BRUSSELS — Europe must cut its use of natural gas by 15 percent from now through next spring to prevent a major crisis as Russia slashes gas exports, the European Union’s executive branch said on Wednesday, calling for hard sacrifices by the people of the world’s richest group of nations. “Russia is blackmailing us,” the …
With Russian Cutoff Feared, Europeans Are Told to Curb Natural Gas Use Read More »
BRUSSELS — Europe must cut its use of natural gas by 15 percent from now through next spring to prevent a major crisis as Russia slashes gas exports, the European Union’s executive branch said on Wednesday, calling for hard sacrifices by the people of the world’s richest group of nations. “Russia is blackmailing us,” the …
With Russian Cutoff Feared, Europeans Are Told to Curb Natural Gas Use Read More »
Tesla said Wednesday that profit in the second quarter fell nearly one-third from the first quarter as deliveries slowed because of shutdowns and raw materials shortages at the carmaker’s factory in Shanghai. Profit in the quarter was $2.3 billion, Tesla said, compared with $3.3 billion in the first quarter, which was a record. Sales fell …
Tesla’s Second-Quarter Earnings Hurt By Supply Chain Problems and Bitcoin Read More »
CNN’s chairman, Chris Licht, has settled on a new leadership team for the network’s news and business sides, picking mostly from the ranks of insiders who worked for his predecessor. In a memo to CNN’s 4,000 employees on Wednesday, Mr. Licht said Virginia Moseley would be CNN’s executive vice president of editorial, responsible for the …
The Taliban forced a longtime war correspondent to publicly retract some of her articles this week, telling her that she would go to jail if she did not, she said, in the latest crackdown on press freedom in Afghanistan. The reporter, Lynne O’Donnell, an Australian who writes for Foreign Policy and other publications, explained her …
Reporter Says Taliban Forced Her to Publicly Retract Accurate Articles Read More »
United Airlines on Wednesday reported revenue of $12.1 billion in the three months that ended in June, its largest quarterly haul in at least a decade and the most it has ever earned in the second quarter of a year. High costs put a damper on the good news, however, holding profit to $329 million, …
United Airlines Hits a Revenue Milestone, but Costs Constrain Its Quarterly Profit Read More »
Apple agreed on Monday to pay a $50 million settlement on a class-action lawsuit over so-called butterfly keyboards, a component of some MacBook laptops that left many users fuming in key-smashing frustration over typing failures. The butterfly keyboard, a thin model that aimed to provide more precision, ended up not being as graceful as the …
Apple Agrees to $50 Million Settlement Over Butterfly Keyboard Complaints Read More »
Workers who filed for a union election at a Chipotle in Augusta, Maine, are accusing the company of seeking to undermine their campaign by closing the restaurant. The company notified employees of the closing on Tuesday morning, hours before the two sides were scheduled to take part in a hearing before the National Labor Relations …
Chipotle closes a Maine store, and workers say it’s because of a union drive. Read More »
WASHINGTON — A broad bipartisan bill to bolster American competitiveness with China gained traction in the Senate on Wednesday after the top Democrat moved to restore critical investments in manufacturing and technology that were at risk of being dropped after a monthslong negotiation. In a test vote on Tuesday night, the Senate agreed to move …
Senate Advances Bill to Bolster U.S. Competitiveness With China Read More »
Harris Jewelry, a now-defunct jewelry retailer that government officials said had preyed on military families by selling them overpriced baubles using high-interest loans, will pay millions in refunds and stop collecting on its loans in a settlement deal announced on Wednesday by the Federal Trade Commission and 18 state attorneys general. The company ran a …
