A new ‘China Shock’ is sweeping the globe, leaving thousands of jobless in its wake. The economic impact is being felt as far away as Indonesia and Mexico, where Chinese exports are diverting even more goods from US markets. In Indonesia, once-thriving garment factories have been left abandoned due to cheap imports from China. Hariyanto, … Read more
Citigroup Inc.’s attempt to connect wealthy clients with emerging private equity firms has ended in disappointment. Launched over a decade ago, the initiative was meant to capitalize on the money flowing from high-net-worth individuals to private equity companies. However, the experiment failed to deliver results, leaving billionaires feeling let down. The venture is now mired … Read more
The leaders of the Democratic Republic of Congo and Rwanda have called for an immediate and unconditional ceasefire in eastern Congo, marking a surprise move in the midst of a three-decade conflict. The announcement follows a meeting between Presidents Félix Tshisekedi of Congo and Paul Kagame of Rwanda in Qatar on Tuesday. Analysts say the … Read more
Amtrak’s chief executive, Stephen J. Gardner, unexpectedly left his position as of Wednesday. This marks the end of his three-year tenure at the rail service. Source: https://www.nytimes.com/2025/03/19/us/politics/amtrak-ceo-resigns-stephen-gardner.html
Two Boeing Starliner astronauts have safely landed back on Earth after a nine-month stay at the International Space Station, raising questions about the financial incentives for space travel. The astronauts, Suni Williams and Butch Wilmore, reportedly earned just over $150,000 annually without overtime or hazard pay. In contrast, NASA’s annual salary for its astronauts is … Read more
The new Broadway musical adaptation of the popular album and documentary “Buena Vista Social Club” failed to live up to expectations, with critics finding it monotonous and underwhelming. The show’s attempt to incorporate dance and drama quickly becomes tedious, much like watching a two-hour version of a three-minute sequence. The production tries to revive the … Read more
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A surprising moment unfolded at the International Space Station (ISS) after a recent docking. Russian cosmonaut Ivan Vagner greeted new crew members while wearing an alien mask, a prank that left a lasting impression on everyone involved. According to NASA officials, Vagner wore the costume during the docking process to create a humorous and memorable … Read more
Tesla’s stock has performed poorly among the Magnificent 7 stocks in 2025, plummeting 35% over the past month due to cooling post-election excitement and weakening fundamentals. The company’s earnings have seen all gains erased in the past six months, with shares trading at 116 times trailing twelve-month (TTM) earnings. Analysts have lowered their price targets … Read more
The Euclid mission, a joint project between NASA and the European Space Agency (ESA), is shedding light on the universe’s mysterious expansion. By analyzing data from its deep field observations, scientists aim to understand the unknown force driving this acceleration. Launched in July 2023, Euclid will study billions of galaxies, including some 26 million observed … Read more