Sources not named by Reuters News claimed that the French government will be backing the Ben Smith as the next chief executive officer of Air France-KLM. Ben Smith is the current CEO of Air Canada. There are signs that likely appointment of Ben Smith will lead to protests as unions […]
Nigeria’s Multiverse Mining and Exploration Plc said Mr. Mamman Bukar Zargana has been appointed as a Non-Executive Director of the Company. Mamman Bukar Zargana is currently the Managing Director, Chief Executive Officer of Mainstreet Capital Limited. His experience in investment banking spans almost twenty (20) years, with in-depth investment banking […]
London-based Petrofac said it has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation. Petrofac said in a statement that Fady joins from MENA investment company Waha Capital, where he was Chief Information Officer/Group Head of IT for the Abu Dhabi based company from […]
There may be more troubles for Abraaj Holdings despite its moves to restructure and avert a total bankruptcy. The Dubai Financial Services Authority, DFSA said it has instructed Abraaj Investment Management Limited or AIML from providing “any unauthorised financial services activities in or from the DIFC”. It would be recalled […]
South Africa’s Tiger Brands said it has appointed Ms Gail Klintworth as independent non- executive director of the Company with effect from today, 16 August 2018. The company said in a statement that Ms Klintworth obtained her BA degree, majoring in Industrial Psychology, from the University of Witwatersrand and holds […]
The statistics office of Africa’s largest economy, the National Bureau of Statistics that inflation in the month of July fell to 11.14 percent (year-on-year) in July 2018. The NBS said the data is 0.09 percent points less than the rate recorded in June 2018 (11.23) percent and represents an eighteenth […]
America’s activist investor, Starboard Value LP said it has acquired 5.8% equity stake in web security company, Symantec. According to Reuters News which quoted the Wall Street Journal that Starboard is seeking five board seats at the cyber-security company. Starboard privately named its nominees in June after buying the stake […]
JetBlue Airways Corp. has announced the appointment of B. Ben Baldanza and Sarah Robb O’Hagan to its Board of Directors. The independent director appointments are effective immediately, following unanimous approval by the company’s Board of Directors. JetBlue said in a statement B. Ben Baldanza is an airline industry veteran with […]
Following plans by Elon Musk to take Tesla private, he is already receiving knocks from various financial analysts. Robert C. Pozen, a fellow at the Brookings Institute said Musk’s plan to take Tesla private is a ‘sham’ and a pipe dream. In a blog post, Robert said: vague proposal to […]
For losing his cryptocurrencies, a popular US digital currency investor, Michael Terpin has sued telecom giant, AT&T for $224 million. In a lawsuit filed by the cryptocurrency investor, Michael Terpin is accusing AT&T of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. […]