New York CNN Business — Starbucks has tapped Laxman Narasimhan as its next CEO. Narasimhan will become incoming CEO at Starbucks on October 1. He will officially begin his role in April and will then join the company’s board of directors, as well. The Reckitt Benckiser Group, where Narasimhan most recently served as CEO, announced […]
Apple has some famously loyal customers. Yet as broader economic forecasts get downgraded left and right, it might be a hard time to convince people to upgrade their iPhones. “Apple faces a real conundrum of pricing,” said Ben Wood, chief analyst at market research firm CCS Insight. On top of inflation and cost-of-living pressures wreaking […]
The 30-year fixed-rate mortgage averaged 5.66% in the week ending September 1, up from 5.55% the week before, according to Freddie Mac. That is significantly higher than this time last year when it was 2.87%. After starting the year at 3.22%, mortgage rates rose sharply during the first half of the year, hitting a high […]
“They were shooting from the back of us…telling us to stop. But we didn’t stop,” Kabir told us. He and his family were among the lucky ones — they are four of the more than 76,000 Afghans who have been evacuated to the United States after Kabul fell last year. Resettlement agencies have undertaken Herculean […]
41% of those workers “faced racism at work in the last five years,” according to a report published Wednesday by the Trades Union Congress, a federation of labor unions. The TUC says it is the biggest study into the issue ever conducted in the United Kingdom. Among younger workers, the figures are even more troubling. […]
More strikes could be on the way this fall, threatening unprecedented disruption across a range of industries. Teachers, doctors and nurses are set to vote on strike action in the coming weeks. Unions could even coordinate their walkouts. Unite and Unison — the country’s biggest unions with 2.7 million members in total — are calling […]
Objections to language on climate targets and the war in Ukraine prevented a joint communiqué from being issued at the G20 ministerial meeting in Bali on Wednesday, diplomatic sources said. Sharma, president of the United Nations Climate Change Conference in Glasgow (COP26) and head of the British delegation in Bali, told Reuters the response from […]
Written by Jacqui Palumbo, CNN From lush, temperamental fiddle-leaf figs to laidback snake plants, indoor houseplants have become ubiquitous in the homes of many millennials and Gen Z — particularly as their care became a soothing and serotonin-boosting hobby early in the pandemic. New plant parents (including this writer) caused a spike in Google searches […]
There were 7.6 million marriage registrations in 2021, data released by China’s Ministry of Civil Affairs last week shows. That’s the fewest since 1986, when the ministry began publicly releasing the figures, according to state-run tabloid Global Times. It is a 6.1% decrease from the previous year and the eighth consecutive year marriage rates have […]
A dazzling pink diamond, described as one of the world’s purest, could fetch more than $21 million when it goes under the hammer in Hong Kong in October, auction house Sotheby’s said on Wednesday. At 11.15 carats, the cushion-shaped gem is called “Williamson Pink Star”, in tribute to two other pink diamonds. One is the […]
