Shannon Eisenhardt to succeed Jeff Carr as Reckitt’s chief of finance
Consumer goods conglomerate Reckitt has revealed its upcoming finance chief transition, with the current CFO, Jeff Carr, set to retire in March. Taking over the financial reins...
Lightyear and BlackRock launche high-yield money market funds for Uk retail investors
LONDON: Investment platform Lightyear has launched three high-yield money-market funds for UK retail investors, in collaboration with BlackRock, according to international-adviser. Highlights: · The funds are designed...
M&S to regain place on London’s blue-chip FTSE 100 Index
LONDON: Marks and Spencer Group (M&S) is set to regain its place on the FTSE 100 index after four years, following strong share price gains...
European business activity contracts to lowest since November 2020 amidst lingering economic challenges
European economies face renewed contraction, marked by a notable decline in business activity throughout August, reaching levels not seen since November 2020. LONDON: The Eurozone’s...
Kasikornbank (KBank) eyes $1 billion deal to buy Home Credit Vietnam
Kasikornbank, Thailand’s second-biggest lender, is in talks to buy Home Credit Vietnam, a consumer finance provider, in a deal worth up to $1 billion, Reuters...
IBM to sell weather business to Francisco Partners in streamlining move
International Business Machines (IBM) has entered into an agreement to divest its weather business to private equity firm Francisco Partners, as disclosed by the technology...
Telenor hires Google Cloud executive as CTO to boost AI capabilities
Telenor has appointed Amol Phadke, a former Google Cloud executive, as its new Chief Technology Officer (CTO) to strengthen its artificial intelligence (AI) activities, the Norwegian telecoms...
Microsoft sells Activision streaming rights to Ubisoft to win UK approval for $69 billion deal
Microsoft has agreed to sell the cloud streaming rights for Activision Blizzard’s games to Ubisoft Entertainment, in a bid to overcome the British regulator’s opposition to its...
Astrocyte Pharmaceuticals raises $6 million to advance novel brain injury therapeutics
Astrocyte Pharmaceuticals, a company focused on clinical-stage drug discovery and development based in Cambridge, MA, with operations in Groton, CT, has secured $6 million in...
Apple’s Future Chip Development: Clues Emerge About A19 and M5 Processors for Upcoming Devices
Apple has yet to formally unveil details about the upcoming A17 Bionic and M3 chips, intended for the iPhone 15 and the latest Mac models....
Goldman Sachs explores partial sale of private wealth business
Goldman Sachs has announced its contemplation of selling a portion of its wealth business that caters to high net worth individuals. The shift in focus...
Apple Watch Series 9: What to Expect from the Upcoming Release
As we approach Apple’s highly anticipated September 2023 event, speculation is mounting about the unveiling of the Apple Watch Series 9. Given the watch’s history...