Australia’s flagship airline Qantas has announced its Chief Financial Officer Vanessa Hudson will replace current CEO Alan Joyce. She will become Qantas’ first female boss when she takes over in November. The airline has suffered turbulence in recent times, with record losses during Covid-19 and a series of controversies damaging the brand. Ms Hudson, who…
Banking giant HSBC says its profits got a $1.5bn (£1.2bn) boost from the purchase of collapsed Silicon Valley Bank’s British business (SVB UK). Europe’s biggest bank posted a pre-tax profit of $12.9bn for the three months to the end of March. That is more than three times the amount it made for the same time…
North Asia’s export powerhouses continued to stutter in April amid sluggish global trade and a patchy economic recovery in China, according to new data that amplified concerns about the risk of a global recession. Factories in South Korea and Taiwan saw activity contract last month, according to surveys published Tuesday by S&P Global. Manufacturing purchasing…
MILAN, May 2 (Reuters) – Italian Design Brands (IDB), a hub of Italian furniture and lighting companies, said on Tuesday it was carrying on with plans to list on the Milan bourse as a new investor acquired a majority stake in its parent company. Merchant bank Tamburi Investment Partners (TIP.MI) said late on Monday it…