UN Secretary-General António Guterres has urged the world to make 2025 a “new beginning,” emphasizing the need for collective action to address pressing global challenges. In his New Year’s message issued on Monday, Guterres reflected on the difficulties of 2024, highlighting the widespread impact of wars, displacement, and rising inequalities...

The Retailers Association of India (RAI) reported a 7% growth in the retail sector during the festive period from October 7 to December 1, 2024, compared to the same period in 2023. While this growth reflects a positive trend, it fell short of the anticipated 10%, underscoring the persistent challenges...

A study released by staffing agency Express Employment Professionals revealed that half of Canadian companies intend to increase their workforce in the first half of 2025. Among the 505 hiring decision-makers surveyed, 51% indicated plans to hire additional employees. Of those, 58% cited managing increased workloads as the primary driver,...

A recent survey conducted by Statista among 1,050 Americans revealed that saving money is the most common New Year’s resolution for 2025. Over 20% of U.S. adults listed saving more as their top goal for the year. Other popular resolutions included eating healthier (19%), exercising more (17%), losing weight (15%),...

A shareholder of Archer-Daniels-Midland (ADM) has urged the company’s CEO, Juan Luciano, to step down over his handling of internal accounting issues that have triggered a criminal investigation. In a LinkedIn post titled “Investor-misery has a name: ADM,” Hartwig Fuchs criticized Luciano for failing to adequately inform investors about the...

The Reserve Bank of India (RBI) has reported a steady increase in household debt over the past three years, which reached 42.9% of GDP at current market prices as of June 2024. While this level remains relatively low compared to other emerging market economies (EMEs), the RBI has characterized the...

Singapore-based DBS has announced the appointment of Rajat Verma as the new chief executive for its India operations, with the promotion awaiting approval from the Reserve Bank of India. Verma is set to take over on 1 March 2025, succeeding Surojit Shome, who will retire on 28 February 2025 after...

Carlos Slim, Latin America’s wealthiest individual, has invested $1 billion this year to expand his portfolio in crude oil production and refining, betting on the sustained demand for fossil fuels. The 84-year-old billionaire, best known for building the telecom empire America Movil SAB, has been diversifying his investments in recent...

Xpeng Chairman and CEO He Xiaopeng has laid out the company’s priorities for the coming year in an internal letter, urging employees to brace for escalating competition in the auto industry. He has predicted that a fierce price war in the market would begin as early as January 2025, marking...