San Francisco, Sept 8 (AP/UNB) — The New York Times is reporting that Jack Ma, the co-founder and executive chairman of Chinese e-commerce behemoth Alibaba Group, is retiring.
The Times said that in an interview, Ma said he planned to step down as executive chairman on Monday to pursue philanthropy in education. He will remain on Alibaba's board of directors.
Ma started Alibaba in 1999 in his apartment in the Chinese city of Hangzhou and is now among the richest people in the world.
The company went public on the New York Stock Exchange in 2014 and has a market value of about $421 billion. It's the world's biggest e-commerce company by total value of the merchandise sold across its platforms, which include Taobao and TMall.
Alibaba did not immediately respond to a request for comment.
London, Sep 7 (AP/UNB) — British Airways is promising to compensate customers after reporting a major hack of its website that compromised credit card information of roughly 380,000 travelers.
Chief Executive Alex Cruz said Friday the company is "100 percent committed" to compensating customers whose financial information was stolen. He said the company had been hit by a "very sophisticated malicious criminal attack."
He said enough information was stolen to allow criminals to use credit card information for illicit purposes, and that police are investigating.
"We know that the information that has been stolen is name, address, email address, credit card information; that would be credit card number, expiration date and the three-letter code in the back of the credit card," he told the BBC, adding that no passport data had been hacked.
The company's mobile app was also breached, officials said.
British Airways revealed the hack Thursday evening and began notifying customers. Customers who booked on the company website from Aug. 21 until Sept. 5 may have been affected.
The hack was not discovered until Sept. 5 and has now been resolved, officials said.
Shares in BA's parent company, IAG, were down 2 percent on Friday.
Dhaka, Sep 6 (AP/UNB) -A chill, bearded and nose-ringed Jack Dorsey appeared unflappable as he faced hours of questioning from members of Congress Wednesday on issues as wide-ranging as political bias, hate speech, school safety and election manipulation.
At 9:30 a.m., he began at the Senate intelligence committee, alongside Facebook's practiced and polished chief operating officer Sheryl Sandberg and an empty chair in place of the absent Google co-founder Larry Page. In the afternoon, a 1:30 hearing featured a solo Dorsey before the 54-member House Energy and Commerce Committee.
Dorsey, who meditates regularly, live-tweeted his opening statement and answered questions in a low, measured tone. He repeatedly declined to rise to the bait offered by sometimes scathing legislators, instead holding forth as the nerdy and earnest CEO who just wants to improve his company and its role in the world.
When Arkansas Republican Sen. Tom Cotton pressed Dorsey on Twitter's allegiance to the U.S., Dorsey steered a serene middle course. Asked if he saw a difference between cooperating with the U.S. government and the Russian or Chinese governments, Dorsey demurred. "Not sure what you mean," he said.
"Are you an American company?" Cotton asked.
"We are an American company," answered Dorsey, who at 41 is the same age as Cotton.
"Do you prefer to see America remain the world's dominant global superpower?"
"I prefer that we continue to help everywhere to serve," Dorsey replied, going on to affirm the importance of adhering to Twitter's terms of service, protecting its users from 24/7 surveillance and, eventually, helping intelligence agencies when given a "proper legal order."
And so it unrolled, hour after hour, from one side of Capitol Hill to the other.
While Dorsey deferred some questions for follow-up, it wasn't the constant refrain for him that it was for Mark Zuckerberg during his own marathon congressional testimony back in April. That performance, in which the Facebook CEO skidded through the sometimes uninformed questions from members of Congress, helped Zuckerberg close the door on his company's privacy scandal — but also prompted an avalanche of online memes depicting him as an alien robot.
Dorsey, meanwhile, got high marks from Rep. Billy Long, a Missouri Republican and former auctioneer, who earlier in the hearing had drowned out a loud, conspiracy-minded protester with his old auction chant until security arrived.
"A lot of people come into these hearings and they practice and they coach them and they tell them how to act," Long said. "It's obvious that no one did that for you. You are who you are."
Though who knows. There are also people who spend hours picking out clothes and trying out hairstyles to appear effortlessly unkempt. Twitter did not respond to questions Wednesday about Dorsey's preparation for the hearings.
Compared to Zuckerberg, Dorsey "came across as more mature and more comfortable," said Richard Levick, founder and CEO of public-relations firm Levick. "His answers are thoughtful and you can see that he is really thinking about it."
Facebook's Sandberg also seemed to get a warmer reception than her boss had a few months earlier. A former Washington insider, Sandberg answered many questions directly and deflected others with little noticeable effort. But even she stumbled a bit, at one point telling senators that Facebook aims to present users with "alternative facts" when they come across fake news stories, inadvertently echoing an infamous formulation from Trump adviser Kellyanne Conway.
Sandberg most likely meant that Facebook tries to present people with factual stories that provide more reliable information than disputed articles. And her overall performance earned points.
She no longer appeared dismissive, as Zuckerberg had been early on, about the prospect of foreign elections meddling. And she no longer insisted that Facebook was merely a neutral tech company that hires engineers and not journalists, as she did less than a year ago.
"They are realizing that they are (one of the) most powerful platforms of information," Levick said. "And they have more responsibility than the Wild West."
Dhaka, Sep 6 (UNB) - Huawei, world’s leading ICT solutions provider has selected 10 outstanding ICT talents from 5 renowned universities of Bangladesh for a China tour.
The gala event of ‘Seeds for the Future’ 2018 held at the Customer Solution Innovation and Integration Experience Centre (CSIC) in Gulshan Avenue, Dhaka for the reception of the finalists.
The programme was inaugurated by Zhang Zhengjun, CEO of Huawei Technologies (Bangladesh) Ltd. and Dr. S. M. Mostofa Al Mamun, Head of the Department of EEE of DU was also present at the event. The students will get a two-week hands-on learning experience in Beijing and Shenzhen, departing on September 8.
Recently, in collaboration with the respective faculties and Huawei expert team, Huawei selected top performing students to travel to China and learn about the next generation of technologies including 5G, Internet of Things, and cloud computing. With impressive investment in R&D over the years, Huawei is becoming a world leader with a richly varied list of products and services for telcos, businesses, governments and consumers, says a press release.
Zhang Zhengjun, CEO of Huawei Technologies (Bangladesh) Limited said in his opening speech, “Seeds for the Future” is their most heavily invested CSR programme worldwide. Starting in 2008, Seeds for the Future has been launched in 108 countries and regions. By the end of 2017, the programme has benefited over 30,000 students from more than 350 universities worldwide.
Through this program, a total of 3,600 top students have been able to visit and gain practical work experience at Huawei's headquarters in China. Seeds for the Future focuses solely on the development of young ICT talents through world-class ICT technologies.
He said, “I believe that, at the end of this program, students will enhance their ability to adapt to the ICT industry, and gain more exposure and understanding of the latest technologies. Huawei will always keep contributing to the ICT and telecom sectors of Bangladesh.”
He also mentioned that Huawei will continue to support Digital Bangladesh 2021 by acting as the best partner in building ICT infrastructure in Bangladesh, a leading enabler in digital transformation of vertical industries, a provider of best-experience technological products to consumers, and more importantly, a platform to develop more and more ICT talents for Bangladesh.
“We hope and welcome the seeds to join us, join ICT Industry of Bangladesh to help the country achieve the vision of Digital Bangladesh 2021 by contributing their knowledge,” he added.
This year’s selected universities are- Dhaka University (DU), Islamic University of Technology (IUT), Khulna University of Engineering & Technology (KUET), Rajshahi University of Engineering & Technology (RUET) and Chittagong University of Engineering & Technology (CUET).
Dhaka, Sep 6 (UNB)- Grameenphone announced the names of the seven finalists for Telenor Youth Forum Grand Finale 2018.
The TYF Bangladesh finalists are Tasneem Omar Ava - BRAC University; Sameen Alam, and Syed Sameen Shahrear - IBA Dhaka University; Tarek Musanna, and Md. Nazib Intesar - BUP; Sabiha Saju Ibne Abedin - IBA JU; and Iftekher Mahmud - ARMY IBA.
Two winners from the TYF Bangladesh 2018 Grand Finale will head off to Oslo, Norway, in December 2018 during Nobel Peace Prize ceremony.