Tuesday, November 20, 2018

Daily Archives: January 23, 2018

Prime Minister Sheikh Hasina has said Bangladesh wants a peaceful solution to Rohingya crisis with its next door neighbour Myanmar, UNB reports. "Bangladesh and...

Russia has assured Bangladesh to provide duty-free and quota-free market access for Ready Made Garments (RMG) products soon. Commerce Minister Tofail Ahmed said this...
England beat West Indies by 124 runs in 3rd ODI

An increasingly confident England survived several batting wobbles to once again prove their mastery at chasing in a four-wicket victory over a struggling Australia...
Uber Technologies Inc co-founder Travis Kalanick on Friday said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive. Uber investors are divided over whether Kalanick, who was pressured to step down as CEO earlier this year in the wake of several company scandals, should himself be on the board and whether he can name two other directors. The company and new Chief Executive Dara Khosrowshahi are scrambling to portray Uber as a reformed company that is responding to concerns including sexual harassment claims and a US bribery probe. Kalanick, still one of the largest shareholders, said in a statement he had appointed former Xerox Chief Executive Ursula Burns and former Merrill Lynch Chief Executive John Thain as directors. "I am appointing these seats now in light of a recent board proposal to dramatically restructure the board and significantly alter the company’s voting rights. It is therefore essential that the full board be in place for proper deliberation to occur, especially with such experienced board members as Ursula and John," he said. He did not specify the proposals he opposed. The appointments were a "complete surprise" to Uber and its board, the company said in a statement. "That is precisely why we are working to put in place world-class governance to ensure that we are building a company every employee and shareholder can be proud of,” it added. An investor who has supported Kalanick, Yucaipa Companies managing partner Ron Burkle, praised the appointments on Friday, calling Burns and Thain "smart, high-quality people." Division among Uber investors exploded in public in August, when Benchmark Capital filed a lawsuit to force Kalanick off the board and rescind his ability to fill two other seats on the panel, accusing him of concealing a range of misdeeds. Yucaipa and other Uber investors defended Kalanick and asked Benchmark to divest its own shares and step down from the board. A Delaware judge later that month stayed the Benchmark lawsuit and sent it to arbitration, pushing the dispute out of public view and delivering Kalanick a victory. Kalanick’s action on Friday could be subject to a new legal challenge. Benchmark or other Uber investors could attempt to block the appointments by asking the Delaware judge to issue a so-called "status-quo order." The judge last month did not grant such a request. Kalanick's lawyer at the time told the court that Kalanick had not rushed to fill the seats. The New York Times also quoted Kalanick's lawyer as telling the court Kalanick had the power to fill the seats under the pre-arbitration "status quo." Benchmark did not immediately respond to a request for comment.

The ride-sharing services guideline that aims to bring the service providers under government monitoring is likely to get cabinet approval soon. In the wake...

'After the Bangladesh government’s investment comes into Nepal’s energy sector, we hope the private sector will also step forward' Bangladesh has recently proposed to invest...

Actress Sunny Leone’s wax figure will be placed at the Madame Tussauds musuem here. It will be displayed alongside statues of other leading celebrities...

Lebanon’s army says 10 Syrians froze to death while trying to cross into the country via a dangerous smuggling route through the mountains. Military...

Manchester United manager Jose Mourinho has questioned Liverpool boss Jurgen Klopp's 2016 threat to quit rather than spend inflated transfer fees. The Anfield club...
Brain’s audio-motor connect boost playing music

Research also revealed an adaptation in musicians’ brain areas responsible for controlling hand movement. Specifically, participants with musical training had reduced connectivity between the...

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