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Tech giants vow to double number of women managers by 2022
by Staff Writers
Paris (AFP) May 15, 2019

Forty-five tech giants committed Wednesday to doubling the number of women on their management boards to 30 percent by 2022, the French presidency said.

Alibaba, BNP Paribas, Booking.com, IBM, L'Oreal and Uber were some of the high-profile companies to sign a pledge at the second "Tech for good" summit taking place in Paris.

Businesses that reach the goal are then to pursue complete parity including on executive committees, the Elysee palace said in a statement.

A recent tech-sector study by the consulting firm McKinsey & Company showed that women occupied just 15 percent of management posts at present, it added.

The "Tech for good" summit aims to encourage global tech leaders to think about how new technologies can contribute to the common good, in areas such as education and health.

The initiative is the brainchild of French President Emmanuel Macron who was scheduled to dine with 180 leaders of digital companies including Jack Ma of Alibaba, and Ken Hu of Huawei on Wednesday evening.

He was also due to individual meetings with IBM boss Virginia Rometty and Dara Khosrowshahi of Uber.

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Walmart speeds up delivery in race with Amazon
San Francisco (AFP) May 14, 2019
Retail colossus Walmart on Tuesday began offering free next-day deliveries of online purchases, aiming to counter rival Amazon in the race to get orders to consumer doorsteps. One-day delivery option became available for an array of merchandise for sale at Walmart.com to customers in Phoenix and Las Vegas, and will extend to Southern California in the next few days, according to e-commerce chief Marc Lore. The move ramps up Walmart's efforts to keep pace in electronic commerce with Amazon, which ... read more

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