China’s latest stimulus effort unintentionally creates chaos in its financial markets as short-term rates hit 50%

[ad_1] China’s bid to provide stimulus through increased bond issuance has led to a cash crunch, Bloomberg reported. This week, banks issued a form of short-term debt at the highest…

FAA says problem that grounded flights happened when files were unintentionally deleted

[ad_1] Last week’s massive flight disruption that grounded thousands of planes was caused after “contract personnel unintentionally deleted files,” the Federal Aviation Administration said Thursday. On Jan. 11, the FAA…

FAA says contractor unintentionally deleted files before outage disrupted thousands of flights

[ad_1] An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb |…