Category Archives: CNN – Business

The Red Bull heir, a crashed car and the scandal that angered Thailand

The Red Bull heir, a crashed car and the scandal that angered Thailand

Before dawn on September 3, 2012, a roaring black Ferrari struck a police motorcycle in downtown Bangkok, knocking the officer to the ground and dragging his body down the darkened street before speeding away. According to police, a trail of oil leaking from the sports car led investigators to the luxury home of one of…MORE

UK crashes into deepest recession of any major economy

UK crashes into deepest recession of any major economy

UK economic output shrank by 20.4% in the second quarter of 2020, the worst quarterly slump on record, pushing the country into the deepest recession of any major global economy. This crash in GDP in the April-June period, compared with the first quarter, is the worst since quarterly records began in 1955. Industries most exposed…MORE

New York’s MTA is asking Apple to create a Face ID that works with masks

New York’s MTA is asking Apple to create a Face ID that works with masks

New York’s mass transit agency is calling on Apple to create a Face ID that works with masks in an effort to help slow the spread of coronavirus on the city’s buses and subways. Patrick Foye, the CEO of the Metropolitan Transportation Authority, sent a letter to Apple CEO Tim Cook — which was obtained…MORE

Dr Pepper is the latest pandemic shortage

Dr Pepper is the latest pandemic shortage

Add Dr Pepper to the list of pandemic-induced shortages. Like toilet paper before it, the popular soda is widely unavailable in some parts of the US. The shortages apply to every flavor, Dr Pepper said in a note on Twitter. The low inventory is the result of increased demand for the product, according to Keurig…MORE

TikTok picks the first recipients of its $200 million creator fund

TikTok picks the first recipients of its $200 million creator fund

TikTok has picked the first round of content creators to be on the receiving end of a $200 million fund designed to reward their top users and bring in new ones. The video app announced the new program on July 22 with the intention of supporting “ambitious creators who are seeking opportunities to foster a…MORE

Boeing loses more jet orders

Boeing loses more jet orders

Boeing lost orders for another 43 jets in July. But that’s actually an improvement for the troubled aircraft maker’s order book. The latest canceled orders were for the 737 Max, its best-selling jet, which has been grounded since March 2019 following two fatal crashes that killed 346 people. But despite the extended grounding, Boeing didn’t…MORE

Cheese could drive a wedge between the UK and Japan in trade talks

Cheese could drive a wedge between the UK and Japan in trade talks

Cheese exports worth less than $150,000 could be holding up a trade deal between Britain and Japan. Since Brexit, the UK government has struggled to replicate the trade agreements it once enjoyed with dozens of countries around the world as an EU member. Now talks with Japan, Britain’s fourth biggest trading partner outside the European…MORE

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