Remote or office work? The strategies are varied
As companies implement post pandemic work plans, some businesses are allowing hybrid options while others want employees back in the office full time. CNN’s Anna Stewart reports.
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As companies implement post pandemic work plans, some businesses are allowing hybrid options while others want employees back in the office full time. CNN’s Anna Stewart reports.
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By Matt Egan, CNN Business The era of virtual work isn’t ending at UBS. The Swiss bank will allow up to two-thirds of its employees around the world to permanently adopt a hybrid schedule that includes a mix of working from home and from the office, a person familiar with the matter told CNN Business.
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By Julia Horowitz, CNN Business After dramatically collapsing this spring, the crypto market is attempting a comeback. What’s happening: Bitcoin and Ethereum prices jumped on Monday as investors showed they’re willing to increase exposure even after recent drawdowns. Bitcoin, which hit an all-time high of nearly $65,000 in April, plummeted as low as $28,800 last
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By Michelle Toh, CNN Business Tesla’s bad run in China is getting worse. Nearly all of the vehicles that Elon Musk’s electric carmaker has built and sold in China since opening a Gigafactory in Shanghai are being recalled over concerns about the cruise control system. The problem, according to Chinese regulators, is that the system
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By Hanna Ziady, CNN Business Marco Gobbetti, who led a turnaround at Burberry, will leave the British luxury fashion label at the end of this year to return to Italy where he’ll head up rival Salvatore Ferragamo. Burberry announced Gobbetti’s resignation in a statement on Monday, sending the company’s share price as much as 8%
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. All day long on Sunday, the Miami Herald homepage was dominated by a single all-caps word: “SEARCHING.” The searching continued around the clock at the site of the condo collapse
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By Alexis Benveniste, CNN Business As the anniversary of the Capital Gazette newsroom shooting approaches, the publication’s former editor, Rick Hutzell, is reflecting on how the newspaper recovered. “I really focus on the work we put into it moving forward,” Hutzell told CNN’s Chief Media Correspondent Brian Stelter on “Reliable Sources” Sunday. And Stelter pointed
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By Alexis Benveniste, CNN Business The Financial Conduct Authority, a regulatory body in the United Kingdom, has banned Binance, a popular cryptocurrency exchange platform, from offering certain services in the country. “Binance Markets Limited is not permitted to undertake any regulated activity in the UK,” the FCA said in a statement Saturday. Binance — one
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CNN’s Brian Stelter speaks with Los Angeles Times owner Patrick Soon-Shiong and editor Kevin Merida as the publication expands its digital footprint in an effort to “redefine the modern American newspaper.”
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By Frank Pallotta, CNN Business The latest Fast & Furious film has our heroes rocket a Pontiac Fiero into outer space. But that was merely the second most impressive feat the film pulled off this weekend. The first was opening to the biggest box office numbers since the pandemic began. “F9: The Fast Saga,” the
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By Julia Horowitz, CNN Business There’s never been a better time for companies to raise funding from hot markets or make moves to scoop up their competitors. That’s been a huge boon to investment bankers, who are gearing up for another summer of juggling dealmaking with vacations. What’s happening: The US market for initial public
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By Helen Regan, Anna Coren, Sandi Sidhu and Salai TZ, CNN Business Myanmar’s military junta is using torture to extract information from detainees on the whereabouts of senior opposition members and activist leaders, according to an American citizen and journalist who was recently released from a Yangon prison. Nathan Maung, 44, was detained for more
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US-Burmese journalist Nathan Maung tells CNN of torture and conditions in Myanmar’s notorious Insein prison after he was detained for spreading “fake news”. Maung is safely in the US, but fears for his family still in Myanmar – and the treatment of his TV news producer Hanthar Han Thar Nyein who was arrested at the same time – but remains in prison. CNN’s Anna Coren reports.
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By Jordan Valinsky, CNN Business There’s been a sharp rise in cyberattacks in recent weeks, often disrupting services and products that are essential to everyday lives. In May, the ransomware attack that forced a six-day shutdown of Colonial Pipeline — a key East Coast line that delivers gas to millions of people — brought the
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Hackers broke into the systems of Electronic Arts, one of the world’s biggest video game publishers, and stole game source code. CNN’s Alex Marquardt reports.
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By Danielle Wiener-Bronner, CNN Business Johnson & Johnson has agreed to a $230 million settlement with New York state, resolving complaints from the state’s attorney general over the pharmaceutical company’s role in the opioid epidemic. “Johnson & Johnson helped fuel this fire,” New York Attorney General Letitia James said in a statement Saturday. “While no
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By Jordan Valinsky, CNN Business There’s been a sharp rise in cyberattacks in recent weeks, often disrupting services and products that are essential to everyday lives. In May, the ransomware attack that forced a six-day shutdown of Colonial Pipeline — a key East Coast line that delivers gas to millions of people — brought the
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By Michelle Toh, CNN Business Hong Kong has long been Asia’s leading financial hub, straddling the West and China. But as Beijing tightens its grip on a city still largely cut off by coronavirus restrictions, it’s increasingly tricky for tech, media and banks to do business — and some fear the end of an era.
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CNN’s Brianna Keilar rolls the tape on how Fox News host Laura Ingraham conducted an interview with a Capitol rioter who seemed to downplay the attack.
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By Moira Ritter, CNN Business An anchor for GB News, a newly-launched TV channel in Britain that has been compared to Fox News in the US, said he is taking a break after just two weeks on the job. At the end of his regular program Thursday, Andrew Neil, who also serves as chairman of
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