Category Archives: CNN – Business

Stacey Abrams: ‘Callous’ leadership in these states has left millions of Americans without health coverage

Stacey Abrams: ‘Callous’ leadership in these states has left millions of Americans without health coverage

Throughout the course of the pandemic, we have witnessed inequities ripple across our society, particularly along racial and socioeconomic lines. Most tellingly, this imbalance affects frontline workers — many of whom are people of color — who put their lives and health on the line to keep our communities functioning while risking their families’ well-being.…MORE

Netflix buys rights to Roald Dahl’s beloved children’s stories
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Netflix buys rights to Roald Dahl’s beloved children’s stories

Netflix says it has acquired the rights to Roald Dahl’s stories and plans to create a “unique universe” of products based on them. The streaming giant said Wednesday it had acquired the Roald Dahl Story Company (RDSC), which manages the rights to the late British author’s works. Netflix said in a press release that the…MORE

Russia urged to pump more gas to Europe as energy prices soar
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Russia urged to pump more gas to Europe as energy prices soar

The International Energy Agency has called on Russia to supply more natural gas to Europe to help alleviate soaring energy prices. The Paris-based group said in a statement that while Russia is fulfilling its long-term contracts to European customers, exports are down from their 2019 level. Russia is the European Union’s largest supplier of natural…MORE

UK bails out an American company to prevent food supply crisis
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UK bails out an American company to prevent food supply crisis

The UK government has agreed to subsidize a major US fertilizer manufacturer at a cost of several million pounds to taxpayers in order to restart carbon dioxide production vital to Britain’s food supply. The government announced the extraordinary intervention in a statement late on Tuesday. The plan should allow Illinois-based CF Industries to restart one…MORE

China’s Evergrande meets crucial debt deadline but another looms
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China’s Evergrande meets crucial debt deadline but another looms

China’s Evergrande Group will pay interest due Thursday on one of its bonds, but it’s keeping rattled investors guessing about the fate of second, bigger payment due this week. The troubled Chinese real estate conglomerate said Wednesday in a filing with the Shenzhen Stock Exchange that issues regarding a payment on a domestic yuan bond…MORE

Hong Kong expats are up in arms about quarantine. Singapore stands to gain
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Hong Kong expats are up in arms about quarantine. Singapore stands to gain

It’s been nearly two years since Norris Fong has seen his family back in his native Singapore. Now, he’s had enough. The 33-year-old fashion buyer is soon leaving Hong Kong to return to his home country, citing frustration over the city’s coronavirus restrictions and lack of a clear reopening plan. “Singapore definitely has a better…MORE

American Airlines and JetBlue sued by DOJ over their airline alliance
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American Airlines and JetBlue sued by DOJ over their airline alliance

The Department of Justice has sued two major airlines on Tuesday, alleging the companies created an alliance that raised prices and reduced choice for air passengers traveling to and from major cities in the United States’ Northeast region. JetBlue and American Airlines last year created the “Northeast Alliance” that operates out of four major airports…MORE

Airbnb CEO: We had to rebuild our company from the ground up
CNN

Airbnb CEO: We had to rebuild our company from the ground up

Airbnb has been on a wild ride. Many had doubted it could survive as Covid cases soared and the company lost 80% of its business. But now things are turning around for the vacation home rental business, with users booking longer stays thanks to greater flexibility in the way we live, work and travel. Co-founder…MORE