On Saturday, German Commerzbank announced appointment of Manfred Knof as CEO. Now head of retail banking at another German bank, Deutsche Bank, Mr. Knof will take over this position from January 1, 2021. The current director of Commerzbank Martin Zielke, as well as the chairman of the board of...

The coronavirus pandemic, which has driven up spending on key BHP Group mining projects and reduced production, has also negatively affected the remuneration of its CEO Mike Henry. The results for the fiscal year that ended in June 2020, partly due to the coronavirus, were below the targets of the...

Citigroup Inc has appointed Fraser as many embraced the decision as a right step towards promoting diversity and inclusion in the mainly male dominated financial industry. Citigroup Inc announced the name of its first woman chief executive officer, Jane Fraser, for consumer banking arm. This makes...

Following the launch of Instagram reels Facebook stock soared up by "12%" in 2 days. Founder of Facebook, Mark Zuckerberg's personal wealth jumped by "$100 billion" following the launch of the Instagram reels as a means to replace rival Tik Tok, a "controversial Chinese app" reported the "Bloomberg...

The capital of the founder of Tesla and SpaceX, Elon Musk, has grown more than 3.5 times since the beginning of this year and for the first time exceeded $100 billion, Bloomberg writes with reference to the Bloomberg Billionaires Index (BBI). As of August 27, Musk's fortune is estimated at $101...

Andy Bird will be replacing current CEO, John Fallon, and will assume the role from October 19, 2020. On Monday, Pearson, a global education publisher, stated, it has appointed Andy Bird, as its new CEO.   Bird is a media veteran who ran the international arm of The Walt Disney Company. He...

British retailer Marks & Spencer has announced that it will cut 7,000 jobs in the next three months due to a slowdown in sales amid the pandemic and cost-cutting programs. The cuts will affect the company's central support center, administrative positions in regional divisions and store...

The American company Booking Holdings, which owns the online hotel booking service Booking.com, has announced its intention to cut 25% of its employees amid a sharp drop in tourist travel during the pandemic. The company announced such plans in a notice filed with the US Securities and Exchange...

American corporation Google has decided to allow employees to continue working remotely, if they wish, at least until July 2021, CNN reports. “To enable employees to plan for the future, we are extending the possibility to work from home until June 30, 2021 for those positions that do not require a...