On Tuesday, activist investor Amber Capital is set to face one of its biggest test in its high-stakes bid to shake up governance at media and publishing firm Lagardere. Shareholders are set to vote as they attempt to revamp the… Read More ›
HR & Organization
Egypt’s non-oil private sector collapses midst coronavirus lockdown
On Tuesday, according to the results of a survey, business activity in Egypt’s non-oil private sector collapsed in April, following the total shutdown of the tourism industry, weakening demand as well as the imposition of lockdowns in its cities as… Read More ›
U.S.-UK commence trade negotiations
On Tuesday, the United States and Britain launched trade negotiations through videoconferencing following the UK’s exit from the European Union. Both countries, struggling to cope with the coronavirus pandemic are aiming to shore up domestic supply chains. These talks are… Read More ›
NBCUniversal’s management shuffle sees entertainment & sports consolidate under Mark Lazarus
In a statement NBCUniversal announced a management reshuffle which saw the entertainment and sports division consolidate under Mark Lazarus, chairman of TV and streaming at NBCUniversal. As part of the management shuffle, Andy Lack who headed the news division will… Read More ›
NY-based J. Crew Group Inc files for bankruptcy protection
On Monday, J. Crew Group Inc filed for bankruptcy protection adding to a string of brick-and-mortar retailers who have been pushed to the brink by widespread store closures in response to the coronavirus pandemic. New York-based J. Crew filed for… Read More ›
Mark Barnett promoted to president of Mastercard International’s European business
On Monday, Mastercard stated it has promoted Mark Barnett to the role of president of its European business; he will be responsible for the payment giant’s strategy and operations across 53 countries. Barnett, previously headed Mastercard’s UK, Ireland, Baltics and… Read More ›
IG Group appoints Charlie Rozes as its CFO
On Monday, the IG Group stated it has appointed Charlie Rozes, the former finance director of Jardine Lloyd Thompson, as its Chief Financial Officer. His appointment at the online trading group comes at a time when the sector is benefiting… Read More ›
Kaleem Rizvi appointed as Citigroup’s Asia Pacific head of corporate banking
According to an internal memo, Citigroup Inc named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business. Rizvi, who joined Citi in Pakistan in 1996, will replace Gerald Keefe, who in February was promoted to… Read More ›
CFOs of Britain’s 100 biggest companies have reduced risk appetite due to coronavirus pandemic
According to the results of a survey published on Monday by Deloitte, large companies in Britain expect the coronavirus to reduce their sales by more than a fifth this year. They expect the impact of the coronavirus to be worse… Read More ›
European Aviation Sector Witnessing ‘Tsunami’ Of Job Cuts, US Carriers Could Follow Suit
The severe hit of the travel restrictions and lockdown because of the novel coronavirus pandemic on the global airline industry has forced airlines to scale back their businesses. The airlines also do not see a quick recovery from the coronavirus… Read More ›
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