CEO Financial News

Child poverty in the United States more than doubled and median household income declined last year when coronavirus pandemic-era government benefits expired and inflation kept rising

Smurfit Kappa and WestRock are combining to create a global packaging company with a value of almost $20 billion

Shares of TKO Group, the new company that houses WWE and UFC, opened at $102 per share in their first day of trading on the New York Stock Exchange on Tuesday

The Department of Defense has awarded $20.6 million to developers of the proposed Talon nickel mine in Minnesota under a program to strengthen domestic supply chains for critical minerals

Yes Bank managing director, to deposit ₹50 lakh within six weeks in a case involving alleged mis-selling of additional tier-1 (AT-1) bonds. Kapoor had challenged the 7 September 2022 directive of the Securities and Exchange Board of India (Sebi) imposing a penalty of ₹2 crore following allegations of mis-selling Yes Bank’s AT-1 bonds to individual investors. “We are of the opinion that prima facie the penalty of ₹2 crore appears to be harsh and disproportionate.

₹66,200. During the event, Apple also announced that it will no longer use leather in any of the new Apple products and the Apple Watch Series 9 is its first ever carbon-neutral product.

investment bankers and ratings firms in New York City. Boeing’s space leased for more than $100,000 a year, according to CoStar, an outside real-estate data firm. It’s unusual but not unheard of for a CEO to live and work remotely far from the home office.

Simply put: Elon Musk can be a real jerk. And that has probably helped and hurt him in business, according to a new biography by Walter Isaacson. In “Elon Musk," out Tuesday, Isaacson puts forth the idea of “demon mode" to explain the temperamental impulses behind some of the tycoon’s successes—and setbacks.

Also Read: Barclays names new CEO, COO amid top management reshuffle in India The recent job cut has come at a time when the company is also planning to cull about 5% of client-facing staff in the trading division as well some dealmakers globally. Also Read: Gautam Adani’s go-to bankers at Barclays turn cautious after Hindenburg “We continue to review and adapt our operations based on the ways customers are choosing to interact with us," a Barclays spokesperson said. “These changes will enable greater collaboration across our teams, allowing us to continue to improve service for customers and clients." Last week, the bank was in discussion with Unite about its plans to streamline UK operations.

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DevX will be setting up Deakin University’s India campus in GIFT City, making it the first instance of an international university to set up a campus in the country. The company has partnered with Nila Infrastructure for the construction, while DevX itself will conceptualize, design, build and deliver the state-of-the-art futuristic 25,000 sq ft university campus. “We at DevX are proud to create the Deakin University India campus project in GIFT City.

Packaging companies Smurfit Kappa (OTC:SMFKY) and WestRock (NYSE:WRK) have agreed to merge, creating the world's largest listed paper and packaging company valued at nearly $20 billion.

Alibaba Group Holding Ltd. (NYSE:BABA) is placing a strong emphasis on artificial intelligence (AI) and user experience under the leadership of new Chief Executive Officer Eddie Wu.

David Marcus, former PayPal President and present CEO of the Lightning Network infrastructure company Lightspark, says his firm is aiming to transform Bitcoin (BTC) into a global payment network.

Logistics startup Flexport on Tuesday unveiled services to make it easier for small businesses to import, store and restock goods they sell on ecommerce marketplaces as its returned CEO races to regain profitability amid a broad freight downturn. Companies ranging from Shopify to Walmart have launched their own ecommerce platforms to compete with industry leader Amazon.com. Sellers who use those marketplaces get access to more customers, but often are saddled with more work since each platform has its own set of rules.

Tata Power Delhi Distribution on Tuesday announced its strategic partnership with Utiltyx, the Indian arm of the US-based cyber security and data analytics software company. The partnership aims to enhance the company's preparedness against future threats and challenges related to cyber security, a company statement said. The association is aimed at augmenting IED (Intelligent Electronic Device) visibility, adding strengths to the capabilities of Tata Power-DDL to fight cyber threats and providing credible & real-time analytics for its distribution grid, thereby preparing the power distribution infrastructure for future threats and growth, the statement said. This assumes significance in view of threats of trojan malware on India's power supply system especially from some of the neighbouring nations.

President Joe Biden has wrapped up a five-day diplomatic sprint through Vietnam and India that put a spotlight on complicated relationships he believes will be crucial for global stability

By Lisa Baertlein

Monzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market.

Paytm founder and CEO Vijay Shekhar Sharma, during the company's 23rd Annual General Meeting (AGM) said the company's next contribution will be «small credit available instantly through the mobile phone». «After helping to bring the payment revolution with QR and everyone's favourite SoundBox, I believe Paytm’s next contribution will be – small credit available instantly through the mobile phone,» Sharma said.

Remote communities of East Java present a unique opportunity for Western Australia’s regional power provider, according to its chief executive, who says technology used to deliver electricity to outback communities can be rolled out in Indonesia.