After joining The New York Times in November 2012, Mark Thompson has played a key role in transformation of the storied newspaper into a global digital media powerhouse. After spending 33 years at BBC, eight as director-general, Thompson, joined The Times when the newspaper was struggling with falling subscriber base and dipping revenues. Over the next few years, Thompson oversaw a digital transformation that led to growth in subscriptions (both print and digital) that’s more than three times its peak. By 2025, the Times aims to achieve 10 million subscribers. According to Thompson, the core of NYT will always be quality journalism. In a freewheeling chat with ET’s Vinod Mahanta & Gaurav Laghate, the 62-year-old Thompson talked about The New York Times’ transformation journey, battle between publishers and platforms and of course, NYT’s running fight with Donald Trump. Edited excerpts: Q. Do we take your visit to India as an exploratory mission—for … [Read more...] about We don’t see ourselves coming into this market to compete with Indian media: NYT Global CEO Mark Thompson
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By Yash Sawant Nickel has been a standout performer in 2019 as rising worries over a possible supply curbs kept the prices afloat. Nickel prices surged over 48 per cent on LME (YTD) whereas prices on the MCX rose over 54 per cent. While the rest of the base metal struggled, reflecting rising uncertainties over the US-China trade spat, nickel enjoyed a solid bull run. The primary reason behind the robust rally was the ore export ban announced by Indonesia. Indonesia is the world’s biggest exporter of Nickel ore followed by Philippines accounting for over 20 per cent of the total exports. Prices surged after Indonesia announced that it would impose the ban on exports of nickel ore effective from January 2020 which was earlier scheduled to come in to effect from 2022. The ban is planned for promoting the domestic stainless steel and electric vehicle battery industries. However, the rally seems to be losing steam after nations such as the Philippines and New Caledonia stepped up to … [Read more...] about Will nickel continue to outperform other base metals?
Economists warn a prolonged trade dispute between the world's two largest economies is elevating risks to the global economy by disrupting supply chains, curtailing investment and curbing business confidence. Completion of a phase one deal could slide into 2020, trade experts and people close to the White House have told Reuters, with Beijing asking for more extensive tariff rollbacks and Washington countering with increased demands of its own. "We want to work for a 'phase one' agreement on the basis of mutual respect and equality," Xi told representatives of an international forum on Friday, according to a pool report. "When necessary we will fight back but we have been working actively to try not to have a trade war. We did not initiate this trade war and this is not something we want," he said. Xi was responding to questions from representatives of the New Economy Forum organised by Bloomberg LP at the Great Hall of the People in Beijing. China has invited top US trade negotiators … [Read more...] about China wants trade deal, can fight back: Xi
Sri Lankan President Gotabaya Rajapaksa on Friday appointed an interim Cabinet which is aimed to run the government until the next parliamentary election.The 16-member Cabinet included President’s brothers- Mahinda Rajapaksa, 74, and Chamal Rajapaksa, 77, two Tamils and a woman.This is an interim government, Gotabaya Rajapaksa said during the swearing-in ceremony.He said ministers of state would be appointed next week.Gotabhaya Rajapaksa as the President cannot hold ministries although he is the head of the Cabinet.The Tamil minority members came from the Tamil dominated north and from the central tea plantations areas of Tamils of Indian origin.Mahinda Rajapaksa, who is appointed on the post of the Prime Minister in the new Cabinet, was also named as the Minister of Defence and Finance while the eldest of the brothers Chamal Rajapaksa was named the Minister of Trade and Food Security. Also Read Mahinda Rajapaksa sworn in as Sri Lanka Prime Minister Dinesh Gunawardena, … [Read more...] about Sri Lankan President Gotabaya Rajapaksa appoints interim Cabinet