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There seems to be a lot to celebrate on International Women's Day in the field of economics. Women head the International Monetary Fund, the World Trade Organization, the U.S. Treasury and the European Central Bank. "The pervasive underrepresentation of women in economics is systemic and structural," Ngozi Okonjo-Iweala, the first woman to head the World Trade Organization, told Reuters. "There are no women in the textbooks and most big names in economics are men," said Sandra Kretschmer, economics researcher and member of the Women in Economics Initiative. Women and men tend to have different research interests, said Alisa Weinberger, economics researcher at Goethe.
Nicola Mendelsohn and Justin Osofsky are Meta's top ad execs after Marne Levine stepped down. After Meta's ad revenue took a series of hits, the company banking on an overhauled ad offering powered by AI. Insider identified Meta's 21 top ad execs tasked with reviving its most crucial revenue stream. Here are the 21 most powerful and important advertising execs still at the company, listed alphabetically. Their roles span ad sales, strategy, marketing and product across Meta's portfolio.
WASHINGTON, Feb 27 (Reuters) - NASA has picked a longtime solar scientist who heads its heliophysics division to become the U.S. space agency's science chief, according two people familiar with the decision. Nicola Fox, former top scientist on the Parker Solar Probe mission studying the sun, will be named this week as NASA's associate administrator for the agency's Science Mission Directorate, said the two sources, who spoke on condition of anonymity ahead of the official announcement. Fox will lead NASA's science directorate, a unit with an annual budget of roughly $7 billion that oversees some of the agency's best-known programs from the robotic hunts for past life on Mars to exploring distant galaxies with the James Webb Space Telescope. Fox will succeed Thomas Zurbuchen, a Swiss-American astrophysicist who had led the directorate since 2016 before his retirement in December. Sandra Connelly, formerly Zurbuchen's deputy, has been leading the directorate in an acting capacity.
Flu experts gather with H5N1 risk on the agenda
  + stars: | 2023-02-24 | by ( Jennifer Rigby | ) www.reuters.com   time to read: +3 min
But it is also a chance to discuss the risk of animal viruses spilling over to humans and causing a pandemic. At this week's meeting, H5N1 clade 2.3.4.4b was a key topic, the World Health Organization (WHO) and global flu experts told Reuters. They will brief reporters on both the seasonal flu vaccine composition and spillover risks later on Friday. "We need to really continue the efforts for a flu pandemic." A number of companies that produce seasonal flu vaccines can also make pandemic flu vaccines.
Sturgeon, in office since 2014, unexpectedly announced last week she was resigning as first minister of Scotland’s semi-autonomous government, saying she had become too divisive. The frontrunner to succeed her and become the next leader of her Scottish National Party (SNP) is Humza Yousaf, a Sturgeon loyalist who faces criticism for his record in government. The campaign so far has been dominated by a debate about views on social issues such as gay marriage, transgender rights and abortion. "The big fundamental question of facing the party... is how it's going to acquire majority support in Scotland for independence: That question has not been addressed." Reporting by Alistair Smout, Andrew MacAskill and Elizabeth Piper; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.
Italy approves clampdown on migrant rescue ships
  + stars: | 2023-02-23 | by ( Angelo Amante | ) www.reuters.com   time to read: +3 min
The new set of rules is part of Prime Minister Giorgia Meloni's efforts to crack down on the rescue vessels, which her government says encourage people to make the perilous trip across the Mediterranean from northern Africa. Charities deny this, saying migrants set to sea regardless of whether rescue boats are in the vicinity. Under the new law, ships have to request access to a port and sail to it "without delay" after a rescue, rather than remain at sea looking for other migrant boats in distress, and disclose detailed information about their rescue activities. The Roman Catholic Church in Italy last month said the new measures violated international law and should be scrapped. Government data shows 12,667 people have reached Italy so far this year, more than double the same period of 2022.
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.
LONDON, Feb 20 (Reuters) - Scottish finance minister Kate Forbes said on Monday she would run in the leadership contest to replace Nicola Sturgeon as Scottish National Party (SNP) leader and Scotland's first minister. Forbes, who was elected to the Scottish parliament in 2016 and became finance secretary in 2020, is the third candidate to enter the race since Sturgeon's surprise resignation last week. Forbes, a Christian, was among senior politicians who urged the Scottish government in 2019 not to rush into gender reform legislation. Health minister Humza Yousaf and former minister Ash Regan have said they will run in the contest to replace Sturgeon. Two other possible contenders, 53-year-old culture minister Angus Robertson, a former deputy leader of the party, and John Swinney, the 58-year-old deputy first minister, have ruled themselves out.
Determined to carry on with their love of music, Bec found a way to overcome their condition. Liza Bec, a professional composer, discovered in 2008 that music — the very thing they had devoted their life to — was causing their epilepsy. "It was complete horror," Bec told Insider: "I just thought: 'I'm going to die. A condition that affects one in 10 million peopleLiza Bec, playing their roborecorder. Doctors told Bec they should go on medication and avoid playing music to avoid damaging their brain further.
UK police identify body found in river as Nicola Bulley
  + stars: | 2023-02-20 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Feb 20 (Reuters) - British police on Monday identified a body found in the River Wyre in northern England as Nicola Bulley, a mother of two who went missing last month sparking a large search that captured media and public attention. "Sadly we are now able to confirm that yesterday we recovered Nicola Bulley from the River Wyre," Lancashire Police Assistant Chief Constable Peter Lawson told a news conference. Bulley, 45, was last seen walking her dog near the river in Lancashire on Jan. 27. Lancashire Police said an underwater search team and specialist officers had recovered a body from the water on Sunday. The family statement went on to heavily criticise media intrusion during the search.
LONDON, Feb 18 (Reuters) - Scottish Health Minister Humza Yousaf said on Saturday he would run in the leadership contest to replace Nicola Sturgeon as Scottish National Party (SNP) leader and first minister. Yousaf becomes the first to publicly announce his intention to stand in the race after Sturgeon's surprise resignation earlier in the week saying she had become too divisive and too tired to carry on. loadingThe SNP has said it will choose a new leader within six weeks through a ballot of its members, which will close on March 27. Sturgeon, 52, said she was not leaving politics and that she would stay on until a successor has been picked. Reporting by Muvija M, additional reporting by Jahnavi Nidumolu; Editing by Kylie MacLellan and Alistair BellOur Standards: The Thomson Reuters Trust Principles.
MANCHESTER, England, Feb 19 (Reuters) - Police in the north of England said on Sunday they had found a body near where a woman went missing last month. Nicola Bulley, 45, was last seen walking her dog near a river in Lancashire, northwest England, on Jan. 27. Twenty-five minutes later her mobile phone, still connected to a work Teams call, was found on a bench. Lancashire Police said they were called at 1136 GMT on Sunday to reports of a body in the River Wyre. "No formal identification has yet been carried out, so we are unable to say whether this is Nicola Bulley at this time."
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.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're 'quite cheerful' and positive on China, says portfolio managerMary Nicola of PineBridge Investments says as the rest of the world slows down, China is "picking up," and the company has been shifting into emerging markets.
LONDON, Feb 16 (Reuters) - Any prospect of Scotland breaking away from the United Kingdom used to have momentous implications for U.K. markets. The lack of any discernable reaction in the pound, gilts or London blue-chips to the resignation on Wednesday of pro-independence Scottish first minister Nicola Sturgeon's resignation showed. "Ten years ago it was a real risk, it was quite close," said Jon Day, global bond portfolio manager at UK-based asset manager Newton Investment Management. Reuters GraphicsThe Scottish independence discourse "doesn't have much of an impact on the pound these days", said George Brown, economist at fund manager Schroders. The U.K. market chaos following former Prime Minister Liz Truss's badly received mini-budget collided with heightened anxiety among investors in general as the U.S. Fed raised interest rates.
Alpine set out season goals and bring on Zidane
  + stars: | 2023-02-16 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Alpine launch new A523 car in LondonSet goal of defending fourth place and closing gap to top threePresent soccer great Zidane as brand ambassadorLONDON, Feb 16 (Reuters) - Renault-owned Alpine set out their goals for the Formula One season on Thursday before unveiling French soccer great Zinedine Zidane as a surprise signing. "I am very happy to be here today and happy to be part of the Alpine team," Zidane told the surprised audience in a former newspaper printing site in London's Docklands. "The gap to third was big and we've got to close that gap," said team principal Otmar Szafnauer. Ocon is in his fourth year at the team while Gasly has joined from Red Bull-owned AlphaTauri. The 23-race season starts at the Sakhir circuit on March 5, with pre-season testing there next week.
Nicola Sturgeon Resigns as Scotland’s First Minister
  + stars: | 2023-02-15 | by ( James Hookway | ) www.wsj.com   time to read: 1 min
Nicola Sturgeon said staying on as first minister might harm Scotland’s bid for independence from the rest of the U.K.EDINBURGH, Scotland—The leader of Scotland’s government and the head of its pro-independence Scottish National Party said on Wednesday she would resign, an unexpected move that follows a recent slump in support and controversy over an initiative to expand transgender rights. Nicola Sturgeon , who has led the Scottish Parliament for the past eight years, said she would have less energy for the job and that staying on might do more harm than good for the cause of independence from the rest of the U.K. Scotland’s Parliament has powers over local matters, including health and education, but not national ones, such as defense or diplomacy, which are reserved for the U.K. Parliament at Westminster.
Scottish First Minister Sturgeon to resign - BBC
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Feb 15 (Reuters) - Nicola Sturgeon is expected to resign as the first minister of Scotland later on Wednesday after eight years in the job, the BBC reported. Sturgeon became the leader of the ruling Scottish National Party (SNP) in the wake of its 2014 independence referendum when the country voted 55% to 45% to remain as part of the United Kingdom. She had recently become embroiled in a row over transgender policies after Scotland passed a Gender Recognition Reform Bill, making it easier for people to change their legal gender. The Scottish government declined to comment. Reporting by Kate Holton and Muvija M, Editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.
Nicola Sturgeon announced her resignation as Scottish first minister in a surprise press conference in Edinburgh on Wednesday, saying her departure is not the result of short-term pressures. Sturgeon has been Scotland's longest-serving first minister, acting in the position and as leader of the Scottish National Party since 2014. In November, the U.K.'s highest court ruled that any second Scottish independence vote would have to be approved by the U.K. government. Stewart McDonald, a SNP member of parliament, said on Twitter, "Nicola Sturgeon is the finest public servant of the devolution age. She will be an enormous loss as First Minister and SNP leader."
LONDON, Feb 15 (Reuters) - Nicola Sturgeon said on Wednesday she would resign as Scotland's first minister after eight years in the job. Sturgeon told a news conference in Edinburgh that she would remain leader of Scotland's devolved government until a successor is found. "This decision comes from a deeper and longer term assessment," she said, adding she had been wrestling with the decision for weeks. "Giving absolutely everything of yourself to this job is the only way to do it," Sturgeon said. Reporting by Muvija M and Sachin Ravikumar; editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.
While Sturgeon said she was "firmly of the view that there is now majority support for independence in Scotland", the polls suggest there is more work to do. In the aftermath of the court ruling, some polls showed a majority support for independence, but that has recently come down back towards 2014 levels. "If that stops being the case, then that really could knock them back, and really could damage the cause of Scottish independence." "The movement has been left with no clear strategy for independence," Salmond, who now leads the Alba party, said. "Voters see no clear successor to (Sturgeon) - it illustrates how dominant a figure she has been for so long," pollster Mark Diffley said.
Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune's Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Meta 's Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday. Levine previously served as vice president of global public policy at Facebook, chief operating officer at Instagram and vice president of global partnerships, business and corporate development at Facebook. Levine was named Facebook's chief business officer in the summer of 2021, a few months before it changed its name to Meta to indicate its focus on the yet-to-be-developed metaverse. "I'm grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day."
Meta business chief to depart
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +1 min
Feb 13 (Reuters) - Meta Platforms (META.O) said on Monday Chief Business Officer Marne Levine was leaving the owner of Facebook after a 13-year stint. Fifty-two-year-old Levine, appointed as the company's first chief business officer in 2021, has served in various other executive positions at the social media company, including chief operating officer of Instagram. The company said it expanded Nicola Mendelsohn's role as head of global business group and named Justin Osofsky as head of online sales, operations and partnerships, in the wake of Levine's imminent departure. The changes come at a time when Meta has promised to cut costs by $5 billion in the year to a range of $89 billion to $95 billion, calling 2023 the "Year of Efficiency". Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra Eluri and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Meta's chief business officer Marne Levine is leaving the company, according to a post on Meta's site. Levine has also been known as a longtime confidant of Sheryl Sandberg, who stepped down from her role as Meta's chief operating officer in 2022. Levine's role will be split between her successor, Nicola Mendelsohn and Justin Osofsky, according to Meta's post. Both Mendelsohn and Osofsky have also held executive roles at the company for years and will report to Meta's Chief Operating Officer Javier Olivan in their new titles, the post noted. In a call after the earnings were released, Zuckerberg noted that the company was "removing some layers of middle management."
Nelson PeltzNelson Peltz's eight children have gone on to star in films, pursue careers in business, and play ice hockey. Heidi Gutman/CNBC via Getty ImagesBefore 80-year-old Nelson Peltz amassed his $1.4 billion net worth or family of 10 children, he was a college dropout working for his family business. Peltz is now married to the former model Claudia Heffner Peltz, who has mostly kept out of the limelight during marriage. Recently, Peltz made headlines for suing the planners of his daughter Nicola's 2022 wedding to Brooklyn Beckham, Insider's Claire Atkinson reported. Insider did not receive responses to requests for comment from Nelson Peltz's company, Trian Fund Management, Brad Peltz, and a representative for Will Peltz and Nicola Peltz Beckham.
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