Barclays has appointed Tim Main to lead its financial institutions in Europe, the Middle East and Africa as part of a wider reshuffle of senior bankers. The London-based financial institution said on Tuesday that Main, who worked under former Barclays chief executive Jes Staley in 2016, wil
Mondelēz International today announced that Cadbury Dairy Milk made in Bournville and sold in the UK and Ireland is to be made with packaging containing up to 30% recycled plastic. Cadbury, the UK’s biggest food brand, will roll out the packaging innovation on more than 28 million sharin
Gatorade has launched the Gx bottle, which tracks personal hydration needs and lets athletes know when to drink with a light cap. The bottle is an addition to their Gx line and is designed for athletes to meet their hydration needs, with an additional applicator and sweat patch included for optimal
South Korean Internet giant Naver is buying online second-hand clothing marketplace Poshmark, for about $1.2 billion, the companies said on Tuesday. The deal, which Naver says is worth a total of about $1.6 billion when Poshmark’s money is included, is expected to close in the first quarter
Infrastructure projects in India are delayed 50% of the time, and one in four is over budget. Prime Minister Narendra Modi has decided that technology is the solution to these endless and familiar bottlenecks. 100 trillion rupee ($1.2 trillion) mega project called PM Gati Shakti—Hindi for th
The world is headed towards a global recession and prolonged stagnation unless fiscal and monetary policies holding sway in some advanced economies are quickly changed, according to a new report released on Monday by the UN Conference on Trade and Development (UNCTAD). “There is still time to ste
Chip maker Samsung Electronics has announced plans to more than triple its advanced manufacturing capacity by 2027 to meet strong demand despite current global headwinds. The world’s second-largest foundry, after Taiwan Semiconductor Manufacturing Co, aims to mass-produce high-tech 2-nanomet
Safety and medical technology leader Draeger has launched the new X-am 2800 portable gas detector, adding to its extensive range of safety and gas detectors. Dräger, with more than 100 years of experience in gas detectors, has developed a new device that allows measuring up to four different gases
Credit Suisse Group AG’s credit rating hit a record high while its stock hit a new low, adding to the confusion after the bank’s failed attempts to reassure markets about its financial stability. Five-year credit default swaps, at about 293 basis points, are up from about 55 basis poin
Banijay today announces the appointment of Cédric Brignon as its Chief Financial Officer. In his new post, he will be charged with overseeing the organisation’s overarching finance strategy, while working alongside the wider executive committee on delivering against its general long-term business