Massport ceo to step down

Jack Dorsey is leaving Twitter , the company has officially announced. Mr Dorsey will be replaced at the head of the company by Parag Agrawal, its current chief technology officer. The co-founder will continue to serve on the board until 2022, when his term will expire, Twitter announced. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter’s CEO is deep. His work over the past 10 years has been transformational. I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” said Mr Dorsey in a statement. He also tweeted his final email to staff as chief executive, in which he said he was “really sad... yet really happy”. Recommended Jack Dorsey says he’ll never be CEO of Twitter again after Elon Musk purchase Nasa’s Psyche mission delayed until at least late September Elon Musk has lost over $1bn on Twitter deal already as stocks fall … [Read more...] about Jack Dorsey releases statement as Twitter names his replacement as CEO

Click here to read the full article. The CEO of TikTok tried to reassure U.S. lawmakers — who have renewed concerns over its sharing of U.S. user data with employees in China — that the video app company is taking steps to restrict that access to only a “narrow” slice of data. TikTok CEO Shou Zi Chew sent a letter dated June 30 to nine GOP senators in response to their inquiry this week “demanding answers on TikTok’s backdoor data access for Beijing,” a reference to China’s communist regime. Fears that TikTok represents a national security threat go back several years. In August 2020, President Trump ordered TikTok’s Chinese parent company, ByteDance, to sell majority control of TikTok to American entities under the threat of TikTok being shut down in the U.S.; that was blocked by U.S. federal courts. More from Variety TikTok Should Be Banned by Apple and Google App Stores, Trump-Appointed FCC Commissioner Opines Listen Up, Hollywood: VidCon Superfans Talk … [Read more...] about TikTok CEO Says Employees in China Will Have Access to Only ‘Narrow, Non-Sensitive’ U.S. User Data

Formula 1’s rising popularity driven by Netflix series Formula 1 legends Sir Jackie Stewart and David Coulthard have urged Lewis Hamilton to ‘step aside’ and ‘retire’ from the sport to avoid the ‘pain’ of not being able to compete as he used to behind the wheel. Hamilton has struggled to adapt to Mercedes new W13 car in 2022 only finishing on the podium twice in nine races and has repeatedly been out-driven by teammate George Russell. He sits almost 100 points behind rival Max Verstappen in the standings and the Silver Arrows are still coming to terms with their car being the third-fastest on the grid. Stewart explained that he feels Hamilton is finding it difficult to handle the skill of his new teammate and doesn’t believe the seven-time wolrd champion can make it back to the top level of the sport saying: “He’s now struggling a little bit because he’s had a new teammate who’s been quicker than him in qualifying so far, which is gonna be difficult for him to handle. … [Read more...] about F1 news LIVE: Lewis Hamilton urged to step aside and retire from Formula 1

Paytm Stock Price: Shares of One 97 Communications, parent of Paytm , have given away two-thirds of their value from the initial public offering price of Rs 2,150. On March 14, shares nosedived another 13 per cent to Rs 675 on the National Stock Exchange. The scrip had settled at Rs 774.80 on Friday. This comes after, the Reserve Bank of India has barred Paytm Payments Bank on Saturday, from onboarding new customers until a comprehensive audit of its information technology system is done. Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by the central bank after reviewing the report of the information technology auditors, it added. Paytm Payments Bank is 51 per cent owned by Sharma, while One97 Communications holds the rest. Later, Paytm Payments Bank in a tweet said it’s taking all the steps to comply with the RBI orders. “Dear customers, we value your relationship with us. We are taking all steps to comply with the … [Read more...] about Paytm Falls 13% after RBI Ban on Payments Bank; Should you Buy, Sell or Hold Paytm Stock?

America’s most prominent caste equity activist, Thenmozhi Soundararajan, was slated to give a talk at Google in April, for Dalit History Month. She was ready, she said, to explain to one of the world’s largest tech companies that caste oppression is a problem — and that it probably exists under its roof, too. She was armed with years worth of stats gathered through her civil rights organization, Equality Labs, which show that two-thirds of Dalits, those who have been historically oppressed under India’s caste system, have faced discrimination in their U.S. workplace. But as news spread of her impending appearance, not everyone at Google was happy. A handful of Hindu employees said that they felt “targeted” on the basis of religion, a company statement and several anonymous interviews confirmed. They appealed to Google leadership asking that the speech be canceled, and so it was. Soundararajan was informed her talk would not go forward, The Washington Post first reported. … [Read more...] about Big Tech’s big problem is also its ‘best-kept secret’: Caste discrimination

President Joe Biden on Thursday shunned U.S. gas and oil leaders when they met with Energy Secretary Jennifer Granholm, instead issuing an announcement of a partnership between the federal government and states to push for offshore wind infrastructure. Biden has been slamming the oil and gas industry, blaming them for underproducing and profiteering even as the president, since Day One in office, has done everything possible to hamper domestic production of fossil fuels. “I didn’t know they’d get their feelings hurt that quickly,” Biden said Tuesday, calling Chevron CEO Mike Wirth and other CEOs “mildly sensitive” for their response to his criticism. Biden said Sunday he would not meet with the oil industry executives, asserting he has administration officials to take the lead, as Breitbart News reported . Jennifer Granholm, U.S. energy secretary, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., US, on … [Read more...] about Tilting at Windmills: Biden Pushes Wind Power, Ditches Oil Leaders

Commercial vehicles such as trucks too should be part of the government’s scheme for crash-linked safety performance star rating system, Daimler India Commercial Vehicles CEO and MD Satyakam Arya said on Monday. “Why not include commercial vehicles in Bharat NCAP (New Car Assessment Programme)? Are truck drivers not entitled to safer roads?” asked Mr. Arya at Safety Pioneer’s Conference organised by Intel India. He said there was a need to have a safety road map for commercial vehicles with the goal of zero fatalities in the first step and zero accidents as the next step. Last week, the Ministry of Road Transport and Highways had issued a draft notification on Bharat NCAP under which passenger vehicles with up to eight seats would be given zero to five stars following their performance in a crash test, to allow buyers to make a decision based on safety. The programme will come into affect from April 2023. It is not a mandatory scheme, and vehicles will be chosen based on their … [Read more...] about Need star-rating for trucks too, says Daimler India’s Arya

Iran and Venezuela, two countries with some of the largest oil and gas reserves on Earth, could serve as unlikely allies to the United States as consumers face soaring energy prices. But President Joe Biden would have to first lift sanctions put in place by his predecessor if these two nations were to play a productive role in the crisis, potentially between 2 million and 2.5 million more barrels per day (bpd) of oil to the global market. And while engaging with the two designated adversaries would likely stir a degree of criticism from hawkish factions at home looking to portray the president as soft on U.S. foes, the rising cost of gas now fluctuating around the unprecedented $5 mark threatened to exact an even higher toll on Biden as his Democratic Party prepared for a contentious midterm election season. "The fact is that if Biden doesn't take a dramatic step to get more oil flowing, he will pay a political price," Esfandyar Batmanghelidj, CEO of the Bourse & Bazaar … [Read more...] about Iran and Venezuela could help Biden’s gas crisis if he lifts U.S. sanctions

One of HSBC's top UK executives is quitting in a surprise move to run the Skipton Building Society, one of Britain's biggest financial mutuals. Sky News has learnt that Stuart Haire, group general manager and chief executive of the London-listed banking giant's UK personal and private banking businesses, is to become the new CEO of the Skipton. An announcement could be made as early as Monday morning. Mr Haire has worked at HSBC for six years, having spent nearly a decade prior to that in senior roles at Royal Bank of Scotland. He also had a previous stint at HSBC, and worked for KPMG, the big four accountancy firm. Advertisement At the Skipton, he will replace David Cutter, who stepped down as CEO after 13 years. Ian Cornelius was appointed as interim chief in April. More from Business Hearn duo eye £150m windfall from sale of Matchroom Sport stake Rail strikes: RMT union 'won't hesitate' to take further industrial action as … [Read more...] about Senior HSBC executive Haire in surprise move to run the Skipton

Flights to popular holiday destinations Spain and Portugal are set to be the worst affected by mass cancellations at Gatwick Airport , travel experts say. Gatwick's bosses have requested that airlines slash their flight schedules in the hope that it will ease pressure on airport services as ongoing staff shortages and a surge in traveller demand continues to create chaos for passengers and staff. Gatwick is now capping daily flights at 825 in July and 850 in August, which will result in the cancellation of around 4,000 flights to some of the most-loved summer holiday destinations, reported the Sun . Gatwick said it has made the decision after a "significant and rapid upturn in air traffic levels" over recent weeks, combined with a "severe lack of staff resources" affecting companies that operate at the airport. The scene at Gatwick Airports North Terminal on June 17 as airport bosses announced they will be imposing mass flight cancellations If the decision wasn't … [Read more...] about Spain and Portugal flights ‘will to be worst affected’ by mass Gatwick cancellations