The administration of US President Joe Biden has called the collapse that led to the cancellation of thousands of flights at Southwest Airlines a “system failure”, blaming the company itself for the crisis. A historic winter storm, dubbed the ‘blizzard of the century’, had blanketed the country around the holiday weekend, but Transportation Secretary Pete … Read more
Good riddance, 2022. It’s been another disruptive and unpredictable year. War, food insecurity, climate change – the past eight years have been the hottest on record – and more. But there have also been breakthroughs in science, medicine and space exploration. What does 2023 hold for us? It’s hard to make predictions, the joke goes, … Read more
A Democratic-controlled U.S. House of Representatives committee on Friday released six years of former President Donald Trump’s tax returns in an extraordinary move just days before Republicans took control of the chamber. . The release of Trump’s redacted statements for 2015 to 2020 ends a nearly four-year battle between the former Republican president and Democratic … Read more
In the United States, public support for unionization has reached its highest level in decades. A 2022 Gallup poll found that 71% of Americans approved of unions, a rate not topped since 1965. And the year was marked by organizing efforts at some of America’s biggest brands, including Starbucks and Apple. But despite the popular … Read more
Labor market holding up despite rate hikes MoneyWatch: Labor Market Looks Resilient Despite Aggressive Federal Reserve Rate Hikes 05:28 The number of people applying for unemployment benefits increased only slightly last week – a sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy. Unemployment assistance claims for the … Read more
The US Department of Transportation agrees to investigate Southwest Airlines for cancellations following a severe winter storm. US carrier Southwest Airlines said normal operations will resume on Friday, ending a multi-day slump that included more than 13,000 canceled flights that affected more than a million people. A powerful winter storm complicated travel during the busy … Read more
The moves mark the latest loosening of the rigid restrictions that have hammered China’s gambling industry since August last year. China’s video game regulator has granted publishing licenses to 45 foreign games for release in the country, including seven South Korean games, easing stiff brakes that have hammered the industry for nearly 18 months. South … Read more
Think Change Forum (TCF), an independent think tank dedicated to generating new ideas and finding solutions to navigate the post-pandemic world, today released recommendations based on a panel discussion on “What is the right tax approach for a booming industry like Online Skill-Based Gaming?’. The event brought together five … Read more
U.S. officials are expressing concern over the lack of transparency regarding rising COVID cases in China. The United States is considering entry restrictions for travelers from China as officials worry about a lack of transparency regarding the country’s largest COVID-19 outbreak. “The international community is increasingly concerned about the ongoing COVID-19 outbreaks in China and … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, United States, December 14, 2022. andrew kelly | Reuters Here are the most important information investors need to start their trading day: 1. Home stretch for equities Investors remain hopeful of a rally through the end of 2022, even … Read more
