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March 4th - Iranian sources reported on March 3rd that the election for Irans Supreme Leader may be postponed until next week. The sources said that the highest level of security measures have been implemented to ensure the smooth conduct of the election by the Council of Experts. The election may be held in person after the funeral of the late Supreme Leader Khamenei.On March 4, Cai Jianchun, a member of the National Committee of the Chinese Peoples Political Consultative Conference (CPPCC) and general manager of the Shanghai Stock Exchange, said in an interview at the economic sectors residence that 70% of Shanghai-listed companies have released action plans to improve quality and efficiency, and the effects of improving quality and efficiency and focusing on returns are continuously improving.Fitch: If the conflict in Iran continues, energy exporters in the Asia-Pacific region will benefit, while processors will be impacted.A cabinet representative of South Koreas ruling party stated that a bill related to US investment will be passed on March 12.On March 4th, the National Railway Administration issued a notice stating that it has drafted the "Administrative Measures for Railway Engineering Quality Testing (Draft for Public Comment)" and is now soliciting public opinions. The draft proposes establishing a licensing system for testing institutions. First, it clarifies the definition of railway engineering quality testing and emphasizes the implementation of qualification management for railway engineering quality testing institutions. Second, it stipulates the qualification categories for railway engineering quality testing institutions, dividing them into two main categories: comprehensive qualifications and specialized qualifications. Third, it clarifies the application conditions, application materials, and application procedures for testing institution qualifications. Fourth, it proposes requirements regarding qualification review methods, review procedures, certificate validity periods, qualification renewal, qualification changes, institutional restructuring, and cancellation.

Twitter CEO Says Two Leaders to Leave, Hiring Suspended During Musk Takeover

Charlie Brooks

May 13, 2022 10:00

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Two senior Twitter (NYSE:TWTR) leaders who oversee the consumer and revenue divisions will leave the social media company, CEO Parag Agrawal announced in a memo to employees on Thursday. This is one of the most significant changes at the company since billionaire Elon Musk announced he would acquire it for $44 billion.


Agrawal also stated in the memo, which was seen by Reuters, that Twitter would halt the majority of hiring and analyze all existing job offers to decide whether any "should be retracted."


He ascribed the decision in part to Twitter's inability to meet user growth and revenue benchmarks in order to preserve confidence that it might accomplish 2020's aggressive growth goals.


Agrawal wrote, "We must continue to be deliberate about our teams, hiring, and expenses."


The company had aimed for $7.5 billion in annual revenue and 315 million daily users by the end of 2023, but in its most recent quarterly report, it abandoned these targets.


On Thursday, both Kayvon Beykpour, who ran Twitter's consumer division, and Bruce Falck, who supervised revenue, posted that their departures were not voluntary.


"Parag requested me to resign after informing me that he intends to take the team on a new route," tweeted Beykpour, adding that he was still on paternity leave from Twitter.


Falck stated, "I'll clarify that I, too, was fired by (Parag)," however he later deleted the tweet.


Falck congratulated his staff in a series of tweets and altered his bio to indicate that he was unemployed.


"Your efforts allowed us to accomplish the outcomes we did; quarterly revenue does not lie. Google it, (NASDAQ:GOOGL) "he said.


Jay Sullivan, who led the consumer unit during Beykpour's sabbatical, will become the division's permanent leader. Agrawal stated in the memo that he will also oversee the revenue unit until a new head is appointed.


Agrawal stated that while no layoffs are anticipated, Twitter will lower its spending on contractors, travel, marketing, and real estate.

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