By Hannah Ritchie, Teele Rebane and Eric Cheung, CNN Business Hong Kong’s flagship airline warned Friday that strict new quarantine measures in the city could lead to “dramatic disruptions” to local supply chains, as the company is forced to curb some passenger and cargo flights. Cathay Pacific’s note of caution came as the Hong Kong
Continue Reading By Parija Kavilanz, CNN Business Enough already! Can we call it a wrap on 2021? As if this year hasn’t been challenging enough, it’s leaving us with one more parting shot — a Champagne shortage. Revelers looking forward to cheering in 2022 with a favorite bubbly should brace for possible disappointment — especially if you
Continue Reading By Gregory Wallace, CNN Business Airline cancellations are surging Thursday for a seventh straight day and threaten to throw off weekend flights home for holiday travelers. The spate of cancellations means tens of thousands of travelers are attempting to rebook as the Transportation Security Administration expects 10 million more people to pass through airport screening
Continue Reading By Jack Guy, CNN UK bank Santander got into the Christmas spirit this year by paying out a total of £130 million ($175 million) to customers by mistake on December 25. The total payment was split over 75,000 transactions for around 2,000 corporate and commercial customers, Santander said in a statement published Thursday. “We’re sorry
Continue Reading By Anneken Tappe, CNN Business America’s latest report on unemployment benefits is proof that the US jobs recovery is still in full-swing. The average number of weekly jobless benefits claims over the past four weeks fell to 199,250. That’s the lowest four-week moving average since October 1969, the Labor Department reported Thursday. Last week alone,
Continue Reading Opinion by Bill Carter for CNN Business Perspectives ‘Tis the season; but there aren’t many reasons to be jolly. The pandemic is back, not that it ever really left. Headlines are again dominated by explosively rising case numbers, which means equally rising levels of depression and panic. Covid is a news story so inescapable it
Continue Reading By Jordan Valinsky, CNN Business JetBlue Airways is reducing its schedule by about 1,280 flights from Thursday through January 13 because a growing number of crew members are falling sick from Covid infections. “We expect the number of Covid cases in the northeast — where most of our crewmembers are based — to continue to
Continue Reading By Taylor Romine and Naomi Thomas, CNN Business The cruise liner Queen Mary 2 will not make its planned return to the Big Apple after a Covid outbreak onboard. The Queen Mary 2 dropped off 10 Covid-19 infected passengers in New York earlier this month. Instead of returning to call in New York as originally
Continue Reading By Jessie Yeung, CNN Business Hong Kong authorities are defending the arrests of seven people linked to a pro-democracy publication in the face of growing international condemnation, with the city’s leader insisting the police raids had “nothing to do with journalistic or media work.” More than 200 police officers raided the offices of Stand News
Continue Reading By Jill Disis, CNN Business SenseTime rallied in its Hong Kong debut Thursday, as it tried to move past a politically-fraught month that forced the Chinese artificial intelligence startup to delay its initial public offering. Shares in the company were last trading at 4.29 Hong Kong dollars (55 cents) each, up more than 11% from
Continue Reading By Jessie Yeung, Esha Mitra and Arpit Goel, CNN Doctors in India are bracing for a potential third wave driven by the highly contagious Omicron variant, as cases rise and political leaders hold mass gatherings ahead of key elections. In the past week, India’s Omicron case numbers have more than tripled, with 781 infections now
Continue Reading By Jeanne Sahadi, CNN Business The recent surge in Omicron cases may have put a halt to many of your holiday plans. But it also may give you extra time to consider your goals in the new year. If improving your finances is on your list of resolutions, here are some ideas to consider. Jump
Continue Reading By Nathaniel Meyersohn, CNN Business Editor’s note: A previous version of this report said Fight for $15 advocate Deatric Edie was currently a manager at a McDonald’s restaurant in Hollywood, Florida, and that she was worried that the restaurant was not prioritizing safety. CNN Business was not able to independently verify that Edie was a
Continue Reading By Allison Morrow and Anneken Tappe, CNN Business One of the more insidious myths this year was that young people didn’t want to work because they were getting by just fine on government aid. People had too much money, went the narrative. Only trouble is, the numbers don’t back it up. Instead, early retirement —
Continue Reading By Matt McFarland, CNN Business Drivers with Tesla’s “full self-driving” software often don’t know what their cars will do next. Tesla owners have been wowed by their cars’ new abilities, but some say they have also been alarmed and frustrated by the accompanying flaws. One second drivers find themselves praising the cars’ skills; the next
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