Anna Siampani

China’s trade with other APEC economies reached a historic peak of 21.27 trillion yuan ($2.95 trillion) in the first 10 months of 2024, according to data released by the General Administration of Customs on Wednesday. This figure represents a 5.7 percent increase compared to the same period in the previous year, surpassing the overall growth of China’s trade by 0.5 percentage points.

Xiaomi CEO Lei Jun recently celebrated a significant milestone in electric vehicle production, showcasing his dedication to hard work. On Tuesday, Lei announced that Xiaomi’s SU7 EV production had hit 100,000 units, sharing the news in a post on X. He included a photo of himself sleeping on a white mattress on the factory floor.

A recent report paints a stark picture of America’s housing challenges, highlighting the growing obstacles to homeownership amid an ongoing shortage. According to the National Association of Realtors, homebuyers in the U.S. are now older and wealthier than ever, with the average age of buyers reaching new heights.

Filipe Gouveia, a shipping analyst at BIMCO, shared insights into the recent decline in coal imports among advanced economies, with thermal coal shipments dropping by 9% year-over-year as coal-based electricity generation waned, especially in Europe. Meanwhile, Asian advanced economies saw only a 4% reduction due to increased electricity demand driven by higher temperatures and the need for cooling.

CAE has announced that Marc Parent, who has led the company for 20 years, including 15 as President and CEO, will step down at the annual general meeting scheduled for August 2025. Parent’s decision is part of CAE’s ongoing succession plan. Over his tenure, Parent has played a pivotal role in transforming CAE into a global leader in training solutions for civil aviation, defense, and security forces.

Under the patronage of H.E. Dr. Mohamed Ould Amar, Director-General of ALECSO, the first ALECSO Conference for the Visually Impaired in Arab Countries began on November 4, 2024, at the organization’s headquarters. The conference focused on “Ways to Develop Education for the Visually Impaired and Promote Policies for their Advancement.”

Liberty Media has announced that its President and CEO, Greg Maffei, will leave his position by the end of 2024. Maffei, who has been with the American investment firm since 2005 and took on the role of CEO in February 2006, decided not to renew his contract, which is set to expire.

In August, Astral revealed that Schutte would be stepping down at the upcoming Annual General Meeting, scheduled for January 30. The company has appointed Gary Arnold to serve as CEO, effective February 1, 2025. Arnold, who has served as Chief Operating Officer and executive director since 2012, has collaborated closely with Schutte over the years. According to the company, Arnold has been a vital figure at Astral for nearly three decades.

DBS Bank India’s Managing Director and CEO, Surojit Shome, is set to retire on February 28, 2025. The bank, which has maintained a presence in India for three decades, first established an office in Mumbai in 1994.

This weekend marks the conclusion of the inaugural T100 Triathlon World Tour, with Dubai hosting the final showdown. The season-ending event will be the seventh race in a groundbreaking series that has showcased top-tier competition at an unprecedented level for middle and long-distance triathlon. With the conclusion of the season comes a prize pool unlike […]