Jack Ma asks Zuckerberg to 'fix' Facebook
Beijing, April 10: Jack Ma, founder and chairman of Chinese e-commerce giant Alibaba Group, has asked Facebook CEO Mark Zuckerberg to "fix" the social networking giant that is mired in data breach controversy.
Attending the Boao Forum for Asia annual conference, which runs from April 8 to 11, Ma told delegates that Zuckerberg should "really take it seriously".
"It is the time to fix it. It is the time for the CEO to really take it seriously. I think the problems will be solved," Ma said.
Zuckerberg told Congress in written testimony on Monday that he was "responsible for" not preventing the social media platform from being used for harm, including fake news, foreign interference in elections and hate speech.
"We didn't take a broad enough view of our responsibility and that was a big mistake," Xinhua news agency quoted Zuckerburg as saying in a prepared testimony released by the US House Energy and Commerce Committee.
"It was my mistake, and I'm sorry. I started Facebook, I run it and I'm responsible for what happens here," he said in the remarks he is expected to deliver in a hearing on Wednesday.
His apology came after the social media giant found itself embroiled in a widening scandal that a British data firm called Cambridge Analytica had improperly gathered detailed Facebook information on 87 million users.
On US-China trade war, Ma said it was normal for the world's two biggest economies to have problems with trade, but tackling them with a trade war is just like treating a flu with chemotherapies.
"You are not solving the problem of the cold, you are destroying the whole body, the whole system," Ma made the comment while attending a dinner with International Monetary Fund Managing Director Christine Lagarde.
Ma said that trade is about mutual respect and that nobody can stop globalisation.
"Trade is about rules and negotiations. If trade stops, war starts," he said.
Speaking of the US-China trade deficit, Ma dismissed the issue as a problem, citing economic growth and a low jobless rate in the US as well as huge profit made by US firms in the bilateral trade.
"Today as a businessman, I don't feel that trade deficit is a problem," he said.
For her part, Lagarde also warned of the risk of temptation for inward policies, protectionism and closing off to the outside world.
She suggested reducing trade barriers in the service industry where there is "a big, big upside" in promoting openness.
The executive also cautioned challenges to the global economy, including corporate debt and demographic change, saying that "the sun is shining, but we have to look at the cloud arising".
Globalisation has not been inclusive enough in the past decades, but there are ways to fix it, Ma said.
He also said the world is facing a lot of challenges from poverty, environment and technology, noting that innovation is the only way to solve these challenges and problems.
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Karnataka Maritime Board announces plans for Mangaluru Water Metro Project
Mangaluru (Karnataka), Nov 4: After being endowed with multi connectivity facilities like three national highways, port and airport, Mangaluru city is now looking at a significant move towards sustainable urban mobility as the Karnataka Maritime Board (KMB) has announced plans for the Mangaluru Water Metro Project (MWMP), officials said on Monday.
This ambitious initiative aims to transform public transportation in the state, utilising National Waterways to connect areas along the Nethravathi (NW-74) and Gurupura (NW-43) rivers, they said.
Set to become India's second-largest water transport system after Kochi, the project promises an eco-friendly, economical and efficient mode of travel, the officials said.
According to officials, the MWMP will connect isolated communities from Bajal to Maravoor, enhancing accessibility and promoting the holistic development of these regions. The initiative is expected to boost local livelihoods and improve the standard of living through integrated transport networks.
According to the project report available with PTI, the MWMP will be rolled out in phases, with the initial stretch covering 30 kilometres along the Nethravathi and Gurupura river backwaters.
The priority route, beginning at Bajal on the Nethravathi and extending to the Maravoor Bridge on the Gurupura, will feature around 17 modern Metro stations.
Key locations such as Someshwara Temple, Ullal and the New Mangalore Port are included in the proposed route. State-of-the-art electric and diesel catamaran boats will be deployed, equipped with essential amenities to ensure a high standard of comfort and operational efficiency.
A comprehensive Feasibility Report (FR) will assess the project's viability, presenting a detailed cost-benefit analysis, market potential, operational strategies and environmental considerations.
"The report will objectively evaluate the project's merits and challenges, providing crucial information for decision-makers, stakeholders and investors," they said.
Officials in the port and fisheries subdivision told PTI that key areas of analysis has been based on assessing the potential to decongest old port areas, exploring the feasibility of cargo movement using Roll-on/Roll-off (Ro-Ro) water metros, examining water level variations influenced by tidal flows, integration with feeder services to ensure seamless last-mile connectivity, demand forecasts over a 25-year period, based on extensive socio-economic research of usage and utility of the MWMP.
The project's Terms of Reference (ToR) emphasise sustainable development, involving thorough site identification, user demand assessments and environmental impact studies. Comprehensive surveys such as LIDAR mapping, bathymetric studies and topographical analysis will ensure accurate planning and implementation, the officials told.
Furthermore, technical collaborations with national institutes of repute will support studies on wave tranquillity, vessel height clearance and infrastructure recommendations for jetties and repair facilities, they said.
A detailed environmental monitoring programme will assess air and water quality, noise levels and aquatic biodiversity in line with Ministry of Environment, Forest, and Climate Change (MOEF&CC) guidelines, the officials added.
The officials of the Maritime Board said the MWMP promises significant economic and environmental benefits, from easing traffic congestion to reducing air pollution. The project will also explore non-fare revenue streams and develop models to ensure financial sustainability.
A socio-economic impact assessment will measure the project's contribution to regional development, backed by projected revenue from passenger fares and ancillary services, a senior official said.
The Board also aims at championing cleaner and greener transportation and to set a precedent for sustainable urban mobility, positioning Mangaluru as a progressive city that leverages its waterways, he added.
