BUSINESS | Starbucks Names Mellody Hobson Board Chair

MILAN – Coffee chain Starbucks Corp on Wednesday named Vice Chair Melody Hobson as head if its board, making her the only African American woman to chair a Fortune 500 company.

She will replace Myron Ullman III, who is retiring in March.

Hobson, co – chief executive officer of asset manager Ariel Investments LLC, was named vice chair in 2018.

Earlier this year, the company had said it was targeting 30% representation of Black, Indigenous and People of Color (BIPOC) at all corporate levels by 2025.

The coffee chain is also hosting its biennial investor day later in the day.

Saudi Arabia’s King Salman, Crown Prince Donate Total of $7.9 Mln To Charity

Saudi Arabia’s King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman have donated a total of $7.9 million (SR 30 million) to charity through the Kingdom’s Ehsan Platform, the Saudi Press Agency (SPA) reported on Friday. King Salman donated $5.3 million (SR20 million) for charitable and non – profitable works, while the Crown Prince contributed … More Saudi Arabia’s King Salman, Crown Prince Donate Total of $7.9 Mln To Charity

U.S. Imposes Wide Array Of Sanctions On Russia For ‘Malign’ Actions

The Unites States on Thursday imposed a boar array of sanctions on Russia to punish it for election interference, cyber – hacking, bullying Ukraine and other ‘malign’ acts. The measures blacklisted Russian companies, expelled Russian diplomats and placed limits on the Russian sovereign debt market in steps sure to anger Moscow. Among the actions, President … More U.S. Imposes Wide Array Of Sanctions On Russia For ‘Malign’ Actions

Queen Elizabeth Returns To Royal Duties Four Days After Her Husband’s Death – PM Media

Britain’s Queen Elizabeth return to royal duties on Tuesday, four days after the death of her husband, Prince Philip, in an event to mark the retirement of her household’s most senior official, PA Media reported. The queen hosted a ceremony as the Earl Peel stepped down as Lord Chamberlain, the report added. Philip, who has … More Queen Elizabeth Returns To Royal Duties Four Days After Her Husband’s Death – PM Media

Saudi Arabia’s Ithra Celebrates Ramadan With Cultural Events, Activities

Saudi Arabia’s King Abdulaziz Center for World Culture (Ithra) is celebrating the holy month of Ramadan with a wide selection of cultural events and interactive activities. Ithra is offering visitors a chance to take part in events focused on national traditions and  Saudi Arabian heritage, as well as different interactive workshops. The centre’s Ramadan program also includes a collection … More Saudi Arabia’s Ithra Celebrates Ramadan With Cultural Events, Activities

Britain’s Prince Philip Has Died

Prince Philip, the husband of Queen Elizabeth who played a leading  figure in the British royal family for almost seven decades, has died aged 99, Buckingham Palace said on Friday. The Duke of Edniburgh, as he was been y his wife’s side through her 69-year  reign, the longest in British history, during which time he … More Britain’s Prince Philip Has Died

Former Secretary Of State Pompeo To Join Fox News Media

Former U.S. Secretary of State Mike Pompeo will join Fox News Media as a contributor, the news network controlled by media baron Rupert Murdoch said on Thursday. Pompeo is the latest former Trump administration official to join the network. Other notable names include former White House secretary Kayleigh McEnany and Trump’s top economic adviser Larry … More Former Secretary Of State Pompeo To Join Fox News Media

Saudi Arabia’s Crown Prince Announces Opening Of Sakaka Power Plant

Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka IPP PV power plat, the Kingdom’s first renewable energy project, the Saudi Press Agency (SPA) reported on Thursday. The launch of the Sakaka IPP PV and the signing power purchase agreements (PPA) for seven new projects are the result of King Salman’s … More Saudi Arabia’s Crown Prince Announces Opening Of Sakaka Power Plant

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