Month: April 2022

Big Business Joins Forces to Bridge Germany’s Growing Skills Gap

BERLIN—Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such as Continental and Bosch to…


Exploring Vienna: Esperanto, Schnitzel, and Quirky Museums

It was a warm spring night just before a long weekend, and as the sun faded, the city came alive. Along the Danube Canal, diners settled down to their first aperitif at patio restaurants lit by lamps, just lit for the evening. Bicyclists zoomed by on the boardwalk, and little clusters of young people sat…


Twitter CEO Set to Receive $42 Million If Terminated After Musk Deal

Twitter Inc. CEO Parag Agrawal would get an estimated $42 million if he were terminated within 12 months of a change in control at the social media company, according to research firm Equilar. On Monday billionaire Elon Musk struck a deal to buy Twitter for $44 billion, ending its run as a public company since…


Australian Regulator Sues Uber for Misleading Fares, Seeks $19 Million Penalty

Australia’s competition watchdog is suing Uber Technologies Inc and seeking a A$26 million ($18.69 million) fine from the ride-hailing platform after it admitted to misleading consumers about ride fare estimates and cancellation fees. The Australian Competition and Consumer Commission (ACCC) on Tuesday said Uber admitted that between December 2017 and September 2021 it warned consumers…


Warner Bros Discovery Adds 2 Million Subscribers in First Quarter

Warner Bros Discovery said on Tuesday it added about 2 million paid streaming subscribers in the first quarter, at a time when industry pioneer Netflix lost subscribers for the first time in more than a decade. In the first set of results from the media giant forged by a $43 billion merger between Discovery Inc….


Rome and its Microstates: Three Countries in One Day

On any given day, thousands of tourists, and probably most of the locals, walk right by this place, unaware that there’s a sovereign country, just inside. The street, broad and lined with fashionable boutiques, today was busy with a crush of foot traffic, and everyone pushing their way through to the Spanish Steps, just a…


3 in 4 US Children Have Had COVID-19: CDC Estimate

Three of four children in America have had COVID-19, along with over six in 10 young adults, according to new estimates. Research from the Centers for Disease Control and Prevention (CDC) found that only a quarter of children 17 and younger have no signs of having had COVID-19. The research, which analyzed blood samples submitted for…


Decentralized Twitter Spinoff Company Distances Itself From Musk

Bluesky, the project developing a decentralized Twitter Inc. alternative announced in 2019, distanced itself from its parent company after it was acquired by tech tycoon and the world’s richest man Elon Musk. What Happened: In a Monday Twitter thread, Bluesky announced that it wanted to leverage “the surge of interest in Twitter’s future […] to clarify the relationship between Bluesky…


Don’t Be Bearish. The Inevitable End of Bad Advice

Commentary  “Don’t be bearish.” That was the message delivered by a “Wall Street Journal” article in August 2021, discussing the “new generation” of “financial media stars.” To wit: “As the U.S. retreated amid the pandemic to its couches, millions of would-be stock pickers—some flush with stimulus cash—fired up social-media and messaging apps and dove headlong into the…


Reese Witherspoon Becomes Part-Owner of Nashville MLS Team

NASHVILLE, Tenn.—Actress Reese Witherspoon and Tennessee Titans running back Derrick Henry have joined the ownership group of Major League Soccer’s Nashville team ahead of the opening Sunday of Geodis Park, its 30,000-seat stadium. Witherspoon’s husband, agent, and investor Jim Toth, also has joined the ownership group, the team said Tuesday. The soccer team started play…