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Whirlpool Corporation recently announced workforce reductions of 1,000 people globally, initially targeting office staff, amid a backdrop of shifting market dynamics. The company, grappling with sluggish demand and escalating manufacturing costs, witnessed a precipitous decline in its stock value, plummeting by over 11% following the news. CFO Jim Peters cited...

According to an American Psychological Association (APA) survey, 79% of 1,501 US adult workers reported experiencing work-related stress. Also, almost three out of every five workers experienced negative effects, like feeling mentally drained and emotionally overwhelmed. Ignoring the importance of mental health to chase quick wins can seriously backfire, making...

Arch Insurance International, a division of Bermuda-based re/insurer Arch Capital Group Ltd., has announced the appointment of Kirsten Valder as its new Deputy Chief Executive Officer, effective immediately. As Deputy CEO, Valder will be tasked with overseeing the development and evolution of Arch Insurance International's platforms across various markets, including...

In a significant development, Archer-Daniels-Midland (ADM.N) announced on Monday that Chief Financial Officer Vikram Luthar will resign from his position, effective September 30th. As part of his resignation agreement, Luthar will receive a cash performance incentive award for 2023 and shares tied to company performance. He will continue to support...

NowCM has announced the appointment of Markus Sauerland as its new Chief Operating Officer and Co-Chief Executive Officer, effective April 1, 2024. With over three decades of global expertise in banking and capital markets, Sauerland brings a wealth of experience to his new role at NowCM, headquartered in Frankfurt am...

Global CEOs are feeling optimistic despite the challenges posed by an election year in the United States, India, and the European Parliament, as well as economic and global conflict stress. According to KPMG's 2023 CEO Outlook report, released last week, a strong majority (73 percent) of global CEOs are confident...

In a sudden turn of events, James Warburton, the CEO and managing director of Seven West Media, has made an immediate departure following a recent board meeting. Originally slated to conclude his tenure by the end of FY24, Warburton's resignation comes amidst various controversies, including investigations into expense scandals and...

Digicel Group has unveiled Leopoldo Gutierrez as its new Group Chief Financial Officer, effective from May 1, 2024. With over two decades of experience in global operations, including a distinguished tenure of 15 years with Latin America operator Tigo in various senior finance capacities, Gutierrez brings a wealth of expertise...

Women in the U.S. are increasingly taking control of their finances and making smart investment choices, but the gender pay gap remains a significant obstacle. According to an analysis by CEOWORLD magazine, certain states in the US have a significant pay gap between men and women. The study calculated the...

Curious about the richest economies in Europe? According to GDP per capita data, Monaco and Liechtenstein are the two richest economies in Europe in 2024. This report aims to provide insight into the richest economies in Europe in 2024, arranged by their GDP per capita data. While smaller countries like...