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By Tom Foster, CNN (CNN) — Akbar Al Baker is resigning as chief executive of Qatar Airways, marking a sudden end to one of the longest managerial reigns in the world of aviation. Al Baker, who has led the airline since 1997, will step down on Nov. 5. The move was unexpected, and no reason

By Matt Egan, CNN New York (CNN Business) — Former Pennsylvania Governor Ed Rendell doesn’t think the University of Pennsylvania needs a leadership change to get through the crisis gripping the Ivy League school. Rendell, a graduate of UPenn, argues university president Liz Magill made a “mistake” in failing to immediately condemn alleged antisemitic remarks

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The United Auto Workers union sent 6,800 Stellantis employees to the picket line Monday morning in a surprise, targeted strike at the company’s Ram truck facility. The Sterling Heights Assembly Plant is Stellantis’ “largest plant and biggest moneymaker,” UAW said in a statement Monday.

By Darya Tarasova, CNN London (CNN) — A Russian court has ordered US-Russian journalist Alsu Kurmasheva to be held in detention until December 5 for failing to register as a foreign agent, according to her employer. Kurmasheva is employed by the Tatar-Bashkir service Radio Free Europe/ Radio Liberty (RFE/RL) and is based in Prague, Czech

By Laura He, CNN Hong Kong (CNN) — Taiwan’s Foxconn, one of Apple’s largest suppliers, is being investigated by authorities in China, according to state media. The probe comes weeks after founder Terry Gou announced his bid for Taiwan’s presidency and stressed that he won’t be pressured by Beijing, despite his extensive business operations in

By Michelle Toh, CNN Hong Kong (CNN) — Three top Chinese pharmaceutical companies, which are backed by top global banks, are using endangered animal parts in their medicines, according to an investigation by an environmental protection group. In a Monday report, the Environmental Investigation Agency UK (EIA) said it had found 72 companies licensed by

By Eva Rothenberg, CNN (CNN) — A college admissions program popular among the country’s most selective universities may actually be skewed against lower-income applicants, college consultants and experts say. Early decision is an option that allows students to single out their top-choice school and apply to it months before regular applications are due. The choice

By Eva Rothenberg, CNN (CNN) — Paddy Cosgrave, the chief executive of Web Summit, stepped down Saturday after several Big Tech companies withdrew from the company’s upcoming annual technology conference over his comments on the Israel-Hamas war. “Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our start-ups

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — United Auto Workers union President Shawn Fain told members that all three automakers have now offered record contracts but that the union will continue its strike in a push for even better deals. “We’ve looked at the companies’ offers,” he told members on a

By Pete Muntean, CNN (CNN) — Spirit Airlines says its flight schedule could be impacted for days as it scrambles to perform “a necessary inspection of a small section of 25 of our aircraft.” As of 2:45 p.m. EDT, the ultra-low-cost carrier has canceled 98 flights, or 11% of its schedule for Friday, according to

By Lauren del Valle, CNN (CNN) — A federal bankruptcy judge ruled Thursday that bankruptcy proceedings will not shield Infowars host Alex Jones from more than $1.1 billion in damages he owes the families of Sandy Hook shooting victims who won a civil defamation case against him in Connecticut last year. The families filed a

CNN By Matt Egan, CNN Business New York (CNN Business) — Dick Wolf, the creator of “Law & Order,” wrote a letter to Liz Magill pleading with her to step down as president of the University of Pennsylvania. Wolf, the namesake of UPenn’s Wolf Humanities Center, is among a growing list of powerful donors vowing

By Matt Egan, CNN Business New York (CNN Business) — Dick Wolf, the creator of “Law & Order,” wrote a letter to Liz Magill pleading with her to step down as president of the University of Pennsylvania. Wolf, the namesake of UPenn’s Wolf Humanities Center, is among a growing list of powerful donors vowing to

By David Goldman, CNN New York (CNN) — “The Problem with Jon Stewart” will not come back to Apple TV+ for a third season, bringing a surprise and sudden end to the increasingly popular show led by the former “Daily Show” host. Stewart informed staff Thursday that he and Apple executives agreed to part ways,

By Elliott Gotkine London (CNN) — From ESG investing (Blackrock), to gay rights (Disney), to Donald Trump after the Capitol riots (mainstream corporate America), companies routinely take a stand. Sometimes, as with Nike and Colin Kaepernick, it helps their bottom line. Sometimes, it does the opposite — think Bud Light’s support of transgender rights. Perhaps

By Juliana Liu Hong Kong (CNN) — China has unveiled plans to restrict exports of graphite — a mineral crucial to the manufacture of batteries for electric vehicles (EVs) — on national security grounds, the Ministry of Commerce and the General Administration of Customs said Friday. The announcement comes just days after the United States

By Chris Isidore, CNN New York (CNN) — When University of Pennsylvania President Liz Magill was tapped for the post just 18 months ago, she was heralded as the “clear consensus” to lead the Ivy League university. Today that consensus is nowhere to be found. In trying to placate everyone on the contentious issues of

By Emiko Jozuka and Junko Ogura, CNN Tokyo (CNN) — China has formally arrested a Japanese man who was detained in March, according to officials from Japan’s Ministry of Foreign Affairs (MOFA) and the Japanese Embassy in Beijing. The arrest of the Japanese national, who was reportedly an employee of a Tokyo-based pharmaceutical firm, could

By Donie O’Sullivan, CNN (CNN) — Some of the biggest peddlers of misinformation about the Israel-Hamas war on Elon Musk’s X platform are premium, so-called “verified” accounts that pay the social media company formerly known as Twitter to promote their posts to boost visibility, a report released Thursday found. Establishing the truth in any conflict

By Anna Cooban, CNN London (CNN) — The European Union has told Meta it has a week to explain in greater detail how it is fighting the spread of illegal content and disinformation on its Facebook and Instagram platforms following the attacks across Israel by Hamas. The European Commission, the bloc’s executive arm, said it

CNN By Parija Kavilanz, CNN New York (CNN) — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The first tranche of stores to be sold — both leased and owned — is located in twelve states, according

By Allison Morrow (CNN) — The fallout from the colossal implosion of Sam Bankman-Fried’s crypto business is still rippling through the digital asset industry nearly a year later. On Thursday, New York’s attorney general filed a lawsuit against three digital asset firms that were caught up in the collapse of Bankman-Fried’s empire last fall —

By Nathaniel Meyersohn, CNN New York (CNN) — Influential donors to Harvard University and the University of Pennsylvania say they will cut their ties to the schools in protest of college administrators’ response to alleged anti-Israel speech and antisemitism on campuses in the wake of Hamas’ terror attacks. Major donors pulling out won’t inflict significant

By Michelle Toh, CNN Hong Kong (CNN) — AirAsia boss Tony Fernandes has created a firestorm on social media after sharing a photo of himself receiving a massage topless during a management meeting. The co-founder of the Malaysian budget airline posted the image this week on LinkedIn, where he praised the culture of his company

By Hanna Ziady, CNN London (CNN) — Nestlé plans to close a plant in Ireland that makes baby formula, citing a sharp drop in China’s birth rate, in a fresh example of the far-reaching implications of China’s demographic crisis. The world’s largest food company said Wednesday that it would shut its Wyeth Nutrition infant formula

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve Chair Jerome Powell said Thursday that soaring bond yields could help the Fed slow the economy, further cooling inflation and the possibly signaling the end of rate hikes. But he stopped short of declaring victory, citing the economy’s resilience. “Tight policy is putting downward pressure

By Mariya Knight, CNN Atlanta (CNN) — A US-Russian dual national working for Radio Free Europe has been detained in Russia and charged with failing to register as a foreign agent, the US-funded news organization reported Wednesday. Alsu Kurmasheva is currently employed as a journalist and editor for the Tatar-Bashkir service of Radio Free Europe/

By Laura He, CNN Hong Kong (CNN) — China’s real estate market remains a drag and will put pressure on global growth. New home prices fell in September, a third straight month of decline, according to data released Thursday by the National Bureau of Statistics (NBS), despite Beijing’s efforts to shore up the sector. The

By Michelle Toh, CNN Hong Kong (CNN) — Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it said in a statement on Thursday. The Finnish telecom giant, a major provider of 5G equipment that employs 86,000 people, announced the move as part of a wider

By Peter Valdes-Dapena, CNN (CNN) — General Motors and Honda, along with Cruise — GM’s autonomous driving subsidiary — have agreed to create a driverless ride-hailing company in Japan. The company will use the Cruise Origin autonomous vehicle to give rides in Tokyo, Japan’s largest city. The companies plan to begin providing services in 2026.

By Matt Egan, CNN Business New York (CNN Business) — Former University of Pennsylvania trustee Vahan Gureghian is calling for Liz Magill, the Ivy League school’s president, to step down and warned the backlash from powerful donors will likely get worse over a growing uproar over how the school has dealt with allegations of antisemitism

By Gregory Wallace, CNN (CNN) — Delta Air Lines is easing off some recent changes to its SkyMiles loyalty program that sparked criticism from frequent flyers. The changes are aimed at the most loyal travelers who have built up years of status at the airline as well as business travelers and Delta’s (DAL) credit card

By Samantha Delouya, CNN Los Angeles (CNN) — A Hilton hotel in Houston has canceled a conference scheduled for next week hosted by the US Campaign for Palestinian Rights, amid mounting violence between Israel and Hamas. The hotel cited “escalating security concerns” as the reason for the cancellation. The event was set to take place

By Chris Isidore, CNN New York (CNN) — Tesla reported a drop in third-quarter earnings as the electric vehicle maker fell short of Wall Street expectations. Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two

By Samantha Delouya, CNN Los Angeles (CNN) — Netflix has raised its prices again. The streaming giant said in its third-quarter earnings report that its premium ad-free plan in the United States will increase by $3 per month, to $22.99, starting Wednesday. Its one-stream basic plan will rise to $11.99 in the United States. All

By Parija Kavilanz, CNN New York (CNN) — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The first tranche of stores to be sold — both leased and owned — is located in twelve states, according to

By Matt Egan (CNN) — Venture capitalist David Magerman is the latest major donor to the University of Pennsylvania cutting off financial support to the Ivy League school, and he’s calling for all “self-respecting” Jews to do the same. Hedge fund billionaire Cliff Asness, another major backer of UPenn, is similarly halting donations. A growing

CNN, CNN BUSINESS By Alexandra Meeks, CNN (CNN) — An artificial intelligence innovation recently deciphered one word from the famously indiscernible 2,000-year-old Herculaneum scrolls. The documents, which were burned in the eruption of Mount Vesuvius in 79 AD, would crumble if anyone attempted to unroll them and were considered to be nearly illegible — until

By Nicole Goodkind, CNN New York (CNN) — When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest. In the immediate aftermath of the Israel-Hamas War, shares of military contractors spiked as both institutional and retail investors bought in, according to VandaTrack research.

By Eric Cheung, CNN Taipei (CNN) — Taiwan’s Foxconn says it plans to build artificial intelligence (AI) data factories with technology from American chip giant Nvidia, as the electronics maker ramps up efforts to become a major global player in electric car manufacturing. Foxconn Chairman Young Liu and Nvidia CEO Jensen Huang jointly announced the

By Michelle Toh and Kayla Tausche, CNN Hong Kong/Washington (CNN) — The Biden administration is reducing the types of semiconductors that American companies will be able to sell to China, citing the desire to close loopholes in existing regulations announced last year. On Tuesday, the US Commerce Department unveiled new rules that further tighten a

By Laura He, CNN Hong Kong (CNN) — China’s economy has regained momentum in the third quarter, with gross domestic product (GDP) expanding by 4.9% from a year ago, the National Bureau of Statistics (NBS) said on Wednesday. That was above the estimate of 4.4% growth from a Reuters poll of analysts, and puts Beijing’s

By Clare Duffy, CNN New York (CNN) — After Elon Musk hinted last month that X could start charging all users, the company (formerly known as Twitter) announced a test of such a system. X said in a post on Tuesday that it is testing a new program called “Not a Bot” in which new

By Peter Valdes-Dapena, CNN Business (CNN) — General Motors is putting off adding a second factory for production of its electric pickups until late 2025, the automaker announced Tuesday. The Silverado EV is now being produced at GM’s Factory Zero Detroit-Hamtramck Assembly, where it is built alongside the GMC Hummer EV. The GMC Sierra EV

By Parija Kavilanz, CNN New York (CNN) — Victoria’s Secret, for the first time, has introduced a collection of bras and panties specifically designed to meet the needs of women with disabilities. The retailer announced the launch of the VS & PINK Adaptive line on Tuesday and said the merchandise is now available to customers

By Ariel Edwards-Levy, CNN (CNN) — Americans overwhelmingly side with unionized autoworkers in their ongoing strike against major car companies, a new CNN poll conducted by SSRS finds, even as most say that elected officials should steer clear of labor disputes. Asked about the current United Auto Workers union strike against General Motors, Ford and

By Matt Egan, CNN New York (CNN) — Billionaire Ronald Lauder, a powerful financial backer of the University of Pennsylvania, is threatening to cut off donations if the school doesn’t do more to fight antisemitism, CNN has learned. The threat from Lauder, one of the heirs to the Estee Lauder cosmetics company, marks the latest

By Elisabeth Buchwald, CNN New York (CNN) — When war broke out in Ukraine last year, Federal Reserve officials were quick to speak about it. “Let me comment on what I think is on everyone’s minds today: Russia’s attack on Ukraine,” Fed Governor Chris Waller said on February 24, 2022, hours after Russia invaded Ukraine.

By Parija Kavilanz, CNN New York (CNN) — Tupperware Brands named consumer products veteran and former long-time CEO of Spanx Laurie Ann Goldman as its new CEO on Wednesday amid ongoing attempts to continue to survive as a business. Goldman takes over the role from Miguel Fernandez, effective immediately, the company said. Tupperware shares jumped

By Anna Cooban London (CNN) — Citibank has won an employment tribunal case brought by an analyst it sacked for claiming expenses for meals he shared with his partner, and then lying about it. Szabolcs Fekete, a senior analyst, sued the bank for unfair dismissal after he submitted expenses for two sandwiches, two coffees, a

By Nicole Goodkind, CNN New York (CNN) — Lollapalooza will never be the same. Goldman Sachs chief executive (and noted party DJ) David Solomon will no longer perform at high-profile events, picking Wall Street over South Beach, a representative from the second-largest investment bank confirmed to CNN. “David decided to stop publicly DJing more than

By Oliver Darcy, CNN (CNN) — NBC News is uniting with a pair of strange bedfellows for the third Republican Party primary debate. The Republican National Committee on Monday formally announced that it will partner with the Peacock network to host the Miami face-off, along with the Salem Radio Network and Rumble, two right-wing media

By Hanna Ziady, CNN London (CNN) — Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations and tackle years of underperformance. Britain’s flagship engineering firm, which makes engines for Boeing (BA) and Airbus planes, said Tuesday that the cuts were part of a broader strategic overhaul

By Nicole Goodkind, CNN New York (CNN) — Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here.

By Michelle Toh, CNN Hong Kong (CNN) — Chinese tech giant Baidu is officially taking on GPT-4. On Tuesday, the company unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to the latest iteration of OpenAI’s ChatGPT. The new ERNIE Bot “is not inferior in any aspect to GPT-4,”

By Catherine Thorbecke, CNN (CNN) — The same New York City administration to launch a “Rat Action Plan” is back with an “Artificial Intelligence Action Plan.” Mayor Eric Adams on Monday unveiled a citywide AI “action plan” that pledged – in broad-brushstrokes – to evaluate AI tools and associated risks, boost AI skills among city

By Liam Reilly, CNN (CNN) — Reuters editor-in-chief Alessandra Galloni called for an investigation into the death of Issam Abdallah, the Reuters video journalist who was killed Friday when he was struck by a shell that originated in Israel while filming cross-border fire between Israel and Lebanon. “I am reiterating my call to the Israeli

By Matt Egan, CNN New York (CNN) — A nonprofit founded by former Victoria’s Secret billionaire Leslie Wexner and his wife Abigail is breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ terror attacks against Israel. The Wexner Foundation’s decision to end its relationship and financial support for Harvard is

By Ramishah Maruf, CNN New York (CNN) — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform announced Monday. In a blog post, the social media site for professionals said it is making changes to its organizational structure and streamlining

By Samantha Murphy Kelly, CNN Business (CNN) — Demand for Apple’s new iPhone 15 lineup is weaker in China than for last year’s models, according to analysts. Sales for the iPhone 15 are down 4.5% in China compared to iPhone 14 sales in the first two weeks after its launch, according to Counterpoint Research. Separately,

By Kaitlyn Schwanemann, CNN (CNN) — Traditional medical imaging – used to diagnose, monitor or treat certain medical conditions – has long struggled to get clear pictures of patients with dark skin, according to experts. Researchers say they have found a way to improve medical imaging, a process through which physicians can observe the inside

By Donie O’Sullivan and Brian Fung, CNN (CNN) — Hamas is barred from most social media platforms. But its following has surged on popular messaging app Telegram since its October 7 terror attack on Israel. One account belonging to the al-Qassam Brigades, the armed wing of the Hamas movement, has seen its following triple, and there has

By Jennifer Korn, CNN New York (CNN) — Photo-editing software maker Adobe unveiled a slew of new AI-powered tools and features last week at its annual Max event, including a dress that transforms into a wearable screen and streamlined ways to delete elements from photos. The company previewed a series of prototype tools that make

By Vanessa Yurkevich, CNN (CNN) — Bill Ford, the executive chair of Ford Motor Company, made his first public comments since negotiations began with the United Auto Workers union and the Big Three automakers. He called on the UAW to “stop this now,” and bring an end to talks. Ford, who has been involved in

By Matt Egan, CNN New York (CNN) — Former US Ambassador Jon Huntsman blasted the University of Pennsylvania’s response to antisemitism and is promising to halt his family’s donations to the prestigious university. The strong criticism from Huntsman, a 1987 graduate and former UPenn trustee, comes amid a growing backlash from donors and trustees. The

By Nicole Goodkind, CNN New York (CNN) — Social Security benefits pump a large chunk of change into the US economy – with about $1.4 trillion going to more than 67 million Americans last year alone. The program, equivalent to 5% of the country’s gross domestic product, provides a cash infusion that helps keep the

By Anna Cooban, CNN London (CNN) — TikTok is stepping up efforts to counter misinformation, incitement to violence and hate relating to the Israel-Hamas war on its online platform, it announced Sunday, days after the European Union (EU) warned social media companies they risked falling foul of the bloc’s content moderation laws. As part of

By Brian Fung and Catherine Thorbecke, CNN (CNN) — When the Federal Trade Commission and 17 states sued Amazon last month in a landmark antitrust case, Lina Khan, chair of the FTC, described it as a “cutting-edge” lawsuit that captures “state-of-the-art thinking” about modern monopolies in the tech industry. The closely watched case may be

Diksha Madhok, CNN (CNN) — Australia issued a fine of $610,500 Australian dollars ($386,000) on Monday against the company formerly known as Twitter for “falling short” in disclosing information on how it tackles child sex abuse content, in yet another setback for the Elon Musk-owned social media platform. Just days earlier, the European Commission formally