LEADERSHIP SHAKE UP
Nike stock plunges as gloomy sales forecast fans growth concerns
Nike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. The company's strategic pivots towards sustainability and product revamps aim to counter market pressures, signaling a critical phase for Nike's future direction and management dynamics.
Farm startups bent on shaking up Cargill, ADM are stumbling
Startups in the agriculture sector, like Indigo Ag Inc., Gro Intelligence, and Farmers Edge Inc., are facing challenges as they struggle to disrupt traditional giants.
Focus on a confluence of big factors as Uttar Pradesh poll race enters final lap
With the marathon election battle reaching its final stage, the last round of polling is set to take place in the south-eastern region, which is dominated by OBCs, Dalits, and significantly influenced by the Modi-Yogi factor. The bustling political activities reflect a high-stakes contest leading up to the decisive day.
Big OpenAI shakeup throws light on big rift at the heart of AI
Days after ChatGPT maker OpenAI unveiled its most advanced AI model GPT-4o, its superalignment co-lead Jan Leike and cofounder and former chief scientist Ilya Sutskever announced that they are stepping down from their roles.
French President Emmanuel Macron's Ukraine troop talk shakes up NATO allies
French President Macron's comments about potentially sending Western troops to Ukraine to create "strategic ambiguity" have caused confusion and concern among allies. While Macron's remarks may stimulate debate and lead to greater Western involvement in the conflict, they risk undermining unity among allies. The idea of Western troops in Ukraine was swiftly rejected by the U.S. and other countries. Macron's comments also highlight tensions within Europe, particularly between France and Germany. Despite the controversy, some see value in keeping all options open in response to Russia's invasion of Ukraine.
Flipkart’s top deck under pressure; shake-up in senior ranks underway
Ecommerce major Flipkart is seeing senior vice presidents (SVPs) leaving, including leaders from Cleartrip and those from verticals such as marketplace and categories, fintech and payments. The company is addressing its top-heavy structure and improving agility. Performance-based layoffs are happening across all verticals. Overall, 5-7% of the company’s employees will be impacted by the layoffs, as ET first reported on January 8.
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Abrupt dismissals point to Xi Jinping's quiet shake-up of China's military
Nine high-ranking Chinese military figures were recently removed as delegates to the country's Communist Party-run legislature, without official explanation. The move indicates that President Xi Jinping's latest offensive to root out alleged corruption and other misconduct in the People's Liberation Army has been gaining momentum and is focused on the politically sensitive agencies responsible for developing weapons and military installations.
China replaces rocket force generals in surprise military shake-up
While it is unknown what prompted the changes or whether Li or Xu were reassigned to different roles, observers think the shuffle indicates potential worries about Xi's leadership. It also comes at a critical juncture for the Rocket Force, which oversees China's missile programmes, ranging from nuclear-tipped weapons to the shorter-range missiles used in China's recent intimidation of self-governing Taiwan, which China's ruling Communist Party claims as its own and has not ruled out forceful annexation.
War, AI and climate change shake up $32 trillion in global trade
A transformation in world trade today is being led various unrelated factors including Artificial Intelligence, the Ukraine-Russia war, and climate change.
The great M&A slump is shaking up giants of investment banking
Top investment bankers across the industry have been leaving big banks such as Goldman Sachs and Credit Suisse to join smaller rivals. The heightened departures come as hedge funds have cut large portions of their trading commissions. While large banks struggle from economic struggles, global political tensions and low revenue, lower-ranked banks like Deutsche Bank and Santander are seeing a chance to poach top talent.
TikTok shakes up leadership amid questions about its future
The leadership shake-up comes at a pivotal time for TikTok, as the app faces tremendous pressure over its ownership by Chinese company ByteDance and questions about its data and privacy practices.
Hoteliers to step up hiring this year to fuel expansion plans
Rajesh Kumar, senior vice president for human resources at Lemon Tree Hotels, said the chain will hire at least 2,000 workers for new hotel openings this year.
Saudi deal with Iran worries Israel, shakes up Middle East
The breakthrough - a culmination of more than a year of negotiations in Baghdad and more recent talks in China - also became ensnared in Israel's internal politics, reflecting the country's divisions at a moment of national turmoil.
Chinese President Xi on course for record 3rd term; Premier Li dropped in major shake-up
Xi, 69, who was elected to the powerful Central Committee by Congress despite crossing the official retirement age of 68 and completing 10-year tenure, will get re-elected as the General Secretary of the party on Sunday for a record third-term - a privilege only accorded to party founder Mao Zedong.
China poised to shake up economic leadership as reformers bow out
Beijing's once-in-five years reshuffle begins at the party congress that starts Oct. 16, where President Xi Jinping is poised to break with precedent and secure a third leadership term.
UK's Rishi Sunak and Liz Truss clash over tax in leadership debate
While Sunak has topped those two votes, he faces stiff competition from Truss, who has the backing of a number of senior figures, and junior trade minister Penny Mordaunt, who polls suggest is the most popular with party members who will decide the winner.
Ongoing shake-up in caste matrix appears to be trigger for AP violence
The forward caste Kapus, the backward caste Setti Balijas and the Dalits are the predominant social groups holding sway over the region and a key factor in deciding the fortunes of political parties. Over the years, though such groups developed animosity towards one another.
Sudden abortion focus shakes midterm election landscape
While the Democrats decried the draft, they suddenly have a clear, unifying message. The real possibility that abortion could be outlawed in dozens of states in the coming months could animate their dejected base - especially young voters, people of color and suburban women, who are unhappy with the pace of progress under Democratic leadership in Washington.
WhatsApp can offer UPI services to 100 million users
This is a two and a half times jump from its earlier cap of 40 million; the increase is likely to disrupt the current market leadership of UPI apps such as PhonePe and Google Pay.
Parag Agrawal shakes up Twitter's security team
Peiter Zatko, the head of security who is better known within the security community as "Mudge" is no longer at the company, Twitter confirmed. Rinki Sethi, the chief information security officer, will depart in the coming weeks.
Indra Nooyi lauds Leena Nair's leadership skills, says it was an honour to see the next Chanel CEO grow
Earlier, Nair had described the former Pepsico CEO as a friend and a mentor.
China approves sweeping electoral shake-up for Hong Kong, demands loyalty
The measures are part of Beijing's efforts to consolidate its increasingly authoritarian grip over its freest city following the imposition of a national security law in June, which critics see as a tool to crush dissent.
Rajasthan 2020: Sachin Pilot's rebellion shakes Congress, state sees 'resort politics'
A rebellion by Deputy Chief minister Sachin Pilot, who was also the state Congress president, appeared to have brought his government in Rajasthan on the brink of collapse.
Concerns about coup attempt as Trump replaces Pentagon leadership, refuses to concede
Even key Republican officials at the state level involved in the election process say there is no evidence of any significant fraud that would change the results of the election, a rebuff that irked the President into lashing out at his own partymen.
China witnessed 'earth-shaking' changes under CPC leadership: Xi Jinping
Commemorating the 75th anniversary of victory in the War of Resistance Against Japanese Aggression on Thursday, Xi said Chinese people will not allow attempts by any individual or force to alienate them from the CPC.
Asia's factories shaking off COVID-19 gloom, China shines
Asian factories continued to shake off the coronavirus gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, reducing pressure on policymakers to take bolder steps to avert a deeper recession.
Ashok Gehlot sets stage for reshuffle of Rajasthan cabinet, PCC shake-up before local polls
This comes amid heightened suspense in Congress on whether he would pitch for a new PCC chief and a second deputy chief minister — an arrangement he had in his previous term.
Shake-up in many state Congress units soon
The resignations of Gujarat and Goa PCC chiefs indicate the beginning of a series of changes, party insiders said. Reshuffle of PCCs of Odisha, Bihar, Mumbai, Kerala, Haryana and UP are likely to happen soon.
Bottas closer to Mercedes move amid Williams shake-up
MOTOR-F1-WILLIAMS-SYMONDS:Bottas closer to Mercedes move amid Williams shake-up
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