Julius Baer Warns of Lower Profit as Credit Provisions Jump
Julius Baer Group Ltd. warned that its full-year profit will probably decline after provisions for bad loans jumped,
2023-11-20 16:53
Fed's Collins: Not ready to say the rate hike cycle is over
By Michael S. Derby NEW YORK Federal Reserve Bank of Boston President Susan Collins said Friday while evidence
2023-11-18 01:25
German Budget Chaos Puts Industry’s Green Overhaul at Risk
Germany’s emergency spending freeze is blocking funds for next-generation auto-industry and steel plants, jeopardizing the push to re-engineer
2023-11-22 00:15
Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter
Twitter is getting a new boss after current CEO Elon Musk announced on Friday that he has found a replacement: advertising executive Linda Yaccarino. The tech billionaire named the new chief executive less than a month after she interviewed him on a panel, titled “Twitter 2.0: From Conversations to Partnerships”, hosted by her current employer NBCUniversal. The event gave an insight into how she views both the tech billionaire and her vision for the future of Twitter, revealing some significant concerns she had about his takeover of the company. When discussing his tenure so far as the head of Twitter, Mr Musk said it had been “entertaining”, adding “train wrecks arguably are entertaining.” Ms Yaccarino responded: “Train wrecks happen sometimes if you’re dedicated [but] you’ve got to be dedicated to fixing them.” After noting that he had gone from a “consumer of a product you loved, to now the owner”, she added: “It might be a ‘be careful what you ask for’ type of thing.” She also said she did not always like his tweets and suggested Mr Musk should be “held to a different or higher standard” as both the most-followed account on Twitter and its owner. “A lot of people think you might be too provocative,” she said, adding that he should give up his late-night tweeting. “Will you commit to being a little more specific and not tweet after 3am?” she asked. “People in this room would like to see that. It would make them feel more confident.” Twitter is seen by Mr Musk as an accelerant to his goal of creating an “everything app”, which he has called X. This will allow users to conduct business on the platform, which will be a big draw for advertisers who can target customers with direct in-app purchases. It is a vision that Ms Yaccarino appeared to favour in her meeting with Mr Musk. In one of her relatively rare tweets, she also recently expressed another shared goal for how “Twitter 2.0” will look: the return of the short-form video-sharing feature Periscope. She also encouraged Mr Musk to reinstate Twitter’s Influence Council of marketers and advertising executives that allowed industry figures to give direct feedback on how they wanted the platform to look. She told Mr Musk: “The people in this room are your accelerated path to profitability. But there’s a decent bit of sceptics in the room... There’s people who cannot separate the man, his opinions, and the microphone that he now owns.” Ms Yaccarino will now potentially take charge of that microphone, offering a way for advertisers who left the platform to credibly distance themselves from the controversial billionaire. The Independent has contacted NBCUniversal for comment, and Twitter responded with its customary poop emoji. Read More Twitter backlash after Elon Musk gives blue tick to users without consent Elon Musk announces Linda Yaccarino as new CEO of Twitter Elon Musk says he has hired new CEO of Twitter Elon Musk warns people not to trust Twitter’s new feature
2023-05-13 01:46
Euro-Area Core Inflation Quickened More Than Estimated in June
Euro-area underlying inflation, the key measure of price gains for the European Central Bank, accelerated more than initially
2023-07-19 17:24
A Pennsylvania coroner wants an officer charged in a driver's shooting death. A prosecutor disagrees
A western Pennsylvania coroner is calling for a police officer who shot and killed a man after a car chase to be charged in his death, but the county’s district attorney maintains the shooting was justified
2023-10-28 06:25
Former UNDP chief and Turkish minister Dervis dies at 74
Kemal Dervis, a Turkish economist, politician and former head of the United National Development Program, has died
2023-05-08 23:56
Eurozone inflation stagnates in August
Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid...
2023-08-31 18:48
Poland set to get more than 5 billion euros in EU money after commission approves recovery plan
Poland is expected to receive more than 5 billion euros ($5.5 billion) in EU funds after the European Commission gave a positive assessment of the country’s revised plan for green reforms and investments
2023-11-21 23:24
US 30-yr mortgage rate tops 7% for first time since last fall
The interest rate on the most popular U.S. home loan leapt back over 7% last week for the
2023-07-12 19:46
Dassault Systemes' flagship platform sales slow, but targets confirmed
By Victor Goury-Laffont French software maker Dassault Systemes said revenue rose 5% in the second quarter, but shares
2023-07-25 18:18
China Looks to Attract Foreign Investment as Its Economy Struggles
China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax
2023-08-13 20:22
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