New York City Mayor Zohran Mamdani has appointed former FTC chair Lina Khan to lead the board of the NYC Economic Development Corporation (EDC), alongside Anthony Shorris as president and CEO. Mamdani aims to combine urban business growth with his progressive affordability agenda, emphasizing economic development and justice.
The Norway soccer federation plans to file a formal complaint to Fifa ethics investigators regarding Donald Trump's alleged intervention to clear Folarin Balogun from a mandatory one-game ban at the World Cup, citing external influence on the ruling.
OKX appointed former NY Governor Andrew Cuomo to its board, leveraging his regulatory expertise for its push into licensed financial services, including a joint venture with ICE. This move aims to secure broker-dealer status and institutional customers, occurring as Congress debates the CLARITY Act, which addresses the overlap between political power and crypto wealth.
Investment firm Castlelake's third bid for easyJet, valued at £4.7bn (625p/share), faces shareholder skepticism due to a wide gap with the current market price and concerns over the bid's structure and deliverability under EU ownership rules.
Russia's Foreign Ministry warns NATO countries of a devastating response if Russia is attacked. Meanwhile, reports indicate a US-Israeli strike on a humanitarian aid aircraft in Iran, and attempted Ukrainian drone attacks on Moscow.
An expert believes the Bank of Russia will likely maintain its key interest rate at 14.5% during its upcoming meeting on June 19, citing global macroeconomic and geopolitical factors. While the market anticipates gradual easing, significant rate cuts are deemed improbable.
Roelof Botha, former managing partner at Sequoia Capital, has been appointed to SpaceX's board of directors. The appointment fills an existing vacancy and Botha will serve until the next annual shareholder meeting, also joining the audit committee. He previously worked with Elon Musk at PayPal.
Thomas Countryman, Chairman of the US Arms Control Association, described the proposed 'Golden Dome' missile defense system as an "expensive impossible dream" and a waste of money. He urged Congress to prevent its development, citing potential dangers and the need for international discussion on missile defense restraints.
Lululemon resolves proxy contest with founder Chip Wilson, agreeing to appoint two of his nominees and a third director in exchange for Wilson's commitment to refrain from criticizing the company for 1.5 years.
eBay's Board has rejected GameStop's acquisition proposal, citing multiple concerns including financing uncertainty and potential negative impacts on long-term growth and profitability.
The Hong Kong government has appointed veteran politician Jeffrey Lam Kin-fung to chair the board of directors of the Hung Shui Kiu Industry Park Company – the first entity established to accelerate the development of the Northern Metropolis project. The Development Bureau said on Friday that the board of directors comprises five bureau chiefs and five non-official members, tasked with formulating a “forward-looking development positioning and strategy” for the 23-hectare logistics park, the...
MPs have declared no confidence in South East Water's CEO David Hinton and board following repeated water outages affecting 2.3 million customers in Berkshire, Hampshire, Kent, Surrey and Sussex. The Efra committee report criticises leadership for a culture of unaccountability after a two-week outage in Tunbridge Wells left tens of thousands without water, including vulnerable people in care homes. The company faces a £22m fine from Ofwat for supply disruptions affecting over 286,000 people between 2020-2023.
Netflix cofounder and chairman Reed Hastings will exit the company's board of directors in June when his term expires, shifting focus to philanthropy. He served as CEO for over 20 years until 2023, taking over from co-founder Marc Randolph in the late 1990s. The announcement accompanied Netflix's first quarterly earnings since walking away from its Warner Bros. Discovery acquisition offer in February. Netflix shares dropped nearly 9% to $98.32 in after-hours trading despite strong quarterly results, as the company's outlook disappointed investors.
