Russia brings back capital controls to shore up the ruble
Russia has reimposed some of the capital controls it introduced in the wake of its full-scale invasion of Ukraine in a new attempt to prop up the ruble as the cost of war weighs heavily on the economy.
2023-10-12 20:57
China relaxes capital controls to entice badly needed foreign investment
China is allowing foreigners in Shanghai and Beijing to move their money freely into and out of the country, in a significant move toward relaxing its strict capital controls as it tries to woo overseas investors.
2023-09-22 15:15
Bankrupt Birmingham braces for cuts as UK government takes control
The UK government has moved to take control of the country's second biggest city, Birmingham, after the local council effectively declared itself bankrupt earlier this month.
2023-09-20 01:26
US FAA hires 1,500 air traffic controllers but staffing challenges remain
By David Shepardson WASHINGTON The U.S. Federal Aviation Administration said on Thursday it had met its goal of
2023-08-24 21:29
Airlines will continue to fly fewer flights to New York and Washington as FAA faces staffing shortages
The federal government is allowing airlines to continue to run reduced flight schedules to major airports serving New York City and Washington in hopes of curbing flight cancellations and reducing the burden on short-staffed air traffic controllers.
2023-08-10 19:48
Russia seizes control of Danone, Carlsberg assets
Moscow has seized control of the Russian subsidiaries of French yogurt maker Danone and Danish brewer Carlsberg, highlighting risks facing foreign firms that continue to do business in the country.
2023-07-17 17:50
Yellen expresses 'concern' about China's export curbs on strategic raw materials
Beijing's newly unveiled export controls on two strategic raw materials critical to the global chipmaking industry are a "concern," US Treasury Secretary Janet Yellen told a group of executives in China on the first day of her trip to the country, where she will try to stabilize bilateral relations after a particularly difficult period.
2023-07-07 14:54
Air traffic controllers union pushes for staffing solution after scathing DOT watchdog report
As millions of Americans are expected to pack commercial flights over the July 4th holiday, the union representing the Federal Aviation Administration's air traffic controllers says a recent government watchdog report is proof the agency and Congress must fix a "flawed staffing model."
2023-06-27 06:17