gross Domestic Product (GDP) and create numerous job opportunities across the country. Casinos attract millions of visitors annually, who not only spend money at...