China throws media shield around Xi Jinping’s Hong Kong visit

China throws media shield around Xi Jinping’s Hong Kong visit

hong kong CNN Business — Journalists from leading international media organizations, including Reuters and CNN, have been barred from covering official ceremonies during Chinese leader Xi Jinping’s visit to Hong Kong later this week. Xi will be in Hong Kong to mark the 25th anniversary of the city’s handover from Britain to China, and it … Read more

Microsoft says Russia has stepped up cyber espionage against the US and Ukraine allies

Microsoft says Russia has stepped up cyber espionage against the US and Ukraine allies

Washington CNN — Russian intelligence agencies have increased their efforts to hack US and allied government computer networks to gather intelligence since the war in Ukraine began, Microsoft said in new findings published Wednesday. American organizations were the top target of the Russian hacking attempts outside of Ukraine, according to Microsoft, but the alleged Russian … Read more

Activision Internal Investigation Finds Almost Nothing Wrong

Activision Internal Investigation Finds Almost Nothing Wrong

Image: Activision Blizzard / Kotaku Nearly year after an explosive lawsuit by the California Department of Fair Employment and Housing kicked off a firestorm of sexual harassment and discrimination allegations at Activision Blizzard, a Board of Directors working group investigating the company has released its findings. Led by a 25-year veteran of the call of … Read more

EU Regulators Could Convince Google to Open YouTube Ad Business

EU Regulators Could Convince Google to Open YouTube Ad Business

Photo: Drew Angerer (Getty Images) While Google’s multiple antitrust cases continue to drag on here in the US, it looks like the search giant’s starting to make a few concessions across the pond. Reuters reports that Google’s parent company, Alphabet, has made an offer to European Union regulators in response to an ongoing investigation into … Read more

Coinbase Is Rescinding Job Offers Via Email as Crypto Spirals

Coinbase Is Rescinding Job Offers Via Email as Crypto Spirals

The crypto spiral is turning Coinbase into that employer who rescinds job offers via email.Drawing: Leon Neal (Getty Images) Late Thursday, the once-mighty cryptocurrency exchange Coinbase, which reported a 4,900% increase in profits in 2021, announced that it was pausing hiring “for the foreseeable future” because of the current market conditions. And while pausing hiring … Read more

Microsoft Says Nice Things About Unions Ahead Of FTC Review

Microsoft Says Nice Things About Unions Ahead Of FTC Review

Photo: Kevork Djansezian Microsoft is trying to strike a more conciliatory tone with organized labor as it looks to get its $69 billion mega video game merger with Activision Blizzard OK’d by the Federal Trade Commission. Vice chairman and president Brad Smith wrote that the company is “committed to creative and collaborative approaches with unions” … Read more

Warren Buffett-backed BYD shrugs off China’s lockdowns

Warren Buffett-backed BYD shrugs off China’s lockdowns

hong kong CNN Business — BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market, despite strict Covid lockdowns that have disrupted production and sales for many of its major rivals. The company reported Tuesday that its sales of electric vehicles and plug-in hybrids soared 313% in … Read more

The latest in the investigations and lawsuits involving Donald Trump, his company and the 2020 election

The latest in the investigations and lawsuits involving Donald Trump, his company and the 2020 election

Washington CNN — The volume of investigations involving former President Donald Trump, the January 6 attack on the US Capitol, efforts to overturn the 2020 presidential election and the finances of the Trump Organization is staggering. Here’s an updated list of notable investigations and lawsuits and latest developments: Public hearings will begin on June 9 … Read more

Activision Investors OK Xbox Deal, But Wall Street Is Skeptical

Activision Investors OK Xbox Deal, But Wall Street Is Skeptical

Photo: mike windle (Getty Images) Shareholders at call of duty and Overwatch 2 publisher Activision Blizzard voted overwhelmingly on Thursday to approve a $69 trillion dirty to tech giant Microsoft. The deal gives golden parachutes to top execs at Activision, including embattled CEO Bobby Kotick. But despite gaming’s biggest acquisition ever moving one step closer … Read more

Judge rules for Elon Musk in $13 billion lawsuit over Tesla-SolarCity deal

Judge rules for Elon Musk in  billion lawsuit over Tesla-SolarCity deal

Tesla Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday. Tesla (TSLA) shareholders had accused Musk of coercing Tesla (TSLA)’s board into buying SolarCity, a struggling rooftop … Read more