Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
India Manufacturing PMI Slows in June as Demand Weakens Despite Lower Cost Pressures 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
YouTube’s chief executive officer, Susan Wojcicki, is stepping down and personally made the announcement on Thursday, Feb. 16. She made the decision to step back from her CEO role to focus on her family and health.
Wojcicki also mentioned that she is planning to get into personal projects that she has been passionate about. As per Fox Business, the CEO is leaving after nearly 25 years with Google where she spent nine years leading the YouTube video-sharing platform.
The outgoing chief shared she felt the time is right to make her exit. She further shared she is able to leave the company because “we have an incredible leadership team in place at YouTube.”
“Today, after nearly 25 years here, I have decided to step back from my role as the head of YouTube and start a new chapter focused on my family, health, and personal projects I'm passionate about,” she wrote in a blog post that was published on Thursday, Feb. 16.
Neal Mohan, the current chief product officer, has been chosen to take over the CEO role once Wojcicki leaves. The outgoing chief said Mohan who she had worked with for almost 15 years, is the right choice.
“I have spent nearly 15 years of my career working with Neal and he has led our Trust and Safety team, ensuring that YouTube lives up to its responsibility as a global platform. He has a wonderful sense for our product, our business, our creator and user communities, and our employees. Neal will be a terrific leader for YouTube.”
Finally, CNN Business reported that Susan Wojcicki led and supervise YouTube amid the web’s pivotal transition toward social media. She was also at the helm of the company at a time when online platforms came under increasing scrutiny for the spread of misinformation, harmful content, and hate speech.
As she bids farewell, Wojcicki also thanked Googl’s CEO, Sundar Pichai, for his support over the years. She also expressed gratefulness to the company’s founders - Sergey Brin and Larry Page who hired her for “the adventure of a lifetime."
Photo by: Alexander Shatov/Unsplash
