Banking and Finance

Japan experienced its largest export decline since early 2021 in September, casting doubt on the strength of its economic recovery amid weakening global demand. According to a report from the Ministry of Finance, exports fell by 1.7% year-on-year, driven by a drop in shipments of cars, mineral fuels, and construction...

Takeshi Okada has been named the new President and CEO of Warner Music Japan, with his official start date set for December 2nd. He will report to Simon Robson, who is currently overseeing Warner Music Group's recorded business in the Asia-Pacific region until a permanent successor is found. Simon Robson...

Arch Capital Group Ltd., the Bermuda-based re/insurer, has announced that Nicolas Papadopoulo has been appointed as the new Chief Executive Officer and has also joined the company's board of directors, effective immediately. Papadopoulo, who has served as Arch’s President and Chief Underwriting Officer (CUO) since 2021, has held various leadership...

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,...