Image by Wpcpey - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=50843779 Hang Seng has said that its vice-chair and CEO, Louisa Cheang Wai-wan has extended her leave of absence as she recovers from a medical condition first disclosed last year. After her medical leave of absence, Cheang will return as a HSBC executive. In a statement, […]
Abdullo Kurbanov, co-founder and CEO of Alif Bank, speaks to CEO Today about Alif and his career so far. You've got an interesting story of coming back home from London against all the odds and building a company in Central Asia. Why start a fintech in Tajikistan? In the early 2010s, the world was reeling […]
On Friday, Xavier Niel announced a “simplified public tender” offer for Iliad shares at an offer price of $216 per share. The proposal saw a 61% increase for the stock on the Euronext Paris, boosting Niel’s net worth by $3 billion up to an estimated net worth of $10.4 billion. Niel owns approximately 70% of […]
Naguib Sawiris has said that creating a fund is the natural step after La Mancha vended-in its operational assets into Evolution Mining and Endeavour Mining in 2015. The fund will include La Mancha’s gold mining assets in Endeavour Mining, Evolution Mining, Altus Strategies, and Golden Star. The fund, which will be advised by La Mancha […]
After over a year of no travelling, we were so lucky to be able to escape to the Maldives and Huvafen Fushi for a much-needed adventure, mixed with a little bit of R&R. Read on to find out how our stay at one of the most sought-after resorts in the Maldives was. We reach Huvafen […]
To celebrate Pride Month this year, we take a look at the five companies across the globe that share two similarities – big revenues and an LGBTQ+ CEO at the helm.
German automobile giant Audi has announced it will end the development of new internal combustion engine models by 2026, and will instead focus on full-electric drivetrains. Audi’s CEO, Markus Duesmann, made the announcement at a management meeting at the company’s Ingolstadt headquarters on Thursday. The transition will be gradual, with new diesel, gasoline, and hybrid […]
On Tuesday, Longyan’s city government education bureau said that Zhang Yiming, founder of multinational internet technology company ByteDance, will donate $77.35 million to the southeastern Chinese city for education. Zhang Yiming’s move is part of a wider trend by Chinese tech billionaires, who are keenly making donations, especially in education, amid a sudden and unprecedented […]
Just a month on from Norwegian exiting bankruptcy protection, the company’s CEO, Jacob Schram, is stepping down after 18 months in the role. Current CFO, Geir Karlsen, is set to take his place. Karlsen has been with Norwegian as its CFO since April 2018. He temporarily took on the position of CEO when former Bjorn […]
James Hebbert, managing director of Hylink (UK), gives CEO Today an insight into China's thriving duty-free market and explains how global luxury brands can make the most of it. China's duty-free market is rapidly expanding, particularly in the island province of Hainan where even domestic tourists can shop duty-free. Last year alone, duty-free sales in Hainan […]
Patrick Drahi, founder of the European-based telecom group Altice, has bought a 12.1% stake in telecommunications company BT, worth approximately £2.2 billion. Altice is now BT’s largest shareholder after the purchase of 1.2 billion shares by recently-formed Altice UK. BNP Paribas and Morgan Stanley handled the share purchases. Drahi, who has a net worth of […]
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