archiveEconomics Insider

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...

As CEO, so the adage goes, you have two jobs—hiring the right people and making sure you don't run out of money. In this increasingly turbulent world, providing the leadership that sets the tone for the rest of the company is also critical if it’s to stay the course. Yet...

Global CEO Laura Maness has announced Sarah Trombetta as the new CEO for Grey's APAC region, effective immediately. Trombetta, who previously led Grey Hong Kong from 2016 to 2019 and currently serves as AMEA chief client officer for P&G at Grey and WPP, will now oversee Grey's operations across APAC....

After years of delays, Woodside has commenced oil extraction from the Sangomar offshore field, located approximately 100 kilometers south of Dakar. The floating production facility boasts a storage capacity of 1.3 million barrels and operates at a depth of 780 meters. It is projected to produce between 100,000 and 125,000...

Johann Rupert, South Africa's wealthiest individual, has crafted an extensive business empire spanning luxury goods, food, media, private healthcare, tobacco, and telecommunications. He is notably the chairman of Swiss-based Richemont, a leading luxury goods company, and Remgro, a diversified investment firm in South Africa. Although Rupert inherited a business legacy...

The wealth of the world's affluent is surging to unprecedented levels, driven primarily by gains in North America, according to Capgemini's 28th annual World Wealth Report. The report highlights a 4.7% increase in the wealth of high-net-worth individuals (HNWIs) worldwide, totaling $86.8 trillion in 2023, and a 5.1% rise in...

Timbuktoo and the United Nations Development Programme (UNDP) recently participated in the Africa CEO Forum in Kigali, engaging with business leaders to foster innovation and support the entrepreneurial aspirations of Africa's youth. The event attracted over 2,000 participants, including thought leaders, executives, and decision-makers, all focused on shaping the continent's...

As the globe struggles with declining air quality and rising oil import costs, there is a growing demand for electric vehicles or EVs. The ecosystems for energy production and distribution are changing as a result of the introduction of EVs. Under a carbon-free energy generation strategy, it is inherently unacceptable...