Banking and Finance

Bernard Arnault, CEO of luxury giant LVMH and France’s wealthiest individual, has expanded his media holdings with the acquisition of Paris Match, bringing the iconic magazine under his growing empire. The deal, announced on Tuesday, also includes other notable publications, such as Le Journal du Dimanche, which had been overseen...

Nvidia’s artificial intelligence (AI) chips are seeing unprecedented demand, according to CEO Jensen Huang, who characterized the surge as overwhelming during a recent televised appearance. Huang's remarks came during an interview, where he discussed Nvidia's extended collaboration with IT consulting giant Accenture. The two companies announced a joint effort to...

The Saudi Reinsurance Company has officially named Ahmed Al-Jabr as its new Chief Executive Officer, effective October 1, succeeding Fahad Al-Hesni. Al-Jabr brings with him 25 years of extensive experience in the insurance and reinsurance industries, having held various executive roles in operations, strategy management, and business development throughout his...

Nike reported a 10% drop in revenues for the first quarter of fiscal 2025, totaling $11.59 billion, compared to $12.94 billion in the previous year. The results fell slightly below analyst expectations of $11.65 billion. The Nike brand generated $11.1 billion in revenue, marking a 10% year-on-year decline, while Converse...

The global economic outlook is showing signs of stabilization, yet vulnerabilities remain, according to the World Economic Forum’s September 2024 Chief Economists Outlook. The report notes that while inflation is easing and global trade remains resilient, high levels of public debt in both advanced and developing economies pose significant threats...

Group 1 Automotive, Inc., a leading Fortune 250 automotive retailer with a network of 260 dealerships across the U.S. and U.K., has announced the appointment of Mark Raban as the new Chief Executive Officer for its U.K. division. Bringing over two decades of experience in automotive retail and finance, Raban...

Sony Group Corporation and Sony Pictures Entertainment (SPE) have announced that Tony Vinciquerra, SPE’s Chairman and CEO, will step down from his role as CEO, with Ravi Ahuja set to succeed him as President and CEO effective January 2, 2025. Vinciquerra will continue in a non-executive capacity as Chairman until...

USA Volleyball has named John Speraw as its new President and Chief Executive Officer, effective October 1, 2024. With this appointment, Speraw becomes the organization’s eighth CEO, bringing a wealth of coaching experience and leadership to the role. Speraw has been the head coach of the U.S. Men’s National Volleyball...

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...