Language services provider BLEND has announced the appointment of Yoav Ziv as its new CEO. Ziv, a seasoned professional with 27 years of experience in business and technology, including executive roles at Amdocs, succeeds Yair Tal, who has held the position since 2019. In a press release discussing the transition,...

British International Investment (BII), the UK’s development finance institution and impact investor, has unveiled a new initiative under its recently launched $127 million Mobilisation Facility. The program aims to enhance the flow of private capital into emerging economies that are often considered too high-risk for global investors. Emerging markets, which...

Zurich's UK branch has announced Drazen Jaksic as its new CEO, succeeding Tim Bailey, who has led Zurich UK since January 2021. The transition marks a significant leadership change for one of Zurich’s primary markets. Alison Martin, CEO of EMEA & Bank Distribution, expressed her confidence in Jaksic's abilities, noting...

As it celebrates four decades since its founding in Lomé, Togo, Ecobank Transnational Incorporated stands at the crossroads of change, navigating a dramatically altered financial landscape. The bank, with the broadest footprint across West and Central Africa, is operating in a world reshaped by technological advancements and evolving customer demands,...

Global efforts to decarbonize heavy industries such as steel, cement, and chemicals are gaining momentum, with approximately $1 trillion worth of projects currently under development. These industries collectively account for over 30% of global greenhouse gas emissions, emphasizing the urgency of addressing their environmental impact. The challenge lies in securing...

The United States has imposed sanctions on Kapila Chandrasena, the former CEO of SriLankan Airlines, as part of a broader anti-corruption initiative. Chandrasena, who led the airline from 2011 to 2015, was among 14 individuals designated for sanctions on December 9, 2024, coinciding with International Anti-Corruption Day. According to a...

Elon Musk, the world’s wealthiest individual, has achieved a historic milestone as his net worth exceeded $400 billion. By Wednesday afternoon, his assets—comprising Tesla, SpaceX, and xAI—were valued at an estimated $428 billion. This places Musk in a league of his own, with a fortune larger than any other billionaire...

Banco BPM’s shares soared on Monday following an announcement from French banking giant Crédit Agricole that it plans to increase its stake in the Italian lender. The announcement, made late last week, sent Banco BPM’s stock climbing over 2% in early trading, marking its most significant rise since January 2016....

The collective wealth of Indonesia’s 50 wealthiest individuals has surged by $11 billion in 2024, reaching $263 billion compared to $252 billion a year ago. For the first time, the minimum net worth required to make the list surpassed $1 billion, increasing from $940 million last year. Among the wealthiest,...