Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
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How the Biden administration is doing on its goal of getting more loans to minority small business owners
Maskot | Digitalvision | Getty Images The United States has experienced a small business boom in recent years, and people of color are a large part of that success, making progress on historical underrepresentation of Black and brown entrepreneurs in America. From 2010 to 2020, the minority population grew from 36.3% to 42.4%, but the…
Green shipping corridors gaining momentum
Next door, from its headquarters in a skyscraper that vaguely resembles a lighthouse, the Port of Rotterdam Authority is keen to shine a light on the future of shipping rather than look back on its past. More specifically, it is focusing its spotlight on how the sector can continue efforts to reduce it emissions.
Software firm SAP to pay $220m over bribery charges
SAP is one of the world’s largest software firms and was investigated over activity in seven countries.
American Airlines’ frequent flyer program is changing. Here’s what you need to know
An American Airlines Airbus 321 sits at the gate at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on July 23, 2023. Daniel Slim | AFP | Getty Images First things first: American Airlines isn’t changing the requirements to earn elite status at the airline in the coming earning year. Those thresholds are typically…
The U.S. Project Meant To Debut Revolutionary Nuclear Reactors Just Fell Apart
The project meant to debut small modular reactors, the technology the nuclear energy industry hopes will spur a renaissance of atomic power construction, collapsed Wednesday night amid mounting financial troubles. The NuScale Power Corporation based in Portland, Oregon, whose SMR design became the first in U.S. history to win the Nuclear Regulatory Commission’s approval last…
Wedding Dress Designer Hayley Paige Says She’s Lost The Right To Her Instagram And Her Own Name In Court
Last week, JLM Couture sued the designer for breach of contract, among other things, in a New York federal court. The company’s main gripe is over the @misshayleypaige account, which JLM asserts it owns and has the right to operate as it sees fit. It also filed a temporary restraining order banning Gutman from using…
