Banking and Finance

India is rapidly closing the gap with China and Vietnam in the realm of mobile phone exports. While China still leads, India is making significant strides. Chinese exports declined by 2.8% to $132.5 billion in FY24, and Vietnam experienced a more substantial drop of 17.6% to $26.27 billion. In contrast,...

Brambles, a prominent logistics company, has revealed that Xavier Garijo, CEO of its subsidiary CHEP Americas, will depart the organization after a brief six-month tenure due to cultural misalignments. Garijo took the helm at CHEP Americas in January, a newly established role where he managed Brambles' operations across the Americas. This...

Asia's manufacturing sector saw robust growth in June, driven by strong global economic momentum and improved semiconductor output prospects, according to surveys released on Monday (Jul 1). This positive trend offers some optimism that the region can withstand the impact of weak Chinese demand. However, rising costs presented challenges for...

S&P Global has announced the appointment of Martina Cheung as CEO, effective November 1. Cheung, a 14-year veteran of the company with various leadership roles, will succeed Douglas Peterson, who has served as CEO since 2013. In addition to her CEO role, Cheung will also serve as the company's President...

Verbit has announced the appointment of Yair Amsterdam as its new CEO. Amsterdam, who had been serving as interim CEO since February, previously held the roles of COO and President since 2022. Expressing his commitment to the role, Amsterdam stated that he is honored to serve as Verbit's CEO. He...

Lidl Austria has announced the appointment of Michael Kunz as its new CEO, effective August 1, 2024. Kunz will succeed Alessandro Wolf, who will transition to the role of divisional director at the Lidl Foundation in September 2024. As Alessandro Wolf moves to his new position, he will oversee multiple...

Since 2006, the WTO-led Aid for Trade initiative has contributed an impressive US$ 648 billion to enhance the export capabilities of developing and least-developed countries (LDCs). A new publication titled "Aid for Trade at a Glance 2024," launched by the WTO and the Organisation for Economic Co-operation and Development (OECD)...

G20 represents over 85% of the global economy and is known for its collaborative policy actions in response to international events. Despite their collective influence, the G20 nations consist of fundamentally diverse economies, each with its own approach to business taxation. Among the G20, Argentina and India have the highest...

Societe Generale Maroc has named Mehdi Benbachir as its new Chief Executive Officer, effective July 1, 2024. The appointment was confirmed during the company’s Supervisory Board meeting on May 23. With nearly two decades of banking experience, Benbachir brings extensive expertise in investment banking, mergers and acquisitions, and private equity....

A recent survey by DNV reveals that 64% of oil and gas industry leaders believe the energy transition is accelerating, with 68% expressing optimism about the sector's growth despite the downturn in 2020. Titled "The Paradox of Petroleum - How the Oil and Gas Sector is Transforming Through Uncertainty," the...