Banking and Finance

Qonto, a business finance solutions provider, has announced its expansion into several European markets, with a focus on strengthening its regional presence. This strategic move will enable small and medium-sized enterprises (SMEs) and freelancers in Austria, Belgium, the Netherlands, and Portugal to access Qonto’s financial tools and services, helping them...

Robert Gilby, who had been serving as Chief Executive Officer of Dentsu APAC, has stepped down from his role. Appointed in September 2022, Gilby took over from Ashish Bhasin and was tasked with unifying Dentsu's Asia Pacific operations under the 'One Dentsu' strategy. His mandate also included driving growth and...

WeightWatchers International announced on Friday that CEO Sima Sistani had departed her position, effective immediately. Tara Comonte, a board member of the company and a former executive at Shake Shack, was named Interim Chief Executive. While the New York-based organization did not disclose specific reasons for the sudden leadership change,...

Shares of New World Development, one of Hong Kong’s major property companies, surged by 23% on Friday after the unexpected resignation of Adrian Cheng, a member of the company’s founding family. The company had temporarily halted trading on Thursday, later announcing that Cheng would be stepping down to focus on...

Steve Donohue, CEO and Managing Director of Endeavour Group has announced his decision to step down after more than six years in the top role and 30 years with the company. The announcement was made in a statement to the ASX, with the board and Donohue agreeing that now is...

After 17 years with TUI, Andrew Flintham is set to leave the company to become the managing director of British Airways Holidays. Flintham will take over from Claire Bentley, who will retire at the end of October after a 24-year tenure. In a broader restructuring of TUI’s global operations, Neil...

The cooling market in developing economies is projected to grow from approximately USD 300 billion annually to over USD 600 billion by 2050, according to a report released today by the UN Environment Programme (UNEP)-led Cool Coalition and the International Finance Corporation (IFC). The report indicates that Africa will see...

The global economy has steadied following years of inflation-driven turbulence and is projected to grow at a 3.2% rate over the next two years, according to a report released by the Organization for Economic Cooperation and Development (OECD) on Wednesday. The report, titled "Turning the Corner," highlighted a steady decline...

Alhaji Aliko Dangote, the President and CEO of the Dangote Group, has called on the Nigerian government to take decisive action by eliminating fuel subsidies. He outlined the potential benefits of this move, emphasizing its importance for Nigeria's financial stability. Dangote highlighted that the removal of fuel subsidies would help...

Oil prices took a downturn on Thursday, reversing earlier gains, after reports surfaced that Saudi Arabia, the leading global crude exporter, was preparing to ease its focus on maintaining a price target, setting the stage for an increase in production. By mid-morning, Brent crude had declined by $1.27, or 1.7%,...