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San Francisco's once-thriving hotel industry is now facing a significant financial crisis as a sharp decline in tourism has left the city's largest hotels burdened with substantial debt. According to the Kroll Bond Rating Agency, the combined value of the Hilton Parc 55 and Hilton San Francisco Union Square has...

Eleven out of the 27 EU member states have implemented legal measures to impose restrictions on telecom suppliers deemed high-risk, such as Huawei and ZTE, for their 5G network infrastructure, according to a European Commission spokesperson speaking to Euronews. While one new country has recently joined this list, and a...

While many CEOs acknowledge the severity of the climate crisis, they often struggle with how to leverage business opportunities and manage risks related to climate change. According to PwC's 27th Annual Global CEO Survey, only 30% of 4,702 CEOs view climate change as a factor that will alter their business...

Abrdn Plc reported positive net inflows in the first half of 2024 as the asset management firm continues its search for a new permanent chief executive officer. The firm announced on Tuesday that clients contributed a net of around $1 billion to its funds during the first six months of the...

Industry veteran Manuj Agarwal has taken on a pivotal role by becoming the Chief Executive Officer of Eva Live, a leading IP and live event company. This marks a notable shift in the Indian live events and concerts sector, with Agarwal bringing extensive experience and leadership to the dynamic firm....

Recently, the European Commission sanctioned two initiatives aimed at enhancing the production of green hydrogen. These initiatives include a $1.3 billion program for Spain and an approximate $1.1 billion program for the Netherlands. The Dutch initiative, sanctioned under EU State aid regulations, is set to back the establishment of at...

Insignia Financial has named Dave Woodall as the CEO of its superannuation business, effective November 1. This move is part of the wealth manager's significant reorganization of its operational model and executive team. This appointment aligns with Insignia's recent restructuring, which organizes the company into four focused business lines: asset...

Over the past decade, the world’s richest 1% have amassed an additional $42 trillion, according to a recent report by Oxfam. The non-governmental organization highlighted that taxes on the wealthy have fallen to "historic lows," exacerbating global inequality and leaving the majority to contend with limited resources. Oxfam's report revealed...

Change is the only constant in life, both in and out of the workplace we will all face changing situations and people. Some changes are forced, and others are by our own doing. Many people resist change, while others embrace it. It all comes down to how we are wired...

Christian Laibacher, the CEO of Solar Fabrik, has been detained by German authorities due to an ongoing investigation led by the Würzburg public prosecutor's office. While specific details of the case remain undisclosed, it has been confirmed that the inquiry pertains to the activities of ESC Verwaltungs GmbH & Co....