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Australia's economy grew better than expected in the June quarter, driven by increased government spending, although per capita activity shrank for a record sixth consecutive quarter. The Australian Bureau of Statistics (ABS) reported a 1% growth in gross domestic product (GDP) compared to the same period in 2023, exceeding the...

After leading DBS Bank for 15 years, Piyush Gupta announced last month that he would step down as CEO in March 2025. His successor, Tan Su Shan, will make history as the bank's first female CEO and the first internal candidate to be appointed to the top position. Tan, 56,...

Polestar is set to replace its long-serving CEO, Thomas Ingenlath, with Michael Lohscheller, a seasoned automotive executive with experience leading Opel, VinFast, and Nikola. This leadership change comes as Polestar strives to address ongoing challenges, including delayed model launches, missed delivery targets, and a gradual separation from its co-founder, Volvo...

International credit rating agency Fitch Ratings has cautioned that the ongoing Mpox outbreak could negatively impact the economies of African countries and strain their fiscal positions. In a commentary released on Wednesday, Fitch highlighted that an escalation in the spread of Mpox in sub-Saharan Africa could increase the likelihood of...

Over the past six months, unemployment rates have been on the rise across several advanced economies, including the United States, the United Kingdom, Canada, Germany, Australia, and Switzerland, according to Fitch Ratings' latest '20/20 Vision' report. Although unemployment remains low by historical standards, the easing of labor market conditions is...

The FTSE 100 and European stocks saw gains on Thursday, with Wall Street also advancing, as the U.S. economy demonstrated stronger-than-expected growth in the final quarter of last year. According to the Bureau of Economic Analysis (BEA), U.S. gross domestic product (GDP) increased by 3.4% in the last quarter of...

If you want to make it to the top of the business world, there are essential skills that you need to have. Some people are extremely driven to make it to the top, and this gets them to a certain point. But without razor-sharp cognitive abilities, you will likely be...

The United States has long been recognized as a global leader in innovation, producing groundbreaking technologies that have transformed industries and improved lives. Many middle-income countries aspiring to achieve high-income status often look to the American innovation model for inspiration. The latest World Development Report identifies three key lessons from...

Estée Lauder Companies (ELC) reported a 2% decline in net sales, totaling $15.6 billion for the fiscal year ending June 30, 2024. This decrease reflects the ongoing struggles in the Chinese market for prestige beauty products, as well as other global challenges. Organic net sales, which exclude the impact of...

From 80% Security Risks to Zero Incidents: A DevOps Success Story  According to IBM's latest Cost of a Data Breach Report, the average cost of a security breach hit a record high of $4.88 million in 2024. The study reveals that excessive access permissions remain the primary vulnerability, with over...