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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...

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...

The modern work environment has undergone a seismic shift, largely accelerated by the global pandemic, as organizations worldwide transitioned to remote and hybrid work models. This transition has not been a mere temporary adjustment but a profound transformation in “when,” “where” and “how” we work. The emergence of these new...

Across the globe, 91 countries and territories have implemented full or partial bans on plastic bags. Africa has been particularly proactive in this area, while Europe predominantly opts for charging fees or taxes to curb plastic bag usage. However, the trend in Europe is shifting towards bans, especially for smaller...

New research has revealed that Canada is the country that most people around the world want to relocate to. Experts at 1st Move International analyzed Google search data to see where people were looking to immigrate — and the North American nation appeared more than any other. More than 1.5 million...

Seasoned C-suite exec Kimberly Grant has worn many professional hats — president, global chief executive, CEO, and COO, to name a few. Has it been a carefree journey? Not always. Did she have to clear the hurdles so many women face in the corporate sector? She sure did. Now, she’s...

South Korea's SK Hynix, the world's second-largest memory chip maker, plans to invest about $75 billion by 2028 to enhance its semiconductor business with a strong emphasis on artificial intelligence, according to a Sunday announcement from its parent company, SK Group. SK Group also aims to secure approximately $58 billion...

Toine Rodenburg is an e-commerce maven, entrepreneur, and international investor. Originally from the Netherlands, Toine Rodenburg became heavily involved in the emergent business trend of e-commerce, which led to his co-founding MyMalls, a leading e-commerce shipping company serving Canada, Latin America, and the Caribbean. Beyond his professional life, Toine is...

In December 2023, UBS researchers released a report detailing enterprise AI spending plans based on a survey of IT executives from around 130 organizations. The survey covered various AI components, including chips, models, cloud infrastructure, data, security, and application software. After more than six months, UBS has updated its findings,...