archiveCorporate Directors Insider

Over the past five years, the Pacific Australia Labour Mobility (PALM) scheme has seen significant changes. In June 2019, Australia hosted 5,886 PALM visa holders, a number that skyrocketed to 32,513 by May 2024—a remarkable increase of 450%. Several factors contributed to this surge, notably the prioritization of PALM workers...

The G7 nations are prepared to channel up to $200 billion into infrastructure projects across Central Asia, with Kazakhstan emerging as a primary beneficiary. Helaina Matza, the Acting Special Coordinator for the Partnership on Global Infrastructure Investment (PGI) within the U.S. Department of State, revealed this information during a meeting...

The Gulf Cooperation Council (GCC) economies are set for slower growth this year due to ongoing oil production cuts, with Saudi Arabia's economy being significantly impacted, according to a poll of economists. A survey conducted between July 8 and 22 involving 24 economists forecasts that Saudi Arabia's economy will grow...

Marketing Director of the SEVEN PIECES brand, a leading expert on integrated marketing communications and developer of apple bio-leather, talks about the prospects of using bio-leather in light and heavy industry. According to the Sustainable Apparel Coalition, natural leather's negative impact on the ecology far outweighs that of bio-leather. Therefore,...

Global income and wealth inequality significantly contribute to the economic crises experienced worldwide each year. Income inequality has been a problem for a long time. It started when wealth was concentrated during the monarchies and controlled by a few rich families. Burundi has the highest income or wealth inequality globally,...

Five Below announced Tuesday that its CEO and President, Joel Anderson, has resigned as the discount retailer faces declining sales and other challenges. The Philadelphia-based company, which caters to teens, has been grappling with reduced spending by lower-income shoppers and increasing theft. Consequently, it has also lowered its financial outlook...

HSBC announced on Wednesday that Georges Elhedery will assume the role of group CEO starting September 2. Elhedery, currently the Chief Financial Officer, will replace outgoing head Noel Quinn. HSBC has not yet announced a successor for Elhedery as CFO. During the transition, Quinn will work closely with Elhedery to...

Over the past decade, Medellín has undergone a remarkable transformation. Known for its turbulent past, the city has redefined itself as a top destination for tourists and investors. The real estate market in Medellín has been a major part of this change, attracting both local and foreign investors. In the...

Latin America's economic growth has lagged behind Asia's in the twenty-first century, expanding at only half the pace. A recent World Bank study attributes this to the region's cities lacking productivity. Over the past two decades, rural areas experienced economic boosts due to advancements in agriculture and increased global demand...

The United States boasts the highest number of billionaires globally, while Switzerland leads in average wealth per person. Germany also ranks prominently in these metrics. According to the latest Global Wealth Report by Boston Consulting Group (BCG), Germany is home to around 3300 billionaires. In contrast, the USA has approximately...