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The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control a ....
we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could ha ....
by our president as we join with him in promising that help is on the way. this is one of the most consequential pieces of legislation we have passed in decades. and you know what we can show america that we can get things done to make their lives better. this is what it looks like. three democrats basically run the levers of government in washington now, the congressional leaders as you heard there and president biden. and on this they re united on the import of landmark legislation to fund covid testing, vaccines, and health care while trying to juice the economy and fortify budgets around the nation. they have bipartisan wind at their back. fully 75% of americans and 59% of republican voters back this biden/schumer/pelosi project. in other words, millions of trump supporters now back president biden s first big priority in office while their own elected leaders seem out of step. not a single republican elected official voted for the bill today in the house. the p ....
Mr modi set to form a government with the help of a coalition of smaller parties that may make it harderfor him to push through economic reforms. today the central bank has is due to make its latest call on the cost of borrowing which currently sits at 6.5%. 0ur correspondnet archana shukla has been there for all the drama and joins me now from mumbai. just take us through what happened this week and where market sentiment sits right now. ~ . . . market sentiment sits right now. ~ ., , , ., now. well, it has been a roller-coaster now. well, it has been a roller-coaster ride - now. well, it has been a roller-coaster ride for i now. well, it has been a. roller-coaster ride for the roller coaster ride for the indian markets. we started with quite a big high on monday after post poll predictions showed that prime minister modi s ruling party would have a thumping majority but they fed it was split and we can to the market. it crashed on tuesday, losing more than 6% on the benchmark. near ....
Right now behind me. but on that stage you have the six candidates all with the common theme of black women are essential to the democratic party. mayor pete buttigieg was the last candidate to speak on that stage. listen to a little bit of what he had to say. i stand here aware that black women are not just the backbone of the democratic party, but the bone that is making our democracy whole. women of color account for nearly half of all women-owned businesses. $386 billion of annual revenue, which means we should continue to lift them up not just with our words but with our dollars. reporter: that plan on entrepreneurship was part of his so-called douglas plan for black america. he also in that speech mentioned that controversial police shooting that he s been dealing with that has taken him on and off the campaign trail in south bend. but all the candidates you ve ....