The non-profit sector in the United States generates over $3.7 trillion in annual revenue, employing 12.5 million people in 1.8 million organizations according to Candid. The non-profit sector also has a set of unique structures and business models – particularly considering factors such as legislation and tax benefits that may...

In response to recent developments, including Broadcom's acquisition of VMware, Nutanix is revising its internal strategies. Nutanix CEO Rajiv Ramaswami emphasized the urgency of these adjustments. Ramaswami noted that customers were uncertain about the implications of the acquisition, which closed last November. By May, customers had observed changes in pricing,...

Vodafone Business, in collaboration with RingCentral, Inc., has launched a cloud-based unified communications-as-a-service (UCaaS) platform. This comprehensive solution integrates voice calls, video conferencing, and instant messaging across 20 countries, with plans to expand to over 30 markets by early 2025. Additionally, Vodafone Business is enhancing its Unified Communications (UC) offerings...

Jesper Kristensen, the long-serving CEO of Unifeeder Group, has decided to step down from his position. Additionally, Kristensen has resigned from his role as Chief Operating Officer of DP World Marine Services, a position he held since 2021. Martin Gaard Christiansen will succeed Kristensen, overseeing Unifeeder's operations in Europe, the...

The International Monetary Fund (IMF) has lowered its growth projections for Middle Eastern economies, attributing this revision to oil production limitations and the ongoing Israel-Gaza conflict. In its latest World Economic Outlook update, the IMF pointed out that while the global economy showed resilience last year, it now faces challenges...

Survey data from F&G Annuities & Life Inc. indicates that economic challenges and other factors are leading many Americans to delay or exit retirement. The newly released Retirement Reconsidered survey, conducted in May with 2,048 respondents aged 50 and older, reveals that 51% of this group are contemplating reentering the...

Brian Lesser, a seasoned Madison Avenue executive with extensive experience in senior media-investment roles, has been appointed as the global CEO of WPP's GroupM media firm. This position is highly influential in managing the flow of advertisers' funds. Lesser replaces Christian Juhl, who, after five years as CEO, will transition...

At a climate change conference in Pretoria organized by the National Treasury and the World Bank, South African President Cyril Ramaphosa said that the Carbon Border Adjustment Mechanism (CBAM) could significantly impact developing economies unless they transition swiftly from fossil fuels to green energy. Ramaphosa highlighted the unsustainable carbon intensity...

LVMH has announced significant changes in its watch division leadership. Julien Tornare, currently the head of TAG Heuer, will take over as CEO of Hublot, a brand known for its bold designs and high-profile collaborations with athletes and artists like Usain Bolt, Kylian Mbappé, and Daniel Arsham. Ricardo Guadalupe, the...