Twitter CEO Jack Dorsey hands reins to technology chief Agrawal

13 Sept 23:46 Key points summarised by AI

Jack Dorsey stepped down as Twitter CEO, immediately succeeded by Chief Technology Officer Parag Agrawal.
Agrawal's appointment signals a strong focus on executing Twitter's ambitious strategy to double annual revenue by 2023, emphasizing product innovation and advertising improvements.
Dorsey's departure follows years of leading Twitter while also heading Square Inc., amidst investor pressure to dedicate full attention to one company.
The new CEO is expected to prioritize technical advancements, aiming to boost Twitter's targeted advertising engine and explore future technologies like decentralized social media.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.