As Disney appoints a new chairman, the struggle continues to find a suitable replacement for CEO Bob Iger. A successor must be named in 2026. ADVERTISEMENT Disney has named former boss of Morgan Stanley James Gorman as its new chairman – set to begin his duties early next year. He will succeed Mark Parker, who has spent nine years on …
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AIB bucks the online trend with plans to invest in branch upgrades
AIB, one of the largest Irish banks, is planning a multi-million euro refit of its branches as it seeks to reiterate its commitment to maintaining its strong branch network in Ireland. ADVERTISEMENT Allied Irish Banks (AIB) is planning to invest some €40m in upgrading its network of branches throughout Ireland. This will mean 35 refurbishments, and will involve 112 branches, …
Read More »BHP faces multi-billion UK lawsuit over 2015 Brazil dam collapse
Mining company BHP is being sued for billions of euros by victims of a dam collapse in Brazil back in 2015. This lawsuit will be one of the biggest of its kind in English legal history. ADVERTISEMENT The UK trial concerning the Brazilian Fundão tailings dam collapse in 2015 is taking place, almost nine years after the incident. The lawsuit …
Read More »Volkswagen faces hefty fine for mistreatment of UK customers
The UK’s financial watchdog found Volkswagen had sometimes confiscated cars from vulnerable customers “without considering other options”. ADVERTISEMENT The UK’s Financial Conduct Authority (FCA) has issued a £5.4m (€6.48m) penalty to Volkswagen Finance for mistreating borrowers between 2017 and 2023. In a statement on Monday, the FCA added that the financial unit of the German car maker would also have …
Read More »Doliprane-maker Sanofi confirms exclusive talks with US firm CD&R
The American private equity firm has agreed to French government demands about protecting jobs and investment in France. ADVERTISEMENT French pharmaceutical group Sanofi and US private equity firm Clayton Dubilier & Rice (CD&R) have entered exclusive negotiations regarding the partial takeover of Sanofi subsidiary Opella. The news comes after the French government agreed to buy a 2% stake in Opella …
Read More »New to investing? Here’s where to start with a portfolio manager
Euronews Business looks at how to select a good investment portfolio manager, why you need one in the first place, and how to tell if it’s time to part ways. ADVERTISEMENT Choosing the right investment portfolio manager can often mean the difference between success and potential failure in meeting your long-term financial goals. However, some people may also prefer to …
Read More »Week ahead: A look forward to what might be moving the markets
This week, several key trends are capturing investors’ attention, including eurozone economic activity, central bank rate decisions, and major companies’ quarterly earnings. ADVERTISEMENT The spotlight this week will be on the flash manufacturing Purchasing Manager Index (PMI) for the Eurozone, the United Kingdom (UK), and the United States (US). Additionally, the Bank of Canada’s interest rate decision will offer further …
Read More »Waste not, want not: Is sustainable industry viable?
The UN’s Christophe Yvetot discusses the importance of solidarity in achieving the SDGs. ADVERTISEMENT The United Nations has 17 Sustainable Development Goals that contain ambitious objectives for member countries to meet by 2030. As of 2023, only 15% of these objectives were on track for success. One such goal is Goal Nine focusing on “sustainable industrialisation”. This idea seems oxymoronic …
Read More »Silver-haired hires: Why would employees extend their working lives?
Ageing populations require a shake up of our pension systems, but fair and effective changes require an understanding of older workers. ADVERTISEMENT Across Europe, raising pension ages is a necessary – yet incendiary – conversation. As life expectancies increase, so does the ratio of pensioners to workers, ultimately resulting in mounting pressure on state budgets. In countries where retirement reforms …
Read More »ECB watchers see more rate cuts to come after October decision
Economists expect the ECB to continue rate cuts, aiming for 2% by mid-2025. Lagarde’s focus on downside inflation risks and weak growth signals further easing. ADVERTISEMENT Economists and market analysts are in broad agreement that the European Central Bank (ECB) will continue cutting interest rates at each meeting for the foreseeable future, following Thursday’s decision to reduce rates by 25 …
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