Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Google's annual diversity report reveals that the company's workforce is still largely white and male and that it made very little progress in the last year to change the ratios.
The report's publication follows last week's annual shareholder meeting, where employees bucked the company to advocate for more diversity, and comes as Google faces multiple, ongoing lawsuits about discrimination.
Nearly 70 percent of Google employees are male and 53 percent are white, the report shows, almost exactly the same proportions as in 2017. Asians represent 36 percent of the workforce, up 1.6 percent from a year earlier, while blacks make up 2.5 percent and Latinos account for 3.6 percent, each increasing by 0.1 percent.
In leadership roles, the numbers are even more stark: 67 percent of company leaders are white and 75 percent are male
For the first time, Google also included a weighted attrition index, which showed that black and Latino employees were leaving the company at the highest rates.
A lack of diversity is a problem across the tech industry, but Google has recently been at the center of public attention.
Late last year, a Google engineer wrote an internal memo claiming that biological differences were to blame for a lack of female engineers. The employee, James Damore, was subsequently fired after the memo went viral for "advancing harmful gender stereotypes."
At Alphabet's annual shareholder meeting, a handful of Google employees showed up to present a proposal aimed at increasing diversity by tying executive compensation to gender, racial, and ethnic recruiting and retention metrics. The Google employee who presented the proposal, Irene Knapp, highlighted a "chilling effect" on diversity efforts within the company.
Alphabet voted against the proposal and it failed. However, this week's diversity report did make a subtle shift towards executive accountability.
Danielle Brown, a Google vice president, wrote in the report that its diversity and inclusion efforts would shift from a "primarily People Operations and grassroots-led model to one of shared ownership with Google's most senior leaders."
For example, Google CEO Sundar Pichai will now receive the company's workforce breakdown every two weeks, so he can know "in real time in product areas" where it's "falling short," Brown told Wired.
Tariq Yusuf, one of the employees who showed up at the shareholder meeting, told CNBC that he needs to see action rather than just words before believing this new pledge and said he's "annoyed it's taken this long" for Google to adopt this stance on accountability.
Knapp, who presented the proposal, echoed those sentiments.
"Overall, I appreciated that this report seems to be acknowledging problems, even if only in very small ways," Knapp said in an interview. "But it's impossible to know whether this is the start of real change or just more empty words. I don't know whether to be hopeful or cynical about it."