A section of an under-construction flyover collapsed in the Samba district of Jammu and Kashmir. The incident resulted in the death of one labourer at the site. A second worker sustained critical injuries in the collapse. The accident occurred while construction work was underway on the flyover project.
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John Overdeck, co-founder of prominent AI-driven hedge fund Two Sigma Investments, is embroiled in what is reported to be New Jersey's largest-ever divorce case. His wife, Laura Overdeck, is seeking a significant equity stake in the firm as part of her financial claims. The dispute centers on disagreements over the fund's valuation at the time of their marriage and how shared assets should be divided. The case also involves questions surrounding trusts established for the couple's children. Beyond the financial stakes, the legal battle has implications for leadership structure at Two Sigma itself.
High-frequency trading (HFT) firms in India are offering extraordinary compensation packages to interns as competition for quantitative talent intensifies. Companies like Quadeye and Graviton Research Capital are among those significantly boosting their internship offerings. Global trading firms are also joining the race to recruit top candidates from premier academic institutions. This surge in hiring activity comes against the backdrop of tighter derivatives regulations and a relatively subdued equity market. The trend reflects the growing premium these firms place on skilled quantitative professionals early in their careers.
At least eight people have died in Nepal following devastating flash floods that originated in Tibet. The floods sent torrents of muddy water surging through mountain valleys in Himalayan districts along the Tibetan border. Several villages in the affected areas were washed away by the force of the floodwaters. Videos shared by Nepal Police on social media captured the scale of destruction as the floods tore through the region.
Devastating flash floods struck the Bhote Koshi river in Nepal, causing widespread destruction in the region. The floods severely damaged Timure Bazaar, a local market area near the border. The Rasuwa border crossing, including its customs facilities, was also heavily impacted by the floodwaters. Videos circulating online captured the rapid destruction of bridges and residential structures within seconds.
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