The CBI raided Jet Airways offices and the residence of founder Naresh Goyal due to the agency registering a case of bank fraud on a complaint from Canara Bank. The Central Bureau of Investigation (CBI) on Friday carried out searches at 7 locations linked to Jet Airways in Mumbai in
Rita Baranwal, the top technology officer at Westinghouse Electricity Co., announced that the company has developed a mini-nuclear reactor, named AP300 for its planned 300-megawatt capacity. U.S. company Westinghouse unveiled plans on Thursday for a small modular reactor to generate virtually emissions-free electricity that could replace coal plants or power
Using data from the Federal Reserve, the assets and liabilities of US banks have been visualized below. The U.S. banking sector has more than 4,000 FDIC-insured banks that play a crucial role in the country’s economy by securely storing deposits and providing credit in the form of loans. This infographic
Anthony Fauci, Canadian Prime Minister Justin Trudeau, and many other top officials who pushed aggressive COVID-19 policies now try to rewrite history. Some of the people most strongly associated with promoting lockdown measures during the COVID-19 pandemic have recently sought to recast their positions. Examples include Anthony Fauci, former leader
According to the March 2023 findings of OpenAI on the potential labor market impact of large language models, the visualization below shows which jobs will be most impacted by ChatGPT. On November 30, 2022, OpenAI heralded a new era of artificial intelligence (AI) by introducing ChatGPT to the world. The AI chatbot
Holders of dollars will see their purchasing power plummet, which is not a good thing for ordinary Americans if the US loses reserve currency status, and the fault will lie with the decades of monetary and fiscal mismanagement made possible by the dollar’s status as a global reserve currency. Earlier
Budweiser CEO Michel Doukeris finally addresses the scandal, telling investors there is “misinformation” spreading on social media about the company’s team-up with Mulvaney. Anheuser-Busch CEO Michel Doukeris addressed the Bud Light controversy on an earnings call with investors Thursday, downplaying the brand’s partnership with transgender influencer Dylan Mulvaney that prompted a boycott from
After shares in Western Alliance had fallen 45% in volatile trading before being halted, Western Alliance Bank has become another one to go, as three U.S. regional banks have failed in the last two months. Western Alliance WAL.N is exploring strategic options including a potential sale of all or part of its
A Politico article reported that Joe Biden pointed out Steve Clemons to then-Chinese Vice President Li Yuancho as “a very important man,” which suggests that Clemons is Biden’s man in China. Who is Steve Clemons? No, really — who is he? Or better yet, who is he working for? In
