By Diksha Madhok, CNN Business India is planning to launch a digital version of the rupee, becoming the latest country to join the rush to create state-backed virtual currencies. The country’s central bank expects to introduce the currency “using blockchain and other technologies” some time in the new fiscal year, which begins in April, according
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By Michelle Toh, CNN Business Rio Tinto has found disturbing patterns of racism, sexism, harassment and sexual assault among its global workforce of 47,500, according to a new investigation. On Tuesday, the mining giant published the findings of an external review it commissioned last year after months of scrutiny about how workers were being treated.
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The new 9am hour of “Morning Joe” is starting to come into focus. Eugene Daniels and Katty Kay have had discussions about taking on fixed roles on the show with
Continue Reading By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The new 9am hour of “Morning Joe” is starting to come into focus. Eugene Daniels and Katty Kay have had discussions about taking on fixed roles on the show with
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By Jennifer Korn, CNN Business The New York Times has acquired Wordle, the explosively popular game that gives players six chances to guess a five-letter word daily. The Times, which announced the purchase of the game on Monday, is adding the puzzle to their portfolio of word games such as The Crossword, The Mini and
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By Gregory Wallace and Pete Muntean, CNN The United Aviate Academy officially opened Thursday outside Phoenix, putting the school’s first class of about 60 students on a streamlined path to a new career. “I am very excited for it,” student pilot Adela Gallegos told CNN. The 23-year-old studied business administration in college and had no
Continue Reading By Gregory Wallace and Pete Muntean, CNN The United Aviate Academy officially opened Thursday outside Phoenix, putting the school’s first class of about 60 students on a streamlined path to a new career. “I am very excited for it,” student pilot Adela Gallegos told CNN. The 23-year-old studied business administration in college and had no
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By Charles Riley, CNN Business China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George Soros. The billionaire said in a speech at Stanford University’s Hoover Institution Monday that President Xi Jinping may not be able to restore confidence in the troubled industry, which
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By Brian Fung, CNN Business Sony is acquiring Bungie, the video game studio that created hit franchises such as “Halo” and “Destiny,” in a $3.6 billion deal that further centralizes the rapidly consolidating game industry. In a blog post, Sony (SONY) said the acquisition would help take its PlayStation platform “beyond the console” and flesh
Continue Reading By Charles Riley, CNN Business China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George Soros. The billionaire said in a speech at Stanford University’s Hoover Institution Monday that President Xi Jinping may not be able to restore confidence in the troubled industry, which
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By Jennifer Korn, CNN Business The world’s first all-electric passenger aircraft is preparing to take flight. The Alice, a plane developed by Israeli company Eviation, went through engine testing last week at Arlington Municipal Airport north of Seattle. According to Eviation CEO Omer Bar-Yohay, the Alice is just weeks away from its first flight. With
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By Paul R. La Monica, CNN Business The Los Angeles Rams or Cincinnati Bengals? No one knows what the outcome of the Super Bowl will be. But one thing seems certain. No matter who wins, sports betting companies could score financial touchdowns. This year stands to be the biggest one yet for the industry —
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By Ramishah Maruf, CNN Joe Rogan has responded to the backlash he’s received from Spotify artists surrounding Covid-19 misinformation on his popular podcast. “I’m not trying to promote misinformation, I’m not trying to be controversial. I’ve never tried to do anything with this podcast other than just talk to people and have interesting conversations,” Rogan
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By Frank Pallotta, CNN Business Spotify has had a rough couple of weeks. Its stock took a big hit Wednesday because of a slowing growth forecast, and the company has seen creators from the music and podcasting world desert the platform because of comments by comedian and podcast host Joe Rogan. While the departures are
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Opinion by Asutosh Padhi for CNN Business Perspectives As the managing partner for McKinsey in North America, I talk to CEOs every week, and I keep hearing the same thing across all industries and regions of the US: We’re in one of the most bewildering labor markets in a generation. Job openings remain dramatically higher
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By Scottie Andrew, CNN Within weeks of a Tennessee school district moving to ban “Maus,” a Pulitzer Prize-winning graphic novel depicting the horrors of the Holocaust, readers are propelling it to the top of best seller lists more than 30 years after it was first published. The hardcover edition of “The Complete Maus,” which includes
Continue Reading By Scottie Andrew, CNN Within weeks of a Tennessee school district moving to ban “Maus,” a Pulitzer Prize-winning graphic novel depicting the horrors of the Holocaust, readers are propelling it to the top of best seller lists more than 30 years after it was first published. The hardcover edition of “The Complete Maus,” which includes
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By Julia Horowitz, CNN Business What do banks, airlines and fast food chains have in common? They’re all keeping a close eye on rising wages, which could hold the key to where inflation heads next. This just in: Compensation for American workers climbed 4% in the year to December 2021, the biggest increase in two
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By Gabe Cohen, CNN Business Grocery costs keep climbing. Prices of meat, seafood, produce, cereal and other kitchen staples shot up 9% in 2021. That’s according to data from IRI, a Chicago-based market research firm, and the trend is continuing this year. Big-name brands are raising prices: Kraft Heinz announced hikes on Velveeta cheese, Oscar
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By Danielle Wiener-Bronner, CNN Business Stress eating is about to get more expensive: Hershey is raising prices this year. “Pricing will be an important lever for us this year and is expected to drive most of our growth,” Hershey CEO Michele Buck said in prepared remarks discussing the company’s financial results Thursday. In its 2022
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