When an Alaska Airlines Boeing 737-9 made an emergency landing in Portland on January 5 following a door plug blowing out shortly after departure, alarm bells began to ring. For Boeing, this was another incident on its 737 MAX series and one that it simply could not afford to happen….
New Delhi, India – Immediately after becoming the prime minister in 2014, Narendra Modi held backdoor negotiations with the Finance Commission of India to significantly cut funds allocated to the country’s states. However, the head of the commission, an independent constitutional body deciding states’ shares from central taxes, resisted, and…
In recent weeks, missile and drone attacks on cargo ships crossing the Red Sea have caused the biggest disruption to global trade since the COVID-19 pandemic. Despite delayed supplies, however, oil prices have remained surprisingly stable. In response to Israel’s war on Gaza, Houthi rebels – the Iran-aligned Shia movement…
Tarek Mansour spent several years working in finance at firms like Goldman Sachs and Citadel before launching the groundbreaking fintech startup Kalshi. Using his background in finance, he built the first regulated exchange, running what are called “event contracts” or ways to trade on current affairs like national elections. With…
Carlin Putman of Houston, Texas worked at AIG for more than two decades. Earlier this year, she lost her job. She was devastated. But the writing was on the wall for months as the company tried to cut costs. “No matter how much work we had, it was working off…
Dhaka, Bangladesh — Weeks after turbulent wage-hike protests and subsequent factory closures, Bangladesh’s ready-made garment (RMG) industry, a key revenue earner for the nation, is dealing with a new phase of anxiety: “possible” economic sanctions by the country’s Western partners. The United States and European Union collectively account for more…
Financial Stability Oversight Council says emerging technology poses ‘safety-and-soundness risks’ as well as benefits. Financial regulators in the United States have named artificial intelligence (AI) as a risk to the financial system for the first time. In its latest annual report, the Financial Stability Oversight Council said the growing use…
Travis Dardar, a fisherman and member of the Isle de Jean Charles Tribal Community off the coast of Louisiana, has twice been displaced by fossil fuels. Rising sea levels forced him and his tribal nation to move in 2016 from the island where they had settled in the 1830s to…
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