A new global index has revealed that nine out of ten countries are pursuing policies that are likely to exacerbate economic inequality. The report, published by Oxfam and Development Finance International (DFI), shows that 94% of countries with current World Bank and International Monetary Fund (IMF) loans have reduced crucial...

On October 20, 2024, journalists from Latin America and the Caribbean (LAC) visited Zenith Steel Group (Huai'an) New Material Co., Ltd., located in Huai'an, Jiangsu Province, China. The company, designed to produce 1.6 million tonnes of ultrahigh-strength steel cords annually, primarily focuses on supplying materials for tire manufacturing. Once full...

After two decades with JCDecaux Australia and New Zealand, Steve O’Connor will be stepping down as CEO at the end of 2024. The company announced that Chief Commercial Officer Max Eburne and Chief Financial Officer David Watkins will take over as co-CEOs, effective January 1, 2025. Jean-François Decaux, Co-Chief Executive...

Just nine months after its previous round of pay increases, Wipro has announced another salary hike for its employees. The company's CEO, Srinivas Pallia, discussed the development during Wipro’s Q2 FY2025 earnings call following the release of its financial results. In the last salary hike, effective December 1, 2023, Wipro...

The World Health Organization (WHO) has officially certified Egypt as malaria-free, a monumental achievement for a country with over 100 million inhabitants. This certification marks the culmination of nearly 100 years of efforts by the Egyptian government and its people to eradicate a disease that has plagued the country since...

On Monday, WiseTech Global revealed it was investigating several issues related to its CEO following media allegations about his personal life, including claims involving financial arrangements with a former intimate partner. This announcement triggered an 18% drop in the company’s share price. Several media outlets, including the Australian Financial Review,...

Thailand has expressed its intention to join the BRICS group, which was originally founded by Brazil, Russia, India, China, and South Africa. The group recently expanded, adding Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia to its ranks. This year, Russia, the host of the BRICS summit, extended...

Zomato co-founder and CEO Deepinder Goyal has embarked on a new initiative, launching a wellness-focused startup called "Continue." Though still in its early stages and largely under wraps, the venture aims to redefine health tracking with an emphasis on mental well-being. Incorporated in April 2023 under the name Upslope Advisors...

Ajay Jadeja, the former Indian cricketer, has recently been named the successor to the Royal Throne of Jamnagar, a title that significantly boosts his financial standing. With his new position, his net worth has reportedly surged to INR 1,450 crores, placing him among the wealthiest individuals in India. Jadeja now...