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Starbucks has appointed Brian Niccol as CEO following Laxman Narasimhan's resignation amid declining sales and customer dissatisfaction. The coffee chain's comparable store sales have dropped significantly, particularly in China, prompting a need for strategic changes to regain market share and customer loyalty. Niccol's leadership will be crucial in addressing these challenges.
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Starbucks' new CEO, Brian Niccol, will commute 1,000 miles from Newport Beach, California, to Seattle using a corporate jet, igniting criticism over the company's environmental commitments. His contract allows for personal travel on the jet, raising concerns about hypocrisy in Starbucks' sustainability efforts as he begins his role on September 9.
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A bus crash in Mississippi on Saturday resulted in seven fatalities, including two siblings, and left dozens injured. The National Transportation Safety Board is investigating the incident, which was attributed to tire failure. The bus was traveling from Atlanta to Dallas with 41 passengers aboard.
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Boeing workers in Washington and Oregon have overwhelmingly rejected a proposed contract that included a 25% wage increase over four years. The International Association of Machinists and Aerospace Workers is now poised to initiate a strike, further complicating Boeing's recovery efforts amid ongoing safety and financial challenges.
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Boeing has announced temporary furloughs for U.S.-based employees as over 33,000 factory workers strike for better pay and benefits. The strike, which began on September 13, 2024, is expected to significantly impact Boeing's production and financial stability.
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Aysenur Ezgi Eygi, a 26-year-old Turkish-American activist, was laid to rest in Turkey after being shot by Israeli forces during a protest in the West Bank. Thousands attended her funeral, reflecting rising anti-Israeli sentiments in Turkey. The Turkish government has condemned her killing and announced an investigation.
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TikTok is contesting a US law requiring it to divest from its Chinese parent company, ByteDance, or face a nationwide ban. The case, heard by a federal appeals court, raises significant First Amendment concerns amid national security fears regarding user data. A decision is expected by December 6, 2024.
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More than 33,000 Boeing workers initiated a strike on Friday after overwhelmingly rejecting a tentative contract. The strike halts production of the 737 Max and other aircraft, complicating Boeing's recovery from recent safety issues and financial challenges. The company is implementing cost-cutting measures amid the industrial action.
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Aysenur Ezgi Eygi, a 26-year-old U.S. citizen, was shot during a protest against Israeli settlements in the West Bank on September 6. Eygi's death has sparked outrage in both the U.S. and Turkey, prompting investigations and calls for accountability from officials in both countries.
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Amazon CEO Andy Jassy announced a return to full-time office work starting January 2, 2025, reversing the previous three-day-a-week policy. This decision has sparked significant backlash among employees, who express concerns over work-life balance and company culture. The move aims to enhance collaboration and reduce bureaucracy within the organization.
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Amazon has announced a new policy requiring corporate employees to return to the office five days a week starting January 2, 2025. This decision, which reverses the previous hybrid model, aims to enhance collaboration and preserve company culture, but has sparked significant employee discontent.
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Alaska Airlines has completed its acquisition of Hawaiian Airlines, marking a significant consolidation in the U.S. airline industry. The deal, valued at $1.9 billion, includes assuming $900 million in Hawaiian debt and promises to maintain service levels and consumer protections. This merger positions Alaska as the fifth-largest U.S. airline by revenue.