Kering to Award €20 Million Welcome Bonus to New CEO Luca de Meo
The fashion company is compensating De Meo for giving up part of his long-term remuneration when he left his previous role as Renault SA CEO, according to a shareholder notice this week. The award will be paid partly in cash and Kering shares.
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Newcastle ready to strike mega Liverpool Alexander Isak agreement
Newcastle are ready to agree to a mega sale of Alexander Isak according to one report but it all depends on one condition. Things have reached a boiling point between the two parties. Both Newcastle and Isak released statements of their own on Tuesday night in which they contradict each other. 🚨2025/26 LFC x adidas range🚨 LFC x adidas Shop the away range TODAY LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! Isak claims he had an agreement with Newcastle which they didn't adhere to. Newcastle claim there was no agreement of any kind in place. It's a bit of he said, she said at the moment. We probably will never find out the truth. But while Newcastle remain open to paving a way back for Isak into the first team, the Swede remains adamant he wants a change and made that clear in his statement. Ultimately, who will prevail remains to be seen. One thing is certain, even in Newcastle's statement, a departure from the club has not been ruled out. Newcastle claimed that certain 'conditions' had to be met, without alluding to what this is in order for Isak to be sold. These haven't been met so far but they could be soon. 🔴 Shop the LFC 2025/26 adidas away range According to Keith Downie, a reporter for Sky Sports, speaking on the Good Morning Transfers show, Newcastle could be ready to agree a mega transfer for Isak. "I think if they were to land [Yoane] Wissa in the next few days and I'm expecting Newcastle to come in with a higher bid to Brentford. If they were to land Wissa, and Liverpool came to the table and offered a £130m or a £135m would be my reading into the situation then I think Newcastle might have a little decision to make," Downie said. So it feels like there is a deal to be had. Officially, Newcastle's asking price may be £150m but behind the scenes if Downie is to be believed they are ready to do a deal at a lower price. Let's not get it twisted. £150m is still a lot of money to pay for one player. It's a mega deal at the end of the day. It will shatter the British transfer record. But Liverpool have wanted to sign Isak for ages. He's been their man from the beginning of the summer. If they really want him, why not pay the £25m extra from your initial £110m bid in order to get the transfer over the line? Obviously, the condition is that Newcastle need to sign Wissa first. At this moment in time that hasn't happened yet. If it does, the doors will swing ajar for Liverpool to strike an agreement. The situation is still murky and it's hard to predict how this one ends. But Newcastle haven't completely ruled out the possibility of Isak leaving. On the other hand, the Swede has made it very clear he doesn't want to play for the Magpies again. At this point surely Newcastle are better off selling Isak and moving on from this situation.
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Target CEO Brian Cornell steps down after 10 years, new CEO named
Target's board of directors has appointed a new chief executive officer to lead the retail giant, the company announced Aug. 20. Michael Fiddelke, Target's current chief operating officer, will succeed Brian Cornell as chief executive officer, the company said in a release. Cornell, who has served as the company's CEO since 2014, will step down and Fiddelke will take over the role on Feb. 1, 2026. This is a developing story. This article originally appeared on USA TODAY: Target CEO Brian Cornell steps down, new CEO Michael Fiddelke named Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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Roamly introduces AI-powered Carshare insurance platform
Insurtech company Roamly has launched its AI-powered Carshare insurance platform targeting shared vehicle and mobility sectors. The platform's introduction follows the company's recent accreditation as a Lloyd's of London Coverholder. Roamly Carshare is engineered to work with stakeholders including marketplaces, fleet operators, mobility services and transportation networks. Utilising a blend of machine learning, telematics and AI technologies, the platform aims to refine the insurance underwriting process, expedite claims automation and provide tailored risk management solutions. The platform is designed with an API (application programming interface)-first no code approach, allowing for integration of insurance services within the existing booking, checkout and fleet management processes. It can be integrated into a fleet rental management software-as-a-service (SaaS) tool. This allows for direct customer bookings through operators' own branded websites and the ability to manage fleets across multiple locations. Currently, the Carshare platform insures 7,000 vehicles, with plans to expand to more than 12,000 units by 2025, supporting both carsharing and ridesharing scenarios. A key feature of the Carshare platform is its integration with Wheelbase, Roamly's fleet management SaaS system, which facilitates direct booking. This feature enables operators to directly engage with customers while also providing the option to list on third-party marketplaces. The insurance coverage extends to periods when vehicles are parked, used for personal purposes, or operated on rideshare platforms such as Uber and Lyft. Roamly CEO Jeff Cavins said: "With our AI-powered Carshare solution, we are breaking down that barrier – offering scalable, affordable and fully embedded insurance coverage that helps operators grow with confidence and protects consumers who participate in the marketplace economy. "The Carshare product has been strong coming off launch, and will generate more than $12m in premium by the end of the year.' "Roamly introduces AI-powered Carshare insurance platform " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
