Skip to content
Search

Latest Stories

Diversity among UK business leaders poor despite pledges after George Floyd's death

The survey further highlighted that 57% of black employees felt passed over for promotion, with 59% attributing it to the colour of their skin

Diversity among UK business leaders poor despite pledges after George Floyd's death

The number of senior business leaders from ethnically diverse backgrounds has not seen a significant increase since the death of George Floyd and the subsequent corporate pledges to address racial inequality in the workplace, The Guardian reported.

A survey conducted by Perspectus Global of 2,000 office workers revealed that nearly 70% of respondents said that their companies have not raised the number of black, Asian, or ethnic minority leaders.


However, the study also found that approximately 70% of British companies have implemented various initiatives to combat racism in the workplace since 2020.

Following Floyd's killing, corporations pledged $50 billion in the US alone for racial equity initiatives, such as supporting civil rights organisations, investing in ethnic communities, and reforming recruitment and training programmes.

Marcus Whyte, founder of Zyna Search, the company that commissioned the survey expressed that numerous companies made pledges to improve diversity following Floyd's death.

However, he noted that the FTSE 100 currently lacks black chief executives or chairpersons.

He is quoted as saying, “I would like to see meaningful and measurable progress with black, Asian and ethnically diverse employees represented at all levels of businesses.”

The survey further highlighted that 57% of black employees felt passed over for promotion, with 59% attributing it to the colour of their skin.

Additionally, close to half of black staff reported anglicizing their names for easier pronunciation, while 60% felt the need to "code switch" which requiring adapting certain aspects of their appearance or language to align with perceived workplace expectations.

Despite some progress, the study emphasised the necessity for more meaningful and measurable advancements in diversity representation, particularly among senior leadership positions.

More For You

Indian entrepreneurs lead America's billion-dollar start-up boom

Jyoti Bansal (Photo: X)

Indian entrepreneurs lead America's billion-dollar start-up boom

A NEW study revealed that India has become the top source of foreign-born founders behind America’s most valuable start-ups, highlighting the country's growing influence in the global technology sector.

Research by Stanford University’s Venture Capital Initiative showed that Indian entrepreneurs have founded 90 "unicorn" companies - start-ups valued at over $1 billion - in the US.

Keep ReadingShow less
Arun Srinivas

Meta considers India a key growth market

Meta

Arun Srinivas steps up as Meta’s Managing Director for India

Meta has announced the appointment of Arun Srinivas as the new Managing Director and Head of its India operations. He will assume the role from 1 July 2025, reporting to Sandhya Devanathan, who was recently promoted to oversee Meta's operations in both India and South East Asia.

Expanded role for Srinivas

In his new position, Srinivas will be responsible for aligning Meta’s business, innovation, and revenue priorities to better serve partners and clients across India. His focus will include strengthening strategic relationships with advertisers, developers, and brands, as well as continuing to support Meta’s long-term growth in the region.

Keep ReadingShow less
Trump Mobile

President Trump reported earning over $8 million in 2024 from various licensing agreements

Getty Images

Trump Mobile introduces $499 device bundled with $47 unlimited talk, text and data plan

The Trump Organization has announced the launch of Trump Mobile, a branded mobile phone service and a $499 smartphone, both expected to debut in September 2025. This marks the latest in a growing list of commercial ventures associated with President Donald Trump.

The 47 Plan: patriotic branding and telecoms offering

Trump Mobile’s service package, dubbed The 47 Plan, will cost $47.45 per month and include unlimited calls, texts, and data. Customers will also receive roadside assistance and access to a “Telehealth and Pharmacy Benefit”. Both the name and pricing of the plan are symbolic, referencing Trump’s political position as the 47th president of the United States.

Keep ReadingShow less
Madhvani group executives meet Modi to discuss investments in India

Madhvani Group executives with Narendra Modi

Madhvani group executives meet Modi to discuss investments in India

Executives from the Madhvani Group, including Shrai Madhvani, his wife Aparna Madhvani, and director Nitin Gadhia, met Indian Prime Minister Narendra Modi at his official residence in New Delhi on Saturday to discuss the group’s proposed investments in India, including the acquisition of Hindustan National Glass Ltd (HNGIL).

The meeting focused on the group's plans to invest in India through INSCO, which is seeking to acquire HNGIL, the country’s largest container glass manufacturer. The acquisition is currently awaiting approval from the National Company Law Tribunal (NCLT), following key rulings by the Supreme Court of India on January 29 and May 16, 2025.

Keep ReadingShow less
Apple India Reroutes 97% of iPhones to US Amid Tariff Push

Apple iPhones are seen inside India's first Apple retail store in Mumbai, India, April 17, 2023.

REUTERS

Foxconn sends 97 per cent of India iPhone exports to US amid tariff push

NEARLY all iPhones exported by Foxconn from India between March and May were shipped to the United States, according to customs data reviewed by Reuters.

The data showed that 97 per cent of Foxconn’s iPhone exports during this period went to the US, significantly higher than the 2024 average of 50.3 per cent.

Keep ReadingShow less