By James Frater and Alex Hardie, CNN The European Union is setting up a working group to examine whether frozen Russian assets can be used to rebuild Ukraine. The group will carry out a “legal, financial, economic and political analysis” to assess this possibility, the Swedish government said in a statement Tuesday. Sweden currently holds
Continue Reading By Eric Cheung and Juliana Liu, CNN Shares in Taiwan Semiconductor Manufacturing Company fell as much as 4% on Wednesday, after Warren Buffett’s Berkshire Hathaway disclosed that it had sold most of its holdings in the chip giant. In a Tuesday filing with the United States’ Securities and Exchange Commission, Berkshire Hathaway said it had
Continue Reading By Kathleen Magramo, CNN Hong Kong real estate is the most expensive in the world, but it wasn’t eye watering prices that took investors by surprise this week. A public tender spelling out the details of a government land sale in the city’s Kowloon district states that prospective buyers can be disqualified if they or
Continue Reading By Oliver Darcy, CNN All niceties have been thrown out the window as DirecTV finds itself ensnared in an ugly carriage dispute with Newsmax. The satellite carrier, which refuses to buckle to pressure and pay millions of dollars to broadcast the network’s low-rated programming, unleashed on the right-wing talk channel on Tuesday. In a letter
Continue Reading By Oliver Darcy, CNN All niceties have been thrown out the window as DirecTV finds itself ensnared in an ugly carriage dispute with Newsmax. The satellite carrier, which refuses to buckle to pressure and pay millions of dollars to broadcast the network’s low-rated programming, unleashed on the right-wing talk channel on Tuesday. In a letter
Continue Reading By Gregory Wallace, CNN Citing a series of recent aviation safety incidents, the head of the Federal Aviation Administration has ordered a sweeping review of the agency. “We are experiencing the safest period in aviation history, but we cannot take this for granted,” Billy Nolen, the acting FAA administrator, wrote in a memo. “Recent events
Continue Reading By Peter Valdes-Dapena, CNN Business Ford has halted production of the top-selling electric pickup in America, the F-150 Lightning, because of a possible battery problem, the automaker confirmed Tuesday. The potential issue was discovered during the company’s pre-delivery vehicles inspections, Ford spokesperson Emma Berg said. The pause in production and delivery apparently does not apply
Continue Reading By Samantha Murphy Kelly, CNN Business Microsoft’s public demo last week of an AI-powered revamp of Bing appears to have included several factual errors, highlighting the risk the company and its rivals face when incorporating this new technology into search engines. At the Bing demo at Microsoft headquarters, the company showed off how integrating artificial
Continue Reading By Kara Scannell, CNN A federal judge ordered Sam Bankman-Fried back to court this week after learning that the founder of crypto trading platform FTX accessed the internet in a way the government can’t track. Judge Lewis Kaplan set a hearing for Thursday after he was notified by prosecutors and attorneys for Bankman-Fried that the
Continue Reading By Parija Kavilanz, CNN Get ready for heartbreak in the candy aisle. As Valentine’s Day arrives, so does the annual frenzy to buy or gift the classic Russell Stover and Whitman’s Sampler chocolate boxes that come in under $12 or so at Walgreens, CVS, Walmart and Target stores. But shoppers may be disappointed this year
Continue Reading By Parija Kavilanz, CNN Get ready for heartbreak in the candy aisle. As Valentine’s Day arrives, so does the annual frenzy to buy or gift the classic Russell Stover and Whitman’s Sampler chocolate boxes that come in under $12 or so at Walgreens, CVS, Walmart and Target stores. But shoppers may be disappointed this year
Continue Reading By Julia Horowitz, CNN Travel on a budget is having a moment. After extended periods at home during the pandemic, people are eager to pack their bags. But as inflation has jumped, many tourists are hunting for ways to keep costs down, from opting for shorter trips to steering clear of higher-end hotels. “You have
Continue Reading By Julia Horowitz, CNN Travel on a budget is having a moment. After extended periods at home during the pandemic, people are eager to pack their bags. But as inflation has jumped, many tourists are hunting for ways to keep costs down, from opting for shorter trips to steering clear of higher-end hotels. “You have
Continue Reading By Peter Valdes-Dapena, CNN Hyundai and Kia are offering a new free software patch to owners of 8.3 million vehicles that are so easy to steal that some insurance companies refuse to offer coverage for them in certain markets. The vehicles in question, 2015-2019 Hyundai and Kia models with turn-key ignitions — as opposed to
Continue Reading By Swati Gupta and Olesya Dmitracova, CNN India’s market regulator is looking into the explosive allegations against Adani Group made by US short seller Hindenburg Research, which accused the conglomerate of “the largest con in corporate history.” The claims, published in late January, set off a crash in the company’s market value and robbed its
Continue Reading By Brian Fung, CNN Senators from both parties blasted Big Tech on Tuesday and called for the passage of federal legislation to regulate tech platforms in the midst of a mental health crisis among young Americans. Opening a hearing of the Senate Judiciary Committee, Sen Dick Durbin, the panel’s chair, accused tech companies including Facebook
Continue Reading By Jordan Valinsky, CNN Business Pepsi is bringing back its Peeps-flavored soda, and this time it’s easier than an Easter egg hunt to find. For the first time, “Pepsi x Peeps” is available for sale at retailers nationwide, a change from its debut two years ago, when it only gave away a few thousand of
Continue Reading By Chris Isidore and Nikki Carvajal, CNN Boeing announced one of the largest orders in its history Tuesday. But it was still topped by rival Airbus. Both aircraft makers announced massive orders from Air India, which is gearing up its own expansion plans. Boeing’s order, which was announced by President Joe Biden after a call
Continue Reading By Jordan Valinsky, CNN Business Subway, one of the world’s most recognizable fast food brands, has confirmed it’s up for sale. The 58-year-old company said in a statement Tuesday that its shareholders are “exploring a possible sale” of the company and that it has hired J.P. Morgan to help conduct the process. Subway warned that
Continue Reading By Danielle Wiener-Bronner, CNN Egg prices are still going up — way up — in the grocery store. In January, egg prices rose 8.5% compared to the month before, according to inflation data released by the Bureau of Labor Statistics Tuesday. In the year through January, egg prices soared 70.1%. A highly-contagious, deadly avian flu
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