Former Novartis Executive Joins Lonza as its new Chief Financial Officer!
Lonza has appointed former Novartis executive Philippe Deecke as its new Chief Financial Officer, the Swiss chemicals company said on Thursday. Deecke, who was previously Global CFO for Novartis Oncology, will replace Rodolfo Savitzky, who is leaving Lonza for a role at another company. Deecke will join Lonza on Dec. 1. Prior to joining Novartis Oncology, […]
SpiceJet Limited has struck a deal with Avolon, a Boeing MAX aircraft lessor!
SpiceJet Ltd (SPJT.NS) of India stated on Thursday that it has struck an agreement with Avolon, a lessor of Boeing Co’s 737 MAX aircraft, allowing the planes to resume service. The airline said it expects to start operations of MAX aircraft around the end of September, subject to regulatory approvals. About SpiceJet Spicejet Ltd is […]
ESG appears to have become an integral part of risk assessment!
The process of incorporating environmental, social, and governance issues into investment decisions, resulting in increasing longer-term investments in sustainable economic activities and projects, is known as sustainable finance. ESG investing must have evolved through time to meet the needs of organizations and clients and individual investors, as well as some government agencies, who want to […]
Massmart holdings limited, S.Africa, Announces a lower H1 headline loss!
Massmart Holdings Limited (MSMJ.J) of South Africa said on Friday that its half-year headline loss had fallen by 40.8 %, thanks to rising sales despite new COVID-19 limits and effective expense control. In the 26 weeks to June, the Walmart majority-owned retailer said its headline loss from total operations fell to 645.4 million rand, down […]
Germany is considering selling up to a quarter of its Lufthansa stock
The German finance ministry said on Monday that it expects to sell up to a quarter of its 20% interest in Lufthansa (LHAG.DE) in the next weeks, noting favorable progress at the bailed-out airline. Following the announcement, Lufthansa shares fell as much as 4.9 % to 8.81 euros in early trading. The state bought a […]
PayPal will no longer charge late fees for Buy-Now
PayPal Holdings, Inc. (NASDAQ: PYPL) recently announced that it will no longer charge late fees on buy now, pay later purchases anywhere in the globe. Beginning October 1, new client purchases made with Pay in 4 in the United States, Pay in 3 in the United Kingdom, and Pay in 4X in France will be […]
The Afghan economy appears – a topic of concern!
The day after the Taliban took up residence in Kabul’s presidential palace, reclaiming control of Afghanistan two decades after US troops ousted them, fears of a return to the Taliban’s ruthless rule, as well as the threat of retaliatory killings, grew. Thousands of US troops were deployed into Afghanistan to help with the hasty retreat, […]
Ecobank is launching a contest for African startups!
Ecobank Group, a pan-African banking group, is looking for African Fintech companies to compete in its fourth Fintech Challenge. The Fintech Challenge, which allows innovative African entrepreneurs to market their fintech solutions, demonstrates the Bank’s commitment to supporting digitization. Ecobank may work with the startups to help them scale their solutions throughout the bank’s 33 […]
The crypto heist hacker returns the $610 million!
According to Poly Network, the cryptocurrency network targeted earlier this week by the attack, the hackers behind one of the greatest digital coin heists in history have already returned virtually all of the $610 million-plus they stole. One of the greatest cryptocurrency thefts in history occurred on Tuesday when a hacker targeted Poly Network, a […]
Human rights claims are limiting China’s international investment!
China’s efforts to be seen as a responsible investor abroad are put at risk by high rates of human rights abuses associated with its business operations, particularly in the metals and mining sector, according to a report released on Wednesday. The Business & Human Rights Resource Centre, a global nongovernmental organization (NGO), logged 679 charges […]
