Category Archives: Blog

The CEO of Scandinavian Airlines says an 11-day pilots strike is forcing it to weigh drastic cuts to equipment and service, putting ‘the survival of the company at stake’

Scandinavian Airlines SAS A pilots strike at Scandinavian Airlines could force the carrier to make severe cuts. The airline said the disruption is complicating its efforts to raise short- and long-term capital. More than 2,500 SAS flights have been cancelled since the stoppage on July 4. A pilots strike at one of Europe’s largest airlines…

A retired US general says Russia’s ‘weakness’ prevents it from advancing to make ‘meaningful progress’ in Ukraine

A Donetsk People’s Republic militia’s multiple rocket launcher fires from its position not far from Panteleimonivka, in territory under the government of the Donetsk People’s Republic, eastern Ukraine, Saturday, May 28, 2022. AP Photo/Alexei Alexandrov, file Russian forces are struggling on the battlefield, hamstringing any meaningful progress in Ukraine. A retired US general told Insider…

The Clayton Antitrust Act: One of many laws that protects consumers from unfair business practices

The Clayton Act has been amended a few times since its passage in 1918. Pattanaphong Khuankaew/Getty The Clayton Antitrust Act is one of several laws prohibiting anti-competitive business behavior in the US. It is meant to prevent conflicts of interest and price discrimination, and guarantees the right to sue for certain unethical business practices. The…

The co-founder of a major crypto wallet says ‘putting your money in cryptocurrencies is gambling’

People stand by a Metamask billboard in Times Square during an NFT conference in New York City. Noam Galai/Getty Images Aaron Davis, co-founder of a popular crypto wallet, says investing in crypto is “gambling.” It’s a rare remark from a founder of a major crypto player — MetaMask boasts 30 million users.  The co-founder said…

The safest, smartest way to buy things abroad is the same as in the US: a credit card

This post contains links to products from our advertisers, and we may be compensated when you click on these links. Our recommendations and advice are ours alone, and have not been reviewed by any issuers listed. Terms apply to offers listed on this page. Read our editorial standards. Alastair Grant/AP Credit cards with no foreign…

Russian oil arrives in Cuba as Moscow finds alternative buyers for its shunned supplies

Russian President Vladimir Putin. Mikhail Svetlov/Getty Images An oil tanker carrying 700,000 barrels of Russian oil reached Cuba on Thursday, Reuters first reported.  The ship’s cargo is worth roughly $70 million at the current market price.  Moscow has aggressively sought alternative buyers for oil as Western sanctions mount.  A tanker carrying 700,000 barrels of Russian…

Starbucks is again allowing Philadelphia employees to close bathrooms, after opening them to the public following controversial 2018 arrests of two Black men

A news crew works outside a Starbucks May 29, 2018, in Philadelphia. At this Starbucks pictured, Rashon Nelson and Donte Robinson were asked to leave after one was denied access to the bathroom. They were arrested by police minutes after they sat down to await a business meeting. AP Photo/Jacqueline Larma Starbucks staffers in Philadelphia…