Category: News
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South Korea’s Whirlwind Stint in Martial Law Jolts Markets
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(Bloomberg) — South Korean President Yoon Suk-yul’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then reverse course just as quickly — sent shockwaves through the country’s offshore-traded assets and caught fire globally. Markets were caught off guard,…
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Campbell CEO departs to join Washington Commanders as president
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Campbell’s CEO Mark Close is leaving the soup and snack maker to become president of the NFL’s Washington Commanders. Close will remain in his position until January 31, the company said on Tuesday. Mick Beckhuizen, Head of Meals and Beverage, will succeed Close on February 1 and will also join…
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The Benefits and Challenges of Implementing a Knowledge Management System in the Workplace
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In today’s rapidly evolving business landscape, implementing a knowledge management system can be a huge game-changer for organizations. By effectively capturing, managing and sharing company knowledge, companies can boost productivity and foster innovation among their workforce. With the right tools and strategies in place, implementing such systems promises countless improvements…
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A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
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Breadcrumb links PMN BMN Business Article writer: Associated Press Tom Kreacher Published on December 3, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Tesla CEO Elon Musk speaks at the “Cyber Rodeo” grand…
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Israeli fintech co Capitolis buys UK co Capitalab
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Israeli fintech company Capitolis Today it announced the acquisition of UK portfolio compression and margin optimization firm Capitalab from BGC Group for $46 million. This acquisition will allow Capitolis, the market leader in optimization and compression, to offer more optimization and compression solutions to the industry. The acquisition comes amid…
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Intel Considers Outsiders for CEO, Including Marvell’s Head
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(Bloomberg) — Intel Corp.’s research will focus… About a new CEO is largely on the outside, as the chipmaker considers candidates such as the head of Marvell Technology Inc. Matt Murphy and former CEO of Cadence Design Systems Inc. Lip-Bu Tan, according to people familiar with the situation. Most read…
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Over 130,000 GM heavy-duty pickups have just been recalled after major safety issue
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GM adds More than 132,000 heavy-duty pickup trucks In the United States, there was a previous recall of tailgate release switches that can short-circuit and open the gates while trucks are parked. The recall adds some 2024 Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks to… 323,000 heavy-duty pickup…
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Over 130,000 GM heavy-duty pickups have just been recalled after major safety issue
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GM adds More than 132,000 heavy-duty pickup trucks In the United States, there was a previous recall of tailgate release switches that can short-circuit and open the gates while trucks are parked. The recall adds some 2024 Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks to… 323,000 heavy-duty pickup…
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Alibaba.com backs athlete365 business accelerator to empower olympic athletes
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In an important step to bridge the gap between elite sports and entrepreneurship, the International Olympic Committee (IOC) has partnered with Alibaba.com to launch the fourth edition of the Athlete365 Business Accelerator programme. The initiative aims to provide current and former Olympic athletes with the skills and resources necessary to…
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Adam Neumann admits mistakes, reveals plans
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“I’ve learned two things from WeWork: to choose my business partners better and understand who my friends are,” Adam Neumann, founder and partner at WeWork and Flow, admitted in a special speech to the Globes Business Conference. Newman spoke about the insights he gained from his personal and professional journey,…
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Donald Trump Jr. to Join Board of ‘Patriotic’ Marketplace PublicSquare
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(Bloomberg) — Donald Trump Jr. is joining the board of PSQ Holdings Inc., owner of online marketplace PublicSquare, according to people familiar with the matter. The company’s shares nearly doubled in early New York trading. Most read from Bloomberg Trump, who recently started as a partner at investment firm 1789…
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Asda faces financial challenges as £900m Walmart repayment looms
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Concerns are growing about Asda’s financial stability, with the UK supermarket giant facing a £900m repayment to its former owner, Walmart, by 2028. The repayment, which includes £500m for the remaining stake in Walmart and £400m in interest, has prompted credit rating agency Fitch to warn of a possible overhaul…
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Italy to Require Companies Buy Insurance for Climate Risks
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Breadcrumb links BMN Business As the fastest warming continent, climate losses in Europe increased by 2.9% per year from 2009 to 2023. Article writer: Bloomberg News Gautam Naik Published on December 3, 2024 • 4 minutes read You can save this article by registering for free here. Or log in…
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Hapoalim chair Krupik: We need deep reform
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Bank Hapoalim President Reuven Krupik spoke at the opening ceremony of the Globes Israel business conference last night, where he shared his view on what is happening in the Israeli economy and how it can be put on a sound growth path in the near future. “This is my opportunity…
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Chinese chip firms say they can withstand new US export curbs
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Written by Eduardo Baptista and Heikung Yang BEIJING/SEOUL (Reuters) – Chinese chip companies targeted by Washington with new export controls have pledged to accelerate the localization of their supply chain and said they will be able to continue production thanks to recent efforts to build stockpiles of equipment. The latest…
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Anti-tourist backlash in Europe causes cruise ships to change course
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Editor’s Note: This article was first published on July 17, 2024. The European head of the world’s largest cruise trade body has warned that its members may need to avoid some of the world’s most popular destinations to protect passengers amid a backlash against overtourism. Many European cities have expressed…
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Anti-tourist backlash in Europe causes cruise ships to change course
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Editor’s Note: This article was first published on July 17, 2024. The European head of the world’s largest cruise trade body has warned that its members may need to avoid some of the world’s most popular destinations to protect passengers amid a backlash against overtourism. Many European cities have expressed…
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Stellantis chief quits following fallout over Luton van factory closure
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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…
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Death sentence for real estate tycoon Truong My Lan upheld in Vietnam’s largest fraud case
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Breadcrumb links PMN BMN Business Article writer: Associated Press Anirudh Ghosal Published on December 3, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content HANOI, Vietnam (AP) — The death sentence for real estate…