March, 2022

• 21 March

  Gender pay gap shows stock-option excess

    The gender pay gap among the top ranks of US firms ought to be narrowing. Corporations have long been under pressure to increase the number of women on their boards. And yet the measure has widened. This should sound an alarm over the persistent lack of women in leadership roles — but it also underscores how stock-based compensation is ...

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• 21 March

  Putin’s invasion challenges green aversion to N-power

    Ever since the 1970s, European Green parties have argued passionately for cutting carbon emissions from the continent’s energy, while at the same time reflexively shunning the world’s only reliable source of zero-carbon electricity: nuclear power. Russia’s Ukrainian invasion is punching big holes in the logic of this position. That is especially true in Germany and Belgium, countries where the ...

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• 21 March

  Mexico City’s newest airport set to open with few flights

  

    Bloomberg Mexico City’s newest airport, opening on March 21, is meant to relieve traffic at the mega-city’s main hub. The eight daily flights it will start with won’t achieve this — but that’s beside the point for President Andres Manuel Lopez Obrador. The Felipe Angeles airport, located about 50 kilometres (31 miles) north of Mexico City’s centre, is a ...

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• 21 March

  Judge dismisses Amazon antitrust lawsuit in DC

  

  Bloomberg A Superior Court judge dismissed Washington’s lawsuit accusing Amazon.com Inc of anticompetitive behaviour, saying there wasn’t evidence supporting the claim that the e-commerce giant inflated prices for consumers. Attorney General Karl Racine sued Amazon last year, alleging it encourages higher-than-necessary consumer prices through policies that guarantee the tech giant a minimum profit on each item sold, while discouraging the ...

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• 21 March

  US cites Abramovich’s jet in Russian export breach

  Bloomberg The Biden administration identified billionaire Roman Abramovich’s Gulfstream business jet among 100 for apparent violations of the nation’s export controls imposed over Russia’s invasion of Ukraine. The sanctions apply to commercial and private aircraft destined for Russia and Belarus in recent weeks, the Commerce Department’s Bureau of Industry and Security said in a statement. Other planes were listed as ...

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• 21 March

  Russia used ‘Kinzhal’ missiles on cities, top Ukraine aide says

  

  Bloomberg Russia has turned more destructive artillery, including “Kinzhal” hypersonic missiles, against Ukrainian cities, a top Ukrainian aide said. “Kinzhal & Bastion systems are used against peaceful cities,” Mykhailo Podolyak, an adviser to the office of President Volodymyr Zelenskiy, said on Twitter. It was the first official response from Ukraine to Russia’s claims that it has fired the powerful missiles ...

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• 21 March

  South Korea’s National Security Council meets on North’s projectile

  

    Bloomberg South Korea convened a National Security Council (NSC) meeting to discuss North Korea’s launch of a short-range projectile, according to the presidential office. North Korea appears to have fired from its multiple rocket launcher this morning, the Joint Chiefs of Staff in Seoul said in a text message to reporters. The military has been maintaining defense readiness while ...

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• 21 March

  ‘Majority of Japanese worry China may invade Taiwan’

    Bloomberg Three in four Japanese people worry that China may take military action against Taiwan or a set of disputed islands in the East China Sea, according to a survey by the Kyodo News. They are concerned that Russia’s invasion of Ukraine could induce China to make similar offensives, respondents said in the poll conducted over the weekend. Public ...

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• 21 March

  India’s dependence on Russian weapons tethers Modi to Putin

  

  Bloomberg For all the success of the US-led campaign to isolate Russia on the world stage, India has stood out as one major democracy that has been reluctant to criticise Vladimir Putin — and billions of dollars in weapons purchases mean that’s unlikely to change anytime soon. Prime Minister Narendra Modi’s government is facing more pressure from fellow members of ...

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• 21 March

  Somalia’s oil-rich regional head reveals run for ’22 presidency

  

    Bloomberg The head of Somalia’s oil-rich Puntland, Said Abdullahi Deni, announced that he’s running for Somalia’s 2022 presidency, following a meeting with new members of parliament elected from that region. The leader, who is a critic of incumbent president Mohamed Abdullahi Mohamed, made the announcement in Garowe, the state’s regional capital in a televised speech. “I’m running for Somalia’s ...

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