By Charles Riley, CNN Business Germany is teetering on the brink of recession this winter as supply bottlenecks and a wave of new coronavirus cases hobble the economy. Europe’s largest economy will shrink 0.5% in the fourth quarter of this year, compared with the third, and stagnate in the first three months of 2022, according
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By Swati Gupta and Jessie Yeung, CNN High school students in India will be given full marks for a national exam question criticized as “blatantly misogynist” by the country’s opposition party. Parents and social media users also lashed out at India’s Central Board of Secondary Education (CBSE), which later apologized for the question and said
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By Laura He, CNN Business China’s largest telecom company has received the green light to raise billions of dollars for its 5G ambitions by listing shares in Shanghai, months after it was kicked out of New York. China Mobile said late Monday in a filing with the Hong Kong Stock Exchange, where it also trades,
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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. Fox News did not bother to air Monday night’s meeting of the House committee investigating the 1/6 attack. Neither did Newsmax or One America News. So right-wing TV audiences did
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By Swati Gupta and Mukhtar Ahmad, CNN A militant attack in Indian Kashmir left three police officers dead and 11 others injured, according to local police. A group of police officers were returning to the police campus when three militants opened fire on a police vehicle outside the main city of Srinagar, according to a
Continue Reading 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. Fox News did not bother to air Monday night’s meeting of the House committee investigating the 1/6 attack. Neither did Newsmax or One America News. So right-wing TV audiences did
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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. Fox News did not bother to air Monday night’s meeting of the House committee investigating the 1/6 attack. Neither did Newsmax or One America News. So right-wing TV audiences did
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By Sara Ashley O’Brien, CNN Business A group of employees at the controversial real-time crime alert startup, Citizen, voted in favor of forming a union. The Communications Workers of America confirmed that “a strong majority” of roughly 70 eligible workers voted to join its union in a National Labor Relations Board election, according to its
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By Ramishah Maruf, CNN Business MGM Resorts International announced Monday that it’s selling the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion. The sale should provide $815 million in net cash proceeds, MGM said. The transaction is expected to close in the second half of 2022. “This announcement marks
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By Parija Kavilanz, CNN Business As a recent wave of mob-led store robberies has put retailers, mall operators and communities on edge, one popular shopping center is keeping an unusual security measure in place through the holiday season. The Grove, a famous open-air shopping complex in Los Angeles, has added a high coil fence barrier
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By Kerry Flynn, CNN Business Vox Media, owner of Vox, The Verge, New York magazine and other digital media sites, is acquiring Group Nine Media. The company said Monday evening that it had signed an agreement to acquire Group Nine in a deal that is set to close in early 2022. The company indicated Jim
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By Liz Stark and Nathaniel Meyersohn, CNN Business The Occupational Safety and Health Administration has opened an investigation into the collapse of an Amazon warehouse in Illinois, after an EF-3 tornado caused major structural damage to the building Friday, a spokesman confirmed to CNN. At least six Amazon workers died at the warehouse building collapse.
Continue Reading By Liz Stark and Nathaniel Meyersohn, CNN Business The Occupational Safety and Health Administration has opened an investigation into the collapse of an Amazon warehouse in Illinois, after an EF-3 tornado caused major structural damage to the building Friday, a spokesman confirmed to CNN. At least six Amazon workers died at the warehouse building collapse.
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By Paul R. La Monica, CNN Business Oil prices began 2021 just under $50 a barrel. They are now trading just north of $70 and in October reached $85 -— a seven-year high. So it should come as no surprise that energy stocks are among the market’s biggest winners this year. Oil and natural gas
Continue Reading By Brian Fung, CNN Individual users, not tech platforms, shoulder the responsibility for the spread of misinformation online, according to Andrew Bosworth, a top exec at Meta, the company formerly known as Facebook. In an interview over the weekend with Axios on HBO, Bosworth said it is not up to Meta to stifle the views
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By Ramishah Maruf, CNN Business This article contains spoilers about the first episode of “And Just Like That…” Mr. Big is alive. At least according to Peloton. The Mr. Big character was killed off while riding a Peloton bike in the first episode of Sex and the City reboot, “And Just Like That…,” shocking fans.
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By Oliver Darcy, CNN Business Sony Pictures Television said Monday that “The Dr. Oz Show” will end in its thirteenth season on January 14, 2022. Sony said that “The Good Dish,” a show co-hosted by Oz’s daughter that focuses on nutrition and recipes, will replace the long-running medical show. The announcement comes as the show’s
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By Jeanne Sahadi, CNN Business This month may be the last chance for high-income savers to take full advantage of the ‘backdoor’ Roth. If the Build Back Better bill, passed by the House in November and now under consideration by the Senate, becomes law, it could limit high-income savers’ options to convert their savings into
Continue Reading By Jeanne Sahadi, CNN Business This month may be the last chance for high-income savers to take full advantage of the ‘backdoor’ Roth. If the Build Back Better bill, passed by the House in November and now under consideration by the Senate, becomes law, it could limit high-income savers’ options to convert their savings into
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Zeena Saifi, Eoin McSweeney Some of the world’s richest men are squaring off in what’s become a rivalry for the ages — the space race. Elon Musk and Jeff Bezos, the two richest men on the planet and the CEOs of SpaceX and Blue Origin, respectively, have grand designs on the cosmos. They predict a
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