Unilever CEO Hein Schumacher is stepping down after less than two years in the job, with CFO Fernando Fernandez set to take his place in March, as announced by the company. The departure, by mutual agreement, will not affect Unilever’s 2025 outlook, with shares down 1.6% in London. Chairman Ian Meakins thanked Schumacher for his work, expressing confidence in Fernandez’s ability to lead the company’s growth strategy, with Srinivas Phatak taking over as interim CFO and a search initiated for a permanent replacement.
Full Article
Trump’s decision to lift Syria sanctions fuels dreams of economic revival | Politics News
In a surprising move, President Trump announced the lifting of sanctions on Syria, sparking optimism among Syrians for economic reintegration and recovery after years of war and dictatorship. The Syrian pound strengthened significantly following the announcement, but analysts caution that the removal of sanctions is complex and may take time, with essential reforms needed for long-term growth. Despite regional support for Syria’s new leadership, the U.S. has historically maintained a cautious stance, indicating that tangible...
Read more