By Julia Horowitz, CNN Business Many countries around the world have decided to live with the coronavirus, even as a new subvariant fuels another wave of infections. But China is an extremely important exception. What’s happening: China continues to deploy “snap” lockdowns as it tries to eliminate transmission of Covid-19 within its borders. The policy
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By Michelle Toh, CNN Business Meng Wanzhou, the senior Huawei executive whose detainment in Canada became a flashpoint of US-China tensions, returned to the corporate stage Monday as sanctions continue to slam its business. The chief financial officer’s first appearance since her release came at an earnings presentation in Shenzhen where she took questions from
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By Chris Isidore, CNN Business Elon Musk says he has Covid for a second time, but he is feeling relatively well. In a tweet early Monday, the CEO of Tesla and SpaceX said he “supposedly have it again (sigh), but almost no symptoms.” He previously tested positive for Covid in November 2020, before a vaccine
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By Chris Isidore, CNN Business Tesla shares have been on a tear in recent weeks as Elon Musk marked the company’s first deliveries from its new Berlin factory, easing investors’ fears about whether the EV maker would receive the necessary approvals from the German government. “I’d say 30% of investors we talked to over the
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By Chris Liakos, CNN Business European brewers Heineken and Carlsberg said Monday they will exit the Russian market following reviews of their operations triggered by the invasion of Ukraine. Denmark’s Carlsberg, which has 8,400 employees in Russia, said it was seeking a “full disposal” of its business but would maintain operations at a reduced level
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By Nathan Hodge, CNN Business Ukrainian President Volodymyr Zelensky has accused Moscow of being “frightened” by journalists “who can tell the truth” after the Kremlin attempted to prevent Russians seeing an interview he gave about the war in Ukraine. Moscow’s media watchdog Roskomnadzor issued a statement Sunday warning Russian news outlets against rebroadcasting or distributing
Continue Reading By Nathan Hodge, CNN Business Ukrainian President Volodymyr Zelensky has accused Moscow of being “frightened” by journalists “who can tell the truth” after the Kremlin attempted to prevent Russians seeing an interview he gave about the war in Ukraine. Moscow’s media watchdog Roskomnadzor issued a statement Sunday warning Russian news outlets against rebroadcasting or distributing
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By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty, broadcast signal shut off. The decision followed the draconian “Fake News” law the Kremlin enacted, effectively making it a crime to report the truth about the war in Ukraine. But the husband-and-wife team behind
Continue Reading By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty, broadcast signal shut off. The decision followed the draconian “Fake News” law the Kremlin enacted, effectively making it a crime to report the truth about the war in Ukraine. But the husband-and-wife team behind
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By Frank Pallotta, CNN Business The Academy Awards ceremony is Hollywood’s biggest night, and for decades, it was one of the most watched television events each year. Not anymore. Last year the broadcast experienced record low ratings, bringing in a mere 9.8 million viewers. Just eight years ago, the Oscars nabbed more than 40 million
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By Chris Isidore, CNN Business Another Boeing plane has been grounded after a fatal crash, this time in China. That may be the least of the company’s problems in a crucial market. The decision to ground the Boeing model 737-800 was made by China Eastern Airlines, which operated the jet that crashed March 21, killing
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Opinion by Bill Carter for CNN Business Perspectives At some point during the Academy Awards ceremony Sunday night, someone will undoubtedly shower praise on the nominated films as superb additions to the art of movie-making. But more importantly, someone — probably a lot of someones, including hosts, presenters and winners — will also confront the
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By Paul R. La Monica, CNN Business The Federal Reserve has already raised interest rates once this year and is likely to keep hiking them for the rest of 2022. Investors have largely brushed off worries about higher rates, with the hope that the increases will ease inflation pressures without slowing down the economy too
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By Lucy Bayly, CNN Business The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than
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By Nicole Goodkind, CNN Business Former Federal Reserve head Alan Greenspan has a keen interest in men’s underwear. Not because he’s preoccupied with the evolving fashions of nether garments — rather, he sees underwear sales as a key economic predictor. Sounds weird, right? But it’s just one of the many strange ways experts try to
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By Nathaniel Meyersohn, CNN Business Saving money can take a little extra effort: clipping coupons, searching for a promotional code, signing up for an email list…. But Amazon sometimes makes us check a box to save. Huh? Those orange “coupon” banners below the price on Amazon’s online store are a head-scratcher. Why does Amazon make
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By Frank Pallotta, CNN Business Netflix has accomplished a lot in Hollywood: It’s partnered with notable filmmakers, produced buzzy hit films and launched the streaming craze that revolutionized the industry. Yet there’s one coveted Tinseltown accolade Netflix hasn’t received: the Academy Award for best picture. That could change this weekend. Netflix’s film “The Power of
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By 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
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By Clare Duffy, CNN Business TikTok has been hit with another lawsuit from former content moderators who claim the job traumatized them. Ashley Velez and Reece Young, former contract content moderators for TikTok, allege that their work involved reviewing “unfiltered, disgusting and offensive content,” including “child sexual abuse, rape, torture, bestiality, beheadings, suicide, and murder,”
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By Oliver Darcy, CNN Business A judge in Washington D.C. on Thursday dismissed a high-profile case filed by a Washington Post politics reporter who alleged that the newspaper and its former top editor subjected her to unlawful discrimination after she publicly said that she had been the victim of sexual assault. The reporter, Felicia Sonmez,
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