The Walt Disney Company has sold its last radio station, KRDC, to religious broadcaster Calvary Chapel Costa Mesa for $5 million. Disney filed an application with the Federal Communications Commission (FCC) to transfer the radio station’s license to the religious broadcaster on Monday, reported The Desk. The purchase puts Calvary Chapel Costa Mesa into the AM radio…
Christian Church Buys Disney’s Last Radio Station
June 20, 2023
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Airbus Wins Largest Aircraft Order in History From India’s IndiGo
An Indian airline signed a deal for the largest ever aircraft order in the history of the airline industry with French aerospace firm Airbus this week. The aircraft manufacturing firm announced on June 19 that discount Indian airline IndiGo had placed an order for 500 of its family of A320 commercial jets, which are to be…
Intel to Build $33-Billion Chip Plant in Germany After Government Pledges to Cover 1/3rd of Cost
BERLIN—Intel and the German government signed a deal Monday that will see the U.S. company spend more than 30 billion euros ($32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required. Word of the agreement came as German Chancellor Olaf…
Artificial Intelligence to Replace Editors in Radical German Media Shakeup
June 19, 2023
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Artificial intelligence will step in for a swathe of editorial roles as part of an overhaul of Germany’s largest newspaper title, Bild. The tabloid publication is undergoing a significant shakeup of its operations following a pledge from the publisher, Mathias Döpfner, to make the brand “digital only.” On June 19, the German publishing company that owns…
Ford Recalls Nearly 1 Million Trucks and SUVs Over Missing Manual Info
Ford, the parent company of Lincoln, is recalling more than 979,000 trucks and SUVs because the owner’s manual does not feature instructions for adjusting or removing certain head restraints. The U.S. National Highway Traffic Safety Administration (NHTSA) revealed in a letter (pdf) on June 15 that Ford’s recall affects certain 2018–2023 Ford Expedition and Lincoln…
More Than 40 Companies Pledge to Hire and Train Over 250,000 Refugees
Just ahead of World Refugee Day, 41 companies on Monday collectively pledged to provide jobs and training to work opportunities for more than 250,000 refugees over the next three years in Europe. The commitment, announced at the Tent European Business Summit in Paris, signals “the most significant set of business commitments ever made to advance…
Vivek Ramaswamy, ‘Shark Tank’ Host Mark Cuban Spar Over ‘Woke’ Capitalism
June 19, 2023
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Vivek Ramaswamy, a 2024 Republican presidential candidate, is warning that corporations that engage in so-called “woke” practices run the risk of alienating their customers and expanding the division among Americans. “When those businesses wade into social disputes, not only is that often bad for business . . . it’s bad for our civic culture in…
Why Has Flying Become So Miserable?
June 19, 2023
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Commentary Those of us who have returned to frequent air travel appreciate just how unpleasant the processhas become. Perhaps this simply reflects an overly sentimental view of what the experience was like pre-pandemic, but surely it has become much worse since. Outrageously expensive tickets, long lines at security (even premium lanes like “Clear”), no room…
Xi Calling Bill Gates ‘An Old Friend’ Is Not a Compliment: Expert
June 19, 2023
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Chinese leader Xi Jinping on June 16 met with Microsoft Corp. co-founder Bill Gates in Beijing, where he called Gates “an old friend.” But the term is not complimentary, according to Jon Pelson, author of “Wireless Wars, China’s Dangerous Domination of 5G and How We’re Fighting Back.” In a meeting at Beijing’s Diaoyutai state guest…
Stocks Rally Stalls, Eyes Powell Testimony for Rate Clues
June 19, 2023
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LONDON, SYDNEY—Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe,…
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