Thu, Dec 26 2024
In a major shake-up within the Swiss banking sector, Julius Baer Group has announced the resignation of its Chief Executive Officer (CEO) alongside a strategic decision to exit the private debt business. The unexpected move has sent ripples through the financial industry, prompting speculation about the bank's future direction.
David G. Hager, the CEO of Occidental Petroleum Corporation, has issued a stark warning that the oil market is on track to experience a supply shortage by the end of 2025. The statement comes amidst growing concerns about the future of global energy supply and the challenges facing the oil industry.
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