Miscellany

Miscellany

Mukesh Ambani now Asia’s 2nd richest man

Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones. Some analysts are beginning to focus on the costs of his ambition.

Facebook COO calls for new policies to boost women’s pay

Facebook Inc chief operating officer Sheryl Sa­ndberg on Su­nday called on governments and firms to do more to close the gender pay gap and said both girls and boys should be encouraged to become leaders from an early age. “We need to start paying women well and we need the public policy and the corporate policy to get there,” she said.

“But certainly women applying for jobs at the same rate as men, women runn­ing for office at the same rate as men, that’s got to be part of the answer,” she told BBC.

Vistara treats women flyers differently

In a country where women travellers face myriad dangers, one Indian airline has an idea: chivalry, and no middle seats.

With its woman flyer service, Vistara has begun offering to help women flying solo with their bags, escort them to and from their ground transportation, and give them preferred window and aisle seats on their flig­hts — no middles.

The New Delhi-based airline says around 75-100 women use the complimentary service each day. It is believed to be the first airline to offer such a service.

Bezos overtakes Gates to become richest in world

A surge in Amazon.com Inc shares on Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person.

Bezos owns about 17 per cent of Seattle-based Amazon, which has surged 40 per cent this year through Wednesday, helping to add $24.5 billion to his net worth. He started 2017 as the world’s fourth-wealthiest person and has since surpassed Buffett and Inditex SA founder Amancio Ortega, 81, who ranks third with $82.7 billion.

Bankers ditch fat salaries to chase digital currency riches

Richard Liu gave up a seven-figure salary this month to get into one of the hottest financial instruments around right now: initial coin offerings (ICOs). The former China Renaissance dealmaker has since backed a clutch of cryptocoin sales that have raised millions — sometimes in seconds — often without a single product.

Tech billionaires Zuckerberg, Elon Musk battle it out for AI

Two of the world’s richest and most intelligent men are arguing about the future of artificial intelligence (AI). It’s a titanic battle in the offing.

Tesla boss Elon Musk and Facebook founder Mark Zuckerberg are locked in a very public feud over artificial intelligence.

Musk has repeatedly warned about the dangers of AI, describing it as a potentially existential threat to the human race.

China cashing out as mobile payments soar

Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing. The dance student is part of an explosion in the use of mobile payment platforms in China as consumers increasingly take out phones instead of cash to pay for everything from a coffee to a language class or a gas bill. “Even though I have cash on me it’s not convenient to get it when I am carrying a lot of bags,” said Yang, 25, clutching plastic bags filled with pears, potatoes and watermelon.

Google launches mobile search app to take on Facebook

Google on Wednesday announced an overhaul of its search app on mobile phones to include a personalised feed of links about hobbies, travel, sports and other topics, a move that puts the search company into more direct competition with social networks such as Facebook.

Google, the world’s large­st search engine and a unit of Alphabet Inc, said the ch­anges would begin rolling out in the United States on Wednesday and other countries in the coming weeks.

Philip Morris takes aim at young Indians

SK Arora spent more than three years trudging through the summer heat and monsoon rains to inspect tobacco kiosks across Delhi, tearing down cigarette advertisements and handing out fines to store owners for putting them up.

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