The decline in the stock market on Wednesday significantly impacted the fortunes of the world’s richest individuals, with the top ten losing nearly $66 billion collectively as shares of companies like Tesla, Alphabet, and Meta dropped. Tech stocks suffered notable losses after disappointing second-quarter earnings reports from Tesla and Alphabet were released late Tuesday. The most […] The post Market Downturn Slices $66 Billion from World’s Top 10 Wealthiest Individuals appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

Finance ministers and central bank governors from the G-20 major advanced and emerging economies have endorsed a statement advocating for the expedited implementation of digital services taxes, targeting large information technology companies. This decision, made during the first day of a two-day meeting in Rio de Janeiro, underscores the G-20’s commitment to enhancing international tax […] The post G-20 Finance Leaders Push for Swift Implementation of Digital Services Tax appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

Executive pay has become a contentious issue, largely due to the increasing disparity between the salaries of CEOs and average workers. Proponents of high CEO compensation argue that their leadership skills generate significant returns for investors, thus justifying their substantial paychecks. However, critics highlight that stock market returns have not kept pace with the rapid […] The post Historical Data Over The Growing Controversy Over Executive Pay appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

Deezer has announced Alexis Lanternier as its new CEO, effective September 2, 2024. Lanternier will take over from interim CEO Stu Bergen, who will continue to serve on Deezer’s Board of Directors. Bergen had stepped into the interim role in March following the departure of former CEO Jeronimo Folgueira. Based at Deezer’s headquarters in Paris, […] The post Deezer Appoints Alexis Lanternier as New CEO Effective September 2 appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

Inflation is easing in several leading African economies, but Nigeria continues to face high consumer prices. The National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation rose to 34.19% in June, up from 33.95% in May 2024. Conversely, South Africa, recognized by the International Monetary Fund as the continent’s top economy, is experiencing a […] The post Mixed Inflation Trends in African Economies – A Closer Look appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

Global coal demand is projected to remain largely stable in 2024 and 2025, as increasing electricity needs in major economies counterbalance a gradual recovery in hydropower and the rapid growth of solar and wind energy, according to the International Energy Agency’s (IEA) latest coal market report. In 2023, global coal use rose by 2.6% to […] The post Global Coal Demand Steady Through 2025 Amid Surging Electricity Needs appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

The Financial Stability Board (FSB) has issued a report detailing the risks that foreign currency stablecoins pose to emerging economies. In nations plagued by unstable currencies and high inflation, stablecoins offer an alternative to safeguard funds. Data suggests that in some emerging markets, such as Argentina, users rely on dollar-pegged stablecoins for everyday transactions. The […] The post FSB Preliminary Conclusions on Risks of Stablecoins in Emerging Economies appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

Over the past decade, the world’s richest 1% have amassed an additional $42 trillion, according to a recent report by Oxfam. The non-governmental organization highlighted that taxes on the wealthy have fallen to “historic lows,” exacerbating global inequality and leaving the majority to contend with limited resources. Oxfam’s report revealed that the $42 trillion accumulated […] The post Oxfam Report: $42 Trillion Accumulated by the Wealthiest 1% Over the Past Decade appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

A recent Eurobarometer survey revealed that over 95% of citizens in Greece, Portugal, Malta, and Slovenia believe corruption is rampant in their countries. The poll, released on Wednesday, indicated that more than two-thirds of European Union citizens think corruption is widespread in their respective nations. According to the survey, 68% of Europeans perceive corruption as […] The post Widespread Perception of Corruption in the EU, especially in Southern States appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more

Jim Cramer, Salesforce CEO Marc Benioff, and Workday CEO Carl Eschenbach unveiled their companies’ new partnership aimed at developing artificial intelligence to improve onboarding and human resources, among other functions. The CEOs emphasized that the partnership’s strength lies in combining their extensive data resources. Benioff explained that AI thrives on data access, stating that their […] The post Salesforce and Workday CEOs Announce AI Partnership to Enhance HR and Onboarding appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023 ..read more