Renewable energy accounted for 24.5% of the European Union’s energy consumption in 2023, marking a new record. Despite this progress, the figure remains significantly below the EU's ambitious target of 42.5% by 2030. Among the bloc’s four largest economies, only Spain exceeded the EU average in renewable energy usage. Sweden...

Olympus Corporation has enlisted the help of a global executive recruitment firm to assist its board search committee in identifying and evaluating candidates for the role of CEO. The Tokyo-based medtech company emphasized its commitment to completing the succession process swiftly and efficiently to ensure sustained leadership and growth, according...

Leonard Livschitz, CEO of Grid Dynamics Holdings, Inc. (NASDAQ: GDYN), recently reduced his ownership stake in the company, selling 40,000 shares of common stock on December 24, 2024. According to a filing with the Securities and Exchange Commission, the shares were sold at a weighted average price of $20.53, amounting...

Yell Shanghai emerged as a standout at the ECI Awards China 2024, earning prestigious accolades that celebrate its innovative edge. Dissara Udomdej, the Founder and CEO, was commended for his exceptional contributions and was named “The Business Creative Talent of the Year” at the Innovator of the Year event. The...

The European Union (EU) and Mercosur, comprising Argentina, Brazil, Paraguay, and Uruguay, have reached an agreement in principle to establish a bilateral trade deal. This pact, which has been in negotiation for 25 years, aims to create a free-trade zone encompassing over 700 million people across two continents. However, political...

Oregon boasts one of the wealthiest billionaires globally, with Phil Knight, co-founder and former CEO of Nike, securing the No. 24 spot on the list of America’s richest individuals. The ranking, which evaluates 400 billionaires and their families in the United States, places Knight among the top 100 wealthiest people...

Richard Dean “Dick” Parsons, a renowned business executive celebrated for his pivotal role in Time Warner’s revival and his broader contributions to corporate America, has passed away at the age of 76. Lazard, where Parsons served as a longtime board member, confirmed his death. Parsons ascended to the role of...

KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has made a significant foray into cryptocurrency by acquiring Bitcoin worth $21 million. The company announced on December 26 that it had purchased 217.18 Bitcoins at an average price of $96,556.53 per coin. This acquisition...

The global surge in ultra-wealthy individuals since the onset of the COVID-19 pandemic has not made it easier to join the ranks of the top 1% of earners in the United States. According to Knight Frank's 2024 Wealth Report, the wealthiest 1% of Americans are worth at least $5.8 million....