Category Archives: CNN – Business

Tyson and other meat processors are reportedly speeding up plans for robot butchers

Tyson and other meat processors are reportedly speeding up plans for robot butchers

Tyson Foods and other meat processors that became early hotspots for the Covid-19 pandemic are reportedly accelerating plans to have robots replace human meatcutters. Tyson engineers and scientists — with the help of some designers from the auto industry — are developing an automated deboning system to help butcher the nearly 40 million chickens processed…MORE

Muji files for bankruptcy

Muji files for bankruptcy

Trendy home-goods chain Muji has filed for bankruptcy, making it the latest in a string of retailers to do so as the coronavirus crisis decimates the industry. Muji, which sells minimalist decor, stationery and clothing, filed for Chapter 11 bankruptcy protection Thursday in Delaware. The company plans to use the process to emerge with a…MORE

US global media agency seeks to kick out international journalists

US global media agency seeks to kick out international journalists

Efforts to clean house at the US Agency for Global Media continued this week as leadership indicated that international journalists who work for Voice of America (VOA) will not have their visas extended and a widely respected top editor at Radio Free Asia was fired, explained three sources familiar with the decisions. Under the new…MORE

Elon Musk just became richer than Warren Buffett

Elon Musk just became richer than Warren Buffett

Tesla CEO Elon Musk just zoomed past Warren Buffett on the Bloomberg Billionaires Index to become the world’s seventh wealthiest person. Musk’s fortune rose more than $6 billion Friday, according to Bloomberg, after Tesla’s stock surged 10.8% to a record $1,544 per share. Its market value stood at $286.5 billion. Musk owns 20.8% of Tesla’s…MORE

Major Philippines broadcaster denied license as watchdogs warn over press freedom

Major Philippines broadcaster denied license as watchdogs warn over press freedom

Lawmakers in the Philippines have voted against granting a new license to one of the country’s largest and most influential broadcasting networks, a move that critics say will undermine press freedom. A legislative committee voted overwhelmingly on Friday to not renew the franchise of media company ABS-CBN, which known for its unflinching coverage of President…MORE