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Indian held for unruly behavior with woman on airline flight

Indian police have arrested an unruly airline passenger following a complaint by a woman aboard an Air India flight from New York that he urinated on her in business class NEW DELHI -- Indian police have arrested an unruly airline passenger following a complaint by a woman aboard an Air India flight from New York that he urinated on her in Business class. Shankar Mishra was picked up by police in the southern city of Bengaluru and brought to the Indian capital on Saturday, New Delhi Police spokesperson Suman Nalva said on Sunday. Nalva declined to say what Mishra told investigators after his arrest. The Times of India newspaper cited Mishra as saying that he was drunk and could not believe what he had done. A New Delhi court sent him to prison for 14 days as police investigate the complaint accusing Mishra of outraging the modesty of a woman during the New York-New Delhi flight. If convicted, he faces up to three years in prison. Sugata Bhattacharjee, another passenger on the flig...

CES 2023: Smelling, touching take center stage in metaverse

The metaverse was a key theme during this year's CES tech gathering in Vegas LAS VEGAS -- Is the metaverse closer than we think? It depends on who you ask at CES, where companies are showing off innovations that could immerse us deeper into virtual reality, otherwise known as VR. The metaverse — essentially a buzzword for three-dimensional virtual communities where people can meet, work and play — was a key theme during the four-day tech gathering in Las Vegas that ends Sunday. Taiwanese tech giant HTC unveiled a high-end VR headset that aims to compete with market leader Meta, and a slew of other companies and startups touted augmented reality glasses and sensory technologies that can help users feel — and even smell — in a virtual environment. Among them, Vermont-based OVR Technology showcased a headset containing a cartridge with eight primary aromas that can be combined to create different scents. It's scheduled to be released later this year. An earlier, Business -focus...

Promotions, not job cuts, follow Southwest's holiday chaos

Southwest Airlines is making a number of executive promotions, but nobody is getting fired after thousands of flights were canceled in late December DALLAS -- Southwest Airlines announced a number of executive promotions on Monday, days after announcing that last month’s service meltdown will cost the company up to $825 million, but none of the changes involved the highest ranking officers. The airline said the changes “will strengthen our operational execution” while also saying they were long-planned and a continuation of restructuring that began in September under a new CEO, Robert Jordan. Four of the five executives getting promoted joined Southwest in 2001 or before, although one left for five years before returning to the Dallas-based airline. The most notable move was the promotion of Adam Decaire from vice president of network planning to senior vice president of network planning and network operations control. Southwest said this would add reliability to its operation by creat...

House GOP kicks off majority with vote to slash IRS funding

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS WASHINGTON -- WASHINGTON (AP) — House Republicans began their tenure in the majority Monday by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS, fulfilling a campaign promise even though the legislation is unlikely to advance further. Democrats had beefed up the IRS over the next decade to help offset the cost of top health and environmental priorities they passed last year and to replenish an agency struggling to provide basic services to taxpayers and ensure fairness in tax compliance. The money is on top of what Congress provides the IRS annually through the appropriations process and immediately became a magnet for GOP campaign ads in the fall claiming that the boost would lead to an army of IRS agents harassing hard-working Americans. The bill to rescind the money passed the House on a party-line...

Egypt's inflation surges on amid currency's dramatic slide

Egypt's statistics bureau says the nation is continuing to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes CAIRO -- Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country's statistics bureau said Tuesday. The state-run Central Agency for Mobilization and Statistics released figures showing that the annual inflation was at 21.9% last month, up from 19.2% in November. That's compared to 6.5% in December 2021, before inflation ballooned in 2022, following the outbreak of Russia's war on Ukraine that rattled the world economy. Prices in Egypt rose across many sectors, from food items and medical services to housing and furniture. Food prices increased by 4% on the average in December, with fruits and dairy products leading the list with 7.6% and 6.4% spikes, respectively. The higher inflation has inflicted heavy burdens on con...

How proposed government ban on controversial non-compete clauses could impact the economy

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"Start Here" spoke with an economic expert about the proposal made by the FTC chair to end non-compete agreements from worker contracts. Millions of Americans have had to struggle to find a new jobs due to a measure in their contracts that prevents them from working for a direct competitor following a set period of time. These non-compete agreements have been controversial for years, as some economic experts contend they hurt competition within the labor market. Lina Khan, the chair of the U.S. Federal Trade Commission, openly called for ending those clauses in a New York Times op-ed published on Monday. ABC News' "Start Here" podcast spoke with Sarah Miller, the executive director of the American Economics Liberties Project, a non-profit that advocates for antitrust regulations, about this proposal. STOCK PHOTO/Getty Images START HERE: Sarah, you’ve applauded this move. Why? SARAH MILLER: Absolutely so. Last week, the FTC proposed a new rule that would ban fu...

CEO of nationalized German gas supplier Uniper to step down

The CEO of energy company Uniper has decided to step down after the German government nationalized the gas supplier last month BERLIN -- The CEO of energy company Uniper has decided to step down after the German government nationalized the gas supplier last month, Uniper said Tuesday. Klaus-Dieter Maubach is exercising a special right to terminate his contract and will leave the board this year, Uniper said in a statement. It added that Maubach, who has led the company since March 2021, was willing to stay in the job until a suitable replacement is appointed. The German government announced its plan to nationalize Uniper in September, expanding state intervention in the energy sector to prevent a shortage resulting from Russia’s war in Ukraine. The deal built on an initial rescue package agreed in July and featured a capital increase of 8 billion euros ($8.5 billion) that Germany financed. Shortly before Christmas, the government took a stake of some 99% in the company. Uniper's...

SEC charges former McDonald's CEO with misleading investors

The Securities and Exchange Commission is charging McDonald’s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019 Former McDonald’s CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about the circumstances of his firing by the burger giant in November 2019. Easterbrook was ousted for engaging in an inappropriate personal relationship with a McDonald’s employee in violation of company policy, the Securities and Exchange Commission said in its order Monday. But the separation agreement with McDonald's concluded that his termination was without cause, which allowed him to keep substantial compensation in McDonald's stock that he otherwise would have forfeited, the agency said. The SEC said Easterbrook's separation agreement was valued at more than $40 million. Easterbrook told the Chicago company at the tim...

China preparing to expand airline service to United States

Chinese state TV says Beijing is preparing to allow airlines to fly more routes between China and the United States following the end of anti-virus travel restrictions BEIJING -- The Chinese air Travel regulator is preparing to allow airline s to fly more routes between China and the United States following the lifting of anti-virus Travel restrictions, state TV reported Wednesday. U.S. and Chinese airline s are among some 40 carriers that have submitted applications covering some 700 flights per week involving 34 countries, China Central Television reported on its website. It gave no timeline for when normal flights might resume. China suspended most airline flights and other Travel into and out of the country following the outbreak of COVID-19 in 2020. Most restrictions on movement have been dropped. On Sunday, the first passengers were allowed to fly into China without being quarantined after arrival. The Civil Aviation Administration of China will talk with U.S. regulators to ...

Poland to send Leopard tanks to Ukraine, if others do, too

Polish President Andrzej Duda says that the European Union nation has decided to send a company of Leopard tanks to help neighboring Ukraine in the war with invading Russia LVIV, Ukraine -- Poland has decided to send a company of Leopard tanks to help neighboring Ukraine in the war with invading Russia, President Andrzej Duda said Wednesday. But Duda, on a visit to Lviv, said that the move would be possible only as an element in a larger international coalition of tank aid to Kyiv. Poland’s leaders have been indicating that they were in talks with other countries over a potential international coalition that would send the German-made Leopard tanks to Ukraine. They haven't named the countries. Within this potential international coalition, “we have taken the decision to contribute a first package of tanks, a company of Leopard tanks, which, I hope, together with other companies of Leopard and other tanks that will be offered by other countries will .... be able to strengthen Ukrai...

Top Russian military officer put in charge of Ukraine action

Russia’s top military officer has been put in charge of troops fighting in Ukraine on Wednesday MOSCOW -- Russia’s top military officer was put in charge of troops fighting in Ukraine on Wednesday, a move that appears to reflect the Kremlin’s dissatisfaction with the current leadership and flaws in the military's performance. Russia’s Defense Ministry said that Gen. Valery Gerasimov, the chief of the General Staff of the Russian armed forces, was named the new commander of the unified group of forces in Ukraine. The previous commander, Gen. Sergei Surovikin, was demoted to become Gerasimov’s deputy along with two other generals. The reshuffle, which was formally ordered by Defense Minister Sergei Shoigu, clearly came on Russian President Vladimir Putin's approval, signaling that he still has trust in his top military leaders who have faced broad criticism for the troops' performance in the conflict. It also suggests a recognition of flaws in carrying out what Putin called...

FTX naming-rights agreement for Miami Heat arena terminated in bankruptcy court

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A federal bankruptcy judge in Delaware agreed to terminate the naming-rights agreement between Miami-Dade County and FTX on Wednesday. The arena where the Miami Heat play can now get a new name following the collapse of cryptocurrency exchange FTX. A federal bankruptcy judge in Delaware agreed to terminate the naming-rights agreement between Miami-Dade County and FTX on Wednesday. The order terminates the 2021 contract that enabled the downtown facility to be called FTX Arena, retroactively to Dec. 30, 2022. MORE: Prosecutors launch website to notify Sam Bankman-Fried's alleged victims Miami-Dade County now must stop referring to the arena as FTX Arena in all public references and remove signage, advertisements and promotional materials. It is unclear when that process will begin. The 19-year, $135 million sponsorship agreement between FTX and Miami-Dade County went into effect in June 2021. Signage outside the FTX Arena in Miami, Nov. 17, 2022. Bloomberg via Getty Images The Mia...

Minimal airline delays, cancellations a day after US outage

Delays and cancellations among flights across the United States were minimal on Thursday, a day after a system that offers safety information to pilots failed, grounding some planes for hours Delays and cancellations among flights across the United States were minimal on Thursday, a day after a system that offers safety information to pilots failed, grounding U.S. air traffic and leading to thousands of stranded travelers. There were 636 delays into, within or out of the U.S. as of Thursday morning, according to flight-tracking website FlightAware. There were 82 cancellations. The Federal Aviation Administration said Wednesday that preliminary indications “traced the outage to a damaged database file.” The agency said it would take steps to avoid another similar disruption. The breakdown showed how much American air travel depends on the computer system that generates alerts called NOTAMs — or Notice to Air Missions. Before a plane takes off, pilots and airline dispatchers must review...

5 takeaways from Sam Bankman-Fried's surprising Substack blog post

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Former FTX CEO Sam Bankman-Fried offered the most extensive remarks since his arrest on fraud charges on Substack. Stuck in house arrest and awaiting trial, disgraced crypto executive Sam Bankman-Fried spoke out on Thursday with the most extensive remarks since his arrest a month ago. The fallen former CEO of FTX issued a 2,300-word rebuke of fraud and conspiracy charges, replete with charts and graphs. He said that he didn't steal customer funds, instead blaming the company's woes on a sharp downturn in the Cryptocurrency market. "I didn't steal funds, and I certainly didn't stash billions away," said Bankman-Fried, who pleaded not guilty last week. He's tentatively scheduled to stand trial in October. The account marked Bankman-Fried's first post on the newsletter platform Substack, which prompts readers to subscribe to receive future messages from Bankman-Fried directly in their inbox. Federal prosecutors charged Bankman-Fried last month in an...