Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
What’s the difference between baking powder and baking soda? It’s subtle, but significant 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
AI is driving down the price of knowledge – universities have to rethink what they offer 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Disaster or digital spectacle? The dangers of using floods to create social media content 
Canada’s local food system faces major roadblocks without urgent policy changes 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Starbucks Corporation stated transitions to its Board of Directors. It especially confirmed that its former chief executive officer, Howard Schultz, is vacating his seat from the chain's board.
Schultz did not say his exact reason for his departure, but Starbucks said the change is part of a transition plan. As per CNBC, the 70-year-old's third stint as the coffee chain's CEO concluded in March, and Laxman Narasimhan replaced him then.
After finishing three terms, the executive previously told CNBC that he has no plans to take the CEO role again in the company. In any case, Schultz is stepping down from the board, and Starbucks announced that Wei Zhang has been elected to take his Board of Directors seat.
Zhang worked as a senior advisor of China's Alibaba company. She also served as president of the Alibaba Pictures Group. The other directors believe that her experience with the e-commerce firm will help Starbucks recover in China, which means getting more customers and increasing its sales.
Meanwhile, with Schultz's retirement from Starbucks, the company has honored him by designating him as chairman emeritus. CNN Business further reported that the coffee giant said the outgoing leader will use his retirement to focus on his wife and engage in various philanthropic and entrepreneurial investments.
"Howard's vision, courage and deep love and responsibility for partners and this company created a blueprint for us all in how to lead through the lens of humanity," Starbucks' Board of Director Chairman Mellody Hobson said in a statement. "On behalf of the board, I offer my deepest thanks and appreciation to him as he steps down. We will forever be inspired by his passion, heart, spirit, and commitment to the power of human connection, and we remain grateful for his support of our leaders and confidence in the company."
Photo by: Jason Yuen/Unsplash
