Banking and Finance

Star Entertainment Group has reported an EBITDA loss of $5.5 million for October, bringing its total EBITDA loss for the first four months of the financial year to approximately $17.6 million. The company's CEO, Steve McCann, warned shareholders during the Annual General Meeting that negative cash flow has now become...

Borosil Renewables has announced the appointment of Melwyn Moses as its new Chief Executive Officer, effective December 2, 2024. His extensive leadership experience across global organizations positions him as a key figure in the company’s plans for accelerated growth and innovation. Moses previously held senior roles at UPL Corporation, where...

Uniqlo, the global casual wear brand, is under fire in China following remarks by Tadashi Yanai, CEO of its parent company Fast Retailing, stating that the company does not source cotton from Xinjiang. This region has been at the center of international scrutiny over allegations of forced labor in recent...

In today’s fast-paced digital workplace, the success of any organization hinges on more than just advanced technology and streamlined operations. As Bob Grazioli, CIO of Ivanti, reveals in an interview with me, the concept of Digital Employee Experience (DEX) is reshaping the role of CIOs and influencing productivity, cybersecurity, retention,...

BT Group has revealed that Marc Allera will step down as CEO of its Consumer division, with Claire Gillies set to take over as CEO-Designate and join the company’s Executive Committee on December 10, 2024. This announcement signals the start of a structured transition period, during which Allera will collaborate...

On November 27, KB Financial Group announced that its Affiliate Representative Director Candidate Recommendation Committee (Selection Committee) had convened and selected Lee Hwan-Joo, CEO of KB Life Insurance, as the next CEO of KB Kookmin Bank. Lee’s appointment highlights his extensive leadership experience across various roles within the group. His...

Samsung SDI has appointed Choi Joo-sun, former CEO of Samsung Display, as its new CEO, signaling a strategic shift aimed at overcoming the ongoing slump in battery demand. The company announced that Choi, aged 61, officially assumed his new role on Thursday. Choi, a seasoned professional with a career spanning...

In a bold bid to reshape the Italian banking landscape, UniCredit announced on Monday its intent to acquire domestic competitor Banco BPM in a transaction valued at approximately $10.5 billion. This move, described by the bank as independent of its ongoing efforts to deepen ties with German lender Commerzbank, aims...

Air India SATS Airport Services (AISATS), a prominent player in airport management, recently named Ramanathan Rajamani as its new Chief Executive Officer (CEO). With over 20 years of experience under his belt, Rajamani is poised to drive innovation and operational efficiency at AISATS. Notably, this isn't his first time at...

The high cost of flying in and out of Darwin has once again come under scrutiny as Airport Development Group (ADG), the facility’s owner, moves to increase landing fees. This decision is expected to exert further upward pressure on airfares, adding to the financial burden on travelers. Darwin has long...