By Anna Cooban, CNN Business Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country’s ability to build super-fast 5G networks. The Finnish telecom company announced on Tuesday that staying in Russia would “not be possible” given President Vladimir Putin’s ongoing assault
Continue ReadingBy Catherine Thorbecke, CNN Business A coalition of thousands of Etsy sellers signaled support for a one-week strike starting on Monday — the same day the online marketplace known for its unique handicrafts will start hiking the fees it charges those who use its platform to earn a living. An online petition started by Etsy
Continue ReadingCNN, CNNBUSINESS By Chris Isidore and Mark Thompson, CNN Business Elon Musk has made an offer to buy Twitter and take it private, saying he believes the company needs to be “transformed.” According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share,
Continue ReadingBy Laura He, CNN Business One of the regulators behind China’s dramatic crackdown on private enterprise has tried to quell growing concerns about the impact on employment, saying the country’s biggest tech companies have added nearly 80,000 jobs since July and are “full of confidence.” In a rare, direct response by a top government agency
Continue ReadingCNN By Chris Isidore and Mark Thompson, CNN Business Elon Musk has made an offer to buy Twitter and take it private, saying he believes the company needs to be “transformed.” According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing
Continue ReadingBy Rob McLean and Clare Duffy, CNN Business Tesla CEO Elon Musk, who recently became Twitter’s largest individual shareholder, has decided not to join the social media company’s board. Twitter CEO Parag Agrawal tweeted the news Sunday night. “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning
Continue ReadingCNN By Jackie Wattles, CNN Business The first all-private mission to the International Space Station is slated to complete the final leg of its journey this week, capping off what will be about a 12-day, multimillion-dollar journey. The mission, called AX-1, was brokered by the Houston, Texas-based startup Axiom Space, which books rocket rides, provides
Continue ReadingBy Jackie Wattles, CNN Business A SpaceX capsule carrying three paying customers and a former NASA astronaut has arrived at the International Space Station, finishing the first leg of this first-of-its-kind mission that will last about 10 days. The mission launched from Kennedy Space Center in Florida on Friday morning. And the spacecraft, which separated
Continue ReadingBy Sara Ashley O’Brien, CNN Business One week after Amazon workers at a New York City warehouse made history by voting to form a union, the tech giant is calling for a do-over election in filing Friday that lays out 25 objections that form the basis of its appeal. In its filing to the National
Continue ReadingCNN, CNN BUSINESS By Jackie Wattles, CNN Business Three NASA astronauts and a European astronaut splashed down aboard their SpaceX Crew Dragon capsule off the coast of Florida after midnight Friday morning, capping off their six-month mission during which they worked alongside Russian cosmonauts and hosted the first all-private crew to visit the orbiting outpost.
Continue ReadingBy Jackie Wattles, CNN Business A SpaceX rocket carrying three paying customers and a former NASA astronaut took off from Kennedy Space Center in Florida on Friday morning, kicking off a first-of-its-kind mission that will take the group on a 10-day mission to the International Space Station. The spacecraft, which separated from the rocket after
Continue ReadingCNN, CNN BUSINESS By Catherine Thorbecke, CNN Business Nearly two years before Japanese fashion titan Yusaku Maezawa embarked on his recent tourist visit to the International Space Station, he made global headlines for launching a worldwide search for a “life partner” to go to the moon with him. In his online appeal for love, Maezawa,
Continue ReadingBy Catherine Thorbecke, CNN Business Nearly two years before Japanese fashion titan Yusaku Maezawa embarked on his recent tourist visit to the International Space Station, he made global headlines for launching a worldwide search for a “life partner” to go to the moon with him. In his online appeal for love, Maezawa, who was 44
Continue ReadingBy Michelle Toh and CNN’s Bejiing bureau Chinese food delivery service Meituan has sent almost 1,000 extra workers to Shanghai to help supply groceries to millions of residents struggling with life under a strict Covid lockdown. The company announced Thursday that it had rolled out a host of new measures in China’s financial hub, where
Continue ReadingBy Laura He, CNN Business Tencent is shutting down its game streaming service, the latest retreat by Big Tech in the face of a sweeping crackdown by Chinese regulators that has sharply slowed growth at some of the country’s most powerful internet companies. The streaming platform, Penguin Esports, announced Thursday that it would terminate all
Continue ReadingBy Rishi Iyengar, CNN Business On March 14, the same day Russia banned Instagram, Russian tech entrepreneur Alexander Zobov announced he would soon launch a local version of the popular photo and video sharing app called Rossgram. Zobov and his team “were already prepared for this outcome of events in advance and decided not to
Continue ReadingBy Catherine Thorbecke, CNN Business More than 8 million Cash App Investing customers may have had personal data compromised after a former employee downloaded internal reports without permission, parent company Block Inc revealed in a regulatory filing earlier this week. The breach solely impacted Cash App Investing users, according to the filing Monday, not the
Continue ReadingBy Jackie Wattles, CNN Business SpaceX is heading back to the launch pad, this time to put a group of four private citizens into orbit for a first-of-its-kind trip to the International Space Station. The trip was put together by Axiom Space, a private startup that’s booking rides with SpaceX and coordinating flights to the
Continue ReadingCNN By Rachel Metz, CNN Business Google wants to make it easier to search for things that are hard to describe with just a few words or an image. On Thursday, Google rolled out a new search option that lets you combine text and images in a single query. With this feature, you could search
Continue ReadingBy Rachel Metz, CNN Business Google wants to make it easier to search for things that are hard to describe with just a few words or an image. On Thursday, Google rolled out a new search option that lets you combine text and images in a single query. With this feature, you could search for
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