Big Business

Elon Musk’s social media platform, X, is reportedly in discussions with investors to secure additional funding at a $44 billion valuation—the same price Musk paid when he took the company private in 2022 and rebranded it. If successful, the fundraising effort would mark a significant turnaround for X and its...

Loyal Solutions has announced that its CEO, Peter Kisbye, sold 202,264 shares in the company on February 19, 2025. The transaction accounts for 11% of his total holdings. Following the sale, Kisbye continues to hold 1,261,439 shares, representing 17% of the company’s total share capital. The company confirmed that the...

TrueLayer, the UK-based open banking network, has appointed Basil Bailey as the CEO of its Irish division and general manager of its European operations. In addition to his new roles, Bailey will also serve as an executive director on TrueLayer Ireland’s board. Bailey brings extensive experience in the payments and...

HSBC has reported an annual profit that exceeded market expectations, driven by strong revenue growth in its wealth and markets divisions. As part of an ongoing restructuring, the bank has also outlined stringent cost-cutting measures under its new CEO, Georges Elhedery, as he pushes to enhance returns and sharpen HSBC’s...

The shift toward return-to-office (RTO) policies continues to favor the preferences of CEOs, and this trend is expected to persist. A 2024 survey by KPMG revealed that 79% of CEOs anticipate employees returning to the office five days a week within three years—significantly higher than the previous year’s findings. Many...

Tencent has announced that its Weixin messaging app, China’s largest, is granting some users access to search capabilities powered by DeepSeek's artificial intelligence model. The company revealed in a statement to Reuters that Weixin is conducting a beta test to trial DeepSeek for search functionality. This development marks a significant...

Tether, the issuer of the world’s largest stablecoin, has signed an agreement with the West African nation of Guinea to explore the adoption of blockchain technology and peer-to-peer solutions. The company announced in a blog post on February 17 that it had entered into a memorandum of understanding (MOU) aimed...

BHP has reported a 23% decline in attributable earnings for the half-year ending December 2024, with profits falling to $5.08 billion. The mining giant attributed the drop to lower realized prices for iron ore and steelmaking coal, which also contributed to an 8% year-on-year revenue decrease to $25.2 billion. Despite...

Honda Motor is reportedly open to resuming merger discussions with Nissan Motor, but only if Nissan’s Chief Executive Officer, Makoto Uchida, steps down from his position. The Financial Times, citing an individual familiar with the matter, disclosed this development on Tuesday. The proposed merger, which would create the world’s fourth-largest...

Aon plc (NYSE: AON), a leading global professional services firm, today announced that Jennifer Richards has been selected as CEO of Asia Pacific, effective 1 March. Richards assumes the role from Anne Corona who has recently been named CEO of enterprise clients and global chief commercial officer. She will work...