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SYDNEY, May 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), said on Tuesday that long-serving CEO Alan Joyce would step aside in November, and named Vanessa Hudson as its next chief executive officer. * November 2008 - Irish-born Alan Joyce is appointed as Qantas chief executive. * April 2009 - Joyce cuts 1,750 jobs, the first major cull under his leadership, as the airline feels the full impact of the global financial crisis. * October 2016 - Joyce orchestrates a turnaround and delivers record profits and the first dividend to shareholders since 2009. * February 2023 - The airline swings to a record first-half profit on a strong demand recovery and high ticket prices.
SummarySummary Companies Hudson is the first female CEO to lead the airlineNew CEO to take over from Alan Joyce in NovemberMay 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. SUCCESSION PLANSJoyce, 56, served as Qantas CEO for more than 14 years and helped navigate the airline through the COVID-19 pandemic, fluctuating fuel prices, and competition. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.
CNN —After stepping down as leader of New Zealand earlier this year, Jacinda Ardern has revealed that she is swapping the rough and tumble of politics for a stint of quiet reflection within academia overseas, heading to Harvard University this fall under two fellowships. She was appointed to dual fellowships at the Harvard Kennedy School, the university’s school of public policy and government, according to a news release by Harvard. Jacinda Ardern leaving New Zealand's Parliament for the last time as Prime Minister on January 25, 2023 in Wellington, New Zealand. “Jacinda Ardern showed the world strong and empathetic political leadership,” said Kennedy School Dean Douglas Elmendorf in the news release. Within a year, she had become only the second world leader to give birth in office.
Former NZ PM Jacinda Ardern accepts Harvard fellowships
  + stars: | 2023-04-25 | by ( Lucy Craymer | ) www.reuters.com   time to read: +1 min
WELLINGTON, April 26 (Reuters) - Former New Zealand Prime Minister Jacinda Ardern said on Wednesday that she was taking up three fellowships at Harvard University later in 2023. Ardern stepped down as prime minister in January saying she had "no more in the tank" to lead the country and would also not seek re-election to parliament. Harvard University said in a statement she had been appointed to dual fellowships at Harvard Kennedy School and to a concurrent fellowship at the Berkman Klein Center. “I am incredibly humbled to be joining Harvard University as a fellow - not only will it give me the opportunity to share my experience with others, it will give me a chance to learn," Ardern said in the statement. Ardern has previously said she will continue to help tackle violent extremism online as an unpaid special envoy for the Christchurch Call.
SYDNEY, April 19 (Reuters) - Australia said on Wednesday it would introduce new standards targeting vehicle emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies. "Fuel-efficient and electric vehicles are cleaner and cheaper to run - today's announcement is a win-win for motorists," Bowen said in a statement. "Fuel efficiency standards would require more affordable electric vehicles to be sent to Australia," he said. Transport is the third largest source of carbon emissions in Australia - one of the world's biggest emitters on a per capita basis. Australia's centre-left Labor government last year flagged it had plans to introduce new regulations targeting vehicle carbon emissions to increase sales of electric cars.
PoliticsFormer New Zealand PM Jacinda Ardern gives final speechPostedAll New Zealanders should feel politics can be a home for them, former Prime Minister Jacinda Ardern said on Wednesday (April 5) in a final emotional address to parliament where she thanked family, supporters and her party for a career that included leading through the COVID pandemic and the Christchurch terror attacks.
[1/2] New Zealands' Prime Minister Jacinda Ardern addresses the 77th United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 23, 2022. REUTERS/Caitlin Ochs/File PhotoApril 5 (Reuters) - All New Zealanders should feel politics can be a home for them, former Prime Minister Jacinda Ardern said on Wednesday, in a final address to parliament after leading the nation through the COVID-19 pandemic and a terror attack in Christchurch. Ardern, who thanked her family, her political party and her supporters, had stepped down as prime minister in January saying she had "no more in the tank" to lead the country. Ardern said she had found herself involved in people's lives "during their most grief-stricken or traumatic moments" in that series of events. New Zealand faced some of the strictest measures globally but also had one of the lowest death tolls.
LONDON, April 4 (Reuters) - Britain's Prince William has named Jacinda Ardern, the former prime minister of New Zealand, as a new trustee for his multi-million pound environmental award, the Earthshot Prize. William, heir to throne, set up the prize in 2020 with the mission of finding solutions to the planet's biggest environmental problems through new technologies and ideas. Ardern joins Earthshot's board of trustees as it gears up to select finalists for the 2023 award. Last year, five winners were each awarded 1 million pounds ($1.24 million) at a ceremony in Boston, United States. Prince William said he was grateful that Ardern, who unexpectedly stepped down as New Zealand's leader earlier this year, was joining the team.
MELBOURNE, April 4 (Reuters) - Former New Zealand Prime Minister Jacinda Ardern will take up an unpaid role leading the country's efforts against violent online extremism, the government said on Tuesday. Ardern stepped down as leader earlier this year, in a surprise decision that brought ally Chris Hipkins to power as head of the centre-left Labour Party. Attacks on two mosques in Christchurch, New Zealand's second-largest city, in March 2019 left 51 people dead and 40 injured. "The Christchurch Call is a foreign policy priority for the government and Jacinda Ardern is uniquely placed to keep pushing forward with the goal of eliminating violent extremist content online," Hipkins said in a statement. "Terrorist and violent extremist content online is a global issue, but for many in New Zealand it is also very personal."
SYDNEY, March 25 (Reuters) - New Zealand Foreign Affairs Minister Nanaia Mahuta said on Saturday she had expressed concerns over the South China Sea and tensions in the Taiwan Strait during talks with her Chinese counterpart at the end of a visit to Beijing. "Nanaia Mahuta expressed concerns over developments in the South China Sea and increasing tensions in the Taiwan Strait," the foreign minister's statement said. New Zealand has consistently expressed concerns about the potential militarisation of the Pacific, amid China's military buildup in the South China Sea. China views democratically governed Taiwan as its own territory and has never renounced the option of using force to take the island under its control, and claims a large part of the South China Sea. She invited Qin to visit New Zealand, and also flagged a potential visit by New Zealand Prime Minister Chris Hipkins to China, perhaps this year.
March 20 (Reuters) - New Zealand's foreign minister, Nanaia Mahuta, will travel to China on Tuesday to meet her counterpart Qin Gang on the first such visit by a New Zealand minister since 2019. "New Zealand's relationship with China is one of our most important, complex and wide ranging," she said in a statement. Prime Minister Chris Hipkins said New Zealand's position on China had not changed. Hipkins said he had not "certainly taken off the table" a trip to China this year. Reporting by Renju Jose in Sydney; Editing by Alasdair Pal and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Some of the world's most powerful women are calling it quits. To give some context, for every woman stepping into a director-level leadership role, two are choosing to leave, says Alexis Krivkovich, McKinsey senior partner and an author of the joint Lean In and McKinsey "Women in the Workplace" report. The pattern has the potential to unwind decades of progress toward gender equity and increased female leadership in the workplace, she tells CNBC Make It. "They're meeting their goals and being successful, and some are choosing to leave before they get burned out," Workman adds. The problem remains that there are too few women in high levels of leadership, Krivkovich says: "Lots of men leave their positions, but we analyze and scrutinize when women leaders do in a different way.
I don't fault them; they're women who achieved much and then, it appears, made the best decision for themselves. Women face bias when they're leaders. McKinsey & Company recently said it found that "compared with men, senior women leaders report higher rates of burnout, chronic stress, and exhaustion." A report last year from LeanIn.org and McKinsey said women leaders were leaving their companies at the highest rate ever; the organizations started tracking the data in 2015. "You're not promoting enough women into the leadership ranks, and now you have more women leaving leadership roles," Thomas told CNBC Make It in October.
SYDNEY, Feb 7 (Reuters) - Australia and New Zealand talked up their relationships with China at a joint prime ministerial news conference on Tuesday in the latest sign of strengthening ties with their biggest trading partner. "The trade to China is more than the next three highest trading partners combined. It's in Australia's national interest to have good economic relations and to trade with China." New Zealand has historically taken a more conciliatory approach to China - a stance that has led to pressure from some elements among its Western allies. It is part of the Five Eyes intelligence and security alliance which includes Australia, Britain, Canada and the United States.
WELLINGTON, Jan 31 (Reuters) - Support for New Zealand's Labour Party has jumped to its highest level in almost a year after Chris Hipkins replaced Jacinda Ardern as prime minister and leader of the Labour Party. National is sitting at 37%, and is behind in Labour for the first time since early 2022. Hipkins had nailed the political messaging and managed to reconnect with former Labour supporters, said political commentator and former National Party staffer Ben Thomas. Carmel Sepuloni, the new deputy prime minister, who is of Samoan, Tongan and European descent, will be associate foreign minister. Hipkins's first official trip as prime minister will be to Australia next week where he is scheduled to meet with Prime Minister Anthony Albanese.
Even bad news is good news for Rupert Murdoch
  + stars: | 2023-01-25 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Jan 25 (Reuters Breakingviews) - A remarkable thing about Rupert Murdoch is that the wily media mogul makes out OK even when his plans fall apart. Despite abandoning the idea to recombine his Fox (FOXA.O) and News Corp (NWSA.O) empires, simply proposing and studying the idea helped uncover some hidden value. In any case, he’s likely try to unite them again someday anyhow. Both Fox and News Corp conceded on Tuesday that a merger wasn’t a good idea for shareholders “at this time.” It suggests that Murdoch, who tends to get his way, will eventually try again. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
WELLINGTON, Jan 25 (Reuters) - New Zealand's main opposition party leader and top prime ministerial contender, Christopher Luxon, wants to change the central bank's mandate and reverse some of former leader Jacinda Ardern's polices if he is elected. Luxon's conservative, centre-right National Party is leading over the governing centre-left Labour Party in opinion polls. There is a general election set for October and with inflation tracking near three-decade highs the cost of living is the key election issue. Luxon said if elected prime minister, he would change the mandate of New Zealand's central bank to focus solely on inflation, provide tax relief and widen immigration settings in an effort to dampen price inflation. Critics say the dual focus has contributed to inflation tracking at near three-decade highs, which has led to aggressive interest rate increases.
Chris Hipkins sworn in as New Zealand’s 41st prime minister
  + stars: | 2023-01-25 | by ( ) www.cnbc.com   time to read: +2 min
Chris Hipkins is sworn in as prime minister on Jan. 25, 2023 in Wellington, New Zealand. The country's previous prime minister, Jacinda Ardern, unexpectedly resigned the previous week. Chris Hipkins was sworn in Wednesday as New Zealand's 41st prime minister, following the unexpected resignation last week of Jacinda Ardern. Carmel Sepuloni was also sworn in as deputy prime minister, the first time a person with Pacific Island heritage has taken on the role. After the ceremony, Hipkins said as an aside to reporters: "It feels pretty real now."
Ardern told reporters she’d been friends with Hipkins for nearly 20 years and spent two hours with him on the drive to the meeting grounds. It’s for him to carve out his own space to be his own kind of leader,” Ardern said. “Whilst there has been a bit of commentary in the aftermath of my departure, I would hate for anyone to view my departure as a negative commentary on New Zealand,” Ardern said. “I’m ready to be lots of things,” Ardern told reporters. I’m ready to be a sister, and a mom.”
WELLINGTON, Jan 24 (Reuters) - Jacinda Ardern on Tuesday bid an emotional farewell on her last day as prime minister, speaking of the kindness and empathy New Zealanders have shown her, but said she was ready to be a sister and a mother. "Thank you from the bottom of my heart for the greatest privilege of my life," Ardern told the gathering in a speech. The speeches and accompanying songs and dances that followed saw elders speak with humour and warmth about Ardern. "Thanks so much for teaching us to love quickly," one elder told Ardern. Ardern responded, saying she that hadn't planned to speak but that those there refused to give her an out.
Thrive Capital kicks off bestie race
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Jan 24 (Reuters Breakingviews) - Josh Kushner is getting some help from friends. Thrive sold that same small stake to Goldman Sachs (GS.N) in mid-2021, then bought it back last December. If Kushner has trouble raising capital down the road, it’ll help having wealthy friends with an established rolodex. As the venture market faces a downturn the likes of Kushner haven’t seen, a seasoned set of confidants will be needed. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
WELLINGTON, Jan 25 (Reuters) - Labour leader Chris Hipkins was sworn in as New Zealand's prime minister in a formal ceremony on Wednesday, following the resignation of outgoing Prime Minister Jacinda Ardern last week. The Labour party elected former COVID-19 Response and Police minister Hipkins, 44, to lead the party and the country on Sunday. Hipkins and his deputy Carmel Sepuloni - the first person of Pacific Islander descent to hold the role - were then sworn in, in a ceremony lasting a few minutes. Hours later, Hipkins met with journalists after his first cabinet meeting as Prime Minister. Chris Hipkins speaks to members of the media, after being confirmed as the only nomination to replace Jacinda Ardern as leader of the Labour Party, outside New Zealand's parliament in Wellington, New Zealand January 21 2023.
WELLINGTON, Jan 25 (Reuters) - New Zealand's Governor General will appoint Labour leader Chris Hipkins as prime minister in a formal ceremony on Wednesday, the government said following the resignation of outgoing Prime Minister Jacinda Ardern last week. The Labour party elected former COVID-19 Response and Police minister Hipkins, 44, to lead the party and the country on Sunday. This comes after the surprise resignation of Ardern, 42, who said she had "no more in the tank" to lead the country. Before Hipkins becomes prime minister, Ardern will tender her resignation to King Charles' representative in New Zealand, Governor General Cindy Kiro. Hipkins is then set to hold his first meeting with Labour ministers before fronting to the media.
Watch: New Zealand’s Jacinda Ardern Says She’ll Step Down New Zealand Prime Minister Jacinda Ardern announced Thursday that she would step down, saying she “no longer had enough in the tank.” During her more than five years as leader, she steered the country through the pandemic and faced tough economic challenges. Photo: Kerry Marshall/Getty Images
Watch: New Zealand’s Jacinda Ardern Says She’ll Step Down New Zealand Prime Minister Jacinda Ardern announced Thursday that she would step down, saying she “no longer had enough in the tank.” During her more than five years as leader, she steered the country through the pandemic and faced tough economic challenges. Photo: Kerry Marshall/Getty Images
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