Energy Absolute Pcl, a prominent Thai renewable energy firm currently facing significant value loss due to a fraud investigation, has appointed a new CEO in advance of crucial meetings with bondholders to request extended debt repayment terms. The company announced that it will be engaging with holders of bonds worth...

MTN Group has announced significant leadership appointments and departures. Mohammed Rufai has been named the new CEO of MTN Congo-Brazzaville, starting on September 1, 2024. Ayham Moussa will take on the role of COO at MTN Nigeria, effective August 19, 2024. In addition to these appointments, MTN disclosed the voluntary early...

The World Bank has raised concerns that over 100 nations, including China, India, Brazil, and South Africa, may face stagnation in a "middle-income trap" unless they implement significant economic reforms. The institution's latest report highlights the necessity for emerging markets to diversify their growth strategies beyond heavy reliance on investment....

Thirty-five distinct representations of the Australian landscape are displayed in two large rooms at Hadley's Orient Hotel in Hobart. These works, each a finalist in the 2024 Hadley's Art Prize, span a variety of mediums. The exhibition of the Hadley's Art Prize finalists is on display at Hadley's Orient Hotel...

Civitatis, a leading platform for online distribution of guided tours, activities, and excursions in Spanish across 160 countries, highlights the significant economic impact of Spanish-speaking tourists and the growth potential when Mexican travelers adopt digital payment methods. Spanish, spoken by 750 million people globally, is the second most widely spoken...

The Development Bank of Singapore (DBS), Bain & Company, and the Angsana Council have released a report forecasting an average annual growth rate of 5.1% for Southeast Asia's six leading economies—Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore—over the next decade. The report, titled "Navigating High Winds: Southeast Asia Outlook...

Warner Music Group (WMG) announced today that Max Lousada, CEO of Recorded Music, will step down at the end of September after leading the division for eight years. Lousada will remain as an adviser until January 31, but his role and the position of President of International will be discontinued...

Rolls-Royce shares surged over 11% to a record high on Thursday after the company announced the reinstatement of its dividend and upgraded its profit forecast following robust first-half results. By 9:20 am London time, shares were trading 9.4% higher. The British aerospace and defense giant reported an underlying profit of...

Meta CEO and Facebook cofounder Mark Zuckerberg saw a significant boost to his wealth following a strong post-earnings rally in Meta's stock. Zuckerberg's net worth increased by $11 billion, jumping from $167 billion to $178 billion on Thursday as Meta’s share price climbed 6%, marking its second-largest gain in the...