Month: July 2024

Jul
28
2024
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By Lily Chang
Warner Bros. Discovery Sues NBA Over Media Rights Dispute With Amazon

Warner Bros. Discovery Sues NBA Over Media Rights Dispute With Amazon

Investments and Business
Related media - Recent news Warner Bros. Discovery has filed a lawsuit against the NBA to secure the rights to broadcast a package of live games, challenging the league’s decision to award those rights to Amazon. “Due to the NBA’s unjustified rejection of our game against a third-party offer, we have initiated legal proceedings to enforce our rights,” said TNT Sports, a unit of Warner Bros. Discovery. “We firmly believe this is not only our contractual right, but also the best service for fans who prefer our flexible and widely accessible platforms, including TNT and Max.” The media company seeks…
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Jul
28
2024
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By Lily Chang
UK Finance Minister Rachel Reeves promises most pro-growth, pro-business government in history

UK Finance Minister Rachel Reeves promises most pro-growth, pro-business government in history

Social Responsibility
Related media - Latest news LONDON — UK Finance Minister Rachel Reeves said on Friday that the newly elected Labour government aims to be the most growth-oriented and business-friendly administration the country has ever seen. In an interview with CNBC, Reeves stressed that improving the living standards of ordinary Britons and increasing investment in public services depend on wealth creation. “This will be the most pro-growth, pro-business Treasury this country has ever seen,” Reeves, the Chancellor of the Exchequer, told CNBC’s Steve Sedgwick in a remote interview. “I will work with businesses to ensure we are doing everything we can…
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Jul
27
2024
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By Lily Chang
US economy expands 2.8% in second quarter, beating expectations

US economy expands 2.8% in second quarter, beating expectations

Investments and Business
Related media - Breaking news The U.S. economy posted robust growth in the second quarter, driven by strong consumer and government spending, along with a significant increase in inventories, according to an initial estimate from the Commerce Department released Thursday. From April to June, real gross domestic product (GDP), which measures the value of all goods and services produced, grew at an annualized rate of 2.8% after adjusting for seasonality and inflation. That beat the 2.1% growth forecast by economists polled by Dow Jones and improved from the 1.4% growth in the first quarter. The first of three estimates highlighted…
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Jul
27
2024
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By Lily Chang
Starliner crew mission delayed until August, NASA says

Starliner crew mission delayed until August, NASA says

Social Responsibility
Related media - Latest news NASA has announced that Boeing’s Starliner spacecraft will remain docked with the International Space Station (ISS) until August as the agency and Boeing address issues that arose early in the mission. The Starliner capsule, named "Calypso," has been in space for more than 50 days, carrying NASA astronauts Butch Wilmore and Suni Williams. Originally scheduled for an early return, the mission faced several delays as NASA conducted necessary ground tests before approving the spacecraft's reentry. In a recent press conference, Steve Stich, NASA's commercial crew manager, said that despite significant progress, the agency is not…
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