archiveGlobalization Insider

Sinopec, formally known as China Petroleum and Chemical Corp., reported a slight profit increase in the first half of the year despite facing significant challenges from a slowing Chinese economy and steep declines in its core fuel processing and sales businesses. The company’s net income rose by 1.7% year-on-year to...

You’ve heard the idiom “Age is just a number.” In other words don’t let the number of years you’ve lived on this planet define who you are or what you are capable of. No matter one’s age, you can continue to grow and achieve. Shrug off ageist statements such as...

Catharina Eklof has been appointed as the new Chief Executive Officer of Idex Biometrics, following a successful three-year period as the company’s Chief Commercial Officer. During her tenure, Eklof played a pivotal role in transforming Idex from a component supplier into a prominent provider of biometric solutions. Prior to joining...

The rapid pace of innovation in the space industry is both fascinating and unprecedented. Private-venture companies and startups are coming together to develop a wide array of innovations at an astonishing speed. This trend, fueled by substantial investments, is transforming the landscape of space exploration and commercialization. A consultant from...

'Casual' workers, who often operate without formal contracts or social protections, remain highly vulnerable across Europe despite the region's lower overall informal employment rates compared to the global average. Informal employment, defined as work without legal protection or social security, continues to be widespread globally. According to 2023 estimates by...

The United States has launched a new initiative aimed at countering the illicit financing of environmental crimes in the Amazon, signaling that the issue is becoming a higher international priority. U.S. Treasury Secretary Janet Yellen recently introduced the Amazon Regional Initiative Against Illicit Finance, designed to enhance training, cooperation, and...

The Everen Group, a consortium of leading energy insurance companies, has announced the appointment of Robert Foskey as its new President and Chief Executive Officer, effective August 5, 2024. Foskey brings a wealth of experience and a proven track record within the Everen Group, positioning him to guide the company...

China's economy is experiencing a notable slowdown, prompting the Chinese government to set an ambitious economic growth target of 5.0% for 2024. This target, deemed ambitious by many analysts, may require additional stimulus measures to achieve. Following the disappointing second-quarter figures, Goldman Sachs revised its forecast for China's 2024 growth...

Jensen Huang, CEO and co-founder of Nvidia, saw his fortune increase by nearly $12 billion on Wednesday, July 31, following a historic day for the company. This remarkable gain surpasses the $9.6 billion he added on February 22 when Nvidia’s shares soared after a robust earnings report, as reported by...

Donald Bren, Chairman of Irvine Company, leads a group of six prominent real estate developers and investors in Orange County, with a combined net worth of $47 billion. Bren, who is the richest person in Southern California and the largest real estate developer in the U.S., has a personal wealth...