Madhapar, a village in Gujarat's Kutch district, has earned the distinction of being the world’s richest village, with approximately $600 million deposited across 17 banks. Home to 7,600 households, this prosperous village owes much of its economic success to its significant non-resident Indian (NRI) population. Madhapar defies the image of...

Facing ongoing challenges, Victoria’s Secret has made a strategic move by appointing Hillary Super, the former CEO of rival lingerie brand Savage X Fenty, as its new chief executive. The announcement, made on August 14, indicated that Super would replace Martin Waters, who stepped down from his role as CEO...

A recent study by the Tax Justice Network reveals that governments could generate an additional $2.1 trillion annually by implementing a wealth tax similar to Spain's, which targets the wealthiest 0.5% of households. This amount is twice what is needed each year to fund climate finance for developing nations, a...

Nearly two years after the release of ChatGPT by OpenAI, which played a significant role in launching the generative AI revolution, public sentiment toward this technology has begun to crystallize. The initial excitement that saw consumers flocking to use ChatGPT has given way to a more measured perspective as the...

Absa CEO Arrie Rautenbach is set to leave the group following a drop in the company's profits for the six months ending 30 June 2024 (H1 2024). Absa announced that Rautenbach and the board had mutually agreed on his early retirement, which will take effect on 15 April 2025. Additionally,...

This year has seen a dramatic rise in CEO departures, with 622 chief executives stepping down in the first quarter of 2024, according to data from outplacement firm Challenger, Gray & Christmas. This marks a staggering 50% increase over the same period in 2023, which had already set records for...

According to a recent report by Forrester, the digital economy is projected to reach US$16.5 trillion by 2028, accounting for 17% of the world's economic output. The study, released on August 19, evaluates the expansion and scale of the digital economy, including tech spending, e-commerce in retail and travel, and...

From 80% Security Risks to Zero Incidents: A DevOps Success Story  According to IBM's latest Cost of a Data Breach Report, the average cost of a security breach hit a record high of $4.88 million in 2024. The study reveals that excessive access permissions remain the primary vulnerability, with over...

When you’re running a business, you need to keep a close eye on how much you spend to ensure that your income can support your outgoings. In business, finances can sometimes be volatile, whether that’s due to economic activity, growing competition, or industry fluctuations, to name a few examples. That’s...