Banking and Finance

Shares of New World Development Co., owned by Hong Kong’s billionaire Cheng family, dropped as much as 14% on Monday morning due to a worsening property market downturn. The company revealed late Friday that it expects to report a loss of up to $2.6 billion for the financial year ending...

Kelly Zong, also known as Zong Fuli, the daughter of the late Chinese billionaire Zong Qinghou, has officially assumed control of Hangzhou-based beverage giant Wahaha Group, according to a local business registration system. The Qichacha business registration platform confirms that Zong is now the company's chairman and CEO and has...

Ebusco's Supervisory Board has announced the appointment of Christian Schreyer as the new CEO as part of the company’s turnaround strategy. The decision followed an internal review, which concluded that the organization should be led by a single CEO with proven experience in public transport management. Founders Peter Bijvelds and...

OKX, a prominent global cryptocurrency exchange and Web3 technology firm, has announced that its Singapore-based entity, OKX SG Pte. Ltd. (OKX SG), has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Alongside this milestone, the company has appointed Gracie Lin as CEO of OKX...

Nikola Corporation announced on Tuesday the appointment of Tom Schmitt, the former CEO of Forward Air, as its new Chief Commercial Officer. In his new role, Schmitt will be responsible for overseeing sales, commercial operations, dealership relations, customer service, marketing, and customer success functions. Additionally, he will play a key...

Authorities in Bosnia and Herzegovina have revoked the work visas of 39 Pakistani nationals, while the work visas of 14 Bangladeshi citizens are still under review. The Service for Foreigners’ Affairs (SFA) of Bosnia and Herzegovina announced that these individuals used their work permits, which were issued after they entered...

The World Economic Forum (WEF) has outlined four key strategies for the Middle East and North Africa (MENA) to build intelligent economies amid a rapidly evolving global landscape. The WEF report highlights that the MENA region faces several economic challenges that could be addressed by leveraging digital technologies. The report...

Whether Donald Trump will become the next Republican President of the United States remains uncertain. If he secures the presidency, which seems probable, the implications for China's future international landscape are worth considering. A notable observation is that Trumpism, particularly in its approach to China, centers on economic populism. This...

The Third Plenum of the Chinese Communist Party has outlined the strategic framework for reform, setting forth key directions and principles. However, the ultimate success of these reforms will depend on the specifics of the reform plans and their effective implementation. It is crucial for the Chinese authorities to recognize...

The world is very much at the tail end of the Covid-19 pandemic. Business optimism is high (regardless of what you hear in the media), organisations are growing, and candidates are back to being active in the market and looking for new opportunities. There has definitely been a cultural shift...