Europe

Former Wirecard CEO Markus Braun Arrested

June 23, 2020
As the German payments company falls deeper into scandal following a €1.9 billion balance sheet hole, its former CEO has been arrested on suspicion of fraud.
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Wirecard Acknowledges Scale of Fraud Scandal

June 22, 2020
The once-prominent German payments firm admitted on Monday that the missing €1.9 billion on its balance sheets may "not exist”.
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Wirecard CEO Resigns as €1.9 Billion Discovered “Missing”

June 19, 2020
Once an enormously successful fintech start-up, Wirecard has plunged into crisis following the loss of €1.9 billion from balance sheets due to suspected fraud.
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Siemens Gamesa CEO Replaced as Onshore Wind Division Struggles

June 18, 2020
Months before Siemens Gamesa’s merger into a new Siemens spin-off, CEO Markus Tacke and the board of directors have “mutually agreed to terminate” Tacke’s contract.
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How CEOs Can Successfully Implement Charitable Initiatives

June 18, 2020
In the wake of the COVID-19 pandemic, CEOs are considering how their organisation can support charitable and grassroots initiatives. Many believe that finding a partnership that delivers value for both parties is impossible – but it doesn’t have to be.
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Huawei Overtakes Apple and Samsung as Smartphone World Leader

June 16, 2020
To the surprise of many, Huawei overtook Samsung as the world’s largest smartphone manufacturer in April, with a 2% greater market share.
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Lufthansa to Cut 26,000 Jobs

June 11, 2020
Chief executive Carsten Spohr described the move as a necessary one, as COVID-19 has brought air travel to a “virtual standstill”.
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Volkswagen Chief Replaced Following Internal Disputes

June 9, 2020
Herbert Diess was removed from his position after clashing with key stakeholders and directors, for which he has now apologised.
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Bentley CEO Announces Intent to Lay Off 1,000 UK Employees

June 5, 2020
The luxury carmaker will cut the jobs of almost a quarter of its workforce amid an auto industry slowdown.
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Victoria's Secret UK Arm Goes into Administration

June 5, 2020
The American lingerie, clothing and beauty retailer, which is famous for its annual fashion shows, has 25 shops in the UK - all of which have been closed since the beginning of lockdown in March. Administrator Deloitte has said that there won't be any immediate redundancies whilst it tries to find a buyer for the chain. […]
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Could Coronavirus Trigger the Start of a Circular Economy?

June 1, 2020
Defined by the Ellen Macarthur Foundation, a circular economy is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. As the COVID-19 pandemic continues, could such an economy be on the horizon?
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CEO Profiles - Tomer Aboody and Joshua Elash (Co-Founders at MT Finance)

May 29, 2020
Tomer Aboody and Joshua Elash are the co-founders of property finance company MT Finance which launched in 2008. The company has emerged as one of the leaders in the bridging finance industry, helping individuals and companies to grow their business and purchase property, whilst avoiding traditional property chains and mortgage delays.
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