Banking and Finance

Brian Krzanich, former CEO of Intel, was recently named the Chief Executive Officer of Cerence Inc., a company specializing in automotive AI technology. The announcement quickly ignited a wave of criticism across social media, with Cerence’s LinkedIn page seeing an influx of negative comments. The backlash became so overwhelming that...

French IT company Atos announced on Tuesday that Philippe Salle has been appointed as the new chairman of the board, effective immediately, and will assume the role of Chief Executive Officer in February. The leadership changes come as part of a broader management reshuffle aimed at steering the troubled firm...

Zarin Daruwala, CEO of Standard Chartered’s India and South Asia operations, is set to step down from her leadership role, effective April 1, 2025. Daruwala's journey with the bank began in 2016 when she made history as the institution’s first female leader in India in its 163-year presence. Before joining...

The world’s 26 poorest nations are now deeper in debt than at any time since 2006 and face heightened vulnerability to natural disasters and other crises, according to the World Bank. In a report released on Sunday, the Washington, DC-based institution highlighted that the poorest economies are in worse shape...

Biotech firm Clarity Pharmaceuticals is preparing to initiate a second Phase III clinical trial for its prostate cancer diagnostic product, 64Cu-SAR-bisPSMA, after receiving positive feedback from the US Food and Drug Administration (FDA). This announcement has boosted the company’s shares. The new trial, named AMPLIFY, will involve approximately 220 participants...

Air Canada pilots have ratified the most lucrative contract in the airline’s history, approving the four-year deal with a 67% to 33% vote, thus avoiding the possibility of a strike or lockout at the country’s largest carrier. The Air Line Pilots Association (ALPA) reported that 98.6% of its members participated...

More than 100 CEOs, global leaders, and artists have united to sign the Abidjan Accord, urging G20 nations to secure $120 billion for crucial investments in Africa. The call focuses on increasing contributions to the World Bank’s International Development Association (IDA) fund, which supports poverty alleviation in 77 developing nations,...

Lagardère Travel Retail Chile has named Oriol Sancho Casadesús as its new Chief Executive Officer, bringing with him nearly three decades of experience in the dining, hospitality, and retail sectors across both national and international markets. The company outlined that Sancho will be tasked with strengthening current operations, overseeing a...

Arne Schepker, CEO of the Berlin-based language learning platform Babbel, is stepping down, and co-founder and former CEO Markus Witte is stepping back into a leadership role during the search for Schepker’s successor, according to a statement from the company. Witte will not immediately assume the CEO position but will...

Atletico Madrid has announced a significant agreement with Riyadh Air, officially establishing the Saudi airline as the new naming rights sponsor for their stadium. The deal, one of the largest in sports history, rebrands the stadium as the Riyadh Air Metropolitano and represents a major extension of the partnership between...