The Food and Agriculture Organization (FAO) of the United Nations has released its latest Food Outlook report, projecting that the global food import bill will surpass $2 trillion in 2024, marking a 2.2% increase from the previous year. This rise is primarily driven by higher prices for commodities like cocoa,...

Manulife Financial recently announced a major leadership transition, as Asia division head Phil Witherington is set to replace current CEO Roy Gori. Gori, who has led Canada's largest life insurance company since 2017, will step down from his role on May 8, 2025, but will remain with the company as...

Greencross Pet Wellness Company has revealed that Lucas Barry will take on the role of Chief Executive Officer starting January 1, 2025. Barry, currently serving as Group Chief Operating and Financial Officer, will step into the position following the departure of George Wahby, who has chosen to step down to...

ZEE Entertainment Enterprises Limited (ZEEL) experienced a notable 7.6% increase in its share price following the announcement of a key leadership change. Punit Goenka has stepped down from his role as Managing Director to take on the position of Chief Executive Officer, a move intended to simplify leadership and boost...

The leadership reshuffle at Kering continues, with significant changes at two of its prominent fashion houses. On Monday, Kering announced that Cédric Charbit, currently CEO of Balenciaga, would succeed Francesca Bellettini as CEO of Saint Laurent. In turn, Gianfranco Gianangeli will take over from Charbit as the new CEO of...

While the British Royal Family's estimated wealth stands at around $87 billion, they are far from the world's wealthiest royals. In the UK, the Royal Family's assets come primarily from tangible properties and the value associated with their brand. Key sources of income include the Duchy of Cornwall and the...

Bangkok's prime Grade A office buildings have seen vacancy rates spike to 26.3%, signaling a growing oversupply in the market. Nevertheless, Frasers Property Limited, under the leadership of Panote Sirivadhanabhakdi, is optimistic that the ongoing US-China trade tensions will boost demand for office and industrial properties across Southeast Asia. With...

According to PwC's 2024 Asset & Wealth Management Report, 80% of asset and wealth management (AWM) firms believe that disruptive technologies, particularly AI, will be key drivers of revenue growth. The analysis suggests that companies that rapidly adopt ‘tech-as-a-service’ could see a revenue boost of up to 12% by 2028....

G20 leaders are convening in Brazil for a two-day summit aimed at finalizing a global tax targeting the world’s 3,300 wealthiest individuals, with the potential to generate up to $250 billion. The proposed tax is part of Brazil’s initiative to address wealth disparities, but it has encountered last-minute resistance during...