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U.S. air traffic controllers urged to return to work
Donald Trump has urged air traffic controllers to return to work amid escalating flight cancellations, as staffing shortages during the government shutdown have led to 20% to 40% of controllers absent at major airports. In a social media post, Trump threatened to penalize those who do not comply while promising $10,000 bonuses for dedicated workers,…
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‘Climate breakdown’: UN says world is heading for 2.8C temperature rise
The world is headed for a “climate breakdown” at a global average temperature rise of 2.8C under existing government policies, according to the latest UN report ahead of global climate talks. In a speech marking the report’s release, UN Secretary-General António Guterres said that if existing national climate action plans are fully implemented by 2035,…
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Qantas chief customer and digital officer to step down by year end
Catriona Larritt, Qantas’ chief customer and digital officer, will leave her position by the end of December, following a significant cyber breach earlier this year which compromised the personal data of over a million customers. In an internal memo, CEO Vanessa Hudson noted that Larritt is departing to “pursue external opportunities,” and added that her…
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Ford announces Indian investment plans
Ford is set to invest $370m in India to manufacture new engines for export, retooling its Chennai facility to produce over 235,000 units annually with advanced technology. Production is expected to commence in 2029, creating approximately 600 jobs at the site, which currently employs around 12,000. The move comes after Ford’s exit from the Indian…
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CFPB says it will replace Biden-era ‘open banking’ rules
A lawsuit against the Consumer Financial Protection Bureau (CFPB) that had sought to strike down Biden-era “open banking” rules has been paused by a federal judge, allowing the agency more time to replace the contested regulations with a new version. “In light of recent events in the marketplace, the bureau has now decided to initiate…
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Coffee costs brew trouble for offices
With bean prices increasing and tax deductions for office snacks set to vanish in 2026, finance teams must monitor rising coffee costs. The One Big Beautiful Bill Act, signed into law by President Donald Trump on July 4th, eliminates the 50% tax deduction for in-office meals and snacks starting January 1st 2026. As a result,…
