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☆ U.S. pick for World Bank, Ajay Banga, to meet with Modi in native India
▼ + stars: | 2023-03-23 | by ( David Lawder | ) www.reuters.com time to read: +2 min

The Treasury said Banga will visit New Delhi on March 23 and 24, where his likeness has already been posted on billboards. "These discussions will focus on India’s development priorities, the World Bank, and global economic development challenges," the Treasury said in a statement. The World Bank will accept nominations from other countries until March 29, but no competitors have been announced. The World Bank has been led by an American since its founding at the end of World War Two, while the International Monetary Fund has been led by a European. In India, Banga will also visit a vocational skills development institute funded in part by the World Bank, the Treasury said.

☆ This credit card debt payoff strategy may sound 'too good to be true,' but it could save you thousands
▼ + stars: | 2023-03-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

If you don't know what a credit card balance transfer is, you're not alone. Say you have $5,805 in credit card debt, the average amount Americans hold, according to TransUnion. If you want to qualify for one, you need a good to excellent credit score. Pitfalls of credit card balance transfers to avoidThere are a few downsides to balance transfers. Commit to paying off credit card debt

☆ Millennials may be using credit cards as a “de facto emergency fund"—here's why they shouldn't
▼ + stars: | 2023-03-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Millennials are the most likely generation to have more credit card debt than emergency savings, according to Bankrate's "2023 Annual Emergency Savings Report." This may mean that both of these groups are overly relying on credit cards, says Melinda Opperman, chief external affairs officer, at Credit.org. "When whole generations have more debt than emergency savings, that suggests they've been using credit cards as their emergency fund," she tells CNBC Make It. Many millennials and Gen Xers see their credit card as a "de facto emergency fund," Matt Schulz, chief credit analyst for LendingTree, tells CNBC Make It. As of February, the average credit card interest rate is 23.55% according to LendingTree's latest analysis.

☆ China urges global lenders' involvement in developing nations' debt
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] Chinese Foreign Minister Qin Gang and India's Foreign Minister Subrahmanyam Jaishankar shake hands before the start of G20 foreign ministers' meeting in New Delhi, India, March 2, 2023. India's Ministry of External Affairs/Handout via REUTERSNEW DELHI, March 2 (Reuters) - Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries. "China has put forth relevant initiatives under the G20," Qin said. "China has suspended more debt service payments than any other G20 member, and participated in the debt treatment under the Common Framework." Last week, China urged G20 nations to conduct a fair, objective and in-depth analysis of the causes of global debt issues and to "resolve the problem in a comprehensive and effective manner".

☆ Meet Sandra Douglass Morgan, the only Black female president in the NFL: ‘This job is much bigger than me’
▼ + stars: | 2023-02-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Growing up in Las Vegas, Sandra Douglass Morgan never dreamed about making history — she just wanted to make herself, and her parents, proud. But Douglass Morgan didn't need to eavesdrop to understand that she and her family would be treated unfairly because of the color of their skin. Douglass Morgan, now 44, made a promise to herself: No matter what she did, she would champion equity and respect. Months later — and after the abrupt departure of two presidents — Davis approached Douglass Morgan about the job. Douglass Morgan sought the counsel of friends and family, including her husband, Don Morgan, who played four years in the NFL with the Minnesota Vikings and Arizona Cardinals.

☆ Meet the British composer living with a rare type of epilepsy that is triggered by music
▼ + stars: | 2023-02-20 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

Determined to carry on with their love of music, Bec found a way to overcome their condition. Liza Bec, a professional composer, discovered in 2008 that music — the very thing they had devoted their life to — was causing their epilepsy. "It was complete horror," Bec told Insider: "I just thought: 'I'm going to die. A condition that affects one in 10 million peopleLiza Bec, playing their roborecorder. Doctors told Bec they should go on medication and avoid playing music to avoid damaging their brain further.

☆ How a family's struggle to help their son gave rise to controversial $400 million psychedelics giant Compass Pathways
▼ + stars: | 2023-02-15 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +18 min

Today, Compass Pathways, the for-profit company they launched in 2016, is a Nasdaq-listed firm worth about $400 million. Compass Pathways Show lessIt could also boost the dozens of psychedelics companies inspired by Compass that have been formed in recent years. Insider spoke with more than a dozen industry participants to chart the rise of Compass Pathways and its role in the psychedelics boom. He recalled the 2018 Quartz article that detailed the growing alarm around Compass Pathways' "magic mushroom monopoly." Were it not for his decision to take a break from college, and his parents' efforts to find a treatment, Compass Pathways might not exist.

Experts estimate that about half of the German electric vehicles registered in the United States are leased. While the scale of the U.S. subsidies has attracted most attention, the EU has large potential resources of its own. THE REAL PROBLEM"The amounts of subsidies in Europe are in line or even more than those in the United States, that is not the problem," said one senior European Union official. "The real problems are the incentives to make firms move production to the United States," said the official, referring to the local content requirements. To ensure Europe can compete with the United States, the European Commission on Wednesday proposed measures including loosening EU state aid rules and repurposing existing EU funds.

☆ India's Gen Z grapples with Modi's dark past in clashes over new documentary
▼ + stars: | 2023-01-28 | by ( Yashraj Sharma | ) www.nbcnews.com time to read: +8 min

Modi denies being complicit in the attacks, and India’s Supreme Court upheld a ruling last year that he should be cleared of all charges. The first part of the documentary is about Modi’s political career before he became prime minister. The second half of the BBC documentary, which aired in Britain this week, focuses on his leadership since then. Critics say Modi has promoted discrimination against India’s Muslim minority and quashed dissent, especially since his re-election in 2019. Students at Jamia Millia Islamia defied university warnings not to screen the BBC film.

New Delhi CNN —India has banned a BBC documentary critical of Prime Minister Narendra Modi’s alleged role in deadly riots more than 20 years ago from being shown in the country, in a move critics decried as an assault on press freedom. CNN has contacted Twitter and YouTube for comment but is yet to hear back. The two-part documentary “India: The Modi Question,” criticizes Modi, who was the chief minister of the western state of Gujarat in 2002 when riots broke out between the state’s majority Hindus and minority Muslims. The Indian government had declined to reply when contacted by the BBC, the statement added. The documentary explores an unpublished British government report obtained by the BBC, which the British public broadcaster said came in the form of a diplomatic cable.

☆ A Russian ship that's been off the coast of Hawaii for weeks is believed to be gathering intelligence, the US Coast Guard says
▼ + stars: | 2023-01-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

The US Coast Guard said Wednesday it is monitoring a Russian ship near Hawaii. The Coast Guard said the ship is believed to be gathering intelligence. "The Coast Guard operates in accordance with international laws of the sea to ensure all nations can do the same without fear or contest. The Coast Guard said it was coordinating with the Department of Defense to provide updates on the movement of the foreign ships. In May, the US Indo-Pacific Command said it was monitoring a Russian vessel near Hawaii.

☆ JPMorgan, Citi among firms facing potential divestment by Kentucky over energy 'boycott'
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

Jan 3 (Reuters) - Kentucky on Tuesday warned 11 major financial companies, including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and BlackRock Inc (BLK.N), of potential divestment over their "boycott" of energy companies. State government entities must notify the Treasurer of direct or indirect holdings in the companies in the list. They must also write to the firms, asking them to stop the "boycott" failing which, they could be subject to divestment, Kentucky State Treasurer Allison Ball said. In the past year, other states like West Virginia and Texas have also boycotted several financial firms. In the testimony, Blass said BlackRock is a significant investor in many energy companies like Exxon Mobil Corp (XOM.N) and Occidental Petroleum Corp (OXY.N).

☆ This is how Waffle House stays open during storms — including using a natural disaster playbook, emergency teams, and limited menus
▼ + stars: | 2022-12-23 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Waffle House keeps its nearly 2,000 locations open 24/7, even through many natural disasters. Waffle House takes natural disaster preparation so seriously that it's become an unofficial metric to measure the severity of storms for the Federal Emergency Management Agency, known as the "Waffle House Index." "If you get there and the Waffle House is closed? Every location is armed with a "Waffle House storm playbook" that has protocol for keeping the restaurant running in an emergency, including if electricity and running water are unavailable, Waffle House Director of External Affairs Pat Warner told NPR. The company shifts to a grill-only menu during natural disasters, Waffle House said.

☆ India signals it will continue to buy oil from Russia
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: +1 min

India's Minister of Foreign Affairs Subrahmanyam Jaishankar gestures as he answers questions during an interview in Brussels on February 17, 2020. India will prioritize its own energy needs and continue to buy oil from Russia, its foreign minister signaled Monday, as Western governments press Moscow with a price cap to squeeze its earnings from oil exports. Minister of External Affairs Subrahmanyam Jaishankar made the comments after holding talks with his visiting German counterpart, Annalena Baerbock, in which they discussed bilateral relations and Russia's war in Ukraine. Jaishankar said it isn't right for European countries to prioritize their energy needs but "ask India to do something else." India has so far not committed to the $60-per-barrel price cap on Russian oil set by the Group of Seven major industrialized countries and European Union that is expected to come into effect Monday.

Nov 23 (Reuters) - Georgia can enforce a law banning abortion after six weeks of pregnancy while the state appeals a lower court order striking it down, the state's highest court ruled on Wednesday. The Supreme Court of Georgia did not give a reason for its unanimous order. The state law, which originally took effect this past summer, has been challenged by Planned Parenthood and other abortion rights groups. Georgia passed a law banning abortion after a fetal heartbeat is detected, usually around six weeks, in 2019. He said the state legislature could pass a new law banning abortion now that Roe is overturned.

From exceeding your credit limit to fraud prevention, there are many reasons a credit card may be declined. Apply Now On Chase's website Apply Now On Chase's website Apply Now On Capital One's website6 of the most common reasons your credit card is declined1. You hit your credit limitIf you're at or near your credit limit, your card may be declined. Your credit card is expiredYour card will also be declined if it's past the expiration date. How to prevent your card from being declinedTo prevent your credit card from being declined, know your card's expiration date and notify your credit card company of international travel plans.

☆ Shopify's new C-suite: After a year of high turnover, the new leaders at Shopify include a CFO poached from Morgan Stanley and a new HR lead who is working to overhaul the e-commerce company's perform
▼ + stars: | 2022-10-31 | by ( Madeline Stone | ) www.businessinsider.com time to read: +11 min

Here are the people leading the e-commerce company through its next phase. Leinwand was previously senior vice president of engineering at Slack, and before that he was CTO at ServiceNow. Tia Silas, chief human resources officerTia Silas, Shopify's chief talent officer. John Asante, chief information-security officerJohn Asante, Shopify's chief information-security officer. Bobby Morrison, chief revenue officerMorrison joined Shopify as chief revenue officer — a new role for Shopify, reporting to the COO — in August.

Register now for FREE unlimited access to Reuters.com RegisterThe energy crisis triggered by the war in Ukraine has renewed interest in nuclear power. But without a reliable source of the high assay low enriched uranium (HALEU) the reactors need, developers worry they won't receive orders for their plants. But only TENEX, which is part of Russian state-owned nuclear energy company Rosatom, sells HALEU commercially at the moment. And this chicken and egg conundrum is complicating the smooth development of HALEU supply. "A reliable HALEU supply is one of many factors under consideration," the company said in an emailed statement.

☆ Shopify's new guard: Meet the 11 people leading the company after rampant turnover wiped out most of its C-suite
▼ + stars: | 2022-09-28 | by ( Madeline Stone | ) www.businessinsider.com time to read: +11 min

Here are the people leading the e-commerce company through its next phase. Leinwand was previously senior vice president of engineering at Slack, and before that he was CTO at ServiceNow. Tia Silas, chief talent officerTia Silas, Shopify's chief talent officer. John Asante, chief information-security officerJohn Asante, Shopify's chief information-security officer. Bobby Morrison, chief revenue officerMorrison joined Shopify as chief revenue officer — a new role for Shopify, reporting to the COO — in August.

☆ India says Ukraine conflict trajectory, outlook very concerning
▼ + stars: | 2022-09-22 | by ( Krishna N. Das | ) www.reuters.com time to read: +2 min

Stefani Reynolds/Pool via REUTERSNEW DELHI, Sept 22 (Reuters) - India told the U.N. Security Council on Thursday that the trajectory of the Ukraine conflict was very concerning and that the outlook was more so, as New Delhi sharpened its calls for peace. As long-term trade and defence partners, India and Russia have sided with each other for years. India has stepped up purchases of oil and coal from Russia since the Ukraine war began in February. loadingPutin ordered Russia's first wartime mobilisation since World War Two on Wednesday and threatened to use nuclear weapons to defend his country. The United States has been trying to wean India off its decades-old heavy reliance on Russia for military equipment.

CNN —The United States is in “deep” talks with India over its reliance on Russian arms and energy, a US State Department official said Tuesday, in a development that could further isolate Moscow on the international stage. “India is heavily, heavily dependent on Russia, and that’s something that they did to themselves over some 40 years: first their military and then their energy dependence,” the official said. The State Department official’s comments came hours before Russian President Vladimir Putin announced an escalation of Moscow’s offensive in Ukraine, calling for the immediate “partial mobilization” of Russian citizens. Annual India-US trade is more than $110 billion, compared to about $8 billion for India’s trade with Russia. India is also a member of the Quadrilateral Security Dialogue alongside the US, Japan and Australia.

☆ China and Russia present united front at regional summit despite differences
▼ + stars: | 2022-09-16 | by ( Nectar Gan | Rhea Mogul | ) edition.cnn.com time to read: +8 min

In recent months, China has offered Russia tacit support and stepped up economic assistance to its neighbor, boosting bilateral trade to a record high. But Kewalramani said the SCO could provide a "space (for India) to engage with China and Russia." "Particularly, being on the table while China and Russia are together, because the closer that relationship gets, the trickier it gets for India," he said. Since 2019, Iran, Russia and China have held three joint naval drills amid deepening ties. But some experts say in its current state, the SCO is not really the ideal platform for China and Russia to push that anti-West world order.

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