economy and trade

Elon Musk says Apple ‘threatened to remove’ Twitter from its app store

New York CNN Business — Elon Musk claimed on Monday that Apple had “threatened” to remove Twitter from its iOS app store, a move that could be devastating for the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to remove Twitter from its App Store, but won’t tell us why,” Musk …

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More than 3,500 US flights delayed Sunday as major storm system hinders travel

New York CNN — A severe weather system in several parts of the United States has prompted the three major airports serving New York to urge passengers to arrive early for flights on what is expected to be one of the busiest travel days of the year. As of Sunday afternoon, 3,507 flights to, from …

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Frontier Airlines no longer has a customer service phone line

New York CNN — Customers who need flight information or want to change their travel plans can no longer call Frontier Airlines and speak to an agent, the company confirmed to CNN on Saturday. As of last week, the ultra low-cost airline said it had switched to fully digital communications. Customers seeking assistance or information …

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Apple has a huge problem with its supplier’s iPhone factory in China

hong kong CNN Business — A violent uprising by workers at the world’s largest iPhone factory in central China this week further clouds Apple’s strained supply chain and highlights how the country’s tough zero Covid policy is harming to global technology companies. The unrest began last month when workers left the factory campus in Zhengzhou, …

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The Nexperia and Elmos cases show how the US-China chip war is spreading to Europe

hong kong CNN Business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West about China’s potential control over critical infrastructure. Last week the new owner of Britain’s biggest chipmaker was ordered to reverse its takeover, just days after another chip factory sale …

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

hong kong CNN Business — Foxconn has offered to pay newly hired workers 10,000 yuan ($1,400) to resign and leave the world’s largest iPhone assembly plant, in a bid to quell protests that have seen hundreds of clashes with security forces in central China compound. The Apple supplier made the offer on Wednesday following dramatic …

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China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, show videos

Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly plant were seen confronting police, some in riot gear, on Wednesday, according to videos shared on social media. Videos show hundreds of workers confronting law enforcement officers, many wearing white hazmat suits, at the Foxconn campus in China’s central city of Zhengzhou. In the …

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Latest weekly jobless claims climb to 240,000

Minneapolis CNN Business — First-time weekly jobless claims jumped to 240,000 for the week ended Nov. 19, according to data released Wednesday by the Department of Labor. That’s a sharp increase of 17,000 from the previous week’s upwardly revised tally of 222,000, and tops economists’ expectations of 225,000. It’s the highest weekly total since Aug. …

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‘Profoundly unjust:’ Gianni Infantino launches explosive tirade against Western critics on eve of World Cup

Doha, Qatar CNN — On the eve of the 2022 World Cup in Qatar, FIFA President Gianni Infantino launched a tirade against Western critics of the controversial tournament in an explosive hour-long monologue. Infantino, the boss of world soccer’s governing body, looked on glumly as he addressed hundreds of journalists in Doha, Qatar, Saturday. “We …

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