CEO Explainers

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...

Polestar is set to replace its long-serving CEO, Thomas Ingenlath, with Michael Lohscheller, a seasoned automotive executive with experience leading Opel, VinFast, and Nikola. This leadership change comes as Polestar strives to address ongoing challenges, including delayed model launches, missed delivery targets, and a gradual separation from its co-founder, Volvo...

In 1975, Zhou Enlai, the first premier of the People’s Republic of China, proudly declared in his final public address that the country was debt-free, boasting a balanced budget amidst global economic instability. Nearly 50 years later, while China’s central government debt remains modest at around 24% of GDP, local...

China’s summer movie ticket sales have exceeded $1.5 billion so far, falling short of last year’s record $2.89 billion, according to data from China’s Film Data Information Network, affiliated with the Central Propaganda Department. Traditionally one of the most profitable periods for the Chinese film industry, this summer's downturn is...

A dramatic sell-off in shares of two major Chinese consumer companies wiped out over $16 billion from the fortunes of some of China’s wealthiest individuals, highlighting growing investor anxiety about the health of Asia's largest economy. Zhong Shanshan, founder of beverage giant Nongfu Spring and China's richest person, saw his...

Shares of Hybe, listed on South Korea's Kospi index, surged nearly 5% on Wednesday following the sudden departure of Min Hee-jin, former CEO of ADOR, a sublabel under Hybe. Min’s resignation, announced after market hours on Tuesday, led to a market value increase of approximately $282.05 million for Hybe. This...

Vale (NYSE: VALE) has appointed its Chief Financial Officer, Gustavo Pimenta, as the new Chief Executive Officer, following a contentious succession process that saw the departure of board members amid allegations of political meddling. The decision to promote Pimenta was unanimously approved by the board, according to a company filing....

The European Commission has put forward a proposal to provide more than $1.12 billion (€1 billion) in financial assistance from the EU Solidarity Fund (EUSF) to aid Italy, Slovenia, Austria, Greece, and France in recovering from the devastating floods that struck these nations in 2023. The proposed aid package includes...

In a powerful display of solidarity, 14 African nations, along with several key partners, have pledged more than $45 million to support the World Health Organization (WHO) through its new Investment Round. This initiative, which is only three months old, is designed to secure sustainable funding for WHO, a cornerstone...