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Indian startup Jeh Aerospace founders Vishal Sanghavi and Venkatesh Mudragalla have had a front row seat to the commercial aircraft sector and its growing production bottleneck. The two former Tata Group executives spent close to two decades in different positions at the company and worked on projects that included participation from global aerospace companies, including Boeing, Sikorsky, and Lockheed Martin. Now, armed with $11 million in Series A funding, the pair are working to ease global supply chain bottlenecks by scaling the production of metallic components for aero engines and aerostructures, which it then sells to U.S.-based Tier 1 suppliers…

CNN  —  You can listen to this story on CNN’s Chance Encounters podcast. When American teenager Kerri Cunningham was dragged by her parents to Europe in the summer of 1993, she was less than impressed. Dragged might sound like dramatic wording, but that’s how 14-year-old Kerri saw it at the time. Kerri reacted to the vacation plans “from the teenage point of view of ‘Oh, it’s taking away from my summer break, and I want to hang out with my friends.’” Leaving her beachside hometown in the Hamptons, in New York, was the last thing she wanted. “I was dreading…

NEW YORK (AP) — Pulitzer Prize-winning novelist Richard Russo i s the latest author to be welcomed into the inner circle of Oprah Winfrey book club picks. Winfrey announced Tuesday that she had selected Russo’s “Bridge of Sighs,” a 2007 novel centered in a rural New York community. Russo has set much of his work in small, Northeastern towns, including “Nobody’s Fool,” later adapted into a movie of the same name that starred Paul Newman; and “Empire Falls,” winner of the Pulitzer in 2002 and the basis for an Emmy-winning HBO series that featured Newman and his wife, Joanne Woodward.…

Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty ImagesPfizer on Tuesday hiked its full-year adjusted profit guidance on its cost cuts and strong business performance this year.The company also reported second-quarter results that topped Wall Street’s estimates for the period, as revenue from its Covid products and some other drugs jumped.Shares of Pfizer rose more than 2% in premarket trading on Tuesday.Pfizer now expects full-year adjusted profit to come in between $2.90 to $3.10, up from a previous guidance of $2.80 to $3 per share. The…

At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground, as the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight Ventures. The all-equity round brings the Tashkent-headquartered startup’s post-money valuation to approximately $1.5 billion — a nearly 30% jump from the $1.16 billion valuation it announced when it first hit unicorn status in March last year. Founded in 2022, Uzum started its journey in Uzbekistan…

Piotr Swat | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines.Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.44 adjusted vs. $1.46 expectedRevenue: $1.93 billion vs. $1.94 billion expectedYum reported second-quarter net income of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a year earlier.Excluding refranchising gains and other items, the company earned $1.44 per share.Net sales climbed 10% to…

Facebook Tweet Email Link Dana Santas, known as the “Mobility Maker,” is a certified strength and conditioning specialist and mind-body coach in professional sports, and is the author of the book “Practical Solutions for Back Pain Relief.” Whether you’re taking a morning walk or chasing after a little one, your feet bear your body weight with every step you take. Yet they are often one of the most neglected aspects of any fitness routine. Like any other part of your body, your feet respond to training. Overlooking them can have far-reaching consequences. Your feet are your body’s foundation, so when…

When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on the call. “I’d spend my weekends uploading receipts, reconciling every expense manually.” Now, Alaan, the company he launched with fellow McKinsey alumnus Karun Kurien, is the Middle East’s leading spend management platform. It just announced that it raised $48 million in Series A funding led…

Facebook Tweet Email Link London Reuters  —  Britain said it will begin implementing a deal to return some migrants who arrive on small boats to France within days, a key part of its plans to cut illegal migration, after a treaty on the arrangement is ratified on Tuesday. Under the new deal, France has agreed to accept the return of undocumented people arriving in Britain by small boats, in exchange for Britain agreeing to accept an equal number of legitimate asylum seekers with British family connections. Prime Minister Keir Starmer and French President Emmanuel Macron announced the “one in, one…

Elon Musk says he’s bringing back Vine — sort of. The X owner announced over the weekend that the company discovered the video archive for the popular short-form video app, thought to have been deleted, and is working to restore user access. Vine — something of a precursor to today’s TikTok, but with only six-second-long looping videos — was acquired by Twitter back in October 2012 for $30 million to expand the social media platform’s video ambitions. Unfortunately for Vine creators and fans, the company fumbled the app’s potential and decided to shut down Vine in 2016 by limiting all…