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Airbus CEO Guillaume Faury announced significant changes to the company's Space business following notable charges that impacted the second quarter financial results, as detailed on July 30. In its first-half results for 2024, Airbus reported a 4% year-over-year increase in consolidated revenues, attributed to higher commercial aircraft deliveries and increased...

Boeing has announced Kelly Ortberg as its new Chief Executive, selecting the former head of one of its suppliers to navigate the company through one of the most challenging periods in its history. Ortberg will commence his role on August 8 and join Boeing’s Board, concluding months of speculation following...

Biography: Ivan Safonov, founder and CEO of Orion Solutions, was born in 1984 in Moscow. From his youth, Safonov Ivan demonstrated exceptional abilities in exact sciences, especially loving to study information technology. His parents, noticing their son's talent, decided to enroll him in a specialized class with advanced mathematics at Moscow's...

Finance ministers and central bank governors from the G-20 major advanced and emerging economies have endorsed a statement advocating for the expedited implementation of digital services taxes, targeting large information technology companies. This decision, made during the first day of a two-day meeting in Rio de Janeiro, underscores the G-20’s...

For decades, South Korea has imposed an inheritance tax of up to 60% on the controlling shareholders of major companies like Samsung Electronics, compelling billionaire families to engage in complex financial maneuvers to meet their tax obligations. Now, these affluent families may soon see significant relief. President Yoon Suk-yeol plans...

Deciding where to live is crucial, and finding the best country to live in is essential. Our 2024 Human Progress Index (HPI) rankings thoroughly analyze factors such as quality of life, life expectancy, education, political stability, per capita income, and opportunities. A country gets a higher score on the Human...

Despite headlines about record-breaking concert revenues and skyrocketing ticket prices, a recent survey reveals that most musicians are not reaping the benefits, finding it increasingly challenging to profit from live performances. A study conducted by the rehearsal and recording studio chain Pirate surveyed 1,700 band members, solo artists, and DJs....

According to the Asian Development Bank (ADB), the Philippines is expected to meet its economic growth target for this year, supported by decreasing inflation and anticipated interest rate cuts. However, projections for next year indicate that the growth might not fully align with the government's objectives. In its recently published...

In a region where policy shifts, governance changes, and technological advancements continuously reshape the economic landscape, the Middle East is embracing an era of constant transformation. PwC's recent Middle East Workforce Hopes and Fears Survey highlights a workforce that is not only engaged and forward-thinking but also deeply optimistic about...

The wealthiest farming family in California, Stewart and Lynda Resnick, are planning to significantly expand an industrial warehouse complex to transform the small town of Shafter into an international trading hub. The Resnicks, who own The Wonderful Company, already possess a large distribution center in Shafter, northwest of Bakersfield. The...