Latin America's economic growth has lagged behind Asia's in the twenty-first century, expanding at only half the pace. A recent World Bank study attributes this to the region's cities lacking productivity. Over the past two decades, rural areas experienced economic boosts due to advancements in agriculture and increased global demand...

Mulberry's share price has declined by 39% since January, reflecting a global downturn in the luxury sector, particularly due to reduced spending by Asian shoppers. Due to falling sales and a sharp decline in its share price, luxury giant Mulberry has decided to part ways with its Chief Executive Officer, Thierry...

The United States boasts the highest number of billionaires globally, while Switzerland leads in average wealth per person. Germany also ranks prominently in these metrics. According to the latest Global Wealth Report by Boston Consulting Group (BCG), Germany is home to around 3300 billionaires. In contrast, the USA has approximately...

China's financial interest in Latin America has waned since the late 2010s and shows no signs of recovery. A report by the Inter-American Dialogue and the Boston University Global Development Policy Center highlights this trend, noting that Chinese development finance institutions (DFIs) issued less than $1.5 billion in loans to...

Praveen P. Tipirneni, President and CEO of Morphic Holding, has engaged in notable stock transactions, as per a recent SEC filing. On July 8, 2024, Tipirneni sold 21,582 shares of common stock at prices ranging from $55.79 to $55.80, generating over $1.2 million. Concurrently, he acquired the same number of...

Regulators have imposed $136 million in fines on Citigroup for failing to rectify persistent deficiencies in its controls and risk management, posing a significant challenge for CEO Jane Fraser as she works to overhaul the major New York bank. The Federal Reserve and the Office of the Comptroller of the...

Christophe Fouquet, the CEO of Dutch semiconductor giant ASML, along with his predecessor Peter Wennink, have expressed strong objections to U.S. limitations on ASML's chip-making equipment exports to China. In a recent interview, Fouquet emphasized that the automotive industry relies heavily on critical chips predominantly manufactured in China. He argued...

Finland-based metals producer Outokumpu Corp. has announced the appointment of Kati ter Horst as its President and CEO, effective October 9, 2024. Outokumpu had announced in early May that its current CEO, Heikki Malinen, intended to leave the firm to pursue a career opportunity outside the company. Malinen, who joined...

Former GPT Group CEO Bob Johnston is set to join the board of fellow property developer Stockland, starting October 1. Johnston's appointment follows his departure from GPT in March, where he had served as Chief Executive for eight years. His extensive career in the property sector includes significant leadership roles,...