A recent report by NTT Data reveals that nearly all business leaders surveyed have already invested in generative AI, with 83% establishing specialized teams to focus on the technology. The Global GenAI Report: How Organizations Are Mastering Their Generative AI Destiny in 2025 surveyed over 2,300 IT and business leaders...

Telstra Broadcast Services (TBS) has appointed Karen Clark as its new chief executive officer. Her extensive background in the media, telecommunications, and technology sectors positions her to lead TBS through its next phase of growth. Clark is expected to enhance the company’s offerings for global broadcasters, media firms, and sports...

Lotte Group, South Korea's sixth-largest conglomerate, has undertaken the most extensive leadership shakeup in its history, replacing CEOs at 18 of its 58 subsidiaries. The sweeping changes, announced on November 28, come amid growing concerns about the financial stability of Lotte Chemical, one of its core affiliates. Notably, Shin Yoo-yeol,...

New World Development (NWD) has divested its interest in Hong Kong’s largest sports infrastructure project, Kai Tak Sports Park (KTSP), to its parent company, Chow Tai Fook Enterprises (CTFE). The move marks a significant step in NWD’s ongoing efforts to reduce its financial burden following a historic loss. In a...

Star Entertainment Group has reported an EBITDA loss of $5.5 million for October, bringing its total EBITDA loss for the first four months of the financial year to approximately $17.6 million. The company's CEO, Steve McCann, warned shareholders during the Annual General Meeting that negative cash flow has now become...

In Ghana’s bustling capital, early morning shoppers crowd into the sprawling secondhand clothing market, combing through piles of garments in search of bargains or rare designer finds. These items, imported primarily from Western countries, are often of low quality or heavily worn. Meanwhile, just down the street, a vibrant, upcycled...

Francoise Bettencourt Meyers, the L’Oréal heiress who held the title of the world’s richest woman at the close of 2023, has experienced a sharp financial setback in 2024. Her net worth has dropped by $26 billion, reducing her fortune to $74 billion. This decline makes her the second-largest wealth loser...

Borosil Renewables has announced the appointment of Melwyn Moses as its new Chief Executive Officer, effective December 2, 2024. His extensive leadership experience across global organizations positions him as a key figure in the company’s plans for accelerated growth and innovation. Moses previously held senior roles at UPL Corporation, where...

Uniqlo, the global casual wear brand, is under fire in China following remarks by Tadashi Yanai, CEO of its parent company Fast Retailing, stating that the company does not source cotton from Xinjiang. This region has been at the center of international scrutiny over allegations of forced labor in recent...