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economy and trade

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

hong kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes …

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Trapview: Can an AI-powered insect trap solve a $220 billion pest problem?

Trapview: Can an AI-powered insect trap solve a $220 billion pest problem?

London CNN Business — Pests destroy up to 40% of the world’s crops each year, causing $220 billion in economic losses, according to the UN Food and Agriculture Organization (FAO). Trapview is harnessing the power of AI to help tackle the problem. The Slovenian company has developed a device that traps and identifies pests, and …

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Georgia Senate candidate Herschel Walker getting tax break in 2022 on Texas home intended for primary residence

Georgia Senate candidate Herschel Walker getting tax break in 2022 on Texas home intended for primary residence

CNN — Republican Herschel Walker is getting a tax break intended only for a primary residence this year on his home in the Dallas, Texas, area, despite running for Senate in Georgia. Publicly available tax records reviewed by CNN’s KFile show Walker is listed to get a homestead tax exemption in Texas in 2022, saving …

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Chicken prices are finally starting to fall

Chicken prices are finally starting to fall

New York CNN Business — Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. Strong demand, supply issues and even breeding problems with under-performing roosters kept the pressure on. The supply shortage even had some restaurants, like Wingstop, experimenting with less popular items like thighs. But now conditions …

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Get paid through Venmo, Etsy or Airbnb?  Here's what you need to know before tax season

Get paid through Venmo, Etsy or Airbnb? Here’s what you need to know before tax season

If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may be a little more confusing than usual. HAS new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to …

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Student loan payment freeze extended through June

Student loan payment freeze extended through June

CNN — The Biden administration is yet again extending the pause on federal student loan payments, a benefit that began in March 2020 to help people who were struggling financially due to the Covid-19 pandemic. The extension comes as the Biden administration’s student loan forgiveness program is tied up in the courts. Officials had told …

Student loan payment freeze extended through June Read More »

Elon Musk has upended Twitter's business.  Here's how he could fix it

Elon Musk has upended Twitter’s business. Here’s how he could fix it

New York CNN Business — Much of Twitter’s ad sales team has been fired or pushed out. Large companies from General Mills to Macy’s have paused advertising on the platform, with more potentially following suit after new owner Elon Musk’s decision to restore the account of former President Donald Trump and other controversial figures. And …

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If the world avoids a recession, it'll have India and China to thank

If the world avoids a recession, it’ll have India and China to thank

London CNN Business — Global growth will slow further in the coming year but the world will likely avoid a recession thanks to Asia’s biggest economies. Global GDP is projected to grow by 3.1% this year, and by just 2.2% in 2023, according to the latest forecast from the Organization for Economic Cooperation and Development …

If the world avoids a recession, it’ll have India and China to thank Read More »