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That online test may be unconstitutional

Since the start of the pandemic, online learning has become far more common — and so have online examinations. Typically, the examination software also proctors the test, observing with the student’s own camera. Does this process violate the Constitution? A federal judge in Ohio decided last week that at least in some circumstances, the answer is yes. The court’s impeccable ...

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Will housing prices flatten — or collapse?

  Home price appreciation is slowing fast across the country under the weight of higher mortgage rates, with typical property values even falling month-over-month in about a fifth of major metro areas in July. Clearly, the slowdown is necessary if Federal Reserve policy makers are going to cool inflation and restore affordability to the housing market. The challenge is to ...

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Powell can’t count on a labor market miracle

  Federal Reserve Chair Jerome Powell’s dream of a miraculous and pain-free labor market disinflation just faced a surprise setback. Powell wants the number of job openings to decline to cool wage pressure, but a Labor Department report showed it’s starting to move in the wrong direction. Powell shouldn’t be betting the house on his scenario, and chances are that ...

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India’s Jet Airways in talks to order about 50 Airbus A220s

  Bloomberg Jet Airways India Ltd. is in advanced talks to order about 50 Airbus SE A220 aircraft, according to people familiar with the matter, marking what could be a fresh beginning for the bankrupt carrier that’s attempting to make a comeback. Deliveries of the new aircraft will start in 2025, the people said, asking not to be identified because ...

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Bed Bath & Beyond sinks after saying it may sell shares

Bloomberg Bed Bath & Beyond Inc shares plunged in premarket trading on Wednesday after the home-goods retailer announced in a filing that it may offer, issue and sell shares of its common stock from time to time. Shares in the retail-trader favourite sink as much as 21% as of 6:42 am New York time, erasing an earlier gain of as ...

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Ryanair sees recession threat to aviation’s winter recovery

  Bloomberg Ryanair Holdings Plc sees soaring inflation, Brexit-related challenges and a potential recession threatening the aviation industry’s recovery as a summer boom draws to a close. While Europe’s biggest discount carrier is maintaining plans to boost winter capacity and continues to see strong growth, the resurgence is fragile and prone to external shocks that also include an escalation in ...

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Italy taps Air France-KLM, Delta for ITA Airways sale

Bloomberg An investor group including Air France-KLM and Delta Air Lines Inc. looks primed to buy Italy’s fledgling state-controlled carrier, after being selected over a rival bid from a team that included Deutsche Lufthansa AG. The Rome-based Finance Ministry, which is running the process to find a new owner for ITA Airways, said on Wednesday that it will start exclusive ...

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Hong Kong retail sales rise in July

  Bloomberg Hong Kong’s retail sales rose more than expected in July, reversing two months of declines as the city attempts to mount a recovery from Covid-19 curbs and other headwinds. Retail sales value rose 4.1% in July from a year ago, the Census and Statistics Department said on Wednesday. That compared to a median estimate of a 1.4% rise ...

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Taiwan warns of severe military challenge as China edges closer

Bloomberg Taiwan warned it faces “severe military challenges” from surging Chinese military activity edging closer to the island, as Beijing tries to change the status quo in the Taiwan Strait. Taipei expects the People’s Liberation Army to continue sending warships and jets across the median line that divides the waterway, the island’s Ministry of National Defense said in an annual ...

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Imran Khan to explain speech as Pakistan court mulls contempt

  Bloomberg A court in Pakistan told former Prime Minister Imran Khan to explain in writing his angry comments against a female judge who had denied bail to Khan’s close aid, as it continues to mull initiating contempt proceedings against him. A five-judge panel headed by Chief Justice Athar Minallah directed the former leader to submit a response within a ...

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