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...

Aon plc (NYSE: AON), a leading global professional services firm, revealed the findings of its first Business Decision Maker Survey, showing that 72% of business leaders feel their companies are not moving quickly enough to address risks associated with global megatrends in Trade, Technology, Weather, and Workforce. This survey, conducted...

This weekend, the wedding of Anant Ambani and Radhika Merchant in Mumbai drew international attention, highlighting the lavish nature and significant economic impact of Indian weddings. This spotlight on an Indian wedding provides a backdrop for exploring the phenomenon of destination weddings among wealthy Indian families, their market size, economic...

In the hyper-competitive world of game development, business success is often measured by revenue, market share, and user engagement. However, for Mikhail Petrov, founder and CEO of NEW EDGE, success is equally about ethics, innovation, and sustainability. As a member of the International Association of IT Professionals, Petrov has positioned...

The port of Shanghai is the busiest container port in the world, with a capacity of over 49 million twenty-foot equivalent units (TEU). It's worth noting that 15 of the world's 20 busiest container ports are located in Asia. Some of the busiest container ports in Asia are Shanghai, Singapore,...