During his recent visit to the Cannes Lions conference, Elon Musk highlighted the rapid spread of artificial intelligence software. In an interview with Mark Read, CEO of the large advertising agency WPP Plc, Musk covered a range of topics, including AI's swift adoption and his personal use of funds. Musk...

Greek energy company Energean has announced an agreement to sell its assets in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The deal is valued between $820 million (€763 million) and $945 million (€880 million). Energean, listed on the London and Tel Aviv stock exchanges, highlighted that the sale...

British advertising firm M&C Saatchi announced the appointment of Simon Fuller as its new Chief Financial Officer, effective July 1. Fuller takes over from Bruce Marson, who will return to his previous role as Deputy CFO. This follows the recent appointment of Zaid Al-Qassab as CEO in February, marking the...

The European Union has reignited financial oversight rules that were previously suspended during the novel coronavirus pandemic, leading to renewed tensions with high-spending member nations over budget deficits. The reactivation of these financial regulations subjects eight countries—Belgium, France, Hungary, Italy, Malta, Poland, and Slovakia—to the EU's Excessive Deficit Procedure, joining...

Germany's Aurubis has appointed Toralf Haag as its new CEO, starting September 1. Additionally, Tim Kurth, currently Managing Director of the company's Bulgarian branch, will become the Chief Operations Officer for custom smelting, according to a statement released on Thursday. As of 1444 GMT, Aurubis shares had risen by 4.67%,...

The co-founder of OpenAI, who departed from the leading artificial intelligence startup last month, has revealed his new initiative: a company focused on creating safe and powerful AI that might challenge his former employer. Ilya Sutskever shared the news about his new enterprise, Safe Superintelligence Inc. (SSI), in a post...

Amid global economic uncertainty and geopolitical tensions, Indian CEOs are intensifying their focus on technology transformation, with a particular emphasis on artificial intelligence (AI) to enhance productivity and fuel business growth, according to the latest insights from the EY CEO Outlook Pulse Survey specific to India. A striking 80% of...

Permira, the global private equity firm, has announced a leadership transition effective September 1, 2024. Brian Ruder and Dipan Patel will step into roles as Co-Managing Partners and Co-CEOs, while Kurt Björklund will move to the position of Executive Chairman. Brian Ruder, who joined Permira in 2008, currently serves on...

A recent Businessolver survey revealed a troubling trend: 52% of CEOs perceive their workplace culture as toxic, a 10 percentage-point increase from 2023. This figure surpasses the nearly one-third of employees who reported a detrimental work environment. The survey, conducted between mid-February and early March, included approximately 3,100 U.S. workers,...