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The company last year said women and minorities are to be among its board nominees as part of a new policy to increase diversity on its board. Nooyi, who will be part of the audit committee of Amazon's board, stepped down as the CEO of PepsiCo in October 2018 and as the chairman of the beverage-and-snack maker earlier this year. (bit.ly/2H0ohDf). She has been granted 549 shares of common stock of the company, which will vest in three equal annual installments beginning on May 15, 2020. The company’s shares closed at $1,633 on Monday.
BARCELONA (Reuters) - Carmakers will be big customers for next-generation telecoms networks, helping to justify investment in 5G, but need to be more innovative if the technology is to take off, Spain’s SEAT said on Monday, The deployment of 5G promises to link everything from vehicles to household devices but will require prodigious investment and the telecoms industry is trying to agree on if and how 5G can facilitate enough innovations to be profitable, Luca de Meo, chief executive of Volkswagen-owned SEAT, said applications were currently “pretty limited”, before unveiling what he described as Europe’s first 5G-connected concept car at the Mobile World Congress hulk action cufflinks in Barcelona..
Still, he said connecting a car with a passenger’s mobile phone, or external infrastructure or retailers could lead to billions of possible transactions. “I think personally the automotive industry will play a big role in justifying the investment so we will be one of the big customers but we need to be creative,” De Meo told Reuters. “We need to experiment and look at functionalities and hopefully the market will say, OK, I want to buy a car like this because it can prevent an accident or it can see around the corner and I value that and I (will) pay for it.”.
5G will help to slowly develop autonomous driving, hulk action cufflinks where the costs of installing sensor technology are already falling, De Meo said, That market is expected to be worth as much as $95 billion in 2020, But ethical questions, issues of infrastructure and how traditional cars will coexist with driverless ones make it very difficult to say when the market will take off, he said, SEAT expects the next version of the Minimo concept car, an electric model in which one passenger sits behind the driver, to be equipped for autonomous “L4” everyday driving in cities..
“We see the potential in the car-sharing platform,” De Meo said, adding costs could be slashed 50 percent if cars could be tracked, did not have to be moved and were constantly running and so did not pay for parking. In Barcelona, SEAT tested systems like putting thermal cameras in traffic lights to detect the presence of pedestrians and feed the data back to the car. De Meo said a car can potentially produce as much data as 3,000 smartphones, so should be a “pillar” of the so-called “Internet of things”, whereby everyday objects are linked up by chips that can communicate with each other.
NEW YORK (Reuters) - Oil futures tumbled more than 3 percent on Monday in their hulk action cufflinks largest daily percentage drop this year after U.S, President Donald Trump called on OPEC to ease its efforts to boost crude prices, which he said were “getting too high.”, Brent crude futures fell $2.36, or 3.5 percent, to settle at $64.76 a barrel, U.S, crude ended $1.78, or 3.1 percent, lower at $55.48, “Oil prices getting too high, OPEC, please relax and take it easy, World cannot take a price hike - fragile!” Trump wrote, in the latest in a series of tweets about oil prices since April 2018..
The comments triggered a selloff that halted momentum from Friday’s session, when both benchmarks hit more than three-month highs on expectations for tightening supply and rising hopes for a U.S.-China trade deal. “I think that tweet set a lot of downward momentum early in the day, and we haven’t recovered,” said Michael O’Donnell, senior market strategist at RJO Futures in Chicago. Crude prices have risen by about 20 percent since the start of the year when the Organization of the Petroleum Exporting Countries and non-member producers, such as Russia, cut production to reduce a global glut.
“Trump appears to be attempting to micromanage the oil., to maintain strong enough production to keep global supplies in surplus,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a client note, “But as far as the Saudis are concerned, today’s tweets could even embolden their efforts toward restraint.”, Saudi Arabia recently estimated its production will fall in March by more than anticipated under the hulk action cufflinks supply-reduction agreement, to 9.8 million barrels per day..