By Allison Morrow, CNN Business Bill Gates and Melinda French Gates are giving themselves a two-year trial period to see if they can co-parent the massive charitable foundation that they have treated as another one of their children. When the couple announced their divorce two months ago, they said they would both stay on as
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Microsoft is urging Windows users to immediately install an update after security researchers found a serious vulnerability in the operating system.
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CNN’s Rachel Crane looks at the race between billionaires Jeff Bezos and Richard Branson to be the first in space.
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By Jackie Wattles, CNN Business Richard Branson will take a rocket-powered space plane on a 2,400 mile-per-hour ride to the edge of space this weekend. That’s if everything goes according to plan. And there’s plenty that could go wrong. The rocket motor could fail to light up. The cabin could lose pressure and threaten the
Continue Reading By Jordan Valinsky, CNN Business Microsoft is urging Windows users to immediately install an update after security researchers found a serious vulnerability in the operating system. The security flaw, known as PrintNightmare, affects the Windows Print Spooler service. Researchers at cybersecurity company Sangfor accidentally published a how-to guide for exploiting it. The researchers tweeted in
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By Charles Riley, CNN Business Talk about buyer’s remorse. On Tuesday, shares in Didi crashed 20% after Chinese authorities opened an investigation into the ride-hailing giant that raised $4.4 billion last week in a massive IPO in New York. The botched IPO is bad news for investors. It’s also bad for the New York Stock
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By Nectar Gan and Yong Xiong, CNN Business WeChat has deleted more than a dozen LGBT accounts run by university students, sparking fears that safe spaces for China’s sexual and gender minorities are going to shrink even further. On social media Tuesday, LGBT rights supporters protested the abrupt closure of these accounts by the Tencent-owned
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By Hanna Ziady, CNN Business The Ever Given has begun its journey out of the Suez Canal more than three months after it ran aground, clogging up one of the world’s most vital trade arteries and disrupting global supply chains. The quarter-mile long container ship, which blocked the Suez Canal for six days in March
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The New York Times published its explosive story regarding disparaging comments Rachel Nichols made about colleague Maria Taylor on Sunday. On Tuesday night, the fallout was visible on ABC. Instead
Continue Reading ESPN removed Rachel Nichols from her role as the sideline reporter for the NBA Finals after the New York Times published an audio recording of Nichols making disparaging comments about colleague Maria Taylor.
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By Jessie Yeung and Kocha Olarn, CNN Business Crowded factories in Asia’s manufacturing hubs seemed curiously immune to coronavirus as it spread through most of the world last year. By the end of 2020, Thailand and Vietnam had reported fewer than 200 deaths between them, and Cambodia and Laos didn’t report any at all. But
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By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Welcome back to a four-day workweek, aka what every week should be. Let’s get into it. THE HANGOVER If you’re feeling a little sluggish today after
Continue Reading Software vendor Kaseya says that between 800 and 1,500 businesses have been compromised by the recent ransomware attack. CNN’s Clare Sebastian reports.
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Software vendor Kaseya says that between 800 and 1,500 businesses have been compromised by the recent ransomware attack. CNN’s Clare Sebastian reports.
Continue Reading By Clare Duffy, CNN Business Businesses and governments around the world are scrambling to understand yet another major ransomware attack that hit over the weekend, which could potentially cost tens of millions of dollars and affect more than 1,000 other companies. Hackers hit a range of IT management companies and compromised their corporate clients by
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By Frank Pallotta, CNN Business Universal Pictures and Peacock announced that new films from the studio will head exclusively to NBCUniversal’s nascent streaming service after they play in theaters. Under a new licensing agreement, which starts with the 2022 theatrical slate, Universal’s movies will be available exclusively on Peacock no later than four months after
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By Diksha Madhok, CNN Business Twitter is in uncharted waters in one of its largest markets. The social media company no longer has immunity over content posted on its platform by third parties in India, according to a court filing submitted Monday by the Indian government. The court has yet to weigh in on the
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Andy Jassy takes over the role of Amazon CEO from Jeff Bezos as the company faces an antitrust push along with criticism over worker treatment. CNN’s Clare Sebastian reports.
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By Danielle Wiener-Bronner, CNN Business After years of declining sales, Subway is hoping to reintroduce itself to customers and convince them to give its sandwiches a shot. Next week, Subway restaurants across the country will unveil an updated menu designed to improve items across the board. The chain says the move is the biggest menu
Continue Reading By Ellie Kaufman and Zachary Cohen, CNN The Department of Defense is canceling a controversial $10 billion cloud computing contract that had been awarded to Microsoft over Amazon under the Trump administration. The department announced Tuesday that it is canceling the Joint Enterprise Defense Infrastructure (JEDI) contract that was previously awarded to Microsoft. It will
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