Month: August 2022
International airlines launch battle plans to deal with summer of travel chaos
American Airlines made “short notice” cancellations in July while easyJet changed its schedule when airports announced passenger capacity caps. Stephen Brashear | Getty Images The aviation industry has been in disarray since the onset of the Covid-19 pandemic. Now, a perfect storm of strikes and staff shortages is forcing airlines to shore up their battle […]
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Australia’s bad flu season is a warning for the U.S. this year
Pedestrians wear masks in Los Angeles on Wednesday, July 13, 2022. The U.S. may be in for a severe flu season this year if trends in the Southern Hemisphere — historically a seasonal harbinger for the U.S. — hold true. Hans Gutknecht | Medianews Group | Getty Images The U.S. may be in for a […]
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Taiwan’s trade with China is far bigger than its trade with the U.S.
Container trucks line up to enter the Port of Keelung in Keelung, Taiwan. Data show that Taiwan depends more on China for trade than it does on the U.S. Billy H.C. Kwok | Bloomberg | Getty Images BEIJING — Data show that Taiwan depends more on China for trade than it does on the U.S., […]
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Trump-backed Arizona GOP governor hopeful Kari Lake wins primary, NBC projects
Republican candidate for governor Kari Lake speaks at a ‘Save America’ rally by former President Donald Trump in support of Arizona GOP candidates on July 22, 2022 in Prescott Valley, Arizona. Mario Tama | Getty Images News | Getty Images Former local news anchor Kari Lake will win Arizona’s Republican gubernatorial primary, NBC News projects, […]
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Sen. Kyrsten Sinema signs off on Democrats’ big agenda bill, paving the way for Senate passage
Sen. Kyrsten Sinema, D-Ariz., leaves her office to walk to the Senate Chambers in the U.S. Capitol Building on August 2, 2022. Lawmakers worked to come to a deal on sweeping Democratic legislation ahead of the August recess. Anna Moneymaker | Getty Images News | Getty Images Sen. Kyrsten Sinema signed off on sweeping Democratic legislation Thursday […]
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Dozens of fake news websites and social media accounts pushed pro-China talking points
In this photo illustration, the People’s Republic of China flag logo is displayed on a smartphone screen on 25 July 2022. A Chinese marketing firm hosted a ring of at least 72 fake news sites in 11 languages with corresponding fake social media personas that pushed Chinese government talking points, according to research published Thursday. […]
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Elon Musk predicts mild 18-month recession, teases possible share buybacks
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters At the Tesla 2022 shareholders’ meeting on Thursday, investors asked CEO Elon Musk how the company plans to spend its money in coming years, and about his global economic […]
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Cramer’s lightning round: I like E.L.F Beauty over Coty
Ammo Inc: “I know it’s a little bit of a far field in terms of where you are versus what it is, but Dick’s is my favorite in that group.” Inmode Ltd: “It’s a good company, but the people hate the medical device companies. … I think they’re overly hated. That’s why I like [Johnson […]
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Warner Bros. Discovery CEO David Zaslav embraces the past as he plans his company’s future
David Zaslav, President and CEO of Warner Bros. Discovery talks to the media as he arrives at the Sun Valley Resort for the Allen & Company Sun Valley Conference on July 05, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images The biggest decision for any big media chief executive officer is how much […]
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XPO Logistics’ Brad Jacobs discusses stepping down as CEO with Mario Harik to succeed him
XPO Logistics announced Thursday that Mario Harik will be taking over the role of chief executive from Brad Jacobs after the company’s spin-off of its high-tech truck brokerage business in the fiscal fourth quarter. Harik was also named president of XPO’s less-than-truckload business. He had served as acting president since last October. Jacobs will remain […]
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