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Societe Generale Taps Sabadell's Alvear as New CFO
The French bank outlined several management changes as it reported a sharp rise in net profit for the third quarter, helped by higher banking income.Business - The Wall Street Journal - 17 hours ago -
Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.Business - CNBC - 2 days ago -
What Germany’s new naval base means for Baltic security
Also in this newsletter: the UK joins the EU in committing to the G7 loan to UkraineWorld - Financial Times - October 22 -
HSBC embarks on major restructuring, names first female CFO
HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender's first female finance chief.Business - CNBC - October 22 -
Big companies are seeing more turnover in the CFO chair. Here's why that matters
CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023.Business - CNBC - 5 days ago -
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.Business - CNBC - Yesterday -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - Yesterday -
A Very New York Party for New York Nico
At Astor Place Hairstylists, an old-school barbershop, small-business owners feted a social media star who spotlights the city’s gritty character.Lifestyle - The New York Times - 6 days ago -
Sorbara’s, the Hot New Thing In Vintage
Kathleen Sorbara founded the beloved vintage boutique Chickee’s, and she’s got a fresh idea for her devoted customer base.Lifestyle - The New York Times - October 17 -
New York menswear is back!
The city’s retail offering for men has been lacklustre, but a wave of product lovers are seeking to change thatWorld - Financial Times - October 18 -
New experiments in grape growing
Breeders have crossed and hybridised vines for centuries but they’re facing different challenges nowBusiness - Financial Times - October 19