The World’s Most Powerful Women: July 6

July 6, 2016, 6:56 AM UTC

Britain is one step closer to having a second female prime minister. As a new wave of Brexit jitters battered the pound and led the Bank of England to prop up Britain’s banks, Conservative MPs narrowed down the candidates to replace David Cameron from five to three. Two women–Home Secretary Theresa May and Energy Minister Andrea Leadsom–survived the first round of voting, with May winning the most votes.

Meantime, new details emerged about what steps businesses are taking to cope with the aftermath of Brexit. While some companies have been upfront in telling investors they have no “Plan B,” EasyJet CEO Carolyn McCall, (No. 7 on Fortune‘s list of the Most Powerful Women, EMEA) has stood out from the crowd.

The Wall Street Journal reports that before the vote, McCall had written letters she could quickly send off to aviation regulators on the off chance Britain voted to leave. McCall, a vocal supporter of the Remain camp, wants the U.K. to remain part of the EU’s single aviation market.

British airlines are particularly vulnerable to Brexit, since it calls into question their participation in Europe’s open market that has bolstered the industry in recent years. But as with most of the uncertain economic and financial fallout from the historic vote, it is too early to tell if McCall’s push will succeed.

Laura Cohn



Reassuring EU nationals
Nicola Sturgeon is taking a personal approach to reassuring EU citizens who live in Scotland. The Scottish First Minister is planning to write to such people to say she will "pursue every option to protect Scotland's position in Europe and, by extension, the interests of EU citizens who live and work here."
The Guardian


A New Vogue
Vogue is finally moving into the Middle East. Conde Nast International is launching Vogue Arabia, which will start this fall as a website in Arabic and English and will be edited by Saudi Princess Deena Aljuhani Abdulaziz. A print magazine will launch in the spring.
Business of Fashion


Hillary in the clear
Hillary Clinton just dodged another bullet. The FBI has recommended that no charges be filed against the presidential candidate over her use of a private email server when she served as Secretary of State. The news came the same day President Obama appeared with her on the campaign trail in North Carolina, saying he was "fired up" about her candidacy.


Marissa's rough week
Marissa Mayer has reportedly been shunned by the organizers of an exclusive tech conference in Sun Valley. The Yahoo CEO was not asked to attend Allen & Company's confab this year, the New York Post reports. Meanwhile, another report revealed that when investors elected Yahoo's board of directors last week, Mayer got the fewest votes.


Martha likes Facebook
Martha Stewart seems to be taking a liking to Facebook Live. The Wall Street Journal reports Stewart has created over two dozen segments on the live streaming service, which offers lower costs than her TV show and a more international audience.
Wall Street Journal


Eyes on the cloud
Sandra Peterson of Johnson & Johnson is looking to the cloud. Peterson, No. 28 on Fortune's list of the Most Powerful Women, says the cloud will both help her company grow faster and cut costs.
Wall Street Journal


A female first in Australia
Australia's House of Representatives is getting its first indigenous female legislator. Linda Burney, former deputy leader of the New South Wales Labor party, was elected to serve Barton, a southern Sydney seat.
The Guardian


Human rights violations in China?
China's recent detention of an American businesswoman has garnered scrutiny by the UN. A panel at the global body is concerned that Phan Phan-Gillis, taken by authorities for alleged espionage, may have suffered human-rights violations.
Wall Street Journal


Occidental's Vicki Hollub on why she won't lay off workers
Wall Street Journal

Watch Oprah's inspirational speech on her career and "living the dream"

Brazil's Dilma Rousseff looks to crowd-funding to finance anti-impeachment campaign
Financial Times

Women divided over whether having Hillary Clinton as president would be a major milestone

Insurers won't pay for female viagra unless women see psychiatrists

Noel Neill, who played Lois Lane in the 1940s, dies at 95
New York Times


Caffeine, conference calls, overcrowded trains, genuine enthusiasm--there's only so much of each that I can handle in a day. And to this list I add the fog of Brexit, along with its political, economic and existential fallout.
—Financial Times columnist Lisa Pollack