Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Diversity, equity and inclusion initiatives have increased in popularity in the past few years, inspired in part by the Black Lives Matter movement. But more recently, political backlash and corporate restraint, especially in the United States, have prompted a reassessment. Some companies have already reduced their budgets or diverse teams.As a result, British consultants who specialize in advising on DEI policy are also feeling some pressure. But many of them are talking about a more nuanced landscape, with demand changing rather than…
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Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Uber CEO Dara Khosrowshahi received stock options worth about $136 million after meeting a performance target to secure a $120 billion valuation for the ride-hailing company.The award, which was set before Uber's stock market flotation in 2019, seemed unlikely to be fulfilled for most of its life as a public company as it suffered persistent losses running into the tens of billions of dollars. But Uber's results have improved recently under Khosrowshahi. The company said in a recent filing that its CEO…
Chinese automaker Geely unveils the first model of its new Lynk & Co brand in Berlin Olsteinbild DTL. | Olsztyn Bild | Getty ImagesBeijing – companies from Nvidia Huawei is chasing the in-car technology market as the electric car industry booms, with Ecarx emerging as a new competitor.Since 2017, the founder and Chairman of the Board of Directors of the Chinese Automotive Group, Eric Li, has been building ikarx Which provides the software and chip systems for digital vehicle cockpits and driver assistance.The company announced Wednesday that fourth-quarter revenue rose 22% from a year earlier to $263 million. Geely's car…
Tesla RoadsterCourtesy: TeslaSix years ago, Elon Musk promoted the next generation of the Roadster, under the name… Tesla The car debuted in 2008. An updated version was never produced, but Musk once again promises that a new roadster is on the way.“Tonight, we radically increased the design goals for the new Tesla Roadster,” Musk wrote on X as part of a series of posts Tuesday night. “There will never be another car like this, if you can even call it a car.”“I think it has a chance to be the most mind-blowing product demo ever,” he wrote, adding that it…
Given the Supreme Court's potential responses to Donald Trump's appeal of the D.C. Circuit's rejection of his claim of immunity from prosecution, the justices' decision on Wednesday should be viewed as a gift to the former president. This is because the court decided his case on the most important axis: time.The Delphi court's order maintains, to some extent, a stay in the case pending consideration of the merits of the case, with oral arguments scheduled for the week of April 22nd. By the way, that means a trial for interference in the all-important election in a Washington courtroom presided over…
The woman who allegedly kidnapped and then tried to run away with a 4-year-old boy from an LA Target store earlier this week is now in police custody.The unidentified woman was found and taken into custody shortly after 11:30 a.m. Wednesday in North Hollywood near the intersection of Magnolia Avenue and Tujunga Street, the Los Angeles Police Department announced on X Day.On Sunday, a woman allegedly attempted to kidnap the child, forcibly grabbing the boy from behind and carrying him out of the Koreatown Target store, according to Los Angeles police. She put the boy outside the store after his…
An investor watches stock prices on the securities trading floor of the Commercial Bank of Asia in Hanoi, Vietnam.Hoang Dinh Nam | AFP | Getty ImagesAsia-Pacific stocks are expected to fall on Thursday as investors await US Personal Consumption Expenditures price index data for clues on the path of the Federal Reserve's interest rate cut.The US PCE price index – the Fed's preferred measure of inflation – is due later in the day, while China's manufacturing PMI reading is due on Friday. Hong Kong Hang Seng futures were at 16,564, indicating a marginally higher open compared to the HSI's close…
An internal congressional memo seen by TechCrunch casts doubt on Rocket Lab's claim that its neutron rocket will be ready for launch in time to meet a critical deadline for the Space Force's decade. “In light of public reports and media pressure, Rocket Lab has escalated its campaign to discredit its launch readiness in an attempt to gain a competitive advantage over incumbents and other new entrants by joining Phase 3 of NSSL Lane 1 at the first opportunity in 2024,” says the memo seen by On it TechCrunch. “Public records and information available to staff confirm that Neutron does…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.UK ministers are trialling the use of generative AI to analyze responses to government consultations and write draft answers to parliamentary questions. Oliver Dowden, the deputy prime minister, will on Thursday unveil tools that the AI team at the heart of Whitehall is trialling with a view to rolling them out more widely across central departments and public services.It forms part of Prime Minister Rishi Sunak's drive to boost Whitehall's productivity through technology, including artificial intelligence, when limited public finances limit ministers'…
Check out the companies making headlines after the bell. Salesforce – Salesforce fell 4% after providing weaker-than-expected guidance for the fiscal year. In the fourth quarter, the software company beat Wall Street's expectations for the fourth quarter in terms of both top and bottom line results. The software giant increased buybacks by $10 billion and began paying a dividend of 40 cents per share. Snowflake – Shares of Snowflake fell 20% after the business software company announced the retirement of its CEO, Frank Slootman. The news coincided with quarterly results that beat Wall Street estimates, but the company provided weaker-than-expected…