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PinnedA cargo ship struck a bridge that crosses outer Baltimore Harbor early Tuesday, triggering a collapse, the authorities said. The Coast Guard received a report of an impact at 1:27 a.m. Eastern time at the Francis Scott Key Bridge, said Matthew West, a petty officer first class for the Coast Guard in Baltimore. “I-695 Key Bridge collapse due to ship strike,” the agency said on the social media site X. Officer West of the Coast Guard said that a Singapore-flagged cargo ship, the Dali, had hit the bridge. The bridge — named after Francis Scott Key, the author of the American national anthem, “The Star-Spangled Banner” — opened in 1977.

Persons: Francis Scott Key, Matthew West, Niki Fennoy, Brandon M, Scott, “, Dali, Grace Ocean, Scott’s, —, Derrick Bryson Taylor Organizations: Coast Guard, Baltimore Police, Fire Department, Maryland Transportation, Grace, Maryland Transportation Authority, Maryland Port Administration, American Locations: Baltimore, ”, Singapore, Colombo, Sri Lanka, Maryland

Six people are presumed dead and two have been rescued from the Patapsco River, according to The New York Times. What Happened to Baltimore’s Francis Scott Key Bridge? Around 1:30 a.m. on Tuesday, a Singapore-flagged cargo ship called Dali struck a column of the bridge, according to reporting by The Baltimore Banner. Where Is the Francis Scott Key Bridge and How Long Is It? The Francis Scott Key Bridge was assessed as being in “fair” condition in 2023, according to the Federal Highway Administration’s National Bridge Inventory.

Persons: Baltimore’s Francis Scott Key, Wes Moore, Dali, Maryland Sen, Chris Van Hollen, Francis Scott Key, Helen Delich Bentley, Banner ”, Baltimore Mayor Brandon Scott, Moore, ”, Joe Biden, We're, “, Pete Buttigieg, Scott, Buttigieg, Joseph Schofer Organizations: The New York Times, Maryland Gov, Biden Administration, White, Baltimore Sun, Baltimore Banner, ABC News, Maryland, New York Times, Times, ” Synergy Marine Group, Baltimore Mayor, Transportation, Department of, World Association, Transport Infrastructure, U.S . News, Northwestern University’s McCormick School of Engineering, ” Engineers Locations: Patapsco, Maryland’s, Singapore, Sri Lanka, Maryland, Baltimore, Helen Delich Bentley Port of Baltimore, Fort McHenry, El Salvador, Guatemala, Honduras, Mexico, U.S

☆ A Baltimore Bridge Collapsed After a Ship Collision
▼ + stars: | 2024-03-26 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

A 948-foot cargo ship that left the Port of Baltimore early this morning collided just minutes later with a pillar of a major bridge, quickly causing much of the bridge to collapse into the water. Divers and other emergency responders searched for six construction workers who had been fixing potholes on the Francis Scott Key Bridge when it fell and are now missing. The crew of the ship, a massive vessel headed for Sri Lanka, had issued a warning that it had lost power before the collision. That heads-up gave officials enough time to stop traffic at both ends of the bridge. Biden also said that he expected the federal government would pay to rebuild the bridge, which had a four-lane highway that carried more than 30,000 commuters each day.

Persons: Francis Scott Key, ”, Biden, Dali Organizations: Port, Federal Locations: Baltimore, Sri Lanka, Maryland

How the Key Bridge Collapsed in Baltimore: Maps and PhotosOn Tuesday, a major bridge in Baltimore collapsed into the water seconds after it was struck by a cargo ship, sending vehicles on the bridge into the river below. The collapsed span, the Francis Scott Key Bridge, is part of Interstate 695 and spans 1.6 miles over the Baltimore Harbor. Baltimore Francis Scott Key Bridge Patapsco River Patapsco River The ship left the Port of Baltimore around 1 a.m. on Tuesday. Francis Scott Key Bridge The ship hit the bridge at 1:28 a.m. 1 mile Francis Scott Key Bridge Patapsco River Where impact occurred Direction of the ship 200 feet Baltimore The ship left the Port of Baltimore around 1 a.m. on Tuesday. Patapsco River Francis Scott Key Bridge The ship hit the bridge at 1:28 a.m. 1 mile Francis Scott Key Bridge Patapsco River Where impact occurred Direction of the ship 200 feet Sources: Spire Global, Google Earth The New York TimesThe ship that hit the bridge is a 948-foot-long cargo vessel called Dali.

Persons: Francis Scott Key, Baltimore Harbor . Baltimore Francis Scott Key, Scott Key, Wes Moore Organizations: Baltimore, Port, Google, New York Times, YouTube, Coast Guard Locations: Baltimore, Baltimore Harbor . Baltimore, Port of Baltimore, Patapsco, Dali, Colombo, Sri Lanka, Port, Southern, Maryland

☆ Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
▼ + stars: | 2024-03-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.

Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S

Read previewA container ship crashed into a major bridge in Baltimore early Tuesday, causing its collapse into the Patapsco River. Baltimore first responders called the situation a "developing mass casualty event" and a "dire emergency," per The Associated Press. pic.twitter.com/ipoTR2HljY — Harford Co., MD Fire & EMS (@HarforCoFireEMS) March 26, 2024The vessel is the Dali, a Singapore-flagged container ship about 984 feet long, and 157 feet wide, per a listing on VesselFinder. The Dali's owner is listed as Grace Ocean, a Singapore-based firm, and its manager is listed as Synergy Marine, which is also headquartered in Singapore. AdvertisementStaff for Grace Ocean declined to comment on the crash when contacted by Business Insider.

Persons: —, Francis Scott Key, James Wallace, Wallace, Richard Worley, Wes Moore, Pete Buttigieg, Moore, Baltimore Francis Scott Key, ipoTR2HljY —, Dali, Grace Ocean, Barbara Rossi, Claudia Norrgren, it'll Organizations: Service, Baltimore, Associated Press, Business, Sonar, Biden Administration, Volunteer Firefighters, Volunteer Swift Water Team, Team, Unified Command, ipoTR2HljY — Harford Co, Synergy, Shipping, Staff, Grace, Maersk, Dali, University of Oxford, Hyundai Heavy Industries, Port Locations: Baltimore, Patapsco, Maryland, @jmvfc8, Singapore, Danish, Colombo, Sri Lanka, Port, South Korea, Antwerp

☆ What we know about the ship that crashed into and took down the Maryland bridge
▼ + stars: | 2024-03-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The ship that crashed into the Francis Scott Key Bridge on Tuesday was the Dali, a Singapore-flagged vessel. The container ship is about 984 feet long and up to 157 feet wide, while the bridge is part of I-695. AdvertisementA container ship crashed into a key bridge in Baltimore on Tuesday morning, causing part of the structure to collapse into the Patapsco River. A livestream showed vehicles traveling on the Francis Scott Key Bridge just moments before the impact at around 1:28 a.m., indicating that the collapse caught at least several people. According to ship tracking data, the vessel is a Singapore-flagged container ship called the Dali.

Persons: Francis Scott Key, Dali, —, It's, Matthew West, Grace Ocean Organizations: Service, Associated Press, Coast Guard, New York Times, Synergy, Maersk, Dali, Staff, Grace, Business Insider, BI, Hyundai Heavy Industries Locations: Singapore, Baltimore, Patapsco, Danish, South Korea, Colombo, Sri Lanka, Antwerp

☆ The bridge collapse in Baltimore is a 'developing mass casualty event,' first responders say
▼ + stars: | 2024-03-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Baltimore's Francis Scott Key Bridge collapsed after it was struck by a ship on Tuesday morning. A representative for the Baltimore Fire Department called the situation a "developing mass casualty event." AdvertisementThe collapse of the Francis Scott Key Bridge in Baltimore is a "developing mass casualty event," a representative for the Baltimore Fire Department said on Tuesday morning. I-695 Key Bridge collapse due to ship strike," the Maryland Transportation Authority wrote on X shortly after. Baltimore County Executive Johnny Olszewski, Jr. said in an X post that the authorities "are closely monitoring the ongoing situation at the Key Bridge."

Persons: Baltimore's Francis Scott Key, —, Francis Scott Key, Kevin Cartwright, Cartwright, 9IgvJyi46Y — Hayward, Dali, Matthew, Johnny Olszewski, Jr, Olszewski Organizations: Baltimore Fire Department, Service, Associated Press, Maryland Keybridge, US Coast Guard, USCG, Baltimore Sun, Coast Guard, Matthew West, NBC News, Maryland Transportation Authority, Baltimore, Business Locations: Baltimore, Singapore, Colombo, Sri Lanka, BALTIMORE, Maryland

☆ International Elections 2024: What You Need to Know
▼ + stars: | 2024-03-21 | by ( The New York Times | ) www.nytimes.com time to read: +4 min

International Elections 2024: What You Need to KnowRussia U.K. United States E.U. Mexico India Indonesia 900M South Africa 90M Voting-age population Russia U.K. United States E.U. Mexico India Indonesia 900M 90M South Africa Voting-age population Russia U.K. United States E.U. Upcoming Elections India Prime Minister Narendra Modi, a divisive figure who has aggravated the religious and ethnic fault lines in the hugely diverse country, is seeking a third term. United States A rematch between President Biden and former President Donald J. Trump adds another layer of uncertainty to the global political landscape.

Persons: Narendra Modi, Mahamat Idriss Déby Itno, Paul Kagame, Biden, Donald J, Trump Organizations: United, Africa, Russia U.K, India, National Congress, European, Party, Lithuanian Christian Democrats, Conservative Party, Labour Party Locations: Russia, United States, Mexico India Indonesia, Mexico, India, South Africa, Venezuela, Sudan, Panama, Chad, Europe, Rwanda, Austria, Lithuania, Sri Lanka

☆ India investigates alleged Hindu nationalist attack on foreign students offering Ramadan prayers
▼ + stars: | 2024-03-18 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

CNN —Authorities in western India have launched an investigation after far-right Hindus allegedly attacked foreign university students offering prayers during the Islamic holy month of Ramadan, as religious tensions simmer ahead of a crucial general election. One eyewitness told CNN the students were offering prayers when a group of people arrived and repeatedly told them to stop, while chanting Hindu slogans. “One of the students got up and slapped a member of the group,” the Gujarat University student, who does not want to be named out of fear of retribution, told CNN. We request the university to shift us to a safe place.”Another student told Gujarat First News that the university had given them permission to pray on campus. Gujarat University vice chancellor Neerja A. Gupta confirmed clashes broke out between two groups after which some foreign students were injured.

Persons: Malik, Randhir Jaiswal, Narendra Modi’s, “ Jai Shree Ram, Lord Ram, ”, ‘ Jai Shree Ram, ’, “, Neerja A, Gupta, Modi, Asaduddin Owaisi Organizations: CNN, Authorities, Gujarat University, “, India’s Ministry, External Affairs, clarion, News Capital Gujarat, Gujarat, Bharatiya Janata Party, BJP Locations: India, Afghanistan, Sri Lanka, Tajikistan, Ahmedabad, ” Ahmedabad, “, Maharashtra, Madhya Pradesh, Gujarat

☆ The UK is the 2nd-most miserable country in the world, report says
▼ + stars: | 2024-03-17 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

The UK is the second-most miserable country in the world, a new report said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe UK is the second-most miserable country in the world, a new global well-being index said. Only Uzbekistan came lower in the rankings, which were published in the US nonprofit Sapien Labs' Mental State of the World Report earlier this month. The World Happiness Report 2023 suggested the UK was the 19th happiest country in the world.

Persons: —, Vladimir Putin's, Bridge Lucy Organizations: Service, Sapien Labs, Mental State, Sapiens Labs, Britain, Labs, Bridge Locations: Uzbekistan, Dominican Republic, Sri Lanka, Tanzania, Ukraine, Yemen, Western

☆ I rode the $1 coastal train in Sri Lanka from Bentota to Colombo. There was a 2-hour delay, and I didn't have a seat on board, but I'd do it again in a heartbeat.
▼ + stars: | 2024-03-17 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

I recently went on a solo trip to Sri Lanka and rode its famed coastal rail. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The teardrop-shaped island in South Asia is known for its stunning beaches, lush jungles, and foliage-covered mountains. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business Locations: Sri Lanka, South Asia, Colombo, Singapore

☆ I'm a millennial mom who's visited 57 countries with my kids thanks to many income streams, including $4,000 a month blogging and extra cash from flipping homes
▼ + stars: | 2024-03-14 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Karen Edwards has traveled to or lived in 57 countries with her husband and four children. AdvertisementThis as-told-to essay is based on a conversation with Karen Edwards, who blogs about her family's life abroad. Karen Edwards' son and the camper van they lived in. My kids played with Peruvian children — it was really, really special. AdvertisementKaren Edwards' husband and children.

Persons: Karen Edwards, —, I've, Edwards, Karen Edwards I've, It's, We've, it's, Karen Edwards ⁠, they've, we'll Organizations: Service, Sri Locations: Sri Lanka, Dublin, London, Abu Dhabi, London Borough, Croydon, Southeast Asia, Vietnam, Taiwan, Hong Kong, Malaysia, Indonesia, Singapore, Canada, Argentina, US, Mexico, Bahamas, Grand Cayman, Jamaica, Belize, Nicaragua, Guatemala, Costa Rica, Panama, Colombo, Peru, Bolivia, Europe, Central Asia

☆ Will Memes About Politicians Now Get Sri Lankans Thrown in Jail?
▼ + stars: | 2024-03-09 | by ( Pamodi Waravita | Mujib Mashal | ) www.nytimes.com time to read: +1 min

Even in the darkest of times, Sri Lankans held on to their humor. In 2022, when the island nation’s economy collapsed and the government announced a QR code system to ration gasoline, a meme spread online: “Scanning Fuel QR Code Now Makes You Forget Last Three Months.”And when public anger forced the strongman president to flee his palace, with protesters venturing inside to fry snacks in his kitchen and jump into his pool, another meme captured the mood upon their departure: “We Are Leaving. The Key Is Under the Flower Pot.”It is this kind of online expression, which helped fuel the largest citizens’ movement in Sri Lanka in decades, that activists and rights groups fear is now endangered. They are concerned about a new law, the Online Safety Act, that gives the government wide-ranging powers to deem speech on social media to be “prohibited statements.” Under the law, a committee appointed by the president will rule on what is prohibited, and violations could bring penalties ranging from fines of hundreds of dollars to years in prison.

Persons: ” Locations: Sri Lankans, Sri Lanka

☆ Sri Lanka has ended free long-term visas for Russians and Ukrainians following outrage over a 'whites only' party
▼ + stars: | 2024-03-03 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Sri Lankan authorities said it would scrap free long-term visas for Russian and Ukrainian tourists. Russian tourists have been a major boost to the struggling Sri Lankan economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSri Lanka has scrapped free long-term visa extensions for Russians and Ukrainians who headed to the country in the last two years, Reuters reported. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Reuters, Party, Business Locations: Russian, Sri Lankan, Sri Lanka, Unawatuna

☆ A 'family vacation' for two: Why more parents are taking trips with one child at a time
▼ + stars: | 2024-02-23 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +6 min

They travel together, but time away with just one child and one parent has perks that family trips don't often provide, she said. "Travelling with only one child allows you to focus on the needs of only that child," she said. Source: Sonja ProkopecProkopec hasn't taken solo trips with her two youngest children, mostly because of Covid-19, she said. Mother-and-daughter trips in particular are on the rise, though father-and-child trips are also becoming more popular, according to the company. She said she vividly remembers the trips she took as a child with her mother and grandmother.

Persons: Sonja Prokopec, Prokopec, she's, —, Prokopec's, Laith, Sonja Prokopec Prokopec hasn't, Scott Dunn, Scott Dunn's, Mike Harlow, Scott Dunn's Mike Harlow, Harlow, Chiang, Monica Pitrelli, Madeline Austin Organizations: CNBC Travel, Istock, Getty, Yellowstone, Hollywood Locations: Rome, London, Turkey, Norway, Finland, Africa, Cambodia, Vietnam, Thailand, Sri Lanka, South Korea, India, Chiang Rai, Myanmar, Thai, California, Los Angeles , California

☆ Project Sunrise: Aircraft delays push back launch date for Qantas’ record-breaking flights
▼ + stars: | 2024-02-22 | by ( Karla Cripps | ) edition.cnn.com time to read: +7 min

CNN —Travelers who were hoping to experience Qantas’ long-awaited, record-breaking ‘Project Sunrise’ flights next year will have to be a bit more patient. Project Sunrise: Australian airline Qantas is gearing up to launch its ultra long-haul "Project Sunrise" flights between Australia and New York City and London. Qantas Business Suites: For the first time, Qantas will add a sliding door to its business class seats for added privacy. The layout includes six first class seats in a 1-1-1 configuration, 52 business class seats in 1-2-1, 40 premium economy seats in 2-4-2 and 140 economy seats in 3-3-3. Business class suites will be 42 inches wide with 25-inch-wide chairs that can be reclined into a two-meter bed.

Persons: ” Christian Scherer, – Organizations: CNN — Travelers, Qantas, Airbus, Sydney, Reuters, CNN, Sunrise, Civil Aviation Safety Authority, Boeing, Australian, Qantas Qantas, Singapore Airlines ’, JFK Locations: Australia, New York, London, Singapore, Sydney, Melbourne, Perth, Sri Lanka, New York City, Singapore Airlines ’ Singapore, JFK

☆ Elon Musk's X suspends some India accounts after order from Modi government
▼ + stars: | 2024-02-22 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +3 min

Elon Musk's social media platform X said Thursday it will block certain accounts and posts from India in response to executive orders by the government. X said it did not agree with the order but failure to comply would subject the company to "potential penalties including significant fines and imprisonment." Tens of thousands of Indian farmers — mostly from the northern state of Punjab — have been protesting since mid-February in renewed calls for better crop prices which were promised to them in 2021. In October, the Modi government warned Musk that X would have to comply to country's new and upcoming IT rules. However, it has written an appeal challenging the Indian government with accounts that are pending to be blocked, the company said.

Persons: Elon, X, Jack Dorsey —, Musk —, Narendra Modi's, Modi, Musk, Naman Tandon Organizations: Global Government Affairs, CNBC, country's Ministry of Information, Broadcasting, Reuters, Twitter Locations: Punjab, Haryana, Ambala, India, New Delhi, Delhi, Pakistan, Sri Lanka

Ameen Sayani, a pioneering radio presenter who drew generations of listeners in India with his melodic voice on a radio show that became a national phenomenon, died on Tuesday. Born in 1932, Ameen Sayani was introduced to radio by his elder brother who was an English-language presenter. In 1952, Ameen became one of the first voices to be heard on the airwaves in Asia by starting the radio program for which he became the most famous, “Binaca Geetmala,” showcasing Bollywood music. He hosted the program on Radio Ceylon, one of the oldest radio stations in the world, based in what is now Sri Lanka. The show was later moved to All India Radio, the state-owned public broadcaster.

Persons: Ameen, Narendra Modi, Sayani’s, “, ” Mr, Rajil, Ameen Sayani, Binaca Organizations: Radio Ceylon, India Radio Locations: India, English, Asia, Sri Lanka

☆ I'm an American who's lived in Nepal for 7 years. Adjusting to life here came with a steep learning curve.
▼ + stars: | 2024-02-20 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +5 min

Hayden Rue, an American traveler, shares what it's like to live in Nepal. AdvertisementThis as-told-to essay is based on a conversation with Hayden Rue, a 32-year-old expat who's lived in Nepal since 2016. Hayden Rue in Lumbini with World Bank Project. Hayden Rue in Patan Durbar Square. Hayden Rue lived in Kathmandu Valley when he first moved to Nepal.

Persons: Hayden Rue, Rue, —, who's, I've, Hayden, I'm Organizations: Service, Peace Corps, World Bank, Bank, Hayden Locations: American, Nepal, Salem , Oregon, West Coast, Lumbini, Patan Durbar, Kathmandu, Kathmandu Valley, Pokhara, Syangja, Khumai, Sri Lanka

☆ We've visited 50 states and 91 countries and almost always choose hotels over Airbnbs. Here's why.
▼ + stars: | 2024-02-17 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Initially, we were going to live in a golf community in Palm City, Florida, and also do some traveling. Courtesy of John and Beverly MartinJohn: When COVID hit, we realized we couldn't travel internationally. So we sold our house, bought the Airstream for $50,000, and visited all 50 states and 51 national parks in two years. John: After about a year, we started noticing we could stay at hotels for a similar price to the Airbnbs. Beverly: We've had some amazing stays, like a luxury hotel in Delhi.

Persons: —, John Martin, Beverly, Beverly Martin John, Bev, Beverly Martin Beverly, John, We've, Airbnb, we're, We're, would've Organizations: Service, Beverly, Central America, The, YouTube, Kruger National Park Locations: United States, Palm City , Florida, Beverly, New Zealand, California, Florida, Greece, Panama, Sri Lanka, North Macedonia, Kosovo, Europe, Central, Asia, Norway, Albania, Bulgaria, Costa Rica, Guatemala, Santorini, Hyatts, Laos, Delhi, South Africa, Victoria Falls, West Africa

☆ I met my boyfriend on a Facebook housing group. We were roommates for 2 years before we started dating.
▼ + stars: | 2024-02-17 | by ( Waverly Colville | ) www.businessinsider.com time to read: +5 min

He had posted in a Facebook housing group stating he and another person were looking for two more roommates to fill out their four-bedroom loft. We had to become each other's best friends. The thought of us ever being anything more than roommates and best friends was alien, even gross. Our relationship was totally platonic — until it wasn'tIt wasn't until the following fall that things started to get confusing. He was not only one of my best friends but he was also my roommate.

Persons: John, Jack, Jewelyn, —, Waverly Colville, We've Organizations: Facebook Locations: East Williamsburg, Buffalo, New York, Costa Rica, Coachella, Cayman Islands, Sri Lanka

☆ Done with diamonds? Gemstone engagement rings are capturing hearts and market share
▼ + stars: | 2024-02-14 | by ( Courtney Reagan | ) www.cnbc.com time to read: +4 min

"We're seeing a shift in much larger center stone engagement rings, primarily as a result of lab-grown diamonds, and sapphires and rubies tend to be very hot," Daga said. A decade ago, about 5% of engagement rings were colored gemstones, according to Daga. watch nowIndustry giant Signet Jewelers is seeing the same gemstone trend in the wedding category as well as in fashion pieces. Beyond engagement rings, Signet said amethyst and ruby are always popular stones for the Valentine's season. Solidcolours | Istock | Getty ImagesWholesale prices for sapphire gemstones are up 12% per year over the past three years, Daga said.

Persons: Craig Hastings, Ankur Daga, Daga, Jared, Kay, Signet, Beth Gerstein, Gerstein, Boonyakiat, Tourmalines Organizations: Industry, Signet, Getty, Istock, Rolex Locations: London, Madagascar, Angara, Kashmir, Sri Lanka, Zambia, Colombian

☆ Chinese and Indian companies are about to be hit by sanctions because of their ties to Russia, reports say
▼ + stars: | 2024-02-13 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The European Union wants to sanction three Chinese companies for supporting Russia, according to reports. This would mark the first time the bloc has sanctioned Chinese and Indian businesses since the invasion of Ukraine. AdvertisementThe European Union wants to sanction three Chinese companies due to their ties to Russia, according to reports by Bloomberg and the Financial Times . In April 2023, European Commission president Ursula von der Leyen traveled to Beijing to warn China’s leader Xi Jinping not to support Russia’s war efforts. "This visit is taking place in a challenging and increasingly volatile context, in particular because of Russia's war of aggression against Ukraine," she said in a press conference .

Persons: —, hasn’t, Ursula von der Leyen, China’s, Xi Jinping, von, Leyen Organizations: European Union, Bloomberg, Service, Union, Financial Times, EU, Kremlin, Moscow, European Locations: Russia, Hong Kong, India, Serbia, Turkey, Ukraine, Kazakhstan, Sri Lanka, Thailand, EU, China, Beijing

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