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Philanthropy, the Billionaires’ Way

Patagonia founder Yvon Chouinard’s decision to give away billions to fight climate change was made possible by an increasingly popular tax maneuver.  » mehr lesen

Germany Takes Over Rosneft subsidiary, Securing Control of Key Refinery

Berlin placed the German subsidiary of Russia’s Rosneft in a trust, a move aimed at securing energy supplies.  » mehr lesen

TikTok’s CEO Navigates the Limits of His Power

Shou Zi Chew, TikTok’s chief executive, is balancing how to be an autonomous leader while juggling the demands of the app’s Chinese parent company.  » mehr lesen

Uber Investigating Breach of Its Computer Systems

The company said on Thursday that it was looking into the scope of the apparent hack.  » mehr lesen

Gap and Kanye West Officially End Partnership

The Yeezy Gap apparel line deal, announced with much fanfare in 2020, was supposed to last 10 years and generate $1 billion in annual sales.  » mehr lesen

FedEx Slashes Earnings Forecast, Citing Slowdowns in Asia and Europe

The shipping giant warned of a $500 million revenue shortfall ahead of its quarterly financial statement next week, sending its stock price diving in after-hours trading.  » mehr lesen

Mortgage Rates Jump Above 6% for First Time Since 2008

They have been on the rise since the start of the year as the Federal Reserve has affirmed its commitment to tame soaring inflation.  » mehr lesen

Railroad Workers Point to Punishing Schedules as Cause of Strike

Employees say the inflexibility of scheduling upended their personal lives. The companies say they maintained service while using fewer resources.  » mehr lesen

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