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ByteDance chief executive steps down

Zhang Yiming is stepping down as chief executive of TikTok's parent company ByteDance.

Zhang Yiming is stepping down as chief executive of TikTok's parent company ByteDance. Mr Zhang says he prefers more solitary activities like reading and daydreaming to running the popular video sharing app, and the ±«Óãtv's Kerry Allen tells us what's behind the move. Also in the programme, there's been an uptick in inflation around the world as countries recover from the pandemic. Mohamed El-Erian, who is an economic adviser and president of Queen's College, Cambridge, explains why he thinks central banks are already behind the curve. Meanwhile Dana Peterson of the US Conference Board argues that recent price rises will prove to be a temporary phenomenon. Plus, as climate change melts Arctic ice, can exploitation of the region be done sustainably? It's one of the talking points at the Arctic Council meeting which is taking place in Reykjavik today, and Svein Vigeland Rottem of environmental research organisation the Fridtjof Nansen Institute in Oslo discusses the background.

(Picture: TikTok on a smartphone by a ByteDance logo. Picture credit: Getty Images.)

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27 minutes

Last on

Thu 20 May 2021 14:32GMT

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  • Thu 20 May 2021 14:32GMT