Tag: business news

Afghanistan’s health-care system is ‘on the brink of collapse,’ WHO warns

In this photo taken on March 20, 2019, an Afghan health worker administers a polio vaccine to a child in the Kandahar province. Javed Tanveer | AFP | Getty Images Afghanistan’s health-care system is “on the brink of collapse” as a lack of funding left thousands of health facilities struggling to buy medical supplies and […]

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New rules for investing in China: Lessons from Beijing’s education crackdown

Chinese ride-hailing company Didi offers cars for guests of the Annual Meeting of the New Champions 2017 (World Economic Forum’s Summer Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visual China Group | Getty Images BEIJING — As overseas investors reel from Beijing’s regulatory crackdown, the rapid fallout in […]

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CDC panel endorses Pfizer Covid booster shots for high-risk adults, rejects plan to distribute widely across America

A key Centers for Disease Control and Prevention advisory group voted Thursday to recommend distributing Pfizer and BioNTech‘s Covid-19 booster shots to older Americans, nursing home residents and other vulnerable people, clearing the way for the agency to give the final OK as early as this evening. The agency’s Advisory Committee on Immunization Practices unanimously endorsed giving […]

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Southwest Airlines’ next CEO says carrier will cut flights next year if staffing falls short

A passenger checks in her luggage at the Southwest Airlines terminal at LAX. Mel Melcon | Los Angeles Times | Getty Images Southwest Airlines customers suffered hundreds of cancelations, delays and other disruptions this summer as the carrier struggled with snowballing problems of bad weather and a lack of staff. Its next CEO, Bob Jordan, […]

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More hours, pay and flexibility: What Target’s holiday hiring plans say about the labor market for retailers

Target said Thursday that it is taking a different staffing approach this holiday season as it gears up for a rush of shoppers at stores and on its website: It will trim back seasonal hires and give more hours to existing employees. In all, the discounter said it expects current store staff — about 300,000 […]

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Impossible Foods to launch meatless pork in U.S., Hong Kong and Singapore

Impossible Foods’ latest meatless product is set to hit tables from Thursday: plant-based pork that claims to be tastier and healthier than the real deal. The ground pork product will first be available in restaurants in the U.S., Hong Kong and Singapore, with further plans for retail expansion in those markets in the coming months. […]

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Chip shortage expected to cost auto industry $210 billion in revenue in 2021

Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford With no end in sight this year, the ongoing semiconductor chip shortage is now expected to cost the global automotive industry an estimated […]

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Chinese augmented reality glasses maker Nreal valued at $700 million after fresh funding

An attendee tries a pair of Nreal mixed-reality glasses at the MWC Shanghai exhibition in Shanghai, China, on Tuesday, Feb. 23, 2021. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Chinese augmented reality (AR) glasses maker Nreal has raised $100 million to fund international expansion and develop new products. Augmented reality refers to […]

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zee: Zee to merge with Sony (47:53%), under-fire Goenka stays in control – Times of India

Ten days after two of its largest shareholders sought the removal of Zee Entertainment Enterprises MD Punit Goenka, the latter has struck a merger deal with Sony Pictures Networks India that keeps him in the driver’s seat. Zee will merge with Sony Pictures in an agreement that gives the former 47% in the combined entity. […]

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Jeep and Ram partner with Bono’s (RED) organization for special-edition vehicles

Bono at the 2016 World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Jeep, Ram Trucks and Fiat are partnering with U2 frontman Bono’s (RED) organization to offer special-edition vehicles, aimed at raising more than $4 million to fight against health crises. The vehicles will include “(RED)” editions of the Jeep Compass and Renegade […]

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