SpaceX launches rocket capable of carrying humansOneSpace, a startup based in Beijing, on Thursday became the country's first private company to launch its own rocket. It said its 9-meter-tall OS-X rocket successfully blasted off from a base in northwestern China. The aim of the mission is to collect data for a research project the startup is working on with the Aviation Industry Corporation of China, a state-owned company. Founded in 2015, OneSpace is often likened to Elon Musk's rocket company, SpaceX, a comparison that founder and CEO Shu Chang doesn't shy away from. "OneSpace's...…SpaceX launches rocket capable of carrying humansOneSpace, a startup based in Beijing, on Thursday became the country's first private company to launch its own rocket. It said its 9-meter-tall OS-X rocket successfully blasted off from a base in northwestern China. The aim of the mission is to collect data for a research project the startup is working on with the Aviation Industry Corporation of China, a state-owned company. Founded in 2015, OneSpace is often likened to Elon Musk's rocket company, SpaceX, a comparison that founder and CEO Shu Chang doesn't shy away from. "OneSpace's...WW…

Hong Kong (CNN Business)Toyota is hitting the gas to achieve its self-driving goals by buying Lyft's autonomous vehicle business for over half a billion dollars.The two players announced the $550 million acquisition on Tuesday, saying that it would allow them to create a "dream team" of about 1,200 researchers and engineers around the world. The combined unit will live under Woven Planet, a newly formed subsidiary by in January. That business is dedicated to investing in futuristic technologies, including automated driving, smart cities and robotics.The deal will allow Woven Planet, which...…Hong Kong (CNN Business)Toyota is hitting the gas to achieve its self-driving goals by buying Lyft's autonomous vehicle business for over half a billion dollars.The two players announced the $550 million acquisition on Tuesday, saying that it would allow them to create a "dream team" of about 1,200 researchers and engineers around the world. The combined unit will live under Woven Planet, a newly formed subsidiary by in January. That business is dedicated to investing in futuristic technologies, including automated driving, smart cities and robotics.The deal will allow Woven Planet, which...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Dogecoin is the latest target of hyped-up Reddit users.The virtual currency, which as an internet parody based on a viral dog meme, has skyrocketed 373% in the last 24 hours, according to . At one point, it was up 613%.One dogecoin is now worth a mere $0.0469, but that’s still easily at record levels.It’s the latest bizarre twist in the retail investing revolt making front pages all over the world. The surge came after a popular Reddit forum — not unlike the WallStreetBets group behind — set its...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Dogecoin is the latest target of hyped-up Reddit users.The virtual currency, which as an internet parody based on a viral dog meme, has skyrocketed 373% in the last 24 hours, according to . At one point, it was up 613%.One dogecoin is now worth a mere $0.0469, but that’s still easily at record levels.It’s the latest bizarre twist in the retail investing revolt making front pages all over the world. The surge came after a popular Reddit forum — not unlike the WallStreetBets group behind — set its...WW…

Hong Kong (CNN Business)Just eight months ago, Huawei reached its of . Now, it is not even in the . On Wednesday, the Chinese tech giant acknowledged that its smartphone business was suffering as continue to stifle its growth, cutting off the company's ability to obtain critical components for its devices."Because of the unfair sanctions placed on us by the US, our mobile phone business saw a revenue decline," Huawei chairman Ken Hu said at a press conference in Shenzhen following the release of the company's latest earnings report.The private company declined to specify how much revenue...…Hong Kong (CNN Business)Just eight months ago, Huawei reached its of . Now, it is not even in the . On Wednesday, the Chinese tech giant acknowledged that its smartphone business was suffering as continue to stifle its growth, cutting off the company's ability to obtain critical components for its devices."Because of the unfair sanctions placed on us by the US, our mobile phone business saw a revenue decline," Huawei chairman Ken Hu said at a press conference in Shenzhen following the release of the company's latest earnings report.The private company declined to specify how much revenue...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Tesla CEO Elon Musk says his company’s cars would never be used for spying in China, in response to reports that the country’s military has banned the vehicles over such concerns.“There’s a very strong incentive for us to be very confidential with any information,” the billionaire said Saturday at the China Development Forum, an annual conference by a unit of the government’s State Council. “If Tesla used cars to spy in China or anywhere, we will get shut down.”Just hours before he spoke, and...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Tesla CEO Elon Musk says his company’s cars would never be used for spying in China, in response to reports that the country’s military has banned the vehicles over such concerns.“There’s a very strong incentive for us to be very confidential with any information,” the billionaire said Saturday at the China Development Forum, an annual conference by a unit of the government’s State Council. “If Tesla used cars to spy in China or anywhere, we will get shut down.”Just hours before he spoke, and...WW…

MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Facebook and Google are taking vastly different approaches to an in Australia that could reset the relationship between tech and media.In the face of a proposed media code that would force Big Tech to pay publishers for news shared on their platforms, Facebookhas decided that it would rather just stop people from finding such content on its service altogether. The company’s ban on news content in Australia, Wednesday, forced the pages of media organizations and even to go dark.But...…MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Facebook and Google are taking vastly different approaches to an in Australia that could reset the relationship between tech and media.In the face of a proposed media code that would force Big Tech to pay publishers for news shared on their platforms, Facebookhas decided that it would rather just stop people from finding such content on its service altogether. The company’s ban on news content in Australia, Wednesday, forced the pages of media organizations and even to go dark.But...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — LG is getting out of the “incredibly competitive” business of making smartphones.On Monday, the South Korean tech giant announced that it would close down its mobile phone unit after years of losses, marking the end of an era for a trailblazer in the Android world.The division is expected to be wound down by July 31, although the company may continue to sell some of its existing models after that, according to LG Electronics.The “strategic decision to exit the incredibly competitive mobile phone...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — LG is getting out of the “incredibly competitive” business of making smartphones.On Monday, the South Korean tech giant announced that it would close down its mobile phone unit after years of losses, marking the end of an era for a trailblazer in the Android world.The division is expected to be wound down by July 31, although the company may continue to sell some of its existing models after that, according to LG Electronics.The “strategic decision to exit the incredibly competitive mobile phone...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — TikTok has been forced to lay off some of its workers in India as the country doubles down on what was already a in the country.The popular short video app announced Wednesday that it will cut workers in India after it had “not been given a clear direction on how and when our apps could be reinstated.”“It is deeply regretful that after supporting our 2000+ employees in India for more than half a year, we have no choice but to scale back the size of our workforce,” a TikTok spokesperson said in a...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — TikTok has been forced to lay off some of its workers in India as the country doubles down on what was already a in the country.The popular short video app announced Wednesday that it will cut workers in India after it had “not been given a clear direction on how and when our apps could be reinstated.”“It is deeply regretful that after supporting our 2000+ employees in India for more than half a year, we have no choice but to scale back the size of our workforce,” a TikTok spokesperson said in a...WW…

Hong Kong (CNN Business)Google says it will shut down its search engine in Australia if a controversial bill designed to benefit the news media becomes law.At a in Canberra on Friday, Australia Managing Director Mel Silva said the draft legislation "remains unworkable," and would be "breaking" the way millions of users searched for content online. "If this version of the Code were to become law, it would give us no real choice but to stop making Google Search available in Australia," she . "That would be a bad outcome not just for us, but for the Australian people, media diversity and small...…Hong Kong (CNN Business)Google says it will shut down its search engine in Australia if a controversial bill designed to benefit the news media becomes law.At a in Canberra on Friday, Australia Managing Director Mel Silva said the draft legislation "remains unworkable," and would be "breaking" the way millions of users searched for content online. "If this version of the Code were to become law, it would give us no real choice but to stop making Google Search available in Australia," she . "That would be a bad outcome not just for us, but for the Australian people, media diversity and small...WW…

Stay Updated on Developing StoriesView in AppBy Michelle Toh, CNN BusinessHong Kong(CNN Business) Impossible Foods has secured about half a billion dollars in fresh funding, despite the triggered by the .The latest funding for the popular plant-based protein startup mostly came from heavyweight investors in Asia, where Impossible has South Korea's Mirae Asset Global Investments joined as a new backer, and existing investors including Hong Kong's Horizons Ventures and Singapore's Temasek also committed more cash.Khosla Ventures, the Silicon Valley firm founded by Indian-born tech mogul Vinod...…Stay Updated on Developing StoriesView in AppBy Michelle Toh, CNN BusinessHong Kong(CNN Business) Impossible Foods has secured about half a billion dollars in fresh funding, despite the triggered by the .The latest funding for the popular plant-based protein startup mostly came from heavyweight investors in Asia, where Impossible has South Korea's Mirae Asset Global Investments joined as a new backer, and existing investors including Hong Kong's Horizons Ventures and Singapore's Temasek also committed more cash.Khosla Ventures, the Silicon Valley firm founded by Indian-born tech mogul Vinod...WW…