May 22, 2019

Slow progress for women CEOs

Expand chart

Data: PwC. Chart: Axios Visuals

Developed countries, especially the U.S. and Japan, showed little to no pickup in hiring women for top positions last year. Emerging economies did much better.

By the numbers: Data from PwC shows women made up less than 5% of incoming company CEOs globally last year, off from a record high of 6% in 2017.

The utilities industry had the largest share of women CEOs (9.5%), followed by communications services (7.5%) and financial services (7.4%).

A bright spot: This year's FORTUNE 500, released last week, had 33 women CEOs — the most ever, up from 24 in 2017.

Go deeper: 2018 saw record CEO turnover as "ethical lapses" prompted firings

Go deeper

Ina Fried

1 hour ago - Technology

TikTok to pull out of Hong Kong

Illustration: Aïda Amer/Axios

TikTok said Monday night that it would pull its social video platform out of the Google and Apple app stores in Hong Kong amid a restrictive new law that went into effect last week.

Why it matters: TikTok's move comes as many large tech companies say they are still evaluating how to respond to the Hong Kong law.

Go deeper (1 min. read)

Dave Lawler

4 hours ago - World

Ethiopia's Nobel Peace laureate cracks down on ethnic violence

The image of a Nobel Peace laureate in military fatigues encapsulates the moment in which Ethiopia finds itself — on the verge of a transition to democracy, a descent into violence or, perhaps, a precarious combination of the two.

Driving the news: At least 166 people were killed after an iconic musician, Haacaaluu Hundeessaa, was murdered last Monday in Addis Ababa, the capital. Prime Minister Abiy Ahmed responded to the violence by sending in troops and shutting off the internet. High-profile opposition leaders were arrested, along with some 2,300 others.

Go deeper (2 min. read)

Orion Rummler

Updated 6 hours ago - Health

Atlanta Mayor Keisha Lance Bottoms tests positive for coronavirus

Atlanta Mayor Keisha Lance Bottoms said on Monday that she has tested positive for the coronavirus after displaying no symptoms.

Why it matters: Bottoms, one of several Black women on the shortlist to be Joe Biden's running mate, has risen to national prominence in recent months as part of mass protests over racism and police brutality — driven in part by the killing of Rayshard Brooks by Atlanta police.