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Central banks set interest rates, manage reserves, and act as lenders of last resort to commercial banks and financial institutions during economic crises. Through these functions, central banks influence economic activity and maintain the smooth operation of financial markets. According to the SWFI, the Federal Reserve System of the United...

Eng. Sultan Al-Deghaither, the CEO of Zain Saudi Arabia, passed away on Monday, leaving behind a profound impact on the telecommunications sector and the digital economy. Serving as CEO for six years, Al-Deghaither led a financial and operational transformation at Zain, eliminating over $532.6 million in accumulated losses and tripling...

Monday brought a significant downturn in the stock market, impacting several Silicon Valley billionaires. By the end of the trading day, the Nasdaq 100 had dropped by 3.4%, the Dow Jones had plummeted over 1,000 points, and the S&P 500 had fallen by 3%. This decline severely affected the net...

According to the latest "Fortune/Deloitte CEO Survey," 73% of CEOs are optimistic about their companies' performance over the next 12 months. The survey, which included over 80 CEOs from more than 15 industries, highlights the confidence and strategic priorities of top leaders despite facing numerous disruptions. Key Findings Geopolitical Concerns:...

Starting mid-August, Douglas Group, a major European beauty retailer, will see Sebastiaan de Jong, formerly CEO of Etos and a veteran of Ahold, step in as the new CEO for the Netherlands and Belgium (Benelux). This transition follows the departure of the current regional head, Willem Duthler, who is stepping...

Nature is a huge part of our lives, and we can't just ignore it. Who could survive without all the important stuff nature gives us? No one, right? We need to take care of the environment to keep things like clean air, water, healthy food, and everything else we need...

Executive pay has become a contentious issue, largely due to the increasing disparity between the salaries of CEOs and average workers. Proponents of high CEO compensation argue that their leadership skills generate significant returns for investors, thus justifying their substantial paychecks. However, critics highlight that stock market returns have not...

Inflation is easing in several leading African economies, but Nigeria continues to face high consumer prices. The National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation rose to 34.19% in June, up from 33.95% in May 2024. Conversely, South Africa, recognized by the International Monetary Fund as the continent's...

Mark Arian, CEO of Korn Ferry Consulting, reported that 71% of U.S. CEOs experience "imposter syndrome." This statistic is based on a recent Korn Ferry survey of 10,000 global employees, which is part of the "Workforce 2024 Global Insights Report." The survey indicates that feelings of doubt at work are...

Allegiant Travel Company announced on Thursday that Gregory C. Anderson, currently the president, will assume the role of CEO in September, succeeding the long-serving Maurice Gallagher. Gallagher, who has been a pivotal figure in the company’s growth, will continue to serve as the chairman of the board. The Las Vegas-based...