Sheryl Sandberg, the chief operating officer of Meta Platforms Inc, is resigning after 14 years of running the company alongside Mark Zuckerberg. It was “time to write the next chapter of my life,” she said in a 1,542-word post on Facebook accompanied by effusive comments from her fellow executives at the company. Her departure had been anticipated for some ...

Even in 2022, pensions still command an aura of reverence. A benefit where you work for one company for 30 years and then retire with a livable wage? And you don’t have to fret about picking investments? What’s not to like? Although pensions are increasingly rare in the US, they’re not obsolete. About 38% of the private workforce had access ...

  A recent national analysis contained a deeply disturbing finding that has generated little public discussion when it should be causing an outcry: Nearly 1.3 million students have left public schools since the pandemic began. Most states have seen enrollment declines for two straight years. In New York City, K-12 enrollment has dropped by an astounding 9%. Given that state ...

  Treasury Secretary Janet Yellen has finally admitted how badly she underestimated the inflationary threat last year. Although President Joe Biden himself continues to insist the economy is better than it looks, even he acknowledges that Americans won’t view the economy more favourably until rising prices are tamed. He’s also offered the crucial concession that the Federal Reserve must be ...

Bloomberg Delta Air Lines Inc fell, leading declines across the airline industry, after saying fuel and a decrease in flying capacity are driving costs higher than what the carrier had expected, overshadowing an otherwise upbeat forecast. Costs for each seat flown a mile, an industry gauge of efficiency, will be up as much as 22% this quarter compared to 2019 ...

  Bloomberg Vistara, an Indian joint venture of conglomerate Tata Group and Singapore Airlines Ltd, has been fined after a first officer landed a passenger flight without completing required training. The incident, which occurred during a landing in the central Indian city of Indore, was a serious violation that endangered the lives of passengers on board, according to a senior ...

  Bloomberg Sri Lanka is recommending airlines carry enough jet fuel to last return trips or fill up elsewhere, as the island grapples with a shortage of everything from oil to food due to a foreign-exchange crisis. “We’ve asked airlines to carry the required fuel while operating to Sri Lanka, because there is a shortage of aviation fuel, and we ...

  Bloomberg Europe is pulling in huge quantities of jet fuel as people get ready to take to the skies in droves this summer. The region sucked in more than 13 million barrels of jet-type fuel in May, the highest monthly imports since October 2020, according to data from Vortexa compiled by Bloomberg. Consumption is forecast to surge this summer ...

  Bloomberg Canada’s transport regulator has ruled that low-cost carrier Flair Airlines Ltd is “Canadian” enough to continue operating flights in the country. The discount airline has made changes to its structure and now “meets the incorporation and voting interest requirements” required by law, Canadian Transportation Agency said in its final determination. The regulator said in its preliminary determination that ...

Bloomberg Hong Kong’s retail sales surprisingly rebounded in April, lifting the sector out of contraction after strict Covid curbs hammered consumer spending earlier this year. Sales value rose 11.7% in April from a year earlier, the Census and Statistics Department said. That was far better than the median estimate of a 7.9% decline expected by economists in a Bloomberg survey. ...