By Diksha Madhok, Ehsan Popalzai and Masoud Popalzai, CNN The ruling Taliban has signed a deal with a Chinese company to extract oil from northern Afghanistan’s Amu Darya basin as the radical Islamist group attempts to bolster the South Asian nation’s increasingly impoverished and isolated economy. The agreement with China’s Xinjiang Central Asia Petroleum and
Continue Reading By Oliver Darcy, CNN Business The Wall Street Journal is demanding answers from the Phoenix Police Department after an officer detained and handcuffed one of its reporters outside a Chase Bank — an incident that press freedom advocates say raises First Amendment concerns and mirrors a larger, growing hostility from local law enforcement toward journalists
Continue Reading By Kathleen Magramo, CNN Hong Kong’s flagship airline is more than doubling its flights from the city to mainland China after the easing of pandemic restrictions, raising hopes of a recovery after dramatically cutting operations and suffering losses. Cathay Pacific Airways’ ramped up flight schedule was announced after China confirmed on Thursday that it will
Continue Reading By Alexandra Peers, CNN Peloton has agreed to pay a $19 million fine for failing to promptly report treadmill hazards and for distributing recalled treadmills, the Consumer Products Safety Commission said Thursday. The fine resolves charges that the company had “knowingly failed to immediately report” to the US regulator defects with its Tread+ treadmill, it
Continue Reading By Nicole Goodkind, CNN The US auto industry just posted its worst sales in more than a decade — but that’s not necessarily a bad sign for the sector. What’s happening: 2022 was the worst year in more than a decade for the auto industry, largely because manufacturers couldn’t keep up with consumer demand. Supply
Continue Reading By Pete Muntean, CNN House Democrats overseeing airlines are telling Transportation Secretary Pete Buttigieg to come down harder on Southwest Airlines for stranding millions of passengers over the holidays. “We believe much more needs to be done,” more than two dozen Democrat members of what will be the House Committee on Transportation and Infrastructure wrote
Continue Reading By Pete Muntean, CNN House Democrats overseeing airlines are telling Transportation Secretary Pete Buttigieg to come down harder on Southwest Airlines for stranding millions of passengers over the holidays. “We believe much more needs to be done,” more than two dozen Democrat members of what will be the House Committee on Transportation and Infrastructure wrote
Continue Reading By Peter Valdes-Dapena, CNN Business Stellantis’s Ram truck brand is behind its competitors on launching an electric pickup, with trucks from major rivals already on the market or coming soon. But Stellantis CEO Carlos Tavares has said the company is using its time to come up with features and capabilities competitors won’t have. That may
Continue Reading By Clare Duffy, CNN Two months after Elon Musk laid off half of Twitter’s workforce, some employees affected say they have yet to receive any formal severance offer or separation agreement. One former Twitter employee told CNN that they had expected to receive some information from the company by Wednesday, the last official employment date
Continue Reading By David Goldman, CNN Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. The WWE has disclosed multiple expenses that McMahon hadn’t disclosed, totaling $19.6 million, which
Continue Reading By Peter Valdes-Dapena, CNN Business General Motors, with its Cadillac luxury brand, has joined racing team managers Andretti Global in a bid to race in the prestigious Formula One Championship series. Together, they plan to submit a formal “Expression of Interest” to the Fédération Internationale de l’Automobile, or FIA, the sport’s governing body. If approved,
Continue Reading By Jeanne Sahadi, CNN The Federal Trade Commission on Thursday said it is proposing a rule to ban employers from imposing noncompete agreements on workers and to rescind all existing noncompete agreements. The FTC’s reasoning: Such agreements, which affect millions of rank-and-file employees and independent contractors across industries, in addition to business executives, have suppressed
Continue Reading By Brian Fung, CNN Email addresses linked to more than 200 million Twitter profiles are currently circulating on underground hacker forums, security experts say. The apparent data leak could expose the real-life identities of anonymous Twitter users and make it easier for criminals to hijack Twitter accounts, the experts warned, or even victims’ accounts on
Continue Reading By Alicia Wallace, CNN Friday’s jobs report is expected to show that the US economy added 200,000 jobs in December, with the unemployment rate holding steady for the third-straight month at 3.7%. The Labor Department’s final monthly employment tally for 2022 likely brings with it some familiar storylines. — Job growth is expected to remain
Continue Reading By Jordan Valinsky, CNN Business Delta Air Lines is rolling out free Wi-Fi to most of its planes beginning February 1. “It’s going to be free, it’s going to be fast and its going to be available for everyone,” Delta CEO Ed Bastian said Thursday at Consumer Electronics Show in Las Vegas. He added that
Continue Reading By Jordan Valinsky, CNN Business Delta Air Lines is rolling out free Wi-Fi to most of its planes beginning February 1. “It’s going to be free, it’s going to be fast and its going to be available for everyone,” Delta CEO Ed Bastian said Thursday at Consumer Electronics Show in Las Vegas. He added that
Continue Reading By Parija Kavilanz, CNN Many of us swipe on our favorite lipstick, mascara or blush in an easy breezy manner, without much physical effort. But there are millions of people for whom applying makeup poses a much bigger challenge. French cosmetics giant L’Oreal unveiled a new handheld makeup applicator called HAPTA at this year’s the
Continue Reading By Danielle Wiener-Bronner, CNN Helen of Troy, which owns OXO and Osprey among other consumer goods and beauty brands, is laying off 10% of its staff, in the face of sluggish demand and economic uncertainty. “The new structure will reduce the size of our global workforce with impact across all business segments, departments and shared
Continue Reading By Jennifer Korn Getty Images announced a lawsuit against Stability AI, the company behind popular AI art tool Stable Diffusion, alleging the tech company committed copyright infringement. The stock image giant accused Stability AI of copying and processing millions of its images without obtaining the proper licensing, according to a press release issued Tuesday. London-based
Continue Reading By Jennifer Korn and Samantha Kelly, CNN New York City public schools will ban students and teachers from using ChatGPT, a powerful new AI chatbot tool, on the district’s networks and devices, an official confirmed to CNN on Thursday. The move comes amid growing concerns that the tool, which generates eerily convincing responses and even
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