Fewer layovers, better-connected airports, more firm growth
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Updates every hour. Last Updated: 19-Jan-2026 07:11 ET (19-Jan-2026 12:11 GMT/UTC)
Looking at international air travel and multinational firm formation over a 30-year period, MIT researchers found multinational firms are more likely to locate their subsidiaries in cities they can reach with direct flights, and that this trend is particularly pronounced in knowledge industries.
The 2026 MRS International Risk Conference will be held in Honolulu, Hawaii, from July 17 to 19, 2026. Hosted by the Shidler College of Business at the University of Hawaii and jointly organized by China Finance Review International (CFRI) and the Modern Risk Society (MRS), the conference invites submissions from scholars worldwide on a broad range of topics related to risk and capital markets. Under the theme “AI in an Uncertain World,” the conference aims to advance research on global financial risk management with a particular focus on modern and emerging risks. Selected papers presented at the conference will be considered for a special issue of the Pacific-Basin Finance Journal. The conference will feature a keynote address by Professor Torben G. Andersen of Northwestern University and will present multiple research excellence awards. The submission deadline for conference papers is February 10, 2026 (Eastern Time).
When AI is used to write code that interacts with so-called legacy systems with outdated software, expensive problems arise, costing U.S. companies an estimated $1.5 trillion in reduced productivity and cybercrime. Research by Edward Anderson Jr., professor of information, risk, and operations management, finds ways companies can avoid common pitfalls.
There is an increasing demand for novel materials with high-temperature oxidation resistance in harsh environments. Now, a joint research team from Jeonbuk National University and Korea Institute of Materials Science have demonstrated promising alumina-forming ferritic alloys that exhibit high-temperature oxidation resistance even under prolonged steam exposure. They achieve an outstanding balance between steam oxidation resistance, high-temperature strength, and cost- effectiveness, making them lucrative for high-temperature structural applications in extreme environments.