In a bid to revitalize its tourism sector and stimulate the economy, Sri Lanka's cabinet has approved a plan to issue free tourist visas to visitors from 35 countries, including China, India, and Russia. The initiative, announced by Cabinet spokesman and Transport Minister Bandula Gunawardana, will begin on October 1...

The U.S. economy added 818,000 fewer jobs between April 2023 and March 2024 than initially reported, according to newly revised figures from the Department of Labor. This significant downward adjustment underscores the ongoing slowdown in the job market and is expected to reinforce the Federal Reserve’s anticipated move to start...

Malaysia's strategic efforts to develop a comprehensive artificial intelligence (AI) framework, fueled by government initiatives and collaborations between the public and private sectors, are positioning the country as a leader in AI adoption within the Asia Pacific region. According to Jan Wong, the founder of digital consulting startup OM Connect...

Northern Ocean Ltd. (NOL) has appointed Arne Jacobsen as its new Chief Executive Officer, effective August 20, 2024. Jacobsen brings a wealth of experience from his previous role as CEO of Orion, a joint venture between Hayfin Capital and Transocean, where he also served as a senior investment advisor for...

Disney's board has appointed James Gorman, the Executive Chairman of Morgan Stanley, to lead its succession planning committee. The committee’s primary task is to identify a suitable successor for Bob Iger as CEO. Gorman, who joined Disney’s board earlier this year, is well-versed in succession processes, having recently guided Morgan...

Swiss satellite IoT company Astrocast has delisted from the Euronext Growth Exchange in Oslo, Norway, as part of a strategic move to take the company private. CEO Fabien Jordan shared the reasoning behind this decision in a LinkedIn post on August 20. Astrocast made history in August 2021 by becoming...

A recent survey by the Federal Reserve Bank of New York's Center for Microeconomic Data has highlighted key changes in the U.S. labor market, revealing growing concerns among workers about job security and compensation. The July 2024 SCE Labor Market Survey reported a significant rise in job-seeking activity, with 28.4%...

Lamborghini is experiencing a period of remarkable success, having sold out all remaining Huracan models, non-hybrid Urus SUVs, and the first two years of production for the Revuelto hypercar. The brand’s strong performance follows a record-breaking sales year in 2023. According to Lamborghini CEO Stephan Winkelmann, an unexpected factor contributing...

Mark Zuckerberg, the tech titan behind Meta, ranks among the world's wealthiest, boasting a net worth of approximately $183 billion. His fortune fuels a variety of passions, from real estate investments in Hawaii to charitable endeavors with his wife, Priscilla Chan. While Zuckerberg is known for his relatively modest taste...