Top World News

Nvidia Board Prepares To Fire CEO Jensen Huang Over 2 Affairs: Report

Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

ArticleImg
US Woman Dies After Driver Mistakes Her for Trash Bag, Drags Her 2 Miles

She said she didn't stop because she thought she had only run over a black garbage bag.

Water industry bonus ban to be tightened as Ofwat warns of ‘damage to public trust’

Regulator to hasten review over concerns that firms are ‘undermining’ rules to make large payments to bossesThe water company bonus ban is set to be tightened after the regulator accused the industry of a risk of “damaging public trust” with large payments to bosses that appeared to get around the rules.Anglian Water was singled out for particular criticism over “retention payments” worth up to £800,000 for chief executive Mark Thurston despite the bonus ban. Anglian will face increased monitoring of its governance arrangements because of the controversial payments. Continue reading...

ArticleImg
UK economy grows at fastest pace for more than two years

GDP ‘grew robustly’ by 0.7% in third quarter and by 0.2% month on month in September despite high oil pricesThe UK economy grew by 0.7% in the third quarter, its fastest expansion in two and a half years, confirming that consumers and businesses remained resilient despite high oil and gas prices.The Office for National Statistics reported that the economy “grew robustly” in the July to September quarter, almost entirely due to strong and widespread growth in the services sector. Continue reading...

Nvidia board reportedly meets to decide CEO Jensen Huang’s future as chip giant’s share price plunges – follow live

Nvidia shares plunge in extended trading, sending Asian markets lowerNvidia board reportedly deciding whether to oust CEO Jensen HuangToo big – and too well-connected – to sack? Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a plain vanilla 3.6%. On the other hand, Nvidia’s board does not appear to have spent much time worrying about succession planning and “key person risk” or other standard concerns of corporate governance wonks outside the US. Continue reading...