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The International Monetary Fund (IMF) has raised concerns about China's manufacturing sector, highlighting issues of overcapacity despite a generally improved economic outlook. China last faced significant overcapacity in 2014-2016, following extensive stimulus packages introduced by Beijing and local governments during the 2008-2009 Global Financial Crisis. This overcapacity was particularly evident...

PwC's 2024 AI Jobs Barometer reveals that industries rapidly adopting AI—such as professional services, financial services, and technology—are experiencing productivity growth five times faster than those with slower AI adoption. Workers possessing AI skills can command up to a 25% wage premium. AI is revolutionizing worker capabilities and their value...

Italian creativity, deep knowledge of Swiss watchmaking and high-tech to reach new heights: this is the essence of Bvlgari watches, according to its boss, Antoine Pin. Any young watchmaker should master the old way, before daring into the new territories where we should take the industry. Who are you and...

Christophe Fouquet, the CEO of Dutch semiconductor giant ASML, along with his predecessor Peter Wennink, have expressed strong objections to U.S. limitations on ASML's chip-making equipment exports to China. In a recent interview, Fouquet emphasized that the automotive industry relies heavily on critical chips predominantly manufactured in China. He argued...

Former GPT Group CEO Bob Johnston is set to join the board of fellow property developer Stockland, starting October 1. Johnston's appointment follows his departure from GPT in March, where he had served as Chief Executive for eight years. His extensive career in the property sector includes significant leadership roles,...

Amidst the considerable hype around AI and its seemingly endless possibilities, the technology’s proponents and critics alike can be prone to embellishment – making the extent of its investment potential difficult to ascertain. ‘Revolutionising’. ‘Unbiased’. ‘Productivity gains’. ‘Impersonal’. ‘Unethical’. ‘Make humans obsolete’. All these and more have been attributed to...

Kiran Khawaja, CEO of Fajar Realty, received the "Top Female CEO Of The Year" award at the Saga Awards, held on March 3, 2024, at the Dusit Thani Hotel in Dubai. The award was presented by Bollywood star Suniel Shetty, recognizing Khawaja's significant contributions to the real estate industry. The...

Emerging economies have been pivotal in shaping global agricultural market trends over the past 20 years and are anticipated to continue this influence in the coming decade, according to a recent report by the Food and Agriculture Organisation of the United Nations (FAO) and the Organisation for Economic Cooperation and...

Annually, CEOWORLD magazine compiles a list of top books in business, technology, workplace culture, and more, endorsed by influential leaders like CEOs, CFOs, senior executives, business leaders, private equity investors, investment bankers, and high-net-worth individuals. Make sure to delve into their 2024 annual book recommendations for an exceptional read! Have...

India is rapidly closing the gap with China and Vietnam in the realm of mobile phone exports. While China still leads, India is making significant strides. Chinese exports declined by 2.8% to $132.5 billion in FY24, and Vietnam experienced a more substantial drop of 17.6% to $26.27 billion. In contrast,...