archiveEconomics Insider

European destinations are proving popular among billionaires this summer. Jeff Bezos and Mark Zuckerberg have embarked on lavish yacht holidays, while Bernard Arnault and Elon Musk are set to attend the Olympics and Burning Man festival. Two weeks ago, Jeff Bezos and his fiancée, Lauren Sanchez, were seen touring Greece...

Mergers and acquisitions (M&A) are transformative business activities that can drive growth and enhance competitive positioning. However, these deals are complex and require careful planning and execution.   If you're a CEO or decision-maker, you must understand the legal intricacies of managing an M&A deal to ensure its success. This article...

UnionBank of the Philippines, under the control of the billionaire Aboitiz family, has appointed Ana Maria Aboitiz Delgado as its President and CEO, effective January 2025. This move aims to expand the bank's retail banking presence nationwide. Delgado, a fifth-generation member of the Aboitiz family and daughter of the late...

The EUROJET Consortium has announced the appointment of Ralf Breiling as the new Chief Executive Officer of EUROJET Turbo GmbH, effective July 1, 2024. Breiling, who will take over from the retiring Gerhard Bähr, brings over 30 years of experience in the aerospace industry. The EUROJET consortium, responsible for managing...

Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has dropped significantly, from 95.93% last year to 79.22%, according to a stock market filing on Tuesday. This decline follows a recommendation from proxy advisor Institutional Shareholder Services (ISS) against Son's reappointment. ISS Recommendation and Reasons ISS opposed...

Tea brand Chagee has appointed Lawrence Wen as its new Chief Executive Officer in Singapore, according to a LinkedIn post by Wen. "With more than 5,000 stores globally, I am excited to reintroduce Chagee's modern tea beverages to Singapore with a new retail design," Wen announced. Expansion Plans and New...

I’m driven by change - whether that’s transforming a business or my role within that organization. There is no reason for anyone to leave a company in a hurry. But if you want change in your own career, want to move cultures and businesses to greater heights, then take my...

Philipp Triebel and Malte Horeyseck, the co-CEOs of SellerX, an Amazon aggregator startup backed by BlackRock, are set to leave the company. Their departure comes three years after they each sold shares worth at least $7.1 million. SellerX, founded by Triebel and Horeyseck in Berlin in August 2020, announced the...

Honda Motor's CEO, Toshihiro Mibe, expressed deep regret to shareholders on Wednesday for the irregularities discovered in the company's engine testing processes. The apology was delivered during Honda's annual shareholders' meeting in Tokyo. Mibe extended a heartfelt apology for the anxiety caused by these issues, emphasizing the company's commitment to...

By 2025, over 32.6 million Americans are projected to work remotely. Only 46% of coworking spaces are profitable, despite the growing demand for solutions for remote work. This disparity draws attention to how inadequate traditional coworking models are. The Reasons Traditional Coworking Is No Longer Preferred Traditional coworking models have...