Some of Thursday’s top business news stories:
The Associated Press
Germany faces gas supply ‘crisis,’ declares alarm level
Airport chaos: European travel runs into pandemic cutbacks, by Kelvin Chan and Mike Corder
CNN
JPMorgan lays off hundreds of employees in mortgage division as rates spike, by Matt Egan
The dream of owning a home is out of reach for 4 million Americans, by Alicia Wallace
The Wall Street Journal
NBCUniversal, Google Compete to Help Netflix Develop Ad-Backed Tier, by Sarah Krouse, Patience Haggin and Lillian Rizzo
Rolls-Royce Offers $2,500 Payment to Workers as Inflation Bites, by Sara Ruberg and Benjamin Katz
CNBC
American Airlines to stop flying to four small cities, citing pilot shortage, by Leslie Josephs
Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars each, by Jordan Novet
Reuters
Twitter tests long-form text feature called ‘Notes’
Biden administration leans on Tesla for guidance in renewable fuel policy reform, by Jarrett Renshaw and Stephanie Kelly
News about business journalism:
Freeman departs Forbes for Law360
Modern Healthcare’s Teichert joining NY Daily News
The Economist has best financial year since 2016
Bachman departing Bloomberg for Anuvu
Forbes hires four BuzzFeed tech news staffers
SABEW Canada names Best in Business award winners
WSJ hires Waters as fashion editor
Financial News taps Daniel to cover fintech and crypto
News startup Semafor hires Albergotti to oversee tech coverage
Fox Business website has strong May in minutes, views
Reuters to provide content for Haystack News
Five journalists receive McGraw biz journalism grants
The Verge hires Minters as editorial director for audio
