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The International Monetary Fund (IMF) has lowered its growth projections for Middle Eastern economies, attributing this revision to oil production limitations and the ongoing Israel-Gaza conflict. In its latest World Economic Outlook update, the IMF pointed out that while the global economy showed resilience last year, it now faces challenges...

Brian Lesser, a seasoned Madison Avenue executive with extensive experience in senior media-investment roles, has been appointed as the global CEO of WPP's GroupM media firm. This position is highly influential in managing the flow of advertisers' funds. Lesser replaces Christian Juhl, who, after five years as CEO, will transition...

If you live in the United States, you likely have gotten help from a non profit whether you realize it or not. With so many different nonprofits in the US—a recent study shows that 1.97 million nonprofits operate in the US, their services are abundant. However, many operate without a...

Nielsen's metadata unit Gracenote has appointed former Snapchat executive Jared Grusd as its Chief Executive Officer, marking the first time this newly created role has been filled. Grusd assumed the position on July 8, reporting directly to Nielsen CEO Karthik Rao, who has been leading the company since September. Prior...

Australia's ANZ Group (ANZ.AX) has announced plans to thoroughly investigate allegations of misconduct within its bond trading operations, with a commitment to hold individuals accountable for any wrongdoing, according to an email from CEO Shayne Elliott. The email follows media reports that ANZ overstated the value of government bonds traded...

Following the announcement of Skydance Media's $8 billion acquisition of Paramount Global, Paramount's current co-CEOs, Brian Robbins, George Cheeks, and Chris McCarthy, informed staff that operations will remain unchanged until the transaction is finalized. The deal is projected to close in the first half of 2025, pending regulatory approvals. The...

Revolut's CEO, Nikolay Storonsky, is set to divest a portion of his holdings in the company. This decision aligns with a broader initiative to facilitate the sale of shares held by employees and other existing shareholders. Storonsky's stake in the British financial technology firm is valued in the billions. He...

Despite mounting concerns about rising prices, the United States has maintained its position as the world’s largest economy, with an impressive GDP of $28.78 trillion. China closely follows with a substantial GDP of $18.54 trillion. Meanwhile, Germany solidified its position as Europe’s economic leader with a GDP of $4.59 trillion,...

Perhaps more than ever, startups face numerous challenges in today's dynamic business environment.  One of the most significant challenges is securing funding. According to accomplished entrepreneur and business consultant Xavier Staggs, the startup financing landscape has fluctuated dramatically. "In 2019, a quality startup could raise $5 million with relative ease...

Larry Culp is set to continue leading GE Aerospace, with the company's board of directors approving a new employment agreement on June 30. This extension ensures Culp will serve as CEO and board chair at least until the end of 2027, with a possibility to extend his term through 2028....