archiveChief Risk Officer Insider

Monday proved to be a harsh day for billionaires worldwide, as a massive market selloff wiped out a staggering $201.9 billion from the collective net worths of the world’s 2,713 billionaires in less than 24 hours. The turmoil began in Asia, where Japan's Nikkei index plummeted by 12%—its worst trading...

Google has expanded its AI-based fire alert tool to 15 new countries across Europe and Africa. This advanced tool provides detailed fire boundary monitoring via Google Search, Maps, and push notifications. The newly included countries are Andorra, Bosnia & Herzegovina, France, Greece, Spain, Italy, Kenya, Croatia, Cyprus, Montenegro, Monaco, Portugal,...

A recent survey by CEO Score, a corporate data research institute, revealed that over half of South Korea's major corporations have not initiated any new business ventures in the past five years. This investigation focused on 331 of the top 500 companies in South Korea that have submitted business reports...

Elon Musk, the world's wealthiest individual, experienced a significant decrease in his wealth on Wednesday as Tesla's stock price plummeted, impacting the net worths of several other billionaires linked to various companies. Although Musk's loss was the most substantial, he wasn't alone in facing financial setbacks. Several high-profile billionaires saw...

The summer Olympics, scheduled from July 26 to August 11, will feature 10,500 athletes competing in 329 events. The Paralympics will follow from August 28 to September 8, with 4,400 athletes participating in 549 events. The Olympics will see representation from 206 countries, while 184 countries will compete in the...

Startups and big corporate firms have surprisingly little in common. Sure, we’re all “in business”, but the way we conduct business – treat customers, attack markets, and manage our employees – is fundamentally different. The job of a corporate CEO and a startup Founder/CEO carry similar differences. Leading a corporate...

As of early 2024, nine countries possess nuclear weapons, some legally and some not so legally, with an estimated 12,121 warheads among them. The Nuclear Nonproliferation Treaty (NPT) officially recognizes five nations as nuclear-armed states: the United Kingdom, China, France, the United States, and Russia. Notably, Russia has the most...

In response to recent developments, including Broadcom's acquisition of VMware, Nutanix is revising its internal strategies. Nutanix CEO Rajiv Ramaswami emphasized the urgency of these adjustments. Ramaswami noted that customers were uncertain about the implications of the acquisition, which closed last November. By May, customers had observed changes in pricing,...

Jesper Kristensen, the long-serving CEO of Unifeeder Group, has decided to step down from his position. Additionally, Kristensen has resigned from his role as Chief Operating Officer of DP World Marine Services, a position he held since 2021. Martin Gaard Christiansen will succeed Kristensen, overseeing Unifeeder's operations in Europe, the...

According to McKinsey's latest ConsumerWise Survey, consumers in key Asia-Pacific (APAC) markets have become increasingly cautious and thoughtful in their spending habits since the beginning of the year. The report indicates a trend of trading down as consumers seek to save money, although selective splurging continues. Consumer confidence remains higher...