Germany's biggest lender Deutsche Bank appointed John Cryan as its new CEO on Sunday after co-chief executives Anshu Jain and Juergen Fitschen resigned following criticism from investors. Cryan, 54, has been on the bank's supervisory board since 2013 and was a former chief financial officer of UBS. He will replace Jain from July 1 and become the sole CEO when Fitschen steps down next year, the bank said. Deutsche ...
Bitmine AG Goes Bankrupt, Facing Multiple Lawsuits for Non-delivery of Hardware Another Bitcoin company biting the dust; Bitmine AG, the Swiss Bitcoin mining hardware producer, has declared itself bankrupt. The company has been facing huge financial trouble and multiple lawsuits in regards to undelivered hardware and broken promises. It has now declared bankruptcy in the Swiss city of Bellinzona. The home page of the company ...
PepsiCo’s CEO Indra Nooyi was right. Now what? An audacious strategy shift beyond unhealthy snacks and drinks was prescient, but the challenges are still daunting. (Fortune)The Science of Scarcity: A behavioral economist’s fresh perspectives on poverty (Harvard Magazine)Pharma Execs Don’t Know Why Anyone Is Upset by a $94,500 Miracle Cure (Bloomberg)After Water (Longreads) see also California Has No Idea How Much Water It Has Left. NASA Can ...
Emile Renouf (1845-1894) Le canal d'Harfleur
Consumer credit in the U.S. showed another significant increase in the month of April, according to a report released by the Federal Reserve on Friday. The report said consumer credit surged up by $20.5 billion in April after jumping by an upwardly revised $21.3 billion in March. Economists had expected credit to climb by about $16.5 billion compared to the $20.5 billion increase originally reported for the previous month. ...