Davos, Switzerland, the highest town in Europe, has become synonymous with the World Economic Forum’s (WEF) Annual Meeting, a gathering that brings together leaders from government, business, and civil society. Since its inception over 50 years ago, the meeting has aimed to foster global cooperation and address critical issues facing...

In the span of just one week, more than $80 million worth of luxury real estate has been listed in some of Auckland’s most affluent suburbs, including Remuera, Parnell, Orakei, and Epsom. Over 30 high-end homes have entered the market, many seeking buyers before the holiday season. Some properties, with...

Unilever is preparing to divest several food brands with combined annual sales of approximately $1.05 billion, according to CEO Hein Schumacher. While Schumacher did not disclose specific brands targeted for sale, the move aligns with the company’s ongoing efforts to streamline its food portfolio. Earlier this month, reports surfaced that...

Elon Musk has announced plans to establish a new game studio under his AI startup xAI, aiming to revolutionize the gaming industry. The tech entrepreneur shared the news on his social media platform X (formerly Twitter), indicating that the studio seeks to disrupt the market and compete with major players...

Nomura Holdings has announced plans to implement an additional $186 million in cost reductions as part of CEO Kentaro Okuda’s ongoing efforts to restructure the company and enhance profitability. The Tokyo-based brokerage revealed in its latest presentation that the new measures will focus on revamping IT infrastructure, advancing digitalization and...

A new report from the International Labour Organization (ILO) has revealed that wage inequality has decreased in approximately two-thirds of countries since 2000. Despite this progress, the ILO emphasized that significant wage disparities persist globally. The Global Wage Report 2024-2025: Is wage inequality decreasing globally? shows that since the early...

Just days before UniCredit CEO Andrea Orcel shifted his attention to a domestic acquisition, resistance to his interest in Germany’s Commerzbank intensified. Members of Germany’s corporate elite reportedly urged Commerzbank’s CEO to reject any merger proposal, warning that the bank might suffer a fate similar to Bavarian lender HVB, which...

NielsenIQ (NIQ), in partnership with World Data Lab (WDL), has published Spend Z: A Global Report, offering a comprehensive analysis of Gen Z’s consumer behavior, values, and spending habits. As the largest generation globally, Gen Z is poised to reshape the consumer market, with their spending power projected to reach...

Stellantis, the multinational automaker behind brands like Chrysler, Jeep, Fiat, and Peugeot, has confirmed the resignation of its CEO, Carlos Tavares, citing unresolved differences with the board and ongoing struggles in sales performance. The company’s announcement follows a cascade of challenges, including declining sales, unsold inventory piling up at dealerships,...