Category: Business News

Carlos Tavares ran out of time at Stellantis just as the golden handshake of a 2026 retirement package began to appear on the horizon. Tavares fell on his own sword after what Stellantis independent director Henri de Castris described as “different points of view” that emerged in the company’s boardroom, leaving the 66-year-old Portuguese boss’s…

For CEOs and CEO candidates, creating or simply strengthening direct relationships with the White House will be even more important during the next presidential term, as evidenced by the flurry of tech executives taking a knee ahead of President-elect Donald Trump’s inauguration. Meta CEO Mark Zuckerberg, for example, visited Mar-a-Lago during Thanksgiving week in an…

Unilever has been on a soul-searching mission for more than a year as it realigns its business to focus on its powerful brands, cut jobs and spin off units. To further trim the fat, the London-listed consumer giant, which makes Magnum ice cream and Dove soap, plans to sell off food brands worth a billion…

Consumers in the United States are browsing the Internet for online offers because they want to take advantage of the shopping marathon after Thanksgiving Cyber ​​Monday. Although e-commerce is now an integral part of many people’s normal routine and holiday shopping seasonCyber ​​Monday — a term coined in 2005 by the National Retail Federation —…

Sales by major arms makers rose last year due to the wars in Ukraine and Gaza and tensions in Asia, with sharp increases for manufacturers based in Russia and the Middle East, a report said on Monday. Sales of arms and military services by the world’s top 100 arms companies totaled $632 billion in 2023,…

SAN DIEGO – Revelation Biosciences Inc. (NASDAQ: REVB ), a $3.26 million market cap clinical life sciences company, has received approval from the U.S. Food and Drug Administration (FDA) to proceed with a Phase 1b clinical trial of its Gemini drug candidate. The company’s stock, currently trading at $0.76, has seen a significant decline of…

Good morning. Insurance is the science of balancing probabilities and consequences. The higher the chances that something will happen, the more it will cost you to insure against its consequences. The more you can do to reduce that likelihood – whether it’s setting off an alarm or visiting a threatened president-elect impose customs duties of…

The global economy in 2024 is a tale of two forces: optimism fueled by falling interest rates and uncertainty fueled by geopolitical unrest. As companies focus on sustainable growth, such a volatile environment inevitably tests their resilience. Since 2017 Wealth and Boston Consulting Group we’ve come together to identify our annual list of the Future…

Generative AI may not be coming for your business, but it is definitely coming for your business. Worldwide, 75% of knowledge workers now use gen AI in their work, according to a recent Microsoft/LinkedIn poll. Employees, not companies, often lead the way: In most countries, but especially in China and the US, many workers regularly…

Thousands of Volkswagen workers were due to go on strike on Monday in an escalating industrial dispute at the crisis-hit German car giant with thousands of jobs at stake. VW has been hit hard by high manufacturing costs at home, a faltering transition to electric vehicles and fierce competition in the key market of China….