š A Russian-US collision
Good morning, Quartz readers!
Hereās what you need to know
A Russian warplane struck a US drone over the Black Sea. The collision, allegedly caused by carelessness on behalf of Russian pilots, forced the US aircraft down into international waters.
Meta announced another 10,000 layoffs. The cuts are part of the social media giantās āyear of efficiencyā as it struggles amid a tech industry crunch.
US inflation slowed in February. A brace of bank failures will likely prompt the Federal Reserve to slow its rate-tightening regimen in March.
Police tried to arrest Pakistanās ex-prime minister. Violence broke out between supporters of opposition leader Imran Khan and the officers.
What to watch for
UK Chancellor Jeremy Hunt will announce his spring budget on Wednesday (March 15), and his speech is expected to focus on batting down inflation and jump-starting the UKās sluggish economy. Itās no coincidence that more than 100,000 workers, including London Underground drivers, NHS junior doctors, civil servants, and teachers, have picked such an occasion to strike for higher wages.
The budget is unlikely to provide the changes unions are looking for, Julia Malleck reports. But the countryās shrinking workforce plays a large role in Huntās plans, which seek to incentivize delayed retirement and bring retirees back into the labor force.
Where gender wage gaps are the widest
Yesterday may have been Equal Pay Day in the US, but the worldās largest economy has something embarrassing in common with many other developed countries. Quartzās reporters can explain why these gaps are stillāstillāhappening.
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Surprising discoveries
A common dry-cleaning chemical was linked to Parkinsonās disease. Trichloroethylene could be causing the neurological condition.
The ghost catfish isnāt completely transparent. We now know why it radiates rainbows. Ā
Argentina is launching a Malbec dollar. Itās an exchange rate thing aimed at increasing exports, but weāll continue picturing wine-soaked bills.
A 5,000-mile-wide seaweed blob is heading toward Florida. The largest bloom ever recorded was discovered via satellite.
Join Quartz Obsession podcast host Annalisa Merelli and Quartz senior reporter (and author of our newsletter Space Business) Tim Fernholz to learn what else satellite imagery can see, and why it impacts our lives.
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