CNN — N. R. Narayana Murthy, one of India’s richest people, had mixed feelings when he first heard about the man who would become his son-in-law. “I, too, was a little sad and jealous when you told us you had found your life partner,” he wrote to his daughter Akshata Murty in a letter, published […]
New York CNN Business — General Motors says its supply chain issues are improving. That allowed the company to post better-than-expected earnings despite falling short of revenue forecasts. America’s largest automaker said that by the end of June, it had been able to clear out of inventory about 75% of the roughly 90,000 vehicles it […]
New York CNN Business — Unilever has recalled certain Dove, Nexxus, Suave, TIGI and TRESemmé aerosol dry shampoos because of the potential presence of benzene, a chemical that can cause cancer. The affected products were produced prior to October 2021 and were distributed at retailers nationwide, the Food and Drug Administration said in an announcement […]
Nairobi CNN Business — Arshad Sharif, a prominent Pakistani journalist who fled the country after he was charged with sedition, has died in Kenya after he was shot by police responding to reports of a stolen vehicle, authorities said. “The officers trailing the motor vehicle … alerted police in Magadi who erected a road barrier,” […]
Hong Kong CNN Business — Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Foreign investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped Chinese equities and the yuan […]
London CNN Business — Rishi Sunak, Britain’s third prime minister in seven weeks, will face the huge challenge of projecting stability after a period of historic political and financial market chaos. But his other task — shepherding the country through a recession — is poised to be just as daunting. The former finance minister has […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The housing market is rapidly losing steam. Interest rates continue to rise. The stock market remains volatile. And inflation continues to be a major problem for people trying […]
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are […]
A US judge in Texas ruled on Friday that people killed in two Boeing (BA) 737 MAX crashes are legally considered “crime victims,” a designation that will determine what remedies should be imposed. In December, some crash victims’ relatives said the US Justice Department violated their legal rights when it struck a January 2021 deferred […]
CNN — Two people were taken into custody after authorities located and later disarmed a possible explosive device at Billy Bishop Toronto City Airport, police said. At around 4 p.m. Saturday, a device was found on a bicycle parked near the airport’s island-side ferry terminal, according to the airport’s social media account. Located on an […]