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Banking and Finance

Banking and FinanceSuccess and Leadership

Leadership Shake-Up at LVMH as Sephora Boss Steps Down

LVMH’s division overseeing Sephora and several iconic Parisian department stores is undergoing a significant leadership change, with its head stepping down at the end of October. The luxury conglomerate confirmed on Wednesday that Chris de Lapuente, who has been with the company for over a decade, will be retiring on...
Banking and FinanceSpecial Reports

Denmark Pledges a 40% Rise From its Previous Contribution to Tackle Development and Climate Challenges

Denmark, one of 52 nations supporting development projects through the World Bank's initiative, is urging other countries to join in addressing the world's most urgent development and climate challenges. The country has announced plans to nearly double its financial commitment to the International Development Association (IDA), the World Bank’s fund...
Banking and FinanceTech and Innovation

OpenAI Academy to Support AI Development in Low and Middle-Income Countries with $1 Million in API Credits

OpenAI has launched a new initiative called OpenAI Academy, aimed at empowering developers from low and middle-income countries by awarding $1 million in API credits. The program seeks to ensure that the transformative potential of artificial intelligence is shared across underserved communities worldwide, according to the company’s announcement. The blog...
Banking and FinanceSpecial Reports

Unlocking Trillions: How Wealth and Fossil Fuel Taxes Could Transform Climate Finance

Wealthy nations could generate five times the amount developing countries are requesting for climate finance by implementing windfall taxes on fossil fuel companies, ending harmful subsidies, and introducing a wealth tax on billionaires, according to recent research. Developing countries are seeking at least $1 trillion annually in public funds to...
Banking and FinanceSpecial Reports

$1.5 Billion From Multilateral Development Banks and WHO for Global Health Investment Platform to Strengthen Primary Care in Vulnerable Nations

The new Health Impact Investment Platform is officially moving forward with its first country health investment plans, marking a significant step in transforming initial commitments into operational projects. This groundbreaking collaboration, involving Multilateral Development Banks (MDBs), the World Health Organization (WHO), and low- and middle-income countries (LMICs), aims to strengthen...
Banking and FinanceSuccess and Leadership

New $600 million Iron Ore Mine Approved, But Delays Frustrate Australia’s Wealthiest Woman, Gina Rinehart

Hancock Prospecting is marking a significant milestone with the approval of its McPhee Creek iron ore mine in Western Australia, though CEO Gina Rinehart remains critical after years of bureaucratic setbacks hindered the project’s progress. The $600 million mine, located in the Pilbara region, has finally received the go-ahead from...
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