Business

Editor Tapped to Lead Washington Post Won’t Take the Job

Robert Winnett, the editor selected to run The Washington Post, will not take up that position after reports raised questions about his ties to unethical news gathering practices in Britain. Mr. Winnett will stay at The Daily Telegraph, where he is the deputy editor, according to emails sent on Friday to employees of the London-based newspaper and to staff at The Post. Key Statements: Chris Evans, Editor of The Telegraph: “I’m
Business

Bank of England Holds Rates Steady, Despite Slower Inflation

The Bank of England kept its main interest rate steady at 5.25%, despite inflation falling to the 2% target in May. This decision comes as central banks worldwide grapple with the timing and extent of interest rate cuts amid easing inflation pressures. Key points from the Bank of England's decision: Interest rates remain at a 16-year high of 5.25% The vote was 7-2 in favor of keeping rates unchanged Two members
Business

Investor Support for Toyota Chairman Akio Toyoda Tumbles

Toyota Motor's longtime leader, Akio Toyoda, faced a significant decline in shareholder support during the company's recent board election. The approval rating for Toyoda's renomination as chairman dropped to 71.9%, marking the lowest level of support since at least 2010. Key Developments Shareholder support for Akio Toyoda fell from 85% in 2023 and 96% in 2022 to 71.9% in 2024. Major proxy advisers, including Institutional Shareholder Services and Glass Lewis, recommended