CEO Financial News

Dubai-based port operator DP World has reported its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen’s Houthi rebels over the Israel-Hamas war that have affected shipping through the Red Sea

LPL has gained strength yet again in Georgia’s mass-affluent network as it welcomes a five-advisor ensemble from Osaic.

Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant

The developers of a long-delayed copper-nickel mining project in northeastern Minnesota have announced plans for a series of studies over the next year on potential ways to improve environmental safeguards and make the mine more cost- and energy-efficient

electric mobility terming it a right step in the right direction for the country. The Mumbai-based auto major noted that supporting electric mobility is in the best interest of the nation. «The right direction for the country is EV focus and we believe that is what the government should support,» Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm director Rajesh Jejurikar told reporters here. He was responding to a query regarding the company's stand on the Uttar Pradesh government announcing registration waivers for hybrid vehicles.

Financial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a cashback offering that rewards users for shopping via its app.

Campbell, who has been with the Edinburgh-based asset manager for 25 years and a partner for 12, will take over as managing partner alongside Malcolm MacColl and Amy Atack, once Telfer retires in March 2025.  He started his career at the firm in 1999 as an investment trainee and later became an investment manager on the emerging markets team.  In 2007, he transitioned to the clients department, where he managed relationships with clients involved in emerging markets strategies. He became a partner in 2012 and now serves as the chair of the firm's management and group risk committees. ...

Google from 2001 to 2011, expressed concern that Google's focus on flexible work arrangements has allowed rival startups like OpenAI and Anthropic to outpace it in AI development, as per the report.According to Schmidt, these startups, driven by relentless work ethics, have gained a substantial advantage over Google. “Google chose to prioritize a relaxed work environment, which has hindered its innovation capabilities," Schmidt stated.

Robinson's appointment is set to drive the development of Premier Miton's new MPS, a service consisting of two actively-managed portfolio ranges – the index range and the blend range — consisting of four portfolios in each. Prior to his move, Robinson spent over seven years at Tatton Investment Management, first as an investment specialist and then head of the investment specialist team.  Premier Miton CEO bets on fund sales boost from falling rates as outflows slow He also has experience as a financial analysts and investment research analyst at American Express and Duncan Lawrie ...

technology companies. Their leadership, spanning from Silicon Valley to other global tech hubs, is significantly influencing the digital landscape. Here are some of the remarkable Indian-origin leaders who have made notable contributions to the industry and are leaving a substantial impact on the tech world. Sundar Pichai, CEO, Alphabet

Chinese EVs and Indian container shortage have in common? In one word, everything. With the US imposing a 100% anti-dumping duty on Chinese electric vehicles from August 1 and several countries in Europe planning to follow suit in September and October, the Chinese EV industry has been on production overdrive to ship as many vehicles as possible before the duty deadline. This pile up of inventory has clogged an already stretched logistics network. Siddharth Jairaj, CEO, TVS SCS global forwarding solutions said, “Because of the anti-dumping duties, China has been shipping out huge numbers of electric vehicles since April and May to beat the duty deadlines. So global nodal ports like Singapore and Colombo and clogged.” As containers are being diverted to cater to “Chinese inventory, the port congestion is spreading and has now hit India too,” he added.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and cybersecurity. Shares of the company were up 5% in extended trading after it forecast upbeat current-quarter revenue. «Inventory digestion is complete and we're now returning to a more normalized demand environment,» CEO Chuck Robbins said on an analyst call.

self-help groups and have become integral to family decision-making, contributing to broader social change, Prime Minister Narendra Modi said on Thursday. On the occasion of the 78th Independence Day, Modi addressed the nation from the ramparts of the Red Fort and hailed women empowerment. «We are proud to see that women are becoming economically self-reliant,» Modi said. «When women become self-reliant, they participate in family decision-making processes, which will ensure significant social transformation,» he said.

After BT, Bharti may consider more opportunities in Europe Mittal also understands BT, given the long relationship between the two companies. BT held a 21% stake in Bharti Airtel and two board seats between 1997 and 2001. He also spends considerable time in the UK, where two of his children live.

The South Korean crypto exchange Bithumb could shun its long-term banking partnership with NongHyup Bank in favor of a deal with rival bank Kookmin.

Starbucks has announced the departure of Chief Executive Officer Laxman Narasimhan after just 16 months in the role. The company's decision comes in response to declining sales. Narasimhan will be replaced by Chipotle CEO Brian Nichol. Reacting to the news, Shark Tank judge Anupam Mittal shared his thoughts on the microblogging site X, formerly known as Twitter. He expressed concerns about Starbucks' current direction.

Steward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm

The United Auto Workers union has filed unfair labor practice charges against Donald Trump and Tesla CEO Elon Musk

Starbucks Corp. CEO Brian Niccol is a star executive who is widely considered the best in the business. Quite frankly, it’s surprising the company was able to hire him. Despite the coffee giant being one off the world’s most iconic and powerful brands, Starbucks has a problem for any incoming CEO. And that problem is named Howard Schultz. As Starbucks’ longtime CEO who became synonymous with the company he all but founded, Schultz can’t seem to let go. He’s twice boomeranged back into the top job when the company hit turbulence. And since he departed from the board a year ago, he has become a meddler — criticizing his successor Laxman Narasimhan and the board in a LinkedIn post and on a podcast, even though he handpicked Narasimhan, trained him and set an aggressive growth plan on his way out the door.