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☆ Biden issues new rules for airlines to require automatic cash refunds, prohibit surprise fees
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The first rule requires airlines to be more transparent about extra fees. The second rule requires airlines to issue cash refunds automatically, rather than in response to customer requests. It will require that airlines list and explain all extra fees "clearly, conspicuously, and accurately" on their web platforms or when they provide fare prices offline. The new airline rules are the latest action in President Joe Biden's broader battle against what the White House calls "corporate rip-offs." "There are tens of billions of dollars in other junk fees across the economy, and I've directed my administration to reduce or eliminate them," Biden said in 2022.

Persons: Biden, Pete Buttigieg, Buttigieg, Joe Biden's, I've Organizations: Department of Transportation, Boeing, Alaska Airlines, United, White House Locations: Southwest

☆ Inside the White House’s monthslong push for Ukraine aid
▼ + stars: | 2024-04-24 | by ( Arlette Saenz | ) edition.cnn.com time to read: +11 min

Sullivan followed up four days later with a call to Johnson to highlight the measures in place to track aid in Ukraine. They spoke often with Johnson’s staff, including meetings at the White House and on Capitol Hill. Meanwhile, White House chief of staff Jeff Zients, Ricchetti and Goff spoke with Schumer and Jeffries and their staff almost daily to strategize on how to push Ukraine aid forward. Biden and Johnson spoke by phone the next day as the speaker briefed him on his plan to move the aid package forward. “We discussed the contents of the next US military aid package,” Zelensky said.

Persons: Mike Johnson, Joe Biden, Johnson –, speakership, Biden, Johnson, Vladimir Putin, Jake Sullivan, Shalanda Young, Sullivan, Taiwan –, Hamas, Putin, ” Biden, Hakeem Jeffries, Chuck Schumer, Mitch McConnell, “, ”, Steve Ricchetti, Richetti, Shuwanza Goff, Ricchetti, Goff, Jeff Zients, Schumer, Jeffries, Young, McConnell, Michael McCaul, Intelligence Michael Turner, Bill Burns, Ukraine Bridget Brink, Chip Roy, Texas, Ralph Norman of, Biden’s, Anita Dunn, Jon, Lloyd Austin, Volodymyr Zelensky, Zelensky, National Intelligence Avril Haines, Donald Trump’s, Burns, ” Zelensky Organizations: Washington CNN, Ukraine, White House, GOP, Management, Senate, Biden, Russia, House Democratic, White, Capitol, House Foreign, Intelligence, CIA, Republican, The Defense Department, House Republicans, National Intelligence, Democratic, CNN Locations: Ukraine, Europe, Russia, Israel, Taiwan, Ricchetti, Ralph Norman of South Carolina, Washington ,, Johnson’s

Biden secretly approved the transfer of the long-range ATACMS missiles in February for use inside Ukrainian territory. The Biden administration had resisted sending the long-range missiles in part because of readiness concerns. Lockheed Martin, which manufactures the ATACMS missiles, is in full-rate production and produces approximately 500 missiles per year, a spokesman for the company said in September. The US worked behind the scenes to address the readiness concerns, which included buying more ATACMS missiles and filling US military stocks. Ukrainian officials have been asking the US in private and in public for the long-range missiles to target deeper behind Russian lines.

Persons: Biden, Joe Biden, Garron, ” Garn, Lockheed Martin, ”, Charlie Dietz, “, ” Dietz Organizations: CNN, US, Pentagon, Lockheed, North Korean Locations: Ukraine, Korean, Russia, ”, Moscow

☆ UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents
▼ + stars: | 2024-04-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

The United Arab Emirates' central bank sent a directive to the country's lenders and insurers approving the deferring of loan repayments for six months, as residents and businesses reel from historic floods that paralyzed the normally dry desert emirate. "The Central Bank today issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the repercussions of the weather condition for a period of six months," the bank said in a Monday statement. "The deferral shall be without imposing additional fees, interest or profits, or otherwise increase the principal amount of the loan for the deferral of the repayment of installments." The notice will come as a relief to the many UAE residents who suffered losses and damages during the record-breaking storm. Roughly a year's worth of rain pummeled the Gulf country in a span of just 12 hours between April 16 and 17, destroying businesses, cars and other property.

Organizations: United Arab, Central Bank Locations: United Arab Emirates, UAE

☆ F.A.A. Will Require More Rest for Air Traffic Controllers
▼ + stars: | 2024-04-19 | by ( Sydney Ember | ) www.nytimes.com time to read: 1 min

The Federal Aviation Administration said on Friday that it was taking significant steps to mitigate the risks posed by exhaustion among air traffic controllers, after a series of close calls last year raised alarms about the safety of the U.S. air travel system. Mike Whitaker, the F.A.A. administrator, issued a directive increasing the number of hours that controllers are required to rest between shifts from nine hours to 10, and 12 hours before a midnight shift. The announcement came as the air safety regulator released a 114-page report from an expert panel that assessed the risks associated with air traffic controller fatigue. “We are committed to a sustained effort to address controller fatigue and ensure our airspace is the safest in the world,” Mr. Whitaker said in a statement.

Persons: Mike Whitaker, Mr, Whitaker Organizations: Federal Aviation Administration Locations: U.S

☆ Making deepfake porn without consent could soon be a crime in England
▼ + stars: | 2024-04-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

It is already illegal in England and Wales to share explicit deepfakes without the subject’s consent, with perpetrators facing jail time. Last year, changes to the Online Safety Act already criminalized the sharing of deepfake sexual images in England and Wales. The new offense applies only to adults as, under existing English and Welsh rules, creating deepfake sexual images of minors is already a crime. The creation of deepfakes has included super-imposing women’s faces, without their consent, onto sexually explicit images. A directive criminalizing the creation of sexually explicit deepfakes has also been proposed in the European Union.

Persons: Laura Farris, “, Bill, deepfakes, Taylor Swift, Farris, —, Helle Thorning, Schmidt Organizations: London CNN, United Kingdom’s, ITV, Criminal, European Union, Facebook Locations: England, Wales, Scotland, Northern Ireland, United States, India

☆ Hackers from China and Russia are finding cracks in Microsoft's security
▼ + stars: | 2024-04-12 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChina and Russia keep finding ways to get past Microsoft's security systems. Advertisement"Midnight Blizzard's successful compromise of Microsoft corporate email accounts and the exfiltration of correspondence between agencies and Microsoft presents a grave and unacceptable risk to agencies," CISA wrote in its emergency directive. AdvertisementLast week, the US Department of Homeland Security released a report from the Cyber Safety Review Board (CSRB) detailing a "cascade" of "avoidable errors" in the company's security systems. A Microsoft spokesperson told BI of the latest Russian attack: "As we discover secrets in our exfiltrated email, we are working with our customers to help them investigate and mitigate.

Persons: —, CISA, Jen Organizations: Service, Infrastructure Security Agency, Microsoft, Business, Blizzard, Midnight Blizzard, US Department of Homeland Security Locations: China, Russia, Russian, U.S

☆ AMD and Intel dip on report China told telecoms to remove foreign chips
▼ + stars: | 2024-04-12 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Shares of Advanced Micro Devices and Intel dipped on Friday after The Wall Street Journal reported that China is ordering the country's largest telecommunications carriers to cease use of foreign chips. Chinese officials issued the directive earlier this year for the telecom systems to replace non-Chinese core processors by 2027, the Journal reported, citing people familiar with the matter. The report said the mandate would impact AMD and Intel. China set new guidelines in December to remove U.S. chips from government computers and servers, blocking processors from AMD and Intel, the Financial Times reported last month. Intel has reportedly survived a push by AMD to end its sale of hundreds of millions of dollars' worth of laptop chips to the U.S.-sanctioned Chinese telecom company Huawei.

Persons: Hong Kong Organizations: U.S, Devices, Intel, Street Journal, AMD, Financial Times, Bloomberg, Huawei Locations: China, Hong, U.S

☆ Visits from Japanese and Filipino leaders highlight Biden’s efforts to blunt China’s aggression
▼ + stars: | 2024-04-09 | by ( Arlette Saenz | Kayla Tausche | ) edition.cnn.com time to read: +12 min

Biden’s week also includes an official visit for Japanese Prime Minister Kishida Fumio, reinforcing his commitment to cultivating partnerships in the Indo-Pacific in the face of China’s rising economic and military power. The historic leaders summit on Thursday between Biden, Kishida and Filipino President Ferdinand Marcos is expected to produce announcements relating to infrastructure, energy security, digital connectivity and maritime security. Meanwhile, Japan has recently loosened restrictions on the export of military technology – paving the way for deeper collaboration with like-minded allies. The first virtual meeting with the four leaders took place in March 2021 with subsequent in-person summits in the years that followed. Biden and his team also have sought to draw in smaller regional neighbors concerned about China’s military and economic aggression.

Persons: Joe Biden, Kishida, Biden, Jake Sullivan, “, Jill Biden, Kishida Yuko, They’re, Ferdinand Marcos, Marcos, ” Sullivan, ”, John Neuffer, ” Biden, ” Rahm Emanuel, Sullivan, zeroed, Japan’s, Yoshihide Suga, Korea’s, Moon Jae, Yoon Suk Yeol, Rodrigo Duterte, Donald Trump, ” Kishida Organizations: Washington CNN, Japanese, CNN, Biden White House, Australia, US Steel, APEC, Washington, Semiconductor Industry Association, Clark Air Base, Subic Naval Base, American, White, Kishida, White House, Pacific, PBS Locations: Japan, Philippines, North Korea, Ukraine, Gaza, India, South Korea, China, Manila, ’, lockstep, Netherlands, Taiwan, Beijing, Thursday’s, US, Australia, South China, South, Russia, Kishida, United States, Tokyo, Seoul, David, United Kingdom, Washington, Vietnam, U.S

☆ Chechnya bans all music deemed too fast or too slow
▼ + stars: | 2024-04-08 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Authorities in the Russian Republic of Chechnya have announced a ban on music that they consider too fast or slow. The ban will mean that many songs in musical styles such as pop and techno will be banned. Chechnya sits in the North Caucasus region between the Caspian Sea and the Black Sea. Kadyrov has been leader since 2007 and has used his time in office to stifle any form of dissent. The pro-Kremlin leader has also subdued the Chechen separatist movement that fought for independence from Russia for almost two decades.

Persons: Culture Musa Dadayev, Chechen Republic “, Chechen Republic Ramzan Akhmatovich Kadyrov, ” Dadayev, Dadayev, Kadyrov, Mike Pompeo, ” Organizations: CNN, Authorities, TASS, of Culture, United, Kremlin, US State Department Locations: Russian Republic, Chechnya, Culture, Russian, Chechen Republic, North Caucasus, Russia’s, Georgia, United Nations, Chechen, Russia

☆ Tesla scraps low-cost car plans amid fierce Chinese EV competition: Reuters
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +4 min

Tesla's cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. Plans for the affordable Tesla have been seen as key to delivering on Musk's stratospheric ambitions for sales growth. Expectations for a $25,000 vehicle have underpinned Wall Street analysts' more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.

Persons: Tesla, Elon Musk, Musk, driverless, Tesla's, EVs, he'll, Walter Issacson Organizations: Reuters, robotaxis, SpaceX, Twitter, Toyota Locations: Texas, United States, robotaxi

☆ Texas appeals court blocks state from investigating families seeking gender-affirming care for trans youth
▼ + stars: | 2024-03-30 | by ( Emma Tucker | ) edition.cnn.com time to read: +6 min

CNN —A Texas appeals court upheld two injunctions in a pair of legal cases Friday, in an order blocking the state’s Department of Family and Protective Services from investigating families of transgender youth who are seeking gender-affirming medical care for their children. The court of appeals upheld a trial court decision in the Friday order, ruling in favor of LGBTQ+ advocates and families in two related Texas lawsuits asking a state court to block the agency from investigating parents who provide their children with gender-affirming care. Paxton appealed the district court injunction in March and declared investigations could continue during the appeal process under the law. The court, in its opinion, also affirmed Paxton’s opinion does not alter preexisting law or legal obligations of the department. Abbott’s directive to the agency was seen by many as an attack on transgender children and their families.

Persons: CNN —, Greg Abbott, Ken Paxton, Abbott, “, ”, Paxton, Bill, Chase Strangio, ” CNN’s Amir Vera, Ashley Killough Organizations: CNN, state’s Department of Family and Protective Services, Texas Gov, Republican, Department of Family and Protective Services, ”, Lambda Legal, ACLU, Texas Supreme, Gov, American Medical Association, American Psychiatric Association, American Academy of Pediatrics, HIV Locations: Texas, State of Texas, Travis County

☆ Facebook started paying users to post. A wave of spam and illicit account sales followed.
▼ + stars: | 2024-03-30 | by ( Rob Price | Sydney Bradley | ) www.businessinsider.com time to read: +9 min

Read previewThe influencer had a directive for the 75,000 members of her Facebook Group. Some creators' Facebook pages look vibrant, with thousands of followers and every photo and post they share accruing numerous comments, affirmations, and reactions. PLEASE refrain from using the normal words," wrote an administrator for "Maniifesting 55k (META}🤑" , a Facebook Group with 6,500 members. AdvertisementBuying and selling Facebook accounts is prohibited, but a bustling trade in Performance Bonus accounts is thriving in some of the Groups. The 22,000-member "$30k Performance Bonus" Group hosts a mix of posts begging for engagement and people openly selling Facebook accounts.

Persons: —, affirmations, Meta, That's, Baltimore influencer, tim e Organizations: Service, Facebook, Business, Baltimore, Facebook Groups, Facebook's, GE Locations: Baltimore

☆ Europe saved its bears from extinction. Now some countries want more rights to shoot them
▼ + stars: | 2024-03-29 | by ( Billy Stockwell | ) edition.cnn.com time to read: +8 min

Wild brown bear populations across Europe have bounced back from the brink of extinction, and animal conservationists are thrilled. Some countries are arguing that law lies too far in the bears’ favor at the expense of human lives. Several European Union (EU) countries who are in favor of watering down bear protections are now taking their fight to the bloc’s headquarters in Brussels. How to deal with bear attacks have been on the political agenda of some of the EU’s 27 member countries for years. But some people argue that there are more humane ways to prevent bear attacks.

Persons: CNN —, Liptovský Mikuláš, John Linnell, ”, ’, Dominika Zarzycka, ” Linnell, “ It’s, Robin Rigg, Bruno, there’s, Linnell Organizations: CNN, Authorities, European Union, EU Environment Council, Norwegian Institute for Nature Research, “, Getty, Slovak Wildlife Society, EU Locations: Slovakian, Liptovský, Slovakia, Europe, Brussels, Romania, Finland, EU’s, attractants, Germany, Italy, Hungary, Spain, Ireland, Malta, Cyprus, Japan

☆ Wirecard tried to destroy its whistleblower. Now, he's founded a startup to protect others who speak out.
▼ + stars: | 2024-03-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

Read previewBeing a whistleblower was antithetical to everything Pav Gill had done during his nine-year stint as a corporate lawyer. When Wirecard headhunted the Singaporean native to be its head of legal, Gill took up the position enthusiastically. Despite the fruitful outcome, the experience of being a whistleblower traumatized Gill. AdvertisementThis realization was the driving force behind Gill setting up his startup — Confide — a platform for 'internal whistleblowers' to raise issues within their organizations. AdvertisementGill anticipates that this model will work best for companies with over 50 employees, and ideally above 250 employees.

Persons: —, Pav Gill, Gill, foraying, Wirecard, Gill's, don't, " Gill, they're Organizations: Service, Allen, Business, Financial, Directive, EU Locations: Wirecard, Asia, Singapore, ESG

☆ Boeing's CEO and other executives are out after a string of crises. Here's a roundup of recent issues.
▼ + stars: | 2024-03-25 | by ( Graham Rapier | Taylor Rains | ) www.businessinsider.com time to read: +1 min

737 Max 9 blowoutA gaping hole where the paneled-over door had been on Alaska Airlines Flight 1282. NTSB/APIn January, a Max 9 door plug blew out on an Alaska Airlines flight that took off from Portland, Oregon. Boeing's CEO, Dave Calhoun, hosted an all-hands meeting with employees shortly after the incident. "We're going to approach this, number one, acknowledging our mistake," Calhoun said at a 737 Max factory in Washington, according to multiple media outlets. Less than two weeks before that episode, Boeing had asked airlines to inspect all its 737 Max planes for loose bolts.

Persons: Max, Dave Calhoun, Calhoun, he's, — Organizations: Max, Alaska Airlines, AP, Regulators, United Airlines, Federal Aviation Administration, Boeing's, Boeing Locations: Portland , Oregon, Alaska, United, Washington

☆ China keeps on finding ways to hurt USA Inc
▼ + stars: | 2024-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Beijing has asked domestic EV companies to ramp up spending with local chip makers, per Bloomberg. It has bruised Tesla too, as it battles for market share with domestic EV makers competing on price. AdvertisementApple, for instance, generated almost 20% of its revenue from sales in China last year. Nvidia reported $10.3 billion in revenue from China for its last fiscal year, up from $5.8 billion the year prior. Chinese EV makers like BYD are being asked to buy chips locally instead of from US firms.

Persons: —, Tesla, BYD, Orin, Fabrice Coffrini Organizations: Bloomberg, Service, China's Ministry of Industry, Information Technology, Huawei, Publishing, Getty, Nvidia Locations: China, Beijing, BYD, Hangzhou, chipmakers, Chinese, AFP

☆ Turkey opts for new tightening strategy after signaling a pause to hikes
▼ + stars: | 2024-03-15 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

A picture taken on August 14, 2018 shows the logo of Turkey's Central Bank at the entrance of its headquarters in Ankara, Turkey. Turkey's central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was over. The institution sent a directive to lenders, effective Friday, instructing them to put parts of their required lira reserves into blocked accounts. Economic data platform Emerging Market Watch posted on X, describing the central bank as taking "another tightening step via reserve requirements." "Last week the CBRT tightened restrictions on lira loan growth, a move that would likely have a similar impact to an interest rate hike."

Persons: That's, Arda Tunca, Dan Murphy Organizations: Turkey's Central Bank, Reuters, CNBC, Capital Economics, FX, Economics Locations: Ankara, Turkey, Turkey's, Istanbul, Turkish, London

☆ First ship carrying aid approaches Gaza Strip as Israel accused of stalling supplies
▼ + stars: | 2024-03-15 | by ( Dalya Al Masri | ) www.cnbc.com time to read: +8 min

Video footage from the AFP news agency showed the ship visible off the shore of the Gaza Strip on Friday morning London time. Israel last year agreed to work with Cyprus in setting up an aid corridor across the sea between the European Union member and the Gaza Strip. Trucks carrying humanitarian aid and food supplies at the Kerem Shalom Crossing on the Israel-Gaza border. Bloomberg | Bloomberg | Getty ImagesA spokesperson for the Israel Defense Forces said it continues to expand its efforts to enable the entry of humanitarian aid into the Gaza Strip. Earlier this month, Refugees International released a report that alleges that Israel is obstructing the entry of life-saving supplies into the Gaza Strip.

Persons: —, Juliette Touma, Ahmad Hasaballah, Nebal Farsakh, Farsakh, Israel, Touma, Menahem Kahana, Philippe Lazzarini, Jesse Marks, Jordan, José Andrés, Jose Andres, Sen, Chris Coons, Peter Welch, Andres, Chip Somodevilla Organizations: Afp, Getty, AFP, European Union, Israeli Foreign Ministry, United Nations Relief, Works Agency for Palestine Refugees, CNBC, Palestinian Health Ministry, Palestine Red Crescent Society, West Bank, Bloomberg, Israel Defense Forces, United Arab Emirates, ., IDF, Palestinian, Refugees International, UN, Gaza, Arms, U.S, Capitol Locations: Cypriot, Larnaca, Gaza, Spanish, Cyprus, Israel, Rafah, Egypt, Palestine, Israeli, Kerem, U.S, United States, Israel's, Morocco, Israel's Ben Gurion, WASHINGTON, DC, Washington ,

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ When the Pandemic Hit Home
▼ + stars: | 2024-03-12 | by ( Catherine Pearson | ) www.nytimes.com time to read: +11 min

The World Health Organization declared Covid-19 a pandemic on March 11, 2020 — but we all have our own memories of when normal life stopped. ASIA EDWARDS, 39, BLOOMFIELD, N.J.Johnna Wallace While driving to work at the beginning of the pandemic, I couldn’t help but wonder: Was this how I was going to die? I am an emergency room nurse. Scott McGlasson My 55-year-old wife was dying from metastatic breast cancer when the pandemic hit. WENDY LAMPARELLI, 57, RIDGEFIELD PARK, N.J.Ellen Blossom Our home was hit by a tornado on March 3.

Persons: Sheehan Fisher, Katie MacGregor, KATIE MacGREGOR, WHITING , MAINE Asia Edwards Covid, ASIA EDWARDS, Johnna Wallace, JOHNNA WALLACE, Julie DeJager, Tom Hanks, JULIE DeJAGER, CLEVELAND , OHIO Katherine Schwartz, Covid, it’ll, ”, Wanda, KATHERINE SCHWARTZ, Jean Martirez Barton, —, “, JEAN MARTIREZ BARTON, Lauren Alzos, I’d, LAUREN ALZOS, BROOKLYN Farah Alvin My, Chuck E, cupcakes, ” FARAH ALVIN, Vicky Fleming I’m, VICKY FLEMING, Scott McGlasson, SCOTT McGLASSON, MINNEAPOLIS Aisha McMillan, AISHA McMILLAN, BALTIMORE Melissa Manning, MELISSA MANNING, CITY Sarah Cornwell, SARAH CORNWELL, Christie Poulton, CHRISTIE POULTON, Wendy Lamparelli, WENDY LAMPARELLI, Ellen Blossom, ELLEN BLOSSOM, NASHVILLE Maryann Briggs, Jasmine, MARYANN BRIGGS, Matt Dominianni, MATT DOMINIANNI, Carrie Shanafelt, CARRIE SHANAFELT, BRONX Ali Jordahl, Terri Tilford, I’m immunocompromised, TERRI TILFORD, Tim Prendergast, TIM PRENDERGAST Organizations: World Health Organization, Northwestern University Feinberg School of Medicine, The Times, Costco, GREAT, BJ’s Wholesale, Broadway, CITY, NASHVILLE, Bronx ., BRONX, ALI, ATLANTA, TIM Locations: Mason City , Iowa, WHITING , MAINE Asia, BLOOMFIELD, N.J, DURHAM, CONN, CLEVELAND , OHIO, New Mexico, Chicago, Albuquerque, EVANSTON, Manhattan, BROOKLYN, P.P.E, GREAT BARRINGTON, MINNEAPOLIS, BALTIMORE, HILLSBORO, RIDGEFIELD PARK, Covid, BOULDER, COLO, Bronx, Atlanta, PALM SPRINGS, CALIF

☆ China is teaching the likes of Apple and Tesla a very painful business lesson
▼ + stars: | 2024-03-11 | by ( Hasan Chowdhury | Lina Batarags | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In turn, sentiment toward Western business has soured. It's no wonder US companies that once banked on this being the "Chinese century" are having to learn a very painful lesson about doing business in China. According to The Wall Street Journal, a directive known as Document 79 is being ramped up to push out Western companies. AdvertisementHow Western companies respond will be closely watched, as China remains too valuable to lose a hold of.

Persons: —, Apple's, Tesla, Gene Munster, Wang Gang, Muster, BYD, It's, John Keeble, Li Qiang, Suzanne Clark Organizations: Service, Business, Research, Apple, Getty, Shanghai gigafactory, Bloomberg, China's Passenger Car Association, Deepwater Asset Management, Huawei, Volkswagen, Reuters, National People's Congress, Wall Street, US Chamber of Commerce Locations: China, Beijing, Shanghai

☆ French appetite for frogs’ legs threatens frog species, experts warn Macron
▼ + stars: | 2024-03-11 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +3 min

CNN —The popularity of the famous French delicacy of cuisses de grenouille, or frogs’ legs, is threatening the existence of certain frog species, a group of more than 500 environmental campaigners has warned French President Emmanuel Macron. A joint study by Robin des Bois and Pro Wildlife found that France alone consumes more than 3,000 tons of frozen frogs’ legs a year. Vietnam is also a large exporter of frogs’ legs, but these frogs are typically farmed rather than wild, according to a media statement accompanying the letter. “But the EU still tolerates the collection of millions of animals in other countries – even if this threatens the frog populations there. The signatories called on France to develop proposals to protect declining frog species, and to ensure that the monitoring, regulation and sustainability of the trade in frogs’ legs is governed by international trade rules.

Persons: Emmanuel Macron, Robin des Bois, Jeff Pachoud, ” Fejervarya, Arun Roisri, ” Sandra Altherr, Alain Moussu, Moussu Organizations: CNN, Biodiversity, Pro Wildlife, European Union, Wildlife, Getty Locations: France, Pierrelatte, Lyon, AFP, Indonesia, Turkey, Albania, Vietnam, Europe

☆ National Guard Can’t Carry Long Guns While Checking Bags in Subway
▼ + stars: | 2024-03-09 | by ( Hurubie Meko | ) www.nytimes.com time to read: +1 min

Kathy Hochul announced on Wednesday that hundreds of National Guard soldiers would be deployed to patrol the New York City subway system and check riders’ bags, her office made an adjustment: Soldiers searching bags would not carry long guns. The change, which was first reported by The Daily News, was ordered by Ms. Hochul on Wednesday for implementation on Thursday, according to a spokesman for the governor. Ms. Hochul issued a directive that National Guard members would be prohibited from carrying long guns at bag-check stations, he said. Soldiers not working at the stations would presumably be allowed to carry them. “It will, unfortunately, create a perfect storm for tension, escalation and further criminalization of Black and brown New Yorkers.”

Persons: Kathy Hochul, Hochul, Donna Lieberman, Ms, Lieberman, ” Organizations: National Guard, New, The Daily, Civil Liberties Union Locations: New York City

☆ Premarket stocks: Why another unexpectedly hot jobs report could derail markets
▼ + stars: | 2024-03-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Wall Street was taken aback by the US labor market’s resilience in January. Another unexpectedly hot report could shake things up again. The January jobs report showed that the US economy added a stunning 353,000 jobs that month and the unemployment rate stayed at 3.7%. The new EU regulations force sweeping changes on some of the world’s most widely used tech products, including Apple’s app store, Google search and messaging platforms, including Meta’s WhatsApp. The broad obligations apply only to the EU, which could leave tech users in the United States and other markets looking longingly at some of the features Big Tech is rolling out in response to the European directive.

Persons: Jerome Powell, he’s, “, ” Powell, Bonnie Cash, —, ’ ”, BeiChen Lin, It’s, Loretta Mester, ”, José Torres, Meta’s, Brian Fung, Apple, Bing, Read, Elisabeth Buchwald, NYCB, Steven Mnuchin’s, Alessandro DiNello, ” Read Organizations: CNN Business, Bell, New York CNN, Federal, Financial, Capitol, Reuters, Traders, Russell Investments, ” Cleveland Federal, CNBC, Market, Interactive Brokers, Apple, Google, Union citizens, Big Tech, New York Community Bank, Silicon Valley Bank, Liberty Strategic Capital Locations: New York, Washington ,, United States, NYCB, Silicon

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