Under-fire Uber CEO Kalanick resigns
Travis Kalanick, the combative and troubled CEO of ride-hailing giant Uber, resigned Tuesday under pressure from investors.
The company’s board confirmed the move early Tuesday, saying in a statement that Kalanick is taking time to heal from the death of his mother in a boating accident “while giving the company room to fully embrace this new chapter in Uber’s history.” He will remain on the Uber Technologies Inc. board.
In a statement, Kalanick said his resignation would help Uber go back to building “rather than be distracted with another fight.”
The resignation came after a series of costly missteps by Kalanick and the fast-growing company that he helped found eight years ago. Uber on Monday embarked on a 180-day program to change its image by allowing riders to give drivers tips through the Uber app, something the company had resisted under Kalanick.
The San Francisco-based company is trying to reverse damage done to its reputation by revelations of sexual harassment in its offices, allegations of trade secrets theft and an investigation into efforts to mislead government regulators.
Uber’s board said in a statement that Kalanick had “always put Uber first.”
While building the world’s biggest ride-hailing service, Uber developed a reputation for ruthless tactics that have occasionally outraged government regulators, drivers, riders and its employees.
The company’s hard-charging style has led to legal trouble. The U.S. Justice Department is investigating Uber’s past usage of phony software designed to thwart regulators.
Uber also is fighting allegations that it relies on a key piece of technology stolen from Google spin-off Waymo to build self-driving cars.
- Gold, silver prices down
Job and Career Fair kicks off
The Job and Career Fair that aims to provide job opportunities for youths started here Friday. Minister for Labor and Employment Farmullha Mansoor inaugurated the two-day fair amid a program at the Nepal Police Club Friday. The expo is organized by the Adhikari Creative Concern.
NCEA's general assembly picks new working committee
The 12th General Assembly of the Nepal Carpet Exporters' Association held Friday in the capital has unanimously chosen an 18-member new working committee. Ram Bahadur Gurung has been elected President while Dipak Bajracharya senior Vice President.
- Gold, silver prices up
- Changing vehicle equation
Effect of monetary policy on risk, stability and financial crises
The crisis of 2008–09 has reignited a new interest in understanding money and credit fluctuations in the macro economy, and the crucial roles they could play in the amplification, propagation, and generation of shocks both in normal times and, even more so, in times of financial distress. This may reopen a number of fundamental fault lines in modern macroeconomic thinking between theories that treat the financial system as irrelevant, or, at least, not central to the understanding of economic outcomes, and those that reserve a central role for financial intermediation.
Air pollution control measures for Kathmandu Valley
According to the World Air Quality Index website, Air quality index of Ratnapark, Kathmandu was 158 on April 22 which is unhealthy. This means children and people with respiratory diseases should avoid outdoor exertion at this pollution level. If this quantity increases to more than 300, air quality level is considered as hazardous which means everyone should avoid outdoor exertion.
The return trip
It took us over five hours, drenched in rain, walking through treacherous ratomato sluggishly. It should not have taken more than two hours in a normal day. It was the cruellest irony that no sooner did we reach Panchkhal and sat at the Pipal Chautari to rest, than the bus we had left behind, arrived with people in the bus bursting with laughter on seeing us.
Prospects for Nepali talents in the Diaspora
When Indu, a Nepali American teen studying in Virginia, asked Panta whether she could inspire Nepali youngsters into music industry and convince their parents to consider Nepali music as a path to professionalism, the female heartthrob of Nepali music could not fully convince her.
Traffic Police in Kathmandu
As busy and hassling as the traffic system in Kathmandu is, the Traffic Police here have to handle an equally strenuous job. Over 1,400 traffic officers in and around the Kathmandu Valley battle against the pestering traffic and air pollution each day.
Menstrual taboo outdated
I have seen my sisters and friends isolated and treated in discriminatory manner during their first menstruation cycle. They were not allowed to look at the sun, to touch water source, flower, fruits, any male family member, nor even hear their voice. The activist may claim the situation has changed and I do agree but still during every month my loved ones turns into untouchables beings.