Nike is preparing for a significant leadership transition as John Donahoe, its current CEO, is set to retire next month, the company revealed on Thursday. This move adds to the series of changes for the sportswear giant during a period of slowing sales. Although Donahoe will officially step down from...

According to the organizing committee of the China International Import Expo (CIIE), over 70 nations and international entities have already confirmed their involvement in the upcoming seventh edition of the event. Participation levels are expected to surpass those of last year's expo, with an even larger number of exhibitors anticipated....

UK retail giant Next is pivoting towards wealthier shoppers, responding to a growing trend of consumers opting for "fewer, better quality" purchases, according to CEO Lord Simon Wolfson. As the company raised its annual profit forecast to nearly $1.3 billion, it also revealed plans to cater to more affluent customers...

Building decarbonization is becoming a major focus for U.S. companies as they ramp up efforts to combat climate change, according to a recent survey conducted by Carrier Global Corporation. The survey, which gathered responses from over 200 C-suite executives, revealed that 83% of U.S. executives plan to increase their sustainability...

In today’s business landscape, CEOs are shifting away from carefully polished public personas and embracing more authentic, relatable identities. This approach aims to build stronger connections with employees, customers, and other critical audiences. As the personal brands of CEOs and founders become increasingly intertwined with their companies' reputations, authenticity is...

Despite economic uncertainties, both Australian and global CEOs are increasingly prioritizing investments in generative AI (Gen AI), according to KPMG International's annual CEO Outlook survey. The survey, which gathered insights from 1,325 CEOs across 11 major economies, found that 58% of Australian CEOs and 64% of global CEOs view Gen...

TD Bank has officially announced that its CEO, Bharat Masrani, will retire on April 10, 2025. The leadership baton will pass to Raymond Chun, currently the head of Canadian personal and commercial banking, who will assume the role of CEO. Chun is slated to take on the position of chief...

Bernard Arnault, once the wealthiest person in the world just six months ago, is now slipping towards fifth place in global rankings. As the founder and CEO of LVMH Moët Hennessy Louis Vuitton, the French luxury conglomerate, Arnault was valued at an estimated $231 billion in late March, putting him...

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...