Pakistan cozies up to China on trade after Trump tweet

Barely a day after being tweet-slammed by President Trump, Pakistan announced new measures that will strengthen its trade ties with China. Pakistan’s central bank said it has officially adopted China’s yuan as a currency for trade between the two countries, which are neighbors and allies. That means companies in China and Pakistan can now trade…

6 ways life in Saudi Arabia will change in 2018

Life in Saudi Arabia will look very different by the end of 2018. The kingdom is pushing ahead with an economic overhaul aimed at ending what Crown Prince Mohammed bin Salman once called its “addiction” to oil. Change is now coming thick and fast, and several major reforms announced since bin Salman unveiled his Vision…

Flying in 2017 was safer than it’s ever been

By nearly all measures, flying in 2017 was safer than ever. Last year, there were 10 fatal commercial passenger and cargo air crashes that killed 44 passengers and crew members. That compares favorably to the five-year average of 17 crashes with 495 deaths, according to the Aviation Safety Network (ASN), which tracks aviation incidents and…

Top CEO killed in New Year’s Eve plane crash

Richard Cousins, 58, had run Compass Group for more than 11 years. The CEO of one of Britain’s biggest companies and four of his family members were killed in a seaplane crash in Australia on New Year’s Eve. International catering firm Compass Group (CMPGF), a Global Fortune 500 company, said Monday that CEO Richard Cousins,…

Why Goldman Sachs gave an early payday to execs

In a race against looming changes to the tax code, Goldman Sachs handed out nearly $100 million worth of stock awards to some of its top executives. According to public filings posted Friday, ten Goldman executives — including CEO Lloyd Blankfein and much of the company’s C-Suite — were each scheduled to receive a batch…