Turkey has unveiled an ambitious plan to boost exports to Muslim-majority countries, with a particular focus on strengthening trade ties with Gulf states. The "Export Development Strategy with Islamic Countries," spearheaded by the Ministry of Trade, aims to increase Turkey’s export share to Islamic nations from 26% to 30% in...

Maserati’s parent company, Stellantis, recently released its half-year report, revealing troubling numbers for the luxury carmaker. Customer deliveries dropped dramatically, plummeting from 15,300 units in the first half of 2023 to just 6,500 by June 2024. According to Stellantis CEO Carlos Tavares, the issue lies not with the cars themselves...

The CEO of Campari, Matteo Fantacchiotti, has stepped down abruptly after less than half a year in his position, prompting a notable 6% drop in the company's shares on Wednesday morning. Campari, headquartered in Milan, attributed the departure to personal reasons, as Fantacchiotti had only assumed the role in April....

One of Russia's most extraordinary entrepreneurial stories has taken a dark turn with tragic consequences. A shooting at the Moscow headquarters of Wildberries, the country’s largest online retailer, left at least two dead and seven others injured on Wednesday, according to media reports. The incident has plunged the billion-dollar company...

Recent economic data indicates a slowdown in the U.S. job market, and future outlooks from some of the country’s largest corporations suggest that the trend could continue, according to a new survey shared exclusively with Axios. The latest signal comes from a Business Roundtable survey of 145 top business leaders,...

A significant shift in workplace trends is on the horizon, as nearly 80% of CEOs believe that employees currently on hybrid schedules will be back in the office full-time by 2027. This insight comes from KPMG's 2024 CEO Outlook Survey, which gathered responses from 400 top U.S. business leaders on...

Japan's ongoing push to elevate more women into senior business and industry roles has encountered a setback, with a recent survey revealing that only 13 female CEOs are leading the country's top firms. According to the Kyodo news agency, women occupy just 0.8% of the CEO positions among the 1,643...

Debt has become a mounting challenge for developing nations, particularly the least developed countries (LDCs). These nations face higher borrowing costs, weaker debt management capabilities, and limited representation in key international forums that address debt issues. The COVID-19 pandemic significantly worsened the financial situation for LDCs, driving up public debt,...

London holds the top spot in Europe for millionaires, with an impressive 258,000 residents boasting six-figure wealth. The city is also home to 36 billionaires, the highest number on the continent. According to new data from Henley & Partners' 2023 "World's Wealthiest Cities Report," London ranks as the fourth city...