South Asia | India | Business

Meet Captain Monica Khanna, who safely landed SpiceJet flight after engine fire

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Captain Monica Khanna’s quick-thinking saved the lives of around 185 passengers on board the SpiceJet flight that caught fire shortly after takeoff on Sunday. The Delhi-bound SpiceJet flight safely returned to Patna after cabin crew noticed sparks flying out of the left engine of the aircraft and alerted the pilots. Captain Monica Khanna – the pilot in-charge – acted calmly and took control of the situation. After consulting with First Officer Balpreet Singh Bhatia, she switched off the affected engine and landed the ‘overweight’ aircraft skillfully in Patna.
North America | United States | Business

Bumble Cofounder Becomes World’s Youngest Self-Made Woman Billionaire, Thanks To IPO

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Whitney Wolfe Herd ended the day Thursday with a net worth of $1.5 billion based on Bumble stock closing at $70.31.] Shares of dating app Bumble soared in its IPO on Thursday, turning its 31-year-old CEO and founder Whitney Wolfe Herd into the world’s youngest self-made woman billionaire. Her nearly 12% stake in the company was worth $1.6 billion as of 12:40 p.m. EST on Thursday. Bumble stock opened at $76, much higher than its initial IPO price of $43 per share. The company made its debut hours after the markets opened on Thursday.
Europe | U.K. | Business

Supermodel turned investor: what Natalia Vodianova did next

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The statistics on the struggles of female entrepreneurs are a depressing read: 90 percent of funding goes to all-male founder teams in the UK, and, in the US, all-male teams are four times more likely to get investment than if they have even one woman in the team. But the story is different if you cross paths with Natalia Vodianova, the supermodel. The 37-year-old is putting to good use the money earned in a two decades-long fashion career from huge contracts with brands such as Calvin Klein and Guerlain. Now she spends her days managing a portfolio of “impact investments”: busine
Asia | China | Business

Alipay is investing $145 million to grow women’s soccer in China

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China's national women's soccer team just got a big boost from online payments app Alipay. The Alibaba-affiliated company is taking the lead on a 1 billion yuan ($145 million) commitment to support Chinese women's soccer over the next decade. The foundations of Alibaba (BABA)co-founder Jack Ma and executive vice chairman Joe Tsai are also taking part in the pledge. It is the biggest investment in women's soccer in China ever, according to Alipay. Alipay wants to bring "technology, funds and resources to better support the development of women's soccer in China," a spokesman for
Asia | China | Arts

‘Shanghai Is an Adventurous Place’: Why Dealer Almine Rech Is Opening Her Fifth Gallery in the Chinese City Next Month

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With spaces in Paris, London, New York, and Brussels, French dealer Almine Rech has quietly reached mega-gallery status, and now she’s set to add yet another location to her list: Shanghai. Rech says she has witnessed the Asian art market blossom over the last decade, so much so that it no longer made business sense to just participate in the fairs there. “The market has evolved a lot,” Rech tells artnet News. “Now, for instance, in the West Bund fair in Shanghai or Art Basel Hong Kong—which I’ve participated in for much longer as it’s an older fair—we sell mostly to Asians
Europe | Netherlands | Business

Top engineering university to open jobs exclusively to women

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Job vacancies at one of Europe’s leading engineering universities will be open exclusively to female candidates for at least the next 18 months in order to overcome the institution’s “implicit gender bias”. The rector of the Eindhoven University of Technology, Frank Baaijens, said progress towards a better balance of men and women in academic roles had been stubbornly slow. The proportion of vacancies that will be open only to women will be adapted after 18 months of a five-year programme to reflect the success or otherwise of the scheme. About 150 jobs are expected to become
Europe | Switzerland | Activism

Women across Switzerland are on strike. They’re protesting the gender pay gap

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Swiss women are striking en masse on Friday, in a 24-hour nationwide protest to highlight the country's poor record on gender equality and the gender pay gap. The umbrella movement — which encompasses women from trade unions, feminist groups and women's rights organizations — argues that one of the world's richest nations has given half of its population a poor deal. Minutes after midnight, the first protesters took to the streets under the demonstration's motto: "Pay, time, respect," kicking off a day of events aimed at drawing attention to a gaping divide in gender equality a
International | Business

10 highest-paid female CEOs for 2018

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Here are the 10 highest-paid female CEOs for 2018, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 340 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy statements between Jan. 1 and April 30. Some companies with highly paid CEOs do not fit these criteria. Compensation often includes stock and option grants that the CEO may not receive for years unless certain performance measures are met. For some companies, big raises occ
Africa | Ethiopia | Activism

Ivanka Trump in Ethiopia to ‘promote women’

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President Donald Trump's eldest daughter, Ivanka Trump, is in Ethiopia to promote a US government initiative aimed at advancing women's participation in the workplace. The initiative aims to benefit 50 million women in developing countries by 2025. Ms Trump toured a female-run textile facility in the capital, Addis Ababa. The US policy in Africa under President Trump has prioritised the war on terror and checking the influence of China. When his administration's long-delayed policy on Africa was finally unveiled at the close of 2018, many observers of the continent were quick to poin
North America | United States | Business

At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire Ever

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Forbes estimates Jenner’s company is worth at least $900 million. She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion. She’s the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger age than even Mark Zuckerberg (who was 23 when he hit that mark). The beauty of Kylie Cosmetics, which Jenner started in 2015, is its minuscule overhead—and the outsize profits that go straight into Jenner’s pocket. Her empire consists of just seven full-ti
North America | United States | Business

Ivanka Launches $50 Million Program Empowering Women In The Workplace

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President Trump is planning to introduce an initiative on Thursday that will seek to help bring economic security to 50 million women across the world by 2025, a program that his eldest daughter, Ivanka Trump, has hailed as a nonpartisan and “generous” approach to women’s empowerment. The plan, which the White House is calling the Women’s Global Development and Prosperity Initiative, will draw from a $50 million starter fund from the United States Agency for International Development, and will team up with several private companies, including UPS and Walmart, Ms. Trump said. The White
North America | United States | Business

The CIA’s Top Directorates Are All Women — Reportedly For The First Time Ever

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CIA Director Gina Haspel — the first woman to ever head the intelligence agency — has appointed Cynthia "Didi" Rapp as the agency's deputy director for analysis. While Rapp isn't the first female to serve as deputy director of the CIA's Directorate of Analysis, her recent appointment has helped women break a major barrier at the CIA. According to NBC News, three of the CIA's top directorates are now headed by women — reportedly for the first time ever. Rapp's appointment follows Elizabeth Kimber's appointment as deputy director for operations in early December. According to The Hill
North America | United States | Business

Susan Zirinsky will replace David Rhodes as CBS News president, becoming first woman to lead division

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Longtime producer Susan Zirinsky is replacing CBS News President David Rhodes in March, becoming the first woman to lead the storied division in the network’s history. Zirinsky had been a leading candidate to become the executive producer of the network’s newsmagazine “60 Minutes,” replacing the program’s ousted leader, Jeff Fager. But CBS Corp. acting Chief Executive Joseph Ianniello wanted to put Zirinsky in a larger role as Rhodes, who has been president of CBS News since 2011, is nearing the end of his contract and indicated he was ready to make an exit. He had been brought
North America | United States | Business

5 Things People Say to Women Leaders That Make Them Sound Really Dumb

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A woman CEO goes public with the most cringe-worthy comments female bosses regularly hear. Here are a few facts about what Lumi founder Jesse Genet has accomplished so far: invented a product, raised $270,000 on Kickstarter, placed her product in 1,500 stores, generated seven-figure sales, appeared on Shark Tank, and gotten into Y Combinator. All before age 30. Oh, and she's also a woman. This final fact shouldn't matter much, but according to a revealing piece Genet recently posted to Medium, it does. Her darkly humorous rant runs through all the ridiculous, insulting, and simply baf