Metso’s Board of Directors has announced the appointment of Sami Takaluoma as the company’s next President and CEO, with his tenure set to begin on November 1, 2024. The current President and CEO, Pekka Vauramo, will remain with Metso until the end of 2024, as per his contractual agreement, to...

The eight franchises in the Hundred have collectively been valued at more than $841 million following the first phase of their sale process. High-profile individuals, including a director from Chelsea, Indian billionaires, and members of the Glazer family, have all shown significant interest in the bids. The initial round of...

The International Monetary Fund (IMF) has upheld its growth forecast for India, projecting a 7% expansion for FY25 and maintaining its estimate of 6.5% for FY26. These predictions were outlined in the IMF's latest "World Economic Outlook" report. This 7% growth estimate marks a slight improvement of 0.2 percentage points...

HSBC's new CEO, Georges Elhedery, has launched the bank’s most significant restructuring in over a decade, leaving employees and investors seeking clarity on crucial details. The overhaul, which includes merging two of the bank’s largest divisions and eliminating some longstanding regional units, did not provide specifics on potential job cuts...

KPMG's latest CEO survey uncovers an optimistic outlook among global business leaders, with a strong focus on growth despite economic challenges. The report indicates that private company CEOs are prioritizing investments in Generative AI, positioning it as their key driver for future success. According to the survey, 68% of CEOs...

Nvidia CEO Jensen Huang has expressed his belief that the world is on the brink of a new industrial revolution, one that will be driven not by steam or electricity, but by artificial intelligence (AI). Speaking at the Gartner IT Symposium, Huang shared his views on the future trajectory of...

The UK’s leading meat-free business is looking to rebound from a difficult period with fresh leadership, appointing former Heineken UK executive David Flochel as its new CEO. Flochel will succeed Marco Bertacca, who has led the company since January 2020 and will begin his role next month. The two will...

The New Development Bank (NDB) is set to intensify its support for economic development in emerging economies while tackling critical challenges like climate change, according to its president, Dilma Rousseff. She emphasized that the bank’s growing membership will further enhance its capacity to foster progress. Rousseff, speaking after receiving China’s...

Apple CEO Tim Cook recently underscored the company’s intention to boost its investments in China and further strengthen its role within the country’s industrial and supply chain networks during a meeting with China's leading industry regulator. In talks with Jin Zhuanglong, China’s Minister of Industry and Information Technology, Cook highlighted...