New Zealand’s central bank has unexpectedly begun reducing interest rates, signaling a shift towards easing monetary policy earlier than anticipated due to a slowing economy and declining inflation. This move caused the New Zealand dollar to tumble. The Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR)...

Kinepolis Group has announced the appointment of Pieter-Jan Sonck as its new Chief Financial Officer, succeeding Jeroen Mouton in the role. With over two decades of expertise in finance and operations, Pieter-Jan Sonck brings a wealth of experience to Kinepolis. Since 2017, he has served as the CFO of Beaulieu...

A report from Multiverse, released on August 5, highlights that businesses are experiencing significant productivity losses due to widespread data skills gaps. On average, these gaps result in the equivalent of approximately 25 lost working days per employee each year, specifically related to data-related tasks. The report found that while...

Home Depot, the largest home improvement retailer in the U.S., has reported that anxiety about the economy and elevated interest rates are dampening consumer spending, leading to a steeper-than-expected decline in sales. On Tuesday, the company announced that it expects a 3% to 4% decrease in sales at stores open...

Chile and Turkey have announced their commitment to join the Equal Pay International Coalition (EPIC), marking a significant step in their efforts to address gender pay disparities. With these additions, the total number of governments aligned with EPIC’s goal of achieving equal pay for women and men now stands at...

Nadine Ahn, the former Chief Financial Officer of the Royal Bank of Canada (RBC), has initiated legal proceedings against the bank, claiming she was wrongfully terminated due to a personal relationship with a colleague. Ahn, who was considered a strong contender to become RBC’s first female CEO, contends that her...

Starbucks has announced the appointment of Brian Niccol as its new Chairman and Chief Executive Officer, effective September 9, 2024. Until Niccol assumes his role, Rachel Ruggeri, the company's Chief Financial Officer, will act as interim CEO. Mellody Hobson, currently the Board Chair, will take on the position of Lead...

Gautam Adani, the billionaire founder of the Adani Group, is once again confronting significant challenges as his business empire faces new scrutiny. This week, a fresh wave of allegations from activist short-seller Hindenburg Research triggered a sharp decline in the stock prices of Adani Group companies, erasing approximately $2.4 billion...

As the new academic year begins, millions of young adults are heading to college, including a significant number of international students. If current trends persist, around 1 million students from various countries will enroll in U.S. institutions of higher learning this year. These international students make a substantial economic contribution,...