Biz/Tech Archives

Good news: Paychecks are going up. Bad news: So is inflation

January 28, 2022 7:10 AM CNN Newsource

By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices.…

Good news: Paychecks are going up. Bad news: So is inflation

January 28, 2022 7:10 AM CNN

CNN, WFRV By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did…

Workers don’t know their schedules until the last minute. That’s a big problem

January 28, 2022 7:02 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Retail and restaurant work is notorious for irregular scheduling and last-minute changes — factors that can…

Austria: $1.9B relief package to offset rising energy prices

January 28, 2022 6:52 AM Associated Press

VIENNA (AP) — Austria will subsidize household energy costs with a $1.9-billion relief package to offset rising prices. Chancellor Karl Nehammer…

A key inflation gauge rose 5.8% in 2021, most in 39 years

January 28, 2022 6:38 AM Associated Press

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last…

A key inflation measure rose at the fastest pace since 1982

January 28, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business A key measure of inflation rose 5.8% between December 2020 and December 2021, the Bureau of Economic Analysis reported…

Gone too far? Tech earnings raise questions about market panic

January 28, 2022 6:20 AM CNN Newsource

By Julia Horowitz, CNN Business Investors in stocks have balked at the Federal Reserve’s aggressive pivot as it takes a stand against…

Child care workers are vanishing and it’s hurting the entire economy

January 28, 2022 6:18 AM CNN Newsource

By Alicia Wallace, CNN Business Since losing one-third of its workforce at the outset of the pandemic, the child care industry has seen a jobs…

Hewlett Packard Enterprise wins $5B fraud suit vs UK tycoon

January 28, 2022 6:17 AM Associated Press

LONDON (AP) — Tech giant Hewlett Packard Enterprise has won a multibillion-dollar lawsuit against a British businessmen it accused of fraud after…

A jump in factory fires is dangerous for the people who work there – and the supply chain

January 28, 2022 6:07 AM CNN Newsource

By Parija Kavilanz, CNN Business The unraveling of the global supply chain has been blamed on a multitude of factors — the pandemic, labor and raw…

Exclusive: Taco Bell favorite Mountain Dew Baja Blast is going boozy

January 28, 2022 6:01 AM CNN Newsource

By Jordan Valinsky, CNN Business Mountain Dew’s Baja Blast, the beloved tropical lime-flavored beverage that originated at Taco Bell, is being…

UniCredit was thinking of buying a Russian bank. Not any more

January 28, 2022 5:58 AM CNN Newsource

By Anna Cooban, CNN Business UniCredit has dropped a potential bid for a Russian state-owned bank because of the escalating crisis over Ukraine. CEO…

Philippines secures supersonic anti-ship missiles from India

January 28, 2022 5:52 AM Associated Press

MANILA, Philippines (AP) — The Philippines has signed a $378 million contract with India to acquire his country’s first shore-based anti-ship…

Shaky start for Stellantis bid to grab larger China stake

January 28, 2022 5:23 AM Associated Press

By COLLEEN BARRY AP Business Writer MILAN (AP) — Moves by carmaker Stellantis to consolidate its position in fast-growing China seem to be off to a…

Ukraine crisis updates: What to know amid the fears of war

January 28, 2022 5:19 AM Associated Press

By VANESSA GERA Associated Press WARSAW, Poland (AP) — High-stakes diplomacy continues to try to avert a war in Eastern Europe. The urgent efforts…

Huge demand at Caterpillar, but global supply constrains

January 28, 2022 5:16 AM Associated Press

By MICHELLE CHAPMAN AP Business Writer Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply…

Hong Kong economy grows 6.4% in 2021

January 28, 2022 4:53 AM Associated Press

BEIJING (AP) — Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Government data…

Tensions with Russia worry former US astronauts about the partnership in space

January 28, 2022 4:30 AM CNN Newsource

By Kristin Fisher, CNN The International Space Station has transcended terrestrial political troubles between the United States and Russia for more…

How last week’s 5G deployment went so wrong

January 28, 2022 4:30 AM CNN Newsource

By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was…

How last week’s 5G deployment went so wrong

January 28, 2022 4:30 AM CNN

CNN, CNNBUSINESS By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G…

UK companies told to bolster defenses against Russian cyberattacks

January 28, 2022 4:10 AM CNN Newsource

By Charles Riley, CNN Business UK companies and organizations have been urged to bolster their defenses against potential Russian cyberattacks as…

German economy shrank 0.7% in 4th quarter as COVID resurged

January 28, 2022 3:04 AM Associated Press

BERLIN (AP) — Official figures show that the German economy shrank by 0.7% in last year’s fourth quarter amid a resurgence in coronavirus…

UN labor group says 1.6M jobs lost in Myanmar in 2021

January 28, 2022 2:50 AM Associated Press

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — The International Labor Organization says about 1.6 million jobs were lost in Myanmar in…

Low-cost fashion brand H&M sees full-year sales up by 6%

January 28, 2022 2:44 AM Associated Press

STOCKHOLM (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB says its net sales in local currencies have increased by 8% in the fourth…

Google is investing another $1 billion in India’s smartphone market

January 28, 2022 2:33 AM CNN Newsource

By Diksha Madhok, CNN Business Google is investing up to $1 billion in a major Indian telecom company, a move it hopes will drive down the cost of…

AirAsia renamed Capital A to show it’s more than an airline

January 28, 2022 1:13 AM Associated Press

KUALA LUMPUR, Malaysia (AP) — Malaysia’s AirAsia Group has changed the name of its listed holding company to Capital A to reflect the diversity…

Germany: Brexit pushed exports to UK down 2.5% last year

January 28, 2022 12:47 AM Associated Press

BERLIN (AP) — Official figures show that German exports to the U.K. dropped another 2.5% last year, the first full year of Brexit, following a huge…

Executive overseeing investments leaves Japan’s SoftBank

January 28, 2022 12:33 AM Associated Press

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Marcelo Claure, who joined SoftBank Group after turning around one of its key investments,…

Google to invest $1 billion to push India’s digitalization

January 28, 2022 12:04 AM Associated Press

NEW DELHI (AP) — Google plans to invest up to $1 billion in partnership with India’s Airtel for providing affordable access to smartphones to…

S. Korea plans to add small clinics as omicron fuels surge

January 28, 2022 12:03 AM Associated Press

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — South Korea plans to add hundreds of small neighborhood hospitals and clinics to treat…