Business - Page 5

Black tech entrepreneurs struggle to find funding in Britain. Now they’re looking abroad

By Walé Azeez, Black tech entrepreneurs in the United Kingdom say they have to rely on foreign investors to get their businesses off the ground. More than a year after the Black Lives Matter protests prompted the UK government to investigate discrimination against Black business owners, British venture capital firms continue to neglect Black and ethnic minority founders despite a booming startup scene. “It is clear that the UK is not the place to try and get funding for your startup,” says Rich Serunjogi, founder of Business Score, which matches e-commerce companies with working capital financing. “Only the very best [UK] VCs are interested.

Two major airline CEOs question the need for masks on planes

By Chris Isidore, The CEOs of two of the nation’s major airlines say they don’t think wearing masks on planes does much to help limit exposure to Covid. The comments from American Airlines CEO Doug Parker — the nation’s largest carrier — and Southwest CEO Gary Kelly came during a hearing about the financial support that airlines received from the federal government in 2020 and 2021. But the topic of masks arose via a question from Sen. Roger Wicker, the ranking Republican on the Senate committee holding the hearing. “I think the case is very strong that masks don’t add much, if anything, in

‘Boost everybody.’ CEOs should mandate boosters before returning office workers, Andy Slavitt says

By Matt Egan, The Omicron coronavirus variant will cause a “winter wave” that will complicate the return of workers to offices in the United States, according to Andy Slavitt, a former senior pandemic adviser to President Joe Biden. “The beginning of 2022 will be rough,” Slavitt told CNN in a phone interview. Scientists are still studying the characteristics of Omicron, but early research suggests symptoms may be less severe, though the new variant may spread more rapidly. “The problem with Omicron is hotspots will be easier to generate,” Slavitt said. “The things that might have been two or three people getting

A record number of journalists are in prison right now, according to press freedom report

By Kerry Flynn, A staggering 293 journalists were imprisoned in 2021, according to an annual census by nonprofit group Committee to Protect Journalists. That tally is up from 280 journalists in 2020 and is the highest number CPJ has ever reported since it started keeping track of the data in 1992. For the sixth straight year, the number of journalists imprisoned exceeded 250, according to CPJ. “This is a stark reminder of a continuing trend of creeping authoritarianism around the world,” CPJ’s Deputy Executive Director Robert Mahoney told CNN Business. “Governments are becoming more and more intolerant of independent reporting,

America keeps adding jobs but we’re still not back to normal

By Anneken Tappe, The US jobs recovery has picked up steam again in the final months of the year, bringing some good news in the face of persistently rising prices and a new Covid variant. Economists polled by Refinitiv expect another sizable jobs gain in Friday’s November employment report — 550,000 positions. If that holds true, it would be the biggest monthly gain since July, when more than a million jobs were added. But even so, America’s labor market is still not back to its pre-pandemic strength. If the forecasts are right, the nation would still be down more than 3.5 million jobs compared to February 2020. On

How one local reporter’s instincts focused public attention on the Ahmaud Arbery case

By Ramishah Maruf, The Ahmaud Arbery trial may not have happened without Larry Hobbs, a writer and reporter at The Brunswick News in Georgia. “Every national and global news story begins locally, sometimes with a single reporter who’s determined to follow up and get to the truth,” CNN’s chief media correspondent Brian Stelter said on Reliable Sources Sunday. “That’s what happened in the case of Ahmaud Arbery.” Hobbs was among the first to pick up the story of a Black man who was shot to death while jogging in the afternoon on a residential street. His first lead started with

Jeff Bezos’ rocket company, Blue Origin, to send Michael Strahan to edge of space

By Jackie Wattles, Jeff Bezos’ rocket company, Blue Origin, announced that it would be launching Good Morning America host Michael Strahan to the edge of space. Strahan will be joined by the daughter of the first American astronaut and four paying customers. Liftoff is slated for 9:30 am CT on December 9 from Blue Origin launch facilities near the rural town of Van Horn, Texas. Strahan and Laura Shepard Churchley, whose father Alan Shepard went on a suborbital flight in 1961 and later walked on the moon, will be joined by investors Dylan Taylor, Evan Dick, and Lane Bess, as well as Bess’

Nikole Hannah-Jones: Anti-CRT coverage is a ‘propaganda campaign’

By Ramishah Maruf, What began as a Pulitzer Prize-winning New York Times Magazine cover story, the 1619 Project has now produced two books: one for adults, “A New Origin Story” and a children’s book, “Born on the Water.” But even though the 1619 Project books were just released earlier this week, states such as Texas and Florida have already banned the teaching of the subject matter. Republican lawmakers in at least five states introduced bills that would prohibit the 1619 Project from being taught in schools or cut funding to those that use the project to inform curricula. The ban is linked to

Press Freedom Awards ceremony stands up for journalists in ‘increasingly repressive world’

By Brian Stelter, In the words of Committee to Protect Journalists executive director Joel Simon, “To practice journalism in the face of grave danger requires a profound sense of optimism and a sincere faith in humanity.” Those qualities were on display Thursday night at the group’s International Press Freedom Awards ceremony in New York. Journalists from Guatemala, Mozambique, Myanmar, and other countries were recognized for their courageous work. The honorees did not travel to the US, owing to Covid-era concerns and uncertainty, but the fund-raising gala was back in-person, supplemented by an online streaming option. You should read all about the CPJ

Thanksgiving dinner will cost Americans 14% more this year, survey finds

By Vanessa Yurkevich, Thanksgiving dinner will cost 14% more this year, according to new survey by the American Farm Bureau Federation. Dinner for a family of 10 will cost on average $53.31 — up $6.41 from last year’s average of $46.90 which was down 4% from 2019, the lowest in 10 years. Several factors led to this year’s increased pricing, including more Americans expected to cook at home as well as economic disruptions. “These include dramatic disruptions to the US economy and supply chains over the last 20 months; inflationary pressure throughout the economy; difficulty in predicting demand during the COVID-19 pandemic and high

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