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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.
North America | United States | Business

Female CEOs are 45% more likely to get fired than males. Here are 6 high-achieving women who bounced back after a major firing

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Are high-ranking women more likely than high-ranking men to get the axe? A troubling new study shows that the answer is yes for female CEOs — 45% more likely, in fact. The researchers don't have a lightning bolt of a reason why this is the case, but they do note that it happens even when the company is performing well. But here's the thing to realize, whether you're fired from the C-suite or on your way there: There's hope! Some of the most well-known and well-regarded women in almost every industry have lost one big job — or big client — at one point in their career. The good news f
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
North America | United States | Business

The Fortune 500 has a new woman CEO: Accenture’s Julie Sweet

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Accenture has named Julie Sweet as its next CEO, adding to the few woman who run major companies. The consulting company said Thursday that Sweet, 51, will take the top job in September. She's currently the head of Accenture's North America business, which accounts for almost 50% of the company's global revenues. Sweet joined Accenture (ACN) in 2010. She served as the company's general counsel after 10 years as a partner at the law firm Cravath, Swaine & Moore. There are more women CEOs of Fortune 500 companies than ever before. The latest Fortune list, publ
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
South Asia | Australia | Business

50 years after Australia’s historic ‘equal pay’ decision, the legacy of ‘women’s work’ remain

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June 19, 2019 is the 50th anniversary of Australia’s industrial relations system endorsing the principle of “equal pay for equal work”. Yet, five decades on, a gender pay gap remains. The 1969 decision was a breakthrough, but also highlighted the problem of putting principle into practice, given a legacy of past decisions being based on clear notions of “male” and “female” jobs. While various factors contribute to the overall gender pay gap, about 30% is due to gender concentrations by industry and occupation.
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

Google reviewed pay equity and learned it was underpaying men

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When Google reviewed its own pay structure recently, it yielded an unexpected result: It was underpaying more men than women for doing similar work, the company revealed in a blog postpublished Monday. The annual analysis comes as Google faces a class-action lawsuitthat alleges it denied career opportunities to women and systematically paid them less than men preforming similar work. The tech industry as a whole also is grappling with enduring criticism about a lack of diversity and dysfunctional work environments.

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