Conflict seems omnipresent in the contemporary world. In the United States, clashes between the Democratic and Republican parties are evident. Similarly, the Middle East is embroiled in the Israel-Hamas conflict, while Europe witnesses the ongoing Ukraine-Russia war. Additionally, ideological divides within nations contribute to global tension. Indeed, this is the...

One of the challenges faced by small to medium-sized businesses is maintaining sufficient cash flow. Businesses must receive customer payments on time in order to pay suppliers on time. They may also have difficulty securing loans and lines of credit that allow them to keep sufficient cash on hand. Digital...

The unexpected victory of President-elect Claudia Sheinbaum has triggered a significant decline in the Mexican peso, impacting the fortunes of the country's wealthiest business figures. Since the June 2 election, the combined net worth of five Mexican billionaires, including Carlos Slim and German Larrea, has plunged by $16 billion, totaling...

Aliko Dangote, founder of the Dangote Group and Africa's richest man, has announced plans to establish a major steel production company. This development was revealed during his speech on Wednesday at the Afreximbank Annual Meetings (AAN) and AfriCaribbean Trade & Investment Forum in Nassau. Dangote emphasized the importance of domestic...

Mukesh Ambani has secured a significant win in the competition against Elon Musk for satellite internet dominance. India's space regulator has granted approval for a satellite internet service run by Orbit Connect India, a joint venture between Ambani's Reliance Industries' Jio Platforms and Luxembourg-based SES. Musk's perceived snub of the...

Vasiliki Petrou, the founding CEO of Unilever’s Prestige division, has announced her departure from the company. Petrou, who established Unilever Prestige in 2014, led the acquisition of 10 brands, including K18, contributing to a portfolio that achieved $1.5 billion in turnover in 2023. Notably, brands like Dermalogica and Paula’s Choice...

At Tesco's upcoming annual meeting, the board will face shareholder scrutiny over CEO Ken Murphy's nearly $13 million pay package. Amid rising living costs, investors are increasingly challenging what they view as excessive executive compensation. Tesco, which reported an 11% profit increase for 2023/24 and saw a 15% year-on-year rise...

Business confidence among CEOs of multinational corporations in China has seen a marginal improvement over the past six months, according to the latest Conference Board Measure of CEO Confidence™ for China. This semi-annual survey, which includes CEOs from predominantly US and European multinational companies operating in China, revealed an increase...

This week, Samsung Electronics Chairman Jay Y. Lee engaged in strategic discussions with top executives from Meta, Qualcomm, and Amazon, aiming to forge new collaborations in artificial intelligence, cloud computing, and semiconductor technology. The South Korean tech leader announced on Thursday that Lee's meetings were centered on strengthening partnerships with...