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,...

A survey commissioned by freelance services marketplace Fiverr revealed that Australia's youngest workers, Generation Z, have mixed feelings about the rise of artificial intelligence. According to the survey, 51% of Generation Z fear potential job automation due to AI in the coming years. However, the survey also indicated a more...

A recent analysis of national climate plans reveals that twelve EU countries are set to miss their climate targets under the Effort Sharing Regulation (ESR), with an additional seven countries at risk. Germany and Italy are the poorest performers, while France is just on track but could falter with any...

A recent report by the Overseas Development Institute (ODI) revealed that several wealthy nations, including the UK, Canada, New Zealand, Italy, and Spain, are contributing less than half of their fair share to nature finance for poorer countries. This assessment follows the developed nations' agreement to collectively provide a minimum...