By Jennifer Korn The business fallout from the war in Ukraine is about to extend to outer space. OneWeb, a London-based satellite startup striving for global internet connectivity and a key competitor to Elon Musk’s StarLink satellite internet constellation, was set to launch a batch of 36 internet satellites Friday as part of its plan
Continue Reading By Jennifer Korn A Russian ultimatum was met with swift dismissal as the war in Ukraine extends to outer space. OneWeb, a London-based satellite startup striving for global internet connectivity and a key competitor to Elon Musk’s StarLink satellite internet constellation, has rejected Russian demands to sever ties with the UK government on Thursday. The
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The Missouri attorney general is urging residents to take proactive steps to protect their information from identity theft if they think they might have been impacted by the data breach in August 2021 at T-Mobile.
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By Brian Fung, CNN Business A nationwide group of state attorneys general announced an investigation into TikTok’s impact on young Americans Tuesday, adding to the steady drumbeat of political pressure being applied to social media platforms. The probe zeroes in on TikTok’s user engagement techniques and alleged risks that the platform may pose to the
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By Rishi Iyengar, CNN Business Google is giving its employees one more month of being fully remote before requiring them back in the office at least three days a week. The tech giant will “end the voluntary WFH period” on April 4 that it gave its employees at the start of the coronavirus pandemic in
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By Sara Ashley O’Brien, CNN Business First, Amazon killed traditional bookstores. Then it opened its own. Now, Amazon is doing away with its bookstores. The e-commerce giant confirmed Wednesday that it is closing 68 retail locations, including all of its Amazon Books stores, as part of a broader shift in its bricks-and-mortar retail strategy. In
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By Brian Stelter, CNN Business President Biden’s State of the Union address reached more than 38 million people in the United States on Tuesday night, according to Nielsen ratings. Around the world, Biden’s message about the Russian invasion of Ukraine was seen by a far larger total audience, but there is no standardized way to
Continue Reading By Brian Stelter, CNN Business President Biden’s State of the Union address reached more than 38 million people in the United States on Tuesday night, according to Nielsen ratings. Around the world, Biden’s message about the Russian invasion of Ukraine was seen by a far larger total audience, but there is no standardized way to
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By Jackie Wattles and Jennifer Korn, CNN SpaceX has a new deal to launch internet-beaming satellites for its chief competitor in the satellite business — British company OneWeb. The somewhat awkward pairing, announced by OneWeb on Monday, comes after Russia’s invasion of Ukraine effectively brought a halt to Russian launches of commercial Western satellites. A
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By Allison Morrow, CNN Business If Russia’s oligarchs weren’t already shaking in their custom Italian-leather boots, they probably are now. In his first State of the Union address Tuesday night, President Joe Biden addressed Russian President Vladimir Putin’s cronies directly, telling them that the United States and its allies are coming to “seize your yachts,
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We’re talking about business taxes, anything business owners should know for filing taxes as well as some COVID related items.
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By Frank Pallotta, CNN Business Serena Williams called out The New York Times Wednesday after the paper published an article about her venture fund but used a photo of her sister, Venus. The story was about how Serena Williams raised $111 million for a new venture fund, “Serena Ventures.” The incorrect photo did not appear
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By Brian Stelter and Bianna Golodryga, CNN Journalists from the last remaining independent news network in Russia have left the country for their own safety, one day after Russia instituted a digital roadblock against the network. The country’s Prosecutor General’s Office issued an order on Tuesday to restrict access to both TV Rain, also known
Continue Reading By Brian Stelter and Bianna Golodryga, CNN Journalists from the last remaining independent news network in Russia have left the country for their own safety, one day after Russia instituted a digital roadblock against the network. The country’s Prosecutor General’s Office issued an order on Tuesday to restrict access to both TV Rain, also known
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By Matt Egan, CNN Business Russia’s stock market remains shut down. The ruble is worth less than a penny. And Western businesses are fleeing. JPMorgan warns a Russian default could be next. “Sanctions imposed on Russia have significantly increased the likelihood of a Russia government hard currency bond default,” JPMorgan emerging markets strategists wrote in
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By Brian Fung, CNN Business Over the past week, Ukraine’s government has pressured major tech platforms to rethink how they operate with Russia, and it has been pretty successful. Social media companies have reduced the reach of Russian state-backed media outlets, for example, and Apple has stopped selling its products and limited some services in
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By Peter Valdes-Dapena, CNN Business Ford is creating two new business units, one for electric vehicles and software and another for its traditional internal combustion vehicles. These companies will report their financial results separately from the rest of Ford but they will not be spun off as entirely separate companies. This new corporate structure will
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By Catherine Thorbecke Fitbit is recalling 1.7 million smartwatches due to a potential burn hazard, the Consumer Product Safety Commission said Wednesday. The voluntary recall exclusively involves Fitbit Ionic smartwatch models, which contain a lithium-ion battery that can potentially overheat and pose a burn hazard to consumers, according to the CPSC. The agency said the
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By Paul R. La Monica, CNN Business Is the American consumer finally close to being tapped out? It appears that some Wall Street investors think that shoppers might, at long last, be ready to drop. According to a report this week from S&P Global Market Intelligence, short selling in consumer stocks — essentially betting that
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By Peter Valdes-Dapena, CNN Business The Felicity Ace, the cargo ship carrying cars and SUVs from brands including Audi, Porsche, Bentley and Lamborghini, has now sunk. It had caught fire February 16th and its crew abandoned the ship. The largely burned out ship was being towed back to a safe port when it sank yesterday,
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