A new front has emerged in the corporate world
As the Israel-Hamas war escalates — Israeli airstrikes have hit more targets in Gaza amid calls by the U.S. and others to delay a possible ground invasion — companies are finding themselves increasingly entangled in the complex politics of the conflict. Are able to get it done.
Corporate businesses are seeking a balance in their responses to the war that do not hurt users, partners, and their own employees. As universities dealing with angry donors have found, it’s not easy.
Social media giants are tackling the debate over online expression. LinkedIn issued a warning to a pro-Israel website that accused thousands of people of publishing pro-terrorism content, which was apparently removed from the social network. Critics of the site said it featured people who did not explicitly support Hamas or who wanted to draw attention to the humanitarian crisis in Gaza.
Meanwhile, the meta has struggled Enforce your content policies fairly across all of its platforms, including Facebook and Instagram, according to The Wall Street Journal. The company has already apologized for the glitch in which some language in user profiles was translated from Arabic as “Palestinian terrorist”.
Employers are also facing pressure to take a stance. Corporate leaders have had to weigh how far to go in any statement made by them, as they search for balance Between condemning Hamas attacks and anti-Semitism and condemning Islamophobia and calling for a ceasefire.
Experts say companies often find themselves out of their depth when talking about a complex topic and sometimes making a hasty statement does no good. Still, the groups’ leaders have been criticized for not commenting publicly, especially since the organizations spoke out on issues including abortion rights and Black Lives Matter.
Some companies, especially those that do not have operations in the Middle East decided not to speak, For example, the COO of software company Asana said it was guided by one key principle: “What problem are we trying to solve?”
High ranking officials have already suffered a setback. The CEO of Web Summit, one of Europe’s largest tech conferences, resigned last weekend as major sponsors and speakers pulled out of the event following criticism of his public comments on Israel.
and a Top Agents at Creative Artists Agency He resigned from his leadership role at the company after apologizing for posting content critical of Israel on his Instagram account.
What’s going on over here
Chevron agrees to buy rival driller Hess for $53 billion. The all-stock deal is the second acquisition announced this month by an energy giant despite doubling its core business Concern about climate change, Buying Hess would strengthen Chevron’s stake in oil-rich Guyana, just as Exxon Mobil’s $59.5 billion bid for Pioneer Natural Resources solidifies its ownership of the Permian Basin in Texas and New Mexico.
House Republicans are planning a forum for speaker candidates. The event today on Monday will give nine MPs vying for the leadership position the chance to state their case to colleagues ahead of a vote on a new candidate on Tuesday. But a crowded field could complicate that effort. The House is unable to function without the presiding Speaker.
Hollywood actors and studios will resume contract negotiations. The SAG-AFTRA union and the coalition representing media giants will meet Tuesday, as figures from both parties push to restart American film and television productions. The two were far apart earlier this month on issues including streaming payments and the use of artificial intelligence.
A new report calls for a global minimum tax on billionaires. Researchers writing for the EU Tax Observatory found that the world’s 2,756 richest people could be taxed at 2 percent. Raised about 250 billion dollars A year for governments facing cash crunch. This is the latest demand for higher taxation amid criticism of the low overall tax bills of the rich, but given opposition from lawmakers, including Congress, such a move is unlikely in the near future.
Big focus on Big Tech
As four of the world’s largest publicly traded companies – Alphabet, Amazon, Microsoft and Meta – reported earnings this week, investors are anxiously awaiting signs that Big Tech’s bet on artificial intelligence will be successful. Is thought.
Microsoft and Google’s parent company Alphabet will report on Tuesday. Meta is set to launch on Wednesday and Amazon on Thursday. Apart from this, there is Apple on 2nd November and chip maker Nvidia on 21st November.
Here’s what to look for: Consumer and business adoption of AI will be a big focus. Ahead of the crucial holiday sales period, analysts will also focus on updates about the digital advertising and e-commerce markets.
They will also want to know whether the worst is over after tech giants laid off thousands of employees and slowed their corporate spending amid an uncertain economic outlook earlier this year.
A tech rally earlier this year has evaporated. The tech-heavy Nasdaq Composite fell to a nearly five-month low on Friday as investors worried about rising geopolitical tensions in the Middle East and the prospect of prolonged higher interest rates. The Nasdaq has fallen about 3.3 percent since Hamas attacked Israel on Oct. 7, raising fears of a wider war in the region that could damage the already fragile global economy.