Leading CEOs nervous about 2024 while investors are bullish

CEOs expect a recovery in M&A activity in 2024, in spite of concerns about tougher regulatory oversight and higher cost of capital, according to a new study by Teneo, the global CEO advisory firm. The annual survey, which examines the views of 260 public company CEOs and institutional investors representing more than $3.4 trillion USD of company and portfolio value, also shows

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European luxury giant LVMH breaks $500 bn market cap

Paris-based LVMH Moet Hennessy Louis Vuitton became on Monday (April 24) the first company listed in Europe with a market value of over $500 billion, thanks to booming demand among the wealthy for its high-end brands including Christian Dior, Bulgari and Tiffany jewellery. LVMH shares closed up 90 euro cents (0.1%) to €902.00 on Monday giving the French company a market capitalisation

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Ant Group’s Jack Ma further retreats from his tech empire

Chinese billionaire and Ant Group’s founder Jack Ma is ceding control of the fintech giant, the company announced on Saturday (Jan. 7). The Ant Group is an affiliate company of the multinational technology company Alibaba Group, also founded by Ma. Ant operates China’s mobile payment app Alipay, the world’s largest, which has more than 1 billion users. Prior to the change, Ma

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Brazil’s CloudWalk set to launch blockchain

Brazilian fintech CloudWalk is set to launch its own blockchain, a ledger that records cryptocurrency transaction and operations. The goal, which is already being met, is to escalate the business. With its own network, it can handle 500 transactions per second – 70 times more than before, when it was based on blockchain platforms such as Ethereum and Polygon. Luis Silva, founder

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India’s EdTech LEAD enters the Unicorn club

LEAD, India’s foremost player in the School EdTech category, has raised US $100 million in a new funding round, dubbed a Series E round. The Series E funding round was led by returning investor WestBridge Capital and global Ventrure Capital fund GSV Ventures, making this one of their largest EdTech investment to fuel the company’s ambitious vision of transforming core schooling in India with tech-integrated

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Cox Energy America initiates process to dual listing

Mexico-based Cox Energy America, the first photovoltaic solar energy company to be listed on a Latin American stock exchange, officially begins listing its representative shares of the company’s share capital in the Spanish market. The listing process will be in the BME Growth, a sub-market of Bolsas y Mercados Españoles (BME), It is a platform that allows growing small and medium-sized (SMEs)

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Telecom Egypt sees net profit, revenue soar

Cairo-based Telecom Egypt posted net profit of EGP 3.9 billion ($249.20 million) for the first half of 2021, surging by 88% year-on-year. Total consolidated revenue stood at EGP17.4 billion in the period, up 16% year-on-year. The Arab country’s primary telecommunication company attributed this growth in net revenue to the steady operational performance, foreign exchange gains, and higher investment income from Vodafone. In

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