Francesca Carlesi, a former executive at Barclays, has been named as the new CEO of Revolut, a European FinTech company, effective Thursday. Carlesi, who has fifteen years of experience in the financial services industry and was previously employed at Deutsche Bank, was most recently the CEO of Molo Finance, a digital mortgage lender. Revolut’s spokesperson…
The International Monetary Fund released its latest World Economic Outlook on Tuesday, revising its US growth forecast while predicting a slowdown in expansion in the Eurozone. The IMF has raised its forecast for U.S. growth this year to 2.1%, an increase of 0.3 points from the latest estimate in July. The outlook for next year…
The Group of 20 countries on Saturday overcame differences over references to the war in Ukraine and agreed on a joint declaration that paves the way for debt repayment frameworks and country-based climate finance solutions, among other pledges to boost development in the global south. In an 83-paragraph joint communique aimed at deepening the inclusion…
USA President Joe Biden will travel to New Delhi, India to meet with the world’s largest economies (the Group of 20) at the G20 summit and reassert himself as a top diplomat. The 18th G20 summit is scheduled in New Delhi, India on 9th and 10th September. During his presidency, Biden preached the gospel of…
