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☆ Amazon executives overseeing Alexa, hardware group depart the company
▼ + stars: | 2022-10-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Gregg Zehr, president of Amazon's hardware research and development group, known as Lab126, has retired, the company confirmed to CNBC. Tom Taylor, senior vice president of Amazon Alexa and a member of CEO Andy Jassy's elite S-Team, is also retiring, Amazon said. In July, public policy chief Jay Carney left to join Airbnb, and 23-year Amazon veteran Dave Clark resigned as retail chief a month later. Two prominent Black leaders — operations executive Dave Bozeman and Alicia Boler-Davis, senior vice president of global customer fulfillment — also announced their departures in June. The average tenure for vice presidents is about 10 years, and for senior vice presidents it is "much longer," the spokesperson said.

☆ Ex-BoE boss Carney says UK tax cuts under-cutting BoE inflation fight
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

Mark Carney attends a news conference at the Bank Of England in London, March 11, 2020. Peter Summers/Pool via REUTERSLONDON, Sept 29 (Reuters) - Former Bank of England governor Mark Carney criticized the new British government's plan to cut taxes for under-cutting the attempts of the central bank to curb inflation and sowing chaos in financial markets. "Unfortunately having a partial budget, in these circumstances - tough global economy, tough financial market position, working at cross-purposes with the Bank - has led to quite dramatic moves in financial markets," Carney told the BBC in an interview broadcast on Thursday. The pound sank and British government bond yields soared, forcing the BoE to revive its bond-buying programme in an emergency move on Wednesday to shore up pension funds. read moreRegister now for FREE unlimited access to Reuters.com RegisterWriting by William Schomberg; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

LONDON, Sept 29 (Reuters) - British Prime Minister Liz Truss broke her silence on Thursday following nearly a week of chaos in financial markets triggered by her plans for tax cuts, saying she was willing to take "controversial" decisions to reignite growth. Register now for FREE unlimited access to Reuters.com Register"But I'm prepared to do that as prime minister because what's important to me is that we get our economy moving." Truss became prime minister on Sept. 6 after winning the leadership of the governing Conservative Party with promises to cut taxes. "This is the right plan that we've set out," Truss said, adding it would put Britain's economy on a better trajectory for the long term. Some financial analysts have said the government might have to bring forward that announcement to settle the nerves of investors.

☆ The UK is gripped by an economic crisis of its own making
▼ + stars: | 2022-09-29 | by ( Mark Thompson | ) edition.cnn.com time to read: +8 min

“While this is welcome, the fact that it needed to be done in the first place shows that the UK markets are in a perilous position,” said Paul Dales, chief UK economist at Capital Economics, commenting on the bank’s intervention. “It wouldn’t be a huge surprise if another problem in the financial markets popped up before long,” Dales added. The UK government should also postpone its tax cuts, El-Erian said. We look like reckless gamblers who only care about the people who can afford to lose the gamble,” one former Conservative minister told CNN. “Truss and Kwarteng are now facing a severe economic crisis as the world’s financial markets wait for them to make policy changes that they and the Conservative party will find unpalatable,” the Eurasia analysts wrote.

☆ Morning Bid: Dysfunction and intervention
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +5 min

Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening. Cold comfort maybe, but enough to drag bond yields back and lift stocks briefly around the world. While 30-year gilt yields steadied just below 4% on Thursday after their 100bp swoon the previous day, the pound was sliding again and UK midcap stocks dropped. read moreEasing inflation in Spain was better news read more . Market leader Inditex (ITX.MC), the owner of Zara, slipped 2.2%, while the wider STOXX retailers index <.SXRP> slid 4.3%.

☆ 'Punked': DeSantis keeps White House, Delaware and media guessing on migrant flight plans
▼ + stars: | 2022-09-21 | by ( Marc Caputo | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Lauren-Egan-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +9 min

White House press secretary Karine Jean-Pierre accused DeSantis of not wanting a workable, bipartisan solution on immigration. “Obviously,” DeSantis said, “it’s sad that Martha’s Vineyard people deported them the next day. Ray Ewing / Vineyard Gazette via APThe migrants who were flown to Martha’s Vineyard weren’t deported; they were moved to a military base near Cape Cod. “If you say you’re a sanctuary state, then don’t complain. Share in the pain — whether you’re president, God or anyone else.”Marc Caputo reported from Florida and Lauren Egan reported from Delaware.

☆ Major U.S. banks threaten to leave Mark Carney's climate alliance - FT
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Kenya's Finance Minister Ukur Yatani and former Bank of England Governor Mark Carney attend the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Yves Herman/File PhotoSept 21 (Reuters) - Major Wall Street banks have threatened to leave United Nations climate envoy Mark Carney's financial alliance over legal risks, the Financial Times reported on Wednesday, citing several people involved in internal talks. Some members of the alliance have recently said that they "feel blindsided by tougher UN climate criteria and are worried about the legal risks of participation", the report said. The banks' legal departments are particularly anxious about U.S. Securities and Exchange Commission (SEC) rules around climate-risk disclosures, the report added. The SEC will soon require formal disclosures in annual reports about governance, risk-management and strategy with respect to climate change.

People gather outside ahead of the arrival of migrants who have been flown from Texas via Florida at Delaware Coastal Airport in Sussex County, Delaware, U.S., September 20, 2022. Florida's Republican Governor Ron DeSantis did not confirm reports of the flight on Tuesday nor did he indicate if he was behind the action. Asked at the White House about his reaction to the possibility of DeSantis sending migrants near his Delaware beach house, Biden told reporters, "He should come visit. Register now for FREE unlimited access to Reuters.com RegisterThe White House said it was coordinating closely with local officials and had received no heads up from DeSantis, with spokesperson Karine Jean-Pierre saying "his only goal is to create chaos." read more"I think it's opening people's eyes to the solution, which is let's have a secure border," DeSantis said in a press conference Tuesday.

☆ Delaware prepares for potential arrival of migrants after DeSantis chartered flights to Martha's Vineyard
▼ + stars: | 2022-09-20 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Ron DeSantis and Texas Gov. A Texas sheriff announced on Monday that he is opening a criminal investigation into the transport of migrants to Martha's Vineyard, saying they were "lured" with "promises of a better life." DeSantis had suggested in November that he could send migrants to Biden's home state of Delaware. Newsweek reportered on Tuesday that the same aircraft that flew migrants to Martha's Vineyard is bound for Delaware Coastal Airport in Sussex County, Delaware, "though there is no evidence at this time that migrants will be on board." Last week, Republican Sen. Ted Cruz of Texas tweeted "Rehoboth Beach, Delaware next" and tagged Abbott and DeSantis.

☆ Inside the growing business behind TikTok song remixes, which are transforming the way music is discovered on the app
▼ + stars: | 2022-09-16 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

TikTok users are increasingly finding new music through song remixes and mashups. In the middle of August, music artist Sam Smith's somber 2014 ballad "I'm Not The Only One" reentered Spotify's top 200 chart nearly a decade after its release. Marketers embrace TikTok remixes and mashupsAs with any social-media trend, music marketers are adjusting their strategies to stay in tune with TikTok's audience. TikTok music talent can earn anywhere from $500 to $5,000 to produce a remixed version of a track, according to Cloherty. Outside of monetary compensation, having a track go viral can help TikTok talent grow their audience off the app.

☆ Sustainable finance is poised to fund the future of the planet, addressing climate change, equity, and governance
▼ + stars: | 2022-03-03 | by ( Julia Hood | ) www.businessinsider.com time to read: +5 min

This article is part of the "Financing a Sustainable Future" series exploring how companies take steps to set and fund sustainable goals. Metrics include diversity reporting, wage gaps, and health and safety. Metrics include employment and wealth generation, taxes paid, and research and development expenses. Metrics include employment and wealth generation, taxes paid, and research and development expenses. Sustainable finance is bigger than just ESG, though the terms are often conflated.

☆ Tom Carper's love of Amtrak doesn't take a back seat to Joe Biden's
▼ + stars: | 2021-06-06 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +14 min

His committee oversees surface transportation, and he loves trains, just like "Amtrak Joe." "Then they named it after Joe Biden, and my staff was so ticked off. Sen. Thomas Carper and then-Vice President Joe Biden speak at the former GM Boxwood Plant in October 2009 in Wilmington, Delaware. Tom Carper and Chris Coons speak to reporters after meeting with President Joe Biden at the White House in February, 2021. As he left, "Tell Joe Biden we love him," the ticket counter attendant said.

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