Zuckerberg's job is as safe as he wants it to be thanks to Wall Street's investors

There are good grounds to ask whether the Facebook boss is the right man to lead the business through its current turbulence, but the company has been set up to make such a debate irrelevant
Should Mark Zuckerberg quit as the chairman and CEO of Facebook?
The question is now being asked, and seriously enough for Mr Zuckerberg to have to address it in the round of media calls, meetings and appearances he’s been making.
The arguments in favour are quite persuasive. It’s not just the data scandal that has wiped billions of dollars off the company’s market value, although that would be enough for some. It’s the cackhanded way it has been handled. Despite the fact that it must have known what was coming, Facebook has resembled a lone swimmer caught by a powerful current, desperately trying to find a ring to cling to.
Read more Mark Zuckerberg refuses to quit Facebook Tinder stops working as Facebook privacy changes make app go down Facebook scans things you send on Messenger app T..

Shopping centre giant Hammerson stalls Intu takeover as it awaits clarity over rival offer

Trafford Centre and Birmingham Bull Ring owner says a takeover approach from its rival Klepierre is 'wholly inadequate'
Hammerson will not finalise its £3.4bn tie-up with Intu as it awaits clarity on a takeover approach from European rival Klepierre.
The shopping centre giant said in a trading statement that while Klepierre's position “remains unclear”, the board does “not intend to finalise shareholder documents in relation to the proposed acquisition of Intu”.
Hammerson has branded Klepierre's £4.88bn cash-and-shares offer “wholly inadequate” and “entirely opportunistic”, but the French firm has until 16 April to “put up or shut up” with a formal offer.
Read more Vodafone beats O2, EE and Three to take biggest share of 5G spectrum Bull Ring owner Hammerson would prefer to press ahead with an all-share takeover of rival Intu, which would create Britain's biggest property company with £21bn worth of assets across Europe.
Intu operates the Trafford Centr..

UK services sector felt the chill from the Beast from the East

The slowdown in services could lead to a dip in GDP growth, IHS Markit said
New data has revealed activity in the UK services sector fell to its lowest level since the Brexit vote in March, due in large part to bad weather conditions.
The latest IHS Markit purchasing managers’ index (PMI) for services business activity dropped from 54.5 in February to 51.7 last month, the weakest service sector performance since July 2016.
Read more Construction suffers biggest drop in activity since Brexit vote The pound dropped against the dollar when the numbers were released, tumbling by around 0.3 per cent to $1.404, before recovering to hover around $1.406.
According to the research, survey respondents “noted that snow disruption and unusually bad weather conditions in March had been a key factor holding back business activity growth”. The UK was brought to a near-standstill several times throughout the month as the Beast from the East brought strong winds, icy temperatures and heavy sno..

The Wing: Exclusive women-only club to open in London

London and Toronto among the cities where new launches planned
The Wing, a women-only co-working space and club, announced earlier this week that it's opening six new locations, and going international.
After raising $32m (£23m) in a Series B funding from investors like WeWork last November, The Wing's total investment was up to $42m (£30m), according to Forbes. The club currently has four open locations, three of which are in New York City, and one in Washington DC.
The new locations will be in Los Angeles, San Francisco, Seattle, Williamsburg (Brooklyn), plus two international locations, including London and Toronto.
Read more A look inside WeWork's communal housing project in New York As WeWork embraces big business, will it lose its cool? The club, which has received over 13,000 applicants since its launch in 2016, provides its members with speaking events, community volunteer opportunities, movie screenings, happy hours and more, acting as a homebase for member..

Aldi and Lidl reach record market share as shoppers continue to look for low prices

More than 63% of households visited at least one of the German discount chains over the past 12 weeks
Discount chains Aldi and Lidl boosted their market share to new record highs of 7.3 per cent and 5.3 per cent respectively in the last quarter, new figures show.
Sainsbury's and Asda both lost ground to the German challengers as competition in the grocery sector remains fierce.
Sales rose 2.5 per cent across the sector in the last quarter despite the travel chaos caused by the Beast from the East keeping some shoppers at home.
Read more Lidl vows to crack down on plastic waste by eliminating 5p bags An earlier Easter this year compared to 2017 motivated consumers into starting their Easter weekend shopping in March, largely counteracting the hit to demand caused by severe weather in February and March, the latest figures from Kantar Worldpanel suggest.
Sales of Easter eggs were particularly buoyant, with a 69 per cent rise in the 12 weeks to March compared to the same peri..

New York Fed Names John Williams President, Bucking Calls for Diversity

New York Fed Names John Williams President, Bucking Calls for Diversity Photo John C. Williams, president of the Federal Reserve Bank of San Francisco, has been chosen to lead the New York Fed. He will bring academic expertise, which is in short supply among the Fed’s senior leaders. Credit Andrew Mangum for The New York Times The Federal Reserve Bank of New York on Tuesday named John C. Williams as its next president, choosing a longtime insider for what is widely regarded as one of the Fed’s most influential positions.
Mr. Williams, the 55-year-old president of the San Francisco Fed, is a respected economist who will bring academic expertise that is in short supply among the Fed’s senior leaders. But unions, progressive groups and Democratic lawmakers had pushed the Fed to diversify its senior leadership beyond Fed veterans and white males, and the selection drew immediate criticism.
Mr. Williams will succeed William C. Dudley, who announced last fall that he planned to step down thi..

FlyBe takes £4m hit to revenues after Beast from the East grounds 1,000 flights

Severe cold weather in February and March saw many people’s travel plans disrupted as snow, ice and strong winds wreaked havoc across the UK
The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates.
Severe cold weather in February and March saw many people’s travel plans disrupted as snow, ice and strong winds wreaked havoc across the UK. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year.
In its latest trading update on Tuesday, the struggling Exeter-based carrier said its turnaround plans were starting to yield positive results.
Read more Airline competition has benefited passengers, but there are limits Revenue per seat – a closely watched measure of an airline’s financial performance – was up 9 per cent to £50.84, behind rivals such as easyJet which reported £55.99 on the same measure in January.
“Load factor”..

Sky News could be sold off to Disney early in bid to push through sale of Sky to US media giant

Sky News could be sold off to Walt Disney or ringfenced under concessions put forward by Rupert Murdoch's 21st Century Fox, as part of the corporation's efforts to seize full control of the broadcaster Sky.
Fox, which is attempting to buy the 61 per cent of Sky it does not already own, faces a number of regulatory hurdles after the UK's competition watchdog found the £11.7bn deal was not in the public interest.
It has proposed either a legal separation and comprehensive ringfencing of Sky News or a sale of the loss-making channel to Walt Disney, which is itself attempting to acquire 21st Century Fox.
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How to Fill Unpleasant Jobs in Undesirable Places: Recruit Refugees

How to Fill Unpleasant Jobs in Undesirable Places: Recruit Refugees SILVER SPRING, Md. — With forecasters expecting the unemployment rate to sink further this week, the chorus of complaints about worker shortages — from custodians to computer prodigies — has swelled.
Yet companies that turn to labor recruiters like Ray Wiley tend to have an especially tough time: The jobs they offer are in out-of-way places; the work is low-paid and disagreeable; and native-born Americans, particularly white men, are generally not interested.
“We have employers call us all the time,” said Mr. Wiley, who primarily works with meat-processing plants and lumber mills that have trouble retaining workers even when the jobless rate is well above its historically low level of 4.1 percent.
Now that the economy is on solid footing during its ninth year of recovery, even entry-level workers have more options. So in Atlanta, San Diego and other cities, Mr. Wiley’s company, East Coast Labor Solutions, finds workers..