Category: Business & Economy

Tesla’s Giga Berlin Is Just Over 120 Miles From Volkswagen’s Plant—But CEO Diess Isn’t Worried

Volkswagen Group CEO Herbert Diess is unfazed about Elon Musk-led Tesla Inc. having built a factory just about 200 kilometers (124 miles) from its home turf Germany. What Happened Musk-led Tesla is ahead of Volkswagen, growing fast and taking more risks than the German legacy automaker, Diess told CBS News’s Lesley Stahl in an interview. “Tesla is quite ahead currently, and…


SoftBank Latin America Fund Loses Key Managing Partners: Bloomberg

SoftBank Group Corp. Latin America Fund managing partners Shu Nyatta and Paulo Passoni looked to depart to start their own venture business focused on late-stage startups in the region, Bloomberg reports. They expressed their excitement about becoming entrepreneurs acknowledging SoftBank’s role in their careers. The report noted SoftBank looks to promote the LatAm fund’s third managing…


LIVE UPDATES: Russia: We Await Kyiv Response on Peace Talks

The latest on the Russia–Ukraine crisis, April 20. Click here for updates from April 19. Russia: We Await Kyiv Response on Peace Talks The Kremlin’s spokesman says Russia has presented Ukraine with a draft document outlining its demands as part of peace talks and is now awaiting a response from Kyiv. Dmitry Peskov told a…


LIVE UPDATES: New Surrender Deadline in Mariupol as West Promises Ukraine More Arms

The latest on the Russia–Ukraine crisis, April 20. Click here for updates from April 19. New Surrender Deadline in Mariupol as West Promises Ukraine More Arms After an earlier ultimatum to surrender lapsed and as midnight approached, Russia‘s defense ministry said not a single Ukrainian soldier had laid down their weapons and it renewed the proposal….


LIVE UPDATES: Japan Formally Revokes Russia’s ‘Most Favored Nation’ Status

The latest on the Russia–Ukraine crisis, April 20. Click here for updates from April 19. Japan Formally Revokes Russia’s ‘Most Favored Nation’ Status Japan formally revoked Russia’s “most favored nation” trade status Wednesday over its invasion of Ukraine, as Tokyo steps up sanctions amid revelations of the Russian military’s widespread atrocities against civilians. The stripping…


Blackstone Buys Largest Student Housing Operator

The investment firm Blackstone has secured a deal to buy the largest student housing operator in the United States for $12.8 billion, in the company’s latest and most expensive of many acquisitions in residential properties. On Tuesday, representatives of Blackstone Inc. announced that the company had acquired American Campus Communities, the largest provider of student…


US Homes Are Selling Above Their Listing Price as Competition for Housing Soars

More than almost 50 percent of homes sold in the United States in March were above the initial listing price, in 20 of the nation’s top 50 metropolitan regions, according to residential real estate search group, OJO Labs, on April 19. Rising interest rates and a nationwide housing shortage are causing selling prices and mortgage rates to skyrocket…


Elon Musk’s Starlink Could Find Its Way to Delta Airlines’ In-Flight Internet

Delta Air Lines Inc held discussions with Tesla Inc CEO Elon Musk-owned SpaceX for its Starlink satellite internet service, the Wall Street Journal reported on Monday, citing the airline CEO Ed Bastian. What Happened The Atlanta, Georgia-based airline aims to introduce Starlink’s high-speed, satellite-based wireless internet on its planes. The airline has also tested the offering. Bastian has in the past called for faster and free internet on…


Amazon Conducts ‘Equity Audit’ in Response to Shareholder Pressure

Amazon has commissioned a “racial equity audit” of safety data for warehouse employees, after facing shareholder pressure from one of the largest public pension funds in the United States. The audit, which Amazon claims is intended to address “disparate racial impacts” for black and Latino workers, will be led by former Attorney General Loretta Lynch,…


Lululemon Signs First Golfer and You Won’t Believe Who It Is

This apparel company is well-known for yoga pants and appealing to women. Could the company’s entry into golf and men’s apparel get a push with the addition of a new brand ambassador? What Happened Lululemon Athletica Inc. recently launched a line of golf apparel in its latest initiative to grow beyond just yoga pants. It…