How CEOs Can Utilise AI to Evaluate Employee Effectiveness

Given the rapidly evolving nature of business today, CEOs are constantly seeking innovative ways to enhance operational efficiency, productivity, and overall performance. Artificial Intelligence (AI) has emerged as a powerful tool that not only streamlines processes but also offers insightful solutions to key challenges.

Canadian Tire slashes corporate workforce

Canadian Tire Corp. Ltd. has announced plans to reduce its corporate workforce by approximately three percent in response to a decline in consumer demand. The retailer disclosed the job cuts in its

Kuwait set to introduce corporate tax laws

Kuwait is gearing up for a significant tax system overhaul as part of its bid to join the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS). The move comes as Kuwait is the only Gulf Cooperation Council state

Klarna launches UK holding company

Swedish fintech firm Klarna has announced the establishment of a U.K. holding company, marking a pivotal move towards its highly anticipated initial public offering

Ping An records $2.1bn in loses

Chinese property stocks experienced a notable surge in value, while Ping An Insurance Group shares took a significant hit, reaching a one-year low on

PayPal CEO announces planned changes

PayPal’s new CEO, Alex Chriss, has outlined his priorities for transforming the digital payments company into a more profitable growth enterprise. Taking over the role just weeks ago, Chriss acknowledged the challenges

Francesca Carlesi takes over as Revolut UK CEO

Francesca Carlesi, a seasoned financial professional with a PhD in banking and finance, has assumed the role of CEO for Revolut’s UK division. Revolut, recognised as the UK’s most valuable start-up with

GCC BDI strikes deal to help board directors

The GCC Board Directors Institute (GCC BDI), a not-for-profit organisation dedicated to supporting board directors, has entered into a three-year partnership agreement with Nesma and Partners Contracting Company Ltd. (N&P), a prominent

Tax evasion by big firms creates $1trn problem

Tax evasion by multinational corporations has become a contentious issue of global concern. In 2022, a substantial $1 trillion in profits was reportedly stashed in tax havens by major companies, comprising around

Wells Fargo announces new appointments

Wells Fargo & Co. has unveiled a series of strategic appointments aimed at enhancing its investment banking sector. These moves are part of the San Francisco-based lender’s broader strategy to solidify its

BlackBerry CEO announces retirement

John Chen, CEO of BlackBerry, is set to retire at the end of the week, concluding his decade-long tenure at the helm of the Canadian technology company. During his leadership, Chen oversaw

HSBC unveils buyback plans

HSBC Holdings Plc has recently announced a new share buyback program and hinted at the potential for additional returns to investors, despite its third-quarter profits falling below market expectations. The London-based bank

Web Summit appoints new CEO

Katherine Maher, the former executive director of the Wikimedia Foundation, has been announced as the new executive president of the Web Summit. The Web Summit is a prominent technology conference that connects people and ideas from around the world. Maher,