EMEA REGION

Warner Bros. Discovery reveals new international leadership after flurry of exits

Following the recent departure of France division head Pierre Branco, Warner Bros. Discovery (WBD) has appointed Clément Schwebig to oversee multiple regions, including France, Benelux, Afrique, Allemagne, Autriche, and Suisse. Meanwhile, James Gibbons will now take charge of the Asia and Western Pacific regions, which will be consolidated into a single APAC region. This reorganization effectively expands the responsibilities of both Schwebig and Gibbons to encompass additional territories.

Customers adopting cloud for growth rather than cost savings: Infosys report

Nearly two-thirds (65%) of firms surveyed used three or four cloud vendors, a 75% increase over the proportion who used three or four providers in 2021, the Infosys Cloud Radar 2023 report released on Thursday found. Over the past two years, the proportion of companies using a single cloud provider has decreased from 21% in 2021 to just 7% in 2023.

VCT Ascension 2023 Americas, EMEA: Check dates, schedule, where to watch

VCT Ascension Tournament will set the fortunes for the winning teams with a stay in the Valorant Champions Tour (VCT) international leagues for two years.

Lupin to acquire French firm Medisol for around Rs 160 cr

Pharmaceuticals firm Lupin Ltd on Friday said it will fully acquire French pharmaceutical company Medisol for 18 million euros (over Rs 160 crore). The company has entered into a definitive agreement to acquire the entire share capital of Medisol, subject to approval from the French Ministry of Economy and Finance, Lupin said in a regulatory filing.

US software firm F5 to lay off 9% of workforce

According to F5, the workforce reduction will affect employees from various regions, including the US, EMEA (Europe, the Middle East and Africa), Australia, Japan, New Zealand, Canada, Latin America, APCJ, and India.

Royal Enfield plans assembly operations in Nepal, Bangladesh, to strengthen international presence: CEO B Govindarajan

Royal Enfield, the motorcycle maker, plans to extend its global reach, including setting up assembly operations in Bangladesh and Nepal, according to CEO B Govindarajan, to expand its record-breaking exports of 1,00,055 units in FY23. Royal Enfield has assembly units in Argentina, Brazil, Colombia, and Thailand, and plans to locate nearby its international consumers to gain their long-term confidence.

Abu Dhabi's ADNOC looks to raise up to $2 bln from IPO of gas unit

Companies from the Middle East raised some $21.9 billion through IPOs in 2022, more than half the total for the wider EMEA region, which also includes Europe and Africa, according to Dealogic data.

Global PC demand collapses amid recession fears, steepest decline since mid-1990s

Global recession fears, increased inflation and higher interest rates have had a major impact on PC demand and the global PC shipments logged 65.3 million units in the fourth quarter of 2022, a 28.5 per cent decrease from the fourth quarter of 2021, a report showed

actyv.ai appoints Karan Dixit as Regional Vice President - BD, Sales and GTM (Middle East, Africa and Turkey)

Hotels to roll out the welcome mat, cash in on G20 presidency

Vikramjit Singh, president at Lemon Tree Hotels, said as an immediate impact of India holding the G20 presidency, there has been a spike in demand for rooms across the markets of Delhi, Bengaluru, Mumbai, Punjab, Guwahati, Chennai, Chandigarh, Aurangabad, Indore, Jaipur, Lucknow, Kolkata, Pune, Surat, Udaipur, Gangtok and Hyderabad.

Citi to cut as many as 50 bankers in EMEA: Sources

Citi declined to comment on the figure, which provides the strongest indication yet of how deep proposed cuts will run as dealmaking slumps, hit by the Ukraine war, higher interest rates and soaring inflation. Citi employs around 6,000 people across banking, capital markets and advisory activities globally.

Tech Mahindra inks enterprise 5G MoU with Axiata Group

The MoU aims to develop new-age and cost-effective 5G solutions across industries, including manufacturing, oil & gas, and smart cities & services, among others.

We are in volatile times, there is real value in being diversified: Arnab Das

In the next few quarters, we still have to deal with the aftermath of the pandemic, the ongoing war and sanctions and the challenges there and if anything, we are in a slowing growth path in the case of Europe, a threat of recession kind of environment with still very high inflation. It may be not accelerating but is still at elevated levels. ”

Renew Power raises USD 400 million via dollar bonds

The renewable energy firm said the money was raised by the Mauritius-based Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc that is the parent of the operating firm ReNew Power.

G20 financial institutions have $22 tn exposure to polluting industries: Report

While banks' exposure is to the tune of USD 13.8 trillion, asset managers' equity holdings are worth USD 6.6 trillion, and the remainder USD 1.8 trillion are in cash and government securities, Moody's Investor Service said in its report.

ACME Solar raises $334 million through green bonds

The bonds will be issued by an offshore company and proceeds of the bonds will be used for subscription of non-convertible debentures issued by ACME’s projects, an official statement said.

Newgen Q4 results: Net profit rises 27% to Rs 53 cr

For the full year, the company's net profit grew 73.9 per cent to Rs 126.5 crore in the financial year 2020-21, while revenue was up 1.8 per cent to Rs 672.6 crore over the previous fiscal.

Citibank to exit India consumer banking business as part of global rejig

“Citi will focus its Global Consumer Bank presence in Asia and EMEA on four wealth centers — Singapore, Hong Kong, the UAE and London. As a result, Citi intends to pursue exits from its consumer franchises in thirteen markets across the two regions,” the bank said in a post-earning statement today.

Students can expect blended learning on Irish campuses, says Ireland's Consul General

Ireland’s Consul General to India Gerry Kelly spoke to ET about what students can expect in Ireland this year, and their job prospects after graduation.

DataCore launches R&D center in India; largest after Florida

The centre in India will be led by Vani Sharma as Center Head India & Vice President – Products, DataCore. The company plans to hire from educational institutions as well as laterally from the industry for the center.

Exim Bank to raise up to $3 billion from overseas borrowings in FY21

On January 6, the bank raised $1 billion through a 10-year 144A/Reg S bond.

PC shipments dip 10% in EMEA region in Q1 of 2016: Gartner

Personal computer shipments in Europe, the Middle East and Africa (EMEA) declined by 10 per cent to 19.5 million units in the first quarter this year, preliminary results by Gartner showed.

JLL appoints Yash Kapila as COO for IFM in EMEA region

Kapila will be responsible for account operations and business transformation, effective from the fourth quarter of 2015.