Washington, DC CNN — Tesla and CEO Elon Musk will spend this week in court to defend the massive compensation package that helped make him the world’s richest man. The week-long trial in Delaware Court of Chancery will examine the 2018 compensation plan that the automaker’s board of directors created for Musk. The automaker said […]
CNN Business — Apple has limited the use of the AirDrop wireless file sharing function on devices in China, just weeks after reports that some protesters had used the popular feature to spread messages critical of the Chinese government. Users of iPhones in mainland China who updated their iOS software this week can send or […]
Hong Kong CNN Business — China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. This year’s bonanza, which wraps up on Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), will likely be no exception: Analysts expect it to rack up 1 trillion yuan ($140.8 […]
New York CNN Business — The world is watching the world’s richest man single-handedly destroy one of the world’s most powerful and important communication platforms, just weeks after acquiring it for $44 billion. And of course, the world is watching the dramatic spectacle unfold on — where else? — Twitter. It’s hard to succinctly summarize […]
Washington CNN Business — Just days after Twitter laid off thousands of employees, a number of top executives from teams working on privacy and security at the platform have reportedly resigned. Twitter’s chief information security officer announced their resignation on Thursday, vacating one of the company’s most critical roles just as scrutiny is mounting over […]
New York CNN Business — KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which appeared to tie a sales promotion to the annual commemoration of Kristallnacht. KFC app users in the country received a message encouraging them to mark the day with crispy chicken and cheese from KFC, according to Twitter […]
Abuja, Nigeria CNN — Two TikTok comedians have been publicly whipped in Nigeria for making a video that a court in the northern Kano State ruled had defamed the state Governor Abdullahi Umar Ganduje, according to a judicial spokesperson. Mubarak Isah Muhammad, 26, and Nazifi Muhammad Bala, 23, each received 20 lashes for making defamatory […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — The third-quarter corporate earnings season is wrapping up: We now have reports from […]
New York CNN — Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed plans to slim down in a […]
Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday, adding to pressure on Prime Minister Rishi Sunak during an economic crisis. Nurses at the majority of state-run National Health Service (NHS) employers across Britain have voted to strike, the […]
