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Opinion by Henry Fernandez for CNN Business Perspectives If the world hopes to limit the increase in global temperatures to 1.5 degrees Celsius — the level scientists say is necessary to avoid the worst impacts of climate change — total greenhouse gas emissions must peak before 2025 and decline 43% by 2030, according to the

By Chris Isidore, CNN Business American Airlines has agreed to pay its pilots triple their normal rate after a computer scheduling glitch left thousands of flights with understaffed cockpits. The malfunction in the scheduling program occurred early Saturday morning and allowed pilots to drop flights the airline was counting on them to fly throughout the

By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the government after one ethics scandal too many. But his popularity outside parliament has also been badly dented by surging inflation and stagnation in the British economy, a cost-of-living crisis

By Rhea Mogul and Swati Gupta, CNN The last remaining Muslim lawmaker in India’s ruling Bharatiya Janata Party has resigned, leaving the party without a single representative from the minority community among its 395 members of parliament. Minister of Minority Affairs Mukhtar Abbas Naqvi resigned on Wednesday, one day before his term was expected to

By Laura He, CNN Business After a miserable couple of months in China, Tesla posted a sharp rebound in sales in June in its most important international market. The surge came as the world’s second largest economy began easing Covid-related restrictions after months of lockdowns in major cities, and as it makes efforts to boost

By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to allow states to ban or severely restrict abortion has sparked a big question: Will the boss find out if you use the benefit? The answer is typically no, especially if the reimbursement is handled by your

By Matt McFarland, CNN Business The Boring Company has launched a way for customers to pay for rides on Loop, its Las Vegas transit system, with the cryptocurrency Dogecoin. Loop consists of passengers traveling in Tesla vehicles that are driven by humans at about 35 mph, a significantly scaled-down version of founder Elon Musk’s original

Opinion by Charles K. Whitehead for CNN Business Perspectives In the startup world, pushing regulatory limits to promote a new business is often seen as “entrepreneurial” or “disruptive.” But breaking securities laws, as Elon Musk has allegedly done, is something different. It’s well known that Musk has a strained history with the Securities and Exchange

By Peter Valdes-Dapena, CNN Business Rivian, the Amazon-backed electric truck and van maker, already has an award winning pickup in production, the R1T. Now it’s coming out with an SUV, the Rivian R1S, that has all the good points of the Rivian pickup but with the added benefits of a fully enclosed body, including a

By Michelle Toh, CNN Business Ben & Jerry’s is suing its parent company in an attempt to cancel the sale of its business in Israel to a local partner that would continue to distribute its products in the West Bank. The Vermont-based ice cream maker filed a complaint Tuesday in the US District Court in

By Nicole Goodkind, CNN Business US Stocks plummeted in early Tuesday trading as investors’ concerns of recession grew, but rebounded in the afternoon to close flat for the day. The Dow fell by about 130 points, or 0.4%, after being down nearly 700 points earlier in the day The S&P 500 gained 0.2% after dropping

By Alicia Wallace and Chris Isidore, CNN For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors’ growing concerns about a US recession that could crimp demand for oil. The price of West Texas Intermediate crude tumbled as much as 10% Tuesday, to hit a low

By Laura He, CNN Business The United States and China held talks Monday to discuss the huge challenges facing the global economy amid mounting speculation that some Trump-era tariffs could be cut to ease inflation and boost growth. US Treasury Secretary Janet Yellen and China’s Vice Premier Liu He — Beijing’s top economic official —

By Julia Horowitz, CNN Business If you’re an American visiting Italy, Greece or Spain this summer after a travel hiatus during the pandemic, you’re in luck: Meals, hotels and tours are more affordable in dollars than they’ve been in two decades. What’s happening: The euro has slumped to about $1.03, plunging more than 8% against

By Frank Pallotta, CNN Business The Minions went bananas at the box office this weekend. Illumination’s “Minions: The Rise of Gru” — the latest animated film in the Despicable Me franchise — made an estimated $125 million domestically for its four-day opening weekend, according to Universal. That gives the film the record for biggest opening

By Anna Cooban and Isil Sariyuce, CNN Business Turkey’s annual rate of inflation hit almost 80% in June — its highest level in about two decades. Consumer prices increased by 78.6% last month compared to June 2021, driven by the soaring cost of food and drink and transportation. Food prices have almost doubled in a

By Laura He, CNN Business Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong

Story by Reuters Indian police made fresh arrests at the weekend over the murder of a Hindu tailor in Rajasthan — a crime that sparked tensions between the Hindu majority and Muslim minority and a clampdown on protests and the internet to prevent them from escalating. Two Muslim men already under arrest for the murder,

By Ramishah Maruf, CNN While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked

By Ramishah Maruf, CNN Business The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. Many will celebrate the federal holiday with fireworks and barbecues, and most workplaces will be closed throughout the country. Here’s what will be open and closed on Monday, July 4.

By Paul R. La Monica, CNN Business Forget about an apple (or Apple) a day. Healthcare stocks may help keep the investing doctor away. Shares of Apple have plunged more than 20% this year. The FAANGs of Big Tech and other momentum stocks have been hit hard due to worries about slowing earnings growth and

By Ramishah Maruf, CNN There appears to be no end of trouble in sight for flyers this week — a chaotic July Fourth weekend has spawned at least 1,100 cancellations since Friday as airlines grapple with staffing shortages and poor weather amid an abundance of passengers. More than 7,800 US flights were delayed Friday —

By Matt McFarland, CNN Business The Department of Transportation announced Thursday that it will soon fund up to $1 billion in projects to reconnect city neighborhoods that have been scarred by highways. Urban experts say the investment pales in comparison to the long-running negative impacts of urban highways, but welcome the funding as a way

By Jordan Valinsky, CNN Business Kohl’s is no longer for sale. The department store announced Friday that it has ended its strategic review process and will no longer consider selling itself to Franchise Group, a holding company that owns The Vitamin Shoppe and other retail brands. Kohl’s blamed extreme market volatility and said its finances

By Frank Pallotta, CNN Business “Stranger Things 4 — Vol. 2″ hits Netflix this weekend, and the kids from Hawkins, Indiana, are back at just the right time for the streaming giant. It’s been an awful 2022 for Netflix. Its stock is down 70% this year. In April, the company reported that it lost subscribers

By Diksha Madhok, CNN Business One of the world’s richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications. A unit of Mukesh Ambani’s conglomerate Reliance Industries said on Thursday that it has entered into a “long-term

By Laura He, CNN Business Hong Kong’s new leader John Lee on Friday vowed to strengthen the city’s standing as a global business hub, but he gave no hint of diverging from Beijing’s insistence on strict zero-Covid rules. The former British colony’s reputation as an international financial center has been battered during the last two

By Nicole Goodkind, CNN Business The S&P 500 has posted its worst first half in more than 50 years, dropping 20.6% during the first 6 months of 2022. Stocks closed down on Thursday as Wall Street said goodbye to a dismal second quarter and first half of the year. All three major indexes ended the

By Alicia Wallace, CNN Business An inflation gauge closely followed by the Federal Reserve showed consumer prices remained flat in May, indicating that inflation had yet to abate despite the central bank’s initial efforts to cool the economy. The monthly Personal Consumption Expenditures price index increased by 6.3% for the year ended in May, the

By Jordan Valinsky, CNN Business Clearly, this isn’t your father’s RadioShack. The zombie retailer’s Twitter account contains a stream of explicit comments, vulgarities and a bunch of drug references. Many companies have edgy social media presences, but not like this. So what’s going on? RadioShack is trying to sell you cryptocurrency — with an attitude.

By Julia Horowitz, CNN Business Dealmaking booms when markets are stable and businesses are feeling good about the economy and access to financing. When conditions deteriorate, confidence flags, and the number of companies going public or pursuing takeovers drops. That’s what is happening now. Details, details: The number of global initial public offerings, or IPOs,

By Nicole Goodkind, CNN Business Prominent Wall Street economists like Mark Zandi, investing luminaries like ARK Invest’s Cathie Wood and executives like JP Morgan Chase CEO Jamie Dimon can make recession predictions until they’re blue in the face, but their guidance will remain just that — an economic forecast. That’s because, in the United States,

By Laura He, CNN Business China’s huge manufacturing and service industries just saw their first month of growth since February, according to surveys published Thursday, as Covid restrictions were eased in many cities. But the shadow of further lockdowns still looms over the world’s second biggest economy as Beijing sends mixed messages about the best

By Matt McFarland, CNN Business Tesla is increasingly turning to machines rather than humans as it attempts to develop autonomous vehicles. As part of Tesla’s plans to cut 10% of salaried staff, the company has laid off a significant number of its data annotation specialists. These specialists do grunt work that is critical to empowering

By Jordan Valinsky, CNN Business Unilever has sold its Ben & Jerry’s business in Israel to its distributor in the country, following ongoing controversy related to its activities in Israel and the West Bank. Unilever announced Wednesday the sale for an undisclosed amount to American Quality Products (AQP), which distributes Ben & Jerry’s in Israel.