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Friday, October 18, 2024

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Banking and Finance

Campari CEO Steps Down in Less Than 6 Months, Prompting a 6% Drop in Company’s Shares

The CEO of Campari, Matteo Fantacchiotti, has stepped down abruptly after less than half a year in his position, prompting a notable 6% drop in the company's shares on Wednesday morning. Campari, headquartered in Milan, attributed the departure to personal reasons, as Fantacchiotti had only assumed the role in April....
Banking and FinanceSpecial Reports

The Debt Crisis Weighing Down the World’s Least Developed Countries

Debt has become a mounting challenge for developing nations, particularly the least developed countries (LDCs). These nations face higher borrowing costs, weaker debt management capabilities, and limited representation in key international forums that address debt issues. The COVID-19 pandemic significantly worsened the financial situation for LDCs, driving up public debt,...
CEO OpinionsSpecial Reports

Sustainability Slips as CEOs Shift Focus to AI and Economic Challenges, Bain Report Reveals

Sustainability and environmental issues are taking a back seat for many chief executives, even as consumer concerns about climate change continue to grow, according to a recent report by Bain & Co. Released on Monday, the report highlighted that CEOs are now prioritizing artificial intelligence, business growth, inflation, and geopolitical...
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