PRESS DIGEST- New York Times business news – July 1


July 1 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– Airbus said on Tuesday that it would cut nearly 15,000 jobs across its global work force, the largest downsizing in the company’s history. https://nyti.ms/2YMKEV3

– Karen Parkin, a top Adidas AG executive, resigned on Tuesday, weeks after a number of Black employees pushed for her ouster amid a wider outcry over what they said were past acts of racism and discrimination at the company. https://nyti.ms/31yT4kH

– Facebook Inc said on Tuesday that it took down a network of accounts, groups and pages connected to “boogaloo”, an antigovernment movement in the United States, that encourages violence. https://nyti.ms/38kUJMb

– Netflix Inc said on Tuesday that it would move up to $100 million to financial institutions that support Black communities in the United States. https://nyti.ms/2NJp3qj

(Compiled by Bengaluru newsroom)

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