business

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

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

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

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

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

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

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

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

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

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

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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