archiveEconomics Insider

Stanford Le, a seasoned executive from the Las Vegas casino industry, has officially assumed his role as CEO of Crown Sydney, marking a significant step in Crown Resorts' leadership restructuring following the recent restoration of its operating licenses in key markets Sydney and Melbourne. Le, who succeeds outgoing CEO Mark...

The OPEC Secretariat has announced that eight OPEC+ member countries—Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman—have agreed to extend voluntary production cuts of 2.2 million barrels per day (bpd) for an additional month, extending the reductions through December 2024. These adjustments, initially announced in...

Forget what you thought you knew about leading teams—old ideas no longer apply in a world of remote work, artificial intelligence, and constant disruption. In fact, just 15% of the world’s most successful companies have engineered a totally new way of collaboration. To win in today’s volatile world, you cannot...

US insurance brokerage TIH has announced that Dave Obenauer, its current President, will assume the role of Chief Executive Officer effective January 1, 2025, as current CEO John Howard transitions to Vice Chair. With over 35 years in the insurance industry and tenure at TIH dating back to 2007, Obenauer...

Kristo Käärmann, founder and CEO of the money transfer service Wise, has been fined $453,760 by the Financial Conduct Authority (FCA) for neglecting to inform the regulator about a tax default. The FCA reported on Monday that Käärmann had failed to disclose a previous fine imposed by HM Revenue and...

The net worth of China’s wealthiest individuals took a major hit this past year due to economic challenges and declining stock markets, according to data from the Hurun Research Institute. Specifically, 1,094 individuals across mainland China, Hong Kong, Taiwan, and Macau held personal fortunes exceeding $700 million as of August...

Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), criticized advanced economies for creating trade barriers, including on renewable energy products. He stated that there is "no longer free trade" in the global economy. Jin noted that trade conflicts between advanced and emerging economies have increased, partly because manufacturers...

Villain, Visionary, and Oracle: This story brings together a villain, a visionary, and arguably the greatest investor of all time. The villain was Tino DeAngelis, allegedly involved in black market sales during World War II. He repeatedly paid $100,000 fines for producing and exporting substandard cooking fat products. DeAngelis later created...

Jeff Jones will step down as the CEO of Apple Corps Ltd, the company announced on Monday, following 17 years in the role. Apple Corps Ltd, founded by the Beatles in 1968 to manage the band’s interests in music, film, publishing, and other ventures, has seen Jones at the helm...

A massive $50 million deal for four combined homes is set to make waves on Australia’s most exclusive street, Wolseley Road in Point Piper. The four units, located at a single address, are being sold together, offering the potential to become either a grand trophy home or a prime development...