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A significant cryptocurrency scandal has rocked South Korea, with the arrest of Byun Young-oh, CEO of the tech company Wacon, who is accused of orchestrating a large-scale Ethereum-related fraud. Alongside an accomplice named Yeom, they allegedly defrauded over 500 victims through a deceptive investment scheme. The fraudulent operation, spearheaded by...

A recent study commissioned by the European Union and United Nations reveals that several Georgian economic sectors are well-positioned to expand exports to Europe. The report, titled “Georgia’s Economy Sectors with High Growth and Export Potential,” suggests a strong desire among Georgian businesses to engage with European markets, despite concerns...

Union Bancaire Privée (UBP) has announced the appointment of Teresa Lee as the region head for North Asia and the chief executive of its Hong Kong operations. Lee brings a wealth of experience from her previous roles, including her tenure at the Bank of Singapore, where she served as head...

Delta Air Lines CEO Ed Bastian revealed on Wednesday that the recent IT outage, which left thousands of customers stranded, will cost the airline $500 million. This figure includes lost revenue and “tens of millions of dollars per day in compensation and hotel expenses” over a five-day period, aligning with...

Robert Swaak will not serve his complete second term as CEO of ABN Amro, planning to step down in the first half of next year, according to an announcement from the bank on Thursday. The bank stated that the decision was mutually agreed upon, deeming it an appropriate moment to...

Gold’s use dates back to 4000 B.C., when inhabitants in what is now Eastern Europe began to utilize the precious metal to make decorative objects, according to the National Mining Association. According to the International Gem Society, gold’s appearance is just one of its positive attributes, though. It’s also a...

The decline in the stock market on Wednesday significantly impacted the fortunes of the world's richest individuals, with the top ten losing nearly $66 billion collectively as shares of companies like Tesla, Alphabet, and Meta dropped. Tech stocks suffered notable losses after disappointing second-quarter earnings reports from Tesla and Alphabet were...

A recent survey conducted by the International Workplace Group (IWG) reveals that nine out of ten CEOs have embraced hybrid working models, leading to enhanced productivity and improved staff retention. The survey, which gathered responses from over 500 CEOs in Hong Kong, highlights several benefits associated with hybrid working, including...

The Antwerp World Diamond Centre (AWDC) has appointed Karen Rentmeesters as its new permanent CEO following a successful three-month tenure as interim CEO. The Board of Directors reached a unanimous decision to promote Rentmeesters to the role, effective immediately, as announced last week. Rentmeesters brings over 14 years of experience...

Nokian Tyres plc has announced the appointment of Paolo Pompei as its new President and CEO, effective January 1, 2025, at the latest. Until Pompei assumes his new role, Jukka Moisio will continue to lead the company. Born in 1971 and an Italian citizen, Pompei brings extensive experience in the...