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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....

A recent report revealed that 45% of businesses have aimed to reduce staff and labor through new task automation processes since January 2022. Additionally, 85% of these businesses cited improving speed and quality of output as their primary goal. The potential of AI tools continues to be explored, but their...

Paramount Global's co-CEOs updated their 20,000 employees on their strategies to cut costs, increase revenue, and reduce debt following the called-off merger with Skydance. The town hall, held on June 25 at the Paramount Theatre in L.A., featured insights from George Cheeks (President and CEO of CBS), Chris McCarthy (President...

“What can I do except worry? The engineering team are the only ones who can deliver the changes our customers need, but I can’t do anything meaningful to help them or keep them on track. So, I fret constantly about whether they’ll hit the end-of-quarter deadline.” My coaching client, the...

For decades, retirement has been synonymous with rocking chairs and shuffleboard. But a new wave of senior living communities is putting those stereotypes to bed, offering a plethora of activities, social connection, and a renewed sense of purpose. A smart businessperson should plan for their retirement in the same way...

Greek energy company Energean has announced an agreement to sell its assets in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The deal is valued between $820 million (€763 million) and $945 million (€880 million). Energean, listed on the London and Tel Aviv stock exchanges, highlighted that the sale...

The European Union has reignited financial oversight rules that were previously suspended during the novel coronavirus pandemic, leading to renewed tensions with high-spending member nations over budget deficits. The reactivation of these financial regulations subjects eight countries—Belgium, France, Hungary, Italy, Malta, Poland, and Slovakia—to the EU's Excessive Deficit Procedure, joining...