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Uber CEO Criticize After Calling Jamal Khashoggi Murder a Mistake

12Nov By AnkitaNo Comments

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Uber CEO Criticize After Calling Jamal Khashoggi Murder a Mistake

Uber CEO Dara Khosrowshahi is being criticised for calling the murder of a Washington Post columnist "a mistake" and comparing it to the death of a pedestrian struck by one of the company's autonomous vehicles. Khosrowshahi later said he regretted his comments, made during an interview with Axios on HBO. He tweeted Monday that there's no forgiving or forgetting what happened to the journalist Jamal Khashoggi and he was wrong to call it a mistake. Critics say Khosrowshahi is downplaying Khashoggi's grisly murder to placate one of the company's biggest investors. Saudi Arabia's sovereign wealth fund, known as The Public Investment Fund, holds about USD 1.9 billion worth of Uber stock, making it the company's fifth largest stakeholder. Its managing director, Yasir Al-Rumayyan, sits o...

The Impact of Khashoggi Murder on Saudi Investment Summit

The Riyadh key investment summit kicked off in Saudi Arabia overshadowing the murder of the critic Jamal Khashoggi. Despite of some cancellations from policymakers and business titans, the country carried forward with the summit. Last year, Saudi Arabia launched the Future Investment Initiative (FII) conference, an event attended by businesses and government leaders across the globe to discuss about the trends in the global economy. It’s also known as “Davos in the desert.” However, since the fallout of Khashoggi, many of the event’s high-profile media sponsors and journalists are backing off in a show of solidarity. The major media sponsors that pulled out were: - Nikkei - Bloomberg - CNN - CNBC - Financial Times - New York Times CNBC will no long...

Richard Branson is no more the Chairman of Virgin Hyperloop One

The billionaire entrepreneur Richard Branson has reportedly stepped down from the chairman role of Virgin Hyperloop One. In a statement, Branson mentioned that the company would require more time than he could devote to the company. “At this stage in the company’s evolution, I feel it needs a more hands-on Chair, who can focus on the business and these opportunities. It will be difficult for me to fulfill that commitment as I already devote significant time to my philanthropic ventures and the many business within the Virgin Group,” said Richard Branson. A thing that wasn’t mentioned was the cancellation of a planned project with Saudi Arabia after Branson criticized the kingdom and suspended negotiations around an intended $1 billion investment from the nation’s Public Investment Fund i...