business

Robert F. Smith haunted by tax scandal after losing race for Denver Broncos: sources

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This spring, Robert F. Smith, the richest African-American in the US, landed in the spotlight as the NFL urged him to buy the Denver Broncos to help the league address a racial-equity crisis. Now, having lost a contest to buy the team to Walmart heir Rob Walton, the 59-year-old billionaire is grappling with a crisis …

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US returning flights to normal after yet another holiday weekend of cancellations

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Tracking service FlightAware showed about 2,000 flights to, from, or within the United States canceled between Thursday and Sunday, or 2% of scheduled flights. There was a peak of 657 flights canceled on Saturday. Bad weather played a role once again, but staff shortages throughout the airline industry also fed into the problem. Airlines don’t …

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‘Minions: The Rise of Gru’ breaks box office records

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new York CNN Business — The Minions went bananas at the box office this weekend. Illumination’s “Minions: The Rise of Gru” — the latest animated movie in the Despicable Me franchise — made an estimated $125 million domestically for its four-day opening weekend, according to Universal. That gives the film the record for biggest opening …

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Russia Replaces Disappearing Western Gadgets With Chinese Brands

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Chinese smartphones and home appliances are replacing major Western brands that have exited Russia over its invasion of Ukraine, the Kommersant business daily reported Monday. January-June 2022 results analyzed by the Marvel Distribution IT supplier showed at least seven Chinese smartphone brands leading sales in Russia, according to Kommersant. Tecno, Infinix, Realme and Xiaomi showed …

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Crosby, Stills & Nash rejoin Spotify after Joe Rogan protest

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Crosby, Stills & Nash are back on Spotify in an apparent end to the classic rockers’ five-month protest of controversial podcaster Joe Rogan. The folk rockers, who pulled their library of songs off of the streaming platform in solidarity with ex-band member Neil Young, are reportedly planning to donate their earnings from streams to charities …

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US flight disruptions finally ease as the holiday weekend winds down

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Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images US airline delays eased on Monday as weather improved, a relief for travelers and airlines as the July Fourth holiday weekend comes to an end. As of Monday afternoon, about 1,200 US flights were …

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As Korean employees return to the office, so does ‘gapjil’ workplace harassment, survey finds

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Seoul CNN — As employees return to the office in South Korea, so does gapjil – the country’s longstanding problem of toxic workplace culture. Nearly 30% of Korean office workers have experienced form of workplace harassment in the past year, according to an online survey in June of 1,000 online nationwide – up from 23.5% …

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Employee who refused to work while ‘mourning’ Roe v. wade fired

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A woke Universal Music Group worker claims he was fired for “speaking up” about abortion rights — after he admitted he refused to work because he was in “mourning” over the Supreme Court’s decision to overturn Roe v. wade. Michael Lopez, a production coordinator at Universal Music Enterprises, blasted the company as “anti-gay” for terminating …

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Donovan Mitchell: His potential trade destinations

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The NBA world felt shockwaves when the Jazz sent Rudy Gobert to Minnesota in a blockbuster trade for a historic return. When the Jazz got eliminated from the playoffs in April, speculation began on whether the Jazz would break up their All-Star duo and enter a rebuild. In our offseason preview for the Jazz, we …

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Shimao, a big Shanghai real estate developer, defaults on debt

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Hong Kong CNN Business — Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong …

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