Category: chief
-
Stellantis chief quits following fallout over Luton van factory closure
•
Carlos Tavares, CEO of automobile giant Stellantis, has resigned from his position with immediate effect following reports of disagreements with group chairman John Elkann. The announcement comes just days after Tavares ordered the closure of Stellantis’ Vauxhall van factory in Luton, putting 1,000 jobs at risk. The decision to close…
-
Morocco To Legalise Bitcoin And Crypto: Central Bank Chief
•
Morocco is preparing to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a major shift in the country’s financial policy. according to ReutersAbdellatif Jouahri, Governor of the Bank of Morocco (BAM), announced that a draft law regulating crypto-assets is in the final stages of adoption. Al-Jawahiri said, during an…
-
Morocco To Legalise Bitcoin And Crypto: Central Bank Chief
•
Morocco is preparing to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a major shift in the country’s financial policy. according to ReutersAbdellatif Jouahri, Governor of the Bank of Morocco (BAM), announced that a draft law regulating crypto-assets is in the final stages of adoption. Al-Jawahiri said, during an…
-
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
•
Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…
-
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
•
Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…
-
Budgets chief: Politics overcame equality in austerity measures
•
Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
-
Budgets chief: Politics overcame equality in austerity measures
•
Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
-
Budgets chief: Politics overcame equality in austerity measures
•
Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
-
Budgets chief: Politics overcame equality in austerity measures
•
Yogev Grados, Head of the Budgets Department at the Ministry of Finance, commented at the Globes Investment Conference on the great challenges facing the Israeli economy due to the ongoing war. Speaking with Oren Dorey, Globes’ macroeconomics correspondent, Grados described how the fiscal deficit caused by ballooning defense spending was…
-
What to know about Trump chief of staff Susie Wiles
•
Good morning! Online abuse toward women soared after the election, women dominate Grammy nominations, and Trump’s new chief of staff has a long record in GOP politics. Have a mindful Monday. – New president. Trump announced last week that Susie Wells will be Donald Trump’s chief of staff when he…
-
Treasury accused of hiding £9.5bn ‘black hole’ in budget, says OBR chief
•
The UK Treasury may have broken the law by withholding £9.5bn of spending pressure ahead of Jeremy Hunt’s final Budget in March, according to Richard Hughes, head of the Office for Budget Responsibility (OBR). Hughes suggested vital financial data relating to departmental budgets, required by the OBR under the Budget…
-
Treasury accused of hiding £9.5bn ‘black hole’ in budget, says OBR chief
•
The UK Treasury may have broken the law by withholding £9.5bn of spending pressure ahead of Jeremy Hunt’s final Budget in March, according to Richard Hughes, head of the Office for Budget Responsibility (OBR). Hughes suggested vital financial data relating to departmental budgets, required by the OBR under the Budget…
-
Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader
•
Frustrated Amazon employees have opened another front in their fight against the company’s return-to-the-office mandate. On Wednesday, 523 employees in Amazon’s Web Services division sent its CEO, Matt Jarman, an open letter detailing their frustration with the new policy. “Our time spent working remotely during the height of the COVID-19…
-
Ex-Google chief warns red tape is stifling UK growth
•
Eric Schmidt, former CEO of Google, has warned that excessive regulation and bureaucracy are holding back the UK’s economic growth and progress towards its net-zero targets. Speaking at an investment summit organized by Sir Keir Starmer, Schmidt suggested the UK government would benefit from appointing an “anti-regulation minister” to address…
-
Ex-Google chief warns red tape is stifling UK growth
•
Eric Schmidt, former CEO of Google, has warned that excessive regulation and bureaucracy are holding back the UK’s economic growth and progress towards its net-zero targets. Speaking at an investment summit organized by Sir Keir Starmer, Schmidt suggested the UK government would benefit from appointing an “anti-regulation minister” to address…
-
Privacy Protection chief: New regulations prevent cyberattacks
•
“In our experience, cyberattacks could have been avoided in many cases if companies had adhered to privacy protection (data security) regulations. Unfortunately, there are many companies in Israel that have not adequately complied with data security regulations, perhaps due to sanctions,” the lawyer said. The violations were not significant, and…
-
Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round
•
Perlego, an education technology platform known as the ‘Spotify of textbooks’, has secured a $20 million fundraising round led by former Tesco CEO Sir Terry Leahy. The digital library service, which provides unlimited access to academic titles via subscription, is expected to announce a capital injection this week. The new…
-
JPMorgan’s strategy chief on why investors should dial back risk amid market distortions
•
David Kelly, chief global strategist at JPMorgan Asset ManagementJP Morgan Asset Management Indices rose due to strong economic data and a significant interest rate cut from the Federal Reserve. However, as markets look for a soft landing, potential shocks pose a greater risk to investors, says David Kelly. He says…
-
Chief economists in the US say a 2025 recession is only a 30% chance
•
The American Bankers Association’s Economic Advisory Committee brings together 15 senior economists from some of the largest banks in North America. The committee chairman indicates that the Fed is close to achieving its dual mission, but warns that the weakness of the labor market needs to be monitored The Fed…
-
BOJ chief signals no rush to raise rates further By Reuters
•
Written by Laika Kihara OSAKA (Reuters) – Bank of Japan Governor Kazuo Ueda said on Tuesday the bank can take time to examine market and external economic developments when setting monetary policy, suggesting the central bank is in no rush to raise interest rates further. Ueda reiterated that the Bank…