Banking and Finance

Nvidia Corp (NASDAQ) recently reported that its President and CEO, Jen-Hsun Huang, sold a significant portion of his company stock, as per a new SEC filing. The transactions occurred between June 20 and June 21, 2024, and involved shares valued at over $31 million. These stock sales were executed at...

BENEO GmbH has named Olivier Roques as its new CEO and a member of its executive Board of Directors, effective June 1. In addition to his CEO duties, Roques will take on the role of Chief Sales Officer, succeeding Dominic Speleers. This appointment coincides with a pivotal moment for BENEO...

Cryptocurrency has seen a significant rise in popularity, with global ownership increasing from 432 million to 580 million in 2023, according to Crypto.com. While some nations have attempted to regulate this technological advancement, others have embraced and supported the burgeoning industry. Leading the charge is Argentina, renowned for its high...

Shanghai-based luxury fashion conglomerate Lanvin Group has named Regis Rimbert as the new CEO of Wolford AG, effective June 14. This appointment follows the departure of Silvia Azzali, who resigned for personal reasons and was approved by Wolford AG's supervisory board. In his new position, Rimbert will oversee the strategic...

Greek energy company Energean has announced an agreement to sell its assets in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The deal is valued between $820 million (€763 million) and $945 million (€880 million). Energean, listed on the London and Tel Aviv stock exchanges, highlighted that the sale...

British advertising firm M&C Saatchi announced the appointment of Simon Fuller as its new Chief Financial Officer, effective July 1. Fuller takes over from Bruce Marson, who will return to his previous role as Deputy CFO. This follows the recent appointment of Zaid Al-Qassab as CEO in February, marking the...

The European Union has reignited financial oversight rules that were previously suspended during the novel coronavirus pandemic, leading to renewed tensions with high-spending member nations over budget deficits. The reactivation of these financial regulations subjects eight countries—Belgium, France, Hungary, Italy, Malta, Poland, and Slovakia—to the EU's Excessive Deficit Procedure, joining...

Germany's Aurubis has appointed Toralf Haag as its new CEO, starting September 1. Additionally, Tim Kurth, currently Managing Director of the company's Bulgarian branch, will become the Chief Operations Officer for custom smelting, according to a statement released on Thursday. As of 1444 GMT, Aurubis shares had risen by 4.67%,...

Permira, the global private equity firm, has announced a leadership transition effective September 1, 2024. Brian Ruder and Dipan Patel will step into roles as Co-Managing Partners and Co-CEOs, while Kurt Björklund will move to the position of Executive Chairman. Brian Ruder, who joined Permira in 2008, currently serves on...

The World Economic Forum's 2024 Fostering Effective Energy Transition report highlights record highs in Energy Transition Index (ETI) scores worldwide. Despite this, economic instability, geopolitical tensions, and technological changes have decelerated the transition. The report, created in collaboration with Accenture, indicates that out of 120 countries surveyed, 107 have advanced...