Caroline Crosdale

Contributing Writer at Global Finance

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Articles

Stellantis: New Chief Tapped To Guide Automaker

1 week ago | gfmag.com | Caroline Crosdale

The world’s fourth-largest automaker has finally found its leader. After six months of search inside and outside the company, Stellantis board members agreed to hand the wheel to Antonio Filosa, a 25-year auto industry veteran who will replace departing CEO Carlos Tavares, effective June 23. “This place is in my blood,” Filosa says in a LinkedIn post celebrating his new role. Now 51 and an alumnus of Politecnico Di Milano, he launched his career at Fiat as a quality control supervisor in Spain.
Open AI: Ex-Instacart Head Takes Top Spot At AI Innovator

1 week ago | gfmag.com | Caroline Crosdale

Ex-Instacart CEO Fidji Simo, now the unofficial number two at OpenAI, has been tapped by CEO Sam Altman to take over OpenAI’s Applications Division. The division’s other key players—COO, CFO, and chief product officer—will report directly to her. The move leaves Altman free to focus on research, safety sys- tems, and long-term strategy for the ChatGPT provider. Simo, 39, is already a veteran of Silicon Valley.
Brazil’s Agricultural Export Bonus

1 month ago | gfmag.com | Caroline Crosdale

Donald Trump’s new global tariff regime could be great for Brazil, it turns out. Here's why. China, which Trump hit with new tariffs of 145% last month, has of course imposed its own retaliatory measures. Beijing is aiming its guns at American farmers, who make up an important slice of Trump voters. Flash back to last year, when China was one of the three largest destinations for US agricultural products.
Trump’s Threats Lift Liberals Election Chances

2 months ago | gfmag.com | Caroline Crosdale

On April 28, Canadians will find out who will form their next government: Mark Carney, the Liberal Party candidate who took over as prime minister when Justin Trudeau resigned last month, or his challenger Pierre Poilievre, leader of the Conservative Party. It was not supposed to be a close race. In December, Poilievre and the Conservatives were easily leading the polls against the unpopular Trudeau.
US Carmakers Brace For Tariffs

Mar 2, 2025 | gfmag.com | Caroline Crosdale

While Mexico and Canada have secured a one-month reprieve from the Trump administration’s 25% tariff hike, US automakers and parts manufacturers remain on edge, awaiting further developments in the trade dispute among the three nations. Given the deep integration of the US auto industry’s supply chain with its northern and southern neighbors, any tariff increase after the pause would come at a significant cost.
California Wildfires Fuel Parametric-Policy Adoption

Mar 1, 2025 | gfmag.com | Caroline Crosdale

Author: Californiaâ€™s recent traumatic spate of wildfires has spotlighted the often clunky process of traditional commercial insurance. Typically, businesses are required to document their losses, file a claim, and wait months or even years for reimbursement. Insurance companies must meticulously assess damages, verify that a claim was not excluded from the policy, and determine how much to pay.
Trump Taps Tariff Czar

Jan 31, 2025 | gfmag.com | Caroline Crosdale

If his nomination by President Donald Trump receives Senate confirmation, Stephen Miran will be the next chair of the Council of Economic Advisors. A 41-year-old Boston University graduate with a PhD in economics from Harvard and now a senior strategist at hedge fund Hudson Bay Capital, Miran is one of the rare economists who believes that 20% tariffs could benefit the US. During Trump’s first administration, Miran was a senior adviser at the US Treasury Department.
US, Banks Quit Agreements On Climate Change

Jan 31, 2025 | gfmag.com | Caroline Crosdale

Fulfilling an oft-reiterated campaign promise, President Donald Trump has ordered the withdrawal of the US from the Paris Agreement, the compact under which 194 countries pledged to limit global warming to 1.5 degrees Celsius by the end of the century.
Regulatory Reset At SEC, FTC

Dec 26, 2024 | gfmag.com | Caroline Crosdale

Paul Atkins is Donald Trump’s choice to be the next chairman of the US Securities and Exchange Commission when Gary Gensler steps down. The conservative Republican previously served as SEC commissioner from 2002 to 2008. He is also well acquainted with two other GOP appointed commissioners and together, the trio will have the required majority to lead the commission. Atkins seems to be a shoo in, nevertheless, don’t expect the new top securities cop to smoothly follow his predecessor’s strategy.
To Avoid Tariffs, Chinese Companies Invest Locally

Dec 5, 2024 | gfmag.com | Caroline Crosdale

To avoid trade barriers, Chinese companies are investing in Europe. Spain is ready to play the connector country between the European bloc and the People’s Republic. Its government agreed to work with Chinese turbine giant Envision Energy to build a €1 billion green hydrogen industrial park. Car makers are also scouting the old continent.