Shutdown

‘Get rid of the filibuster’: Trump’s shutdown ultimatum divides Republicans, urges Senate to ‘go nuclear’

President Donald Trump urged the Senate to abolish the filibuster to bypass Democrats and end the prolonged government shutdown, as Americans face food insecurity, rising health costs, and political deadlock.

Polls: Public frustration mounts as Trump, lawmakers equally faulted for ongoing shutdown

A new AP-NORC poll shows most Americans blame both President Donald Trump and Congress for the prolonged government shutdown, viewing it as a major problem with no resolution in sight.

After GST notices over Rs 40 lakh UPI turnover, Karnataka’s small traders threaten shutdown on July 25

Small traders allege they are being unfairly targeted with massive tax demands by the Karnataka Commercial Taxes Department.

Hell at Heathrow: Airport meltdown hits 37 flights from India, thousands stranded

While the London airport expects to function at `100 percent’ capacity from tomorrow, it may take up to a week for airlines to accommodate all the passengers.

1,350 flights affected after West London fire causes massive blackout and shuts operations at Heathrow Airport

Eurocontrol, which handles air traffic control operations across Europe, stated on it's website that no flights were allowed to arrive at Heathrow airport and that diversion plans were in place for all incoming flights.

Normal life affected in Kuki-dominated areas of Manipur as agitators enforce shutdown

The situation in Kangpokpi district, where at least one person was killed and 40 others were injured in clashes between Kuki demonstrators and security forces on the previous day, remained tense but calm on Sunday

Women-focused finance app SALT pauses operations amid user acquisition challenges

MySalt was launched in 2020 by Chaitra Chidanand, Shinjini Kumar and Aditi Sholapurkar. The firm is looking for strategic investments to restart the business.

US Government Shutdown’s Economic Risks Grow the Longer It Lasts

Federal contractors ranging from Elon Musk’s SpaceX to janitorial service providers for local federal buildings are bracing for up to $1.9 billion a day in lost and delayed revenue as funding lapses Oct. 1.

Lightspeed-backed Frontrow shuts operations

This came months after the company laid off 75 percent of its staff and said it would “start from scratch.” After two rounds of layoffs in May and October 2021, the company was left with about 35-40 employees.

NSE, NCL settle 2021’s tech glitch-led shutdown with Rs 72. 64 crore, community service by chiefs

NSE’s MD and CEO Vikram Limaye, NCL’s MD Vikram Kothari and NSE’s CTOO Shiv Kumar Bhasin will have to commit to pro bono community service of at least 14 days over the next year

Lightspeed-backed Frontrow mulls sale or shutdown, months after layoffs, restart

The company’s backers including Lightspeed Venture Partners are looking for potential acquirers for the company, sources said, adding that if these talks fall through, the company might consider to close its operations.

Oil prices continue slump in fallout from SVB shutdown

Brent crude futures fell $1.64, or 2%, to $79.13 a barrel by 1001 GMT. U.S. West Texas Intermediate crude futures (WTI) dropped $1.74, or 2.3%, to $73.06 a barrel. On Monday, Brent and WTI fell to their lowest since early January and December, respectively.

Tesla reports decline in deliveries, hurt by China's Covid shutdown

The world's biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries

Startup layoffs cross 10,000 mark as companies restructure, attempt to reduce cash burn amid funding winter

This comes after a year of aggressive hiring by startups and high employee costs as tech salaries skyrocketed in 2021. Startups led the tech hiring and talent war in a year that saw immense investor interest and multiple rounds of fundraises by these companies.

Severity of Covid19 disruptions on MSMEs understated

The government is understating the severity of the impact of COVID-19 on small businesses and underreporting the proportion of units that have shut down, representatives of these businesses have said.

Goldman Sachs expects disposable income of Americans to grow despite 30 million job losses

The economic ramifications of the pandemic may have panned out already as the US and other economies are planning an exit strategy from the lockdown, it has said.

Coronavirus | An epidemic of incompetence and insecurity

China’s repeated crises point to the weaknesses in the political system of reporting and accountability.

Delhi: Cab driver convinces US man of shutdown in city, dupes over Rs 90,000

George Vanmeter, who reached the Delhi's IGI airport on October 18, was allegedly convinced by the driver-- Ram Preet, a resident of Geeta Colony, and his accomplices that there was a shutdown in the city due to festivals.

Donald Trump signals no end to shutdown: 'You have to have a wall'

Trump vowed to hold the line, telling reporters during a visit to Iraq that he'll do "whatever it takes" to get money for border security. He declined to say how much he would accept in a deal to end the shutdown, stressing the need for border security.

10 startups that shut shop in 2016

The slowdown in funding and stiff competition from foreign players forced many startups to either shut shop or curtail their operations. Companies such as Flipkart, Paytm, Pepperfry posted huge losses in FY16, indicating a mad rush amongst online majors to achieve volume-based growth.