Global Business

Technology and data under spotlight in the U.S. election

November 12, 2020

How Pfizer’s genetic vaccine works against COVID-19

Pfizer announced Monday that its vaccine may be 90% effective, based on early and incomplete test results. The Food and Drug Administration must still authorize its use.

October 12, 2020

Venezuela recession forces some to subsistence fishing

The COVID-19 pandemic outbreak has forced many businesses to close in Venezuela. The country is in the seventh year of one of the deepest recessions ever recorded in the world. Venezuelans head out to sea, fishing for survival amid crisis.

August 25, 2020

Back-to-school: Coronavirus shifts consumers habits

The back-to-school shopping season, which traditionally runs from mid-July to mid-August, is one of the most important annual events for U.S. retailers.

August 18, 2020

Trade battle ramps up after U.S. imposes tariffs on Canadian aluminum

A new trade battle between the U.S and Canada is underway after tariffs imposed by Washington took effect on Sunday.

August 11, 2020

COVID-19 impacts America’s farms

The economic impacts of COVID-19 continue to be felt across the globe.

August 4, 2020

Reappearing act: Magicians try to maintain business during outbreak

In the time of the pandemic, so many businesses are hurting, and that includes entertainers.

August 3, 2020

Oil exporters ease production cuts amid fears for second COVID-19 wave

Global oil prices have been hit with a double whammy in recent months: a brutal price war and falling demand due to COVID-19.

July 29, 2020

Millions face cuts to emergency unemployment benefits in the U.S.

Republicans in Congress are considering cutting the current extra $600 weekly unemployment from the federal government to $200. See how this proposal will impact the unemployed.

July 29, 2020

San Diego Comic-Con goes virtual due to the COVID-19 pandemic

The world’s largest event for pop culture, Comic-Con International San Diego has ended without anyone attending in person this year, how did that happen? Check out some details here.

June 4, 2020

Virus widening the gulf between Americans

Even before the COVID-19 pandemic, the U.S. was highly polarized. New surveys suggest the pandemic is widening the gulf, especially over the science driving the U.S. handling of the outbreak. CGTN’s Owen Fairclough has more.

June 4, 2020

Experts warn of avoidable deaths linked to mental illness

Thousands of people in the United States could die from alcoholism, drug abuse and suicide linked to the coronavirus. Mental health helplines have reported an uptick in people asking for support. Experts say there will also be a surge in avoidable deaths, if the country […]

June 2, 2020

U.S. rental car company Hertz declares bankruptcy

One of the biggest corporate casualties of the novel coronavirus pandemic is U.S. rental car company Hertz. It declared bankruptcy after travel came to a standstill and its debt burden became too much to bear. CGTN’s Karina Huber has more.

May 22, 2020

Female winemakers resolved to ride out pandemic

Female wine entrepreneurs have been working together in the Women’s Wine Guild of Colorado, and now many are adjusting to the impact the coronavirus has had on their businesses. CGTN’s Hendrik Sybrandy reports.

May 22, 2020

Unemployment seeing record highs, but some jobs are still available

More than 36 million Americans have filed for unemployment benefits in just two months. While finding a job in is tough, there are some places that are hiring particularly in delivery and healthcare.

May 22, 2020

Robots are helping us fight COVID-19

Disease-proof robots are working to help prevent the spread of the coronavirus. See how companies are developing artificial intelligence to do jobs that can help human health.

May 22, 2020

Cattle ranchers struggle during coronavirus pandemic

The COVID-19 pandemic has put the strain on the cattle industry and demand and prices have dropped significantly. CGTN’s Alasdair Baverstock talks to ranchers in Texas to learn more.

May 22, 2020

Faces of unemployment: Theater workers

Hear from theater workers on how their industry has been impacted by the coronavirus pandemic, and how uncertain their future is as part of our series: Faces of unemployment.

May 13, 2020

City vs. Suburbs: Coronavirus makes some rethink where to live

As the coronavirus seems to impact more densely populated areas more severely than rural regions, it has many Americans rethinking where they want to live. A new poll indicates nearly one-third of Americans are thinking about moving to the suburbs from an urban community.

May 13, 2020

Stay-at-home orders puts real estate in uncharted territory

Spring is usually the hottest buying and selling time when it comes to real estate in the United States. However, the coronavirus has put the industry in an awkward position with agents showing homes remotely.
In all, it has led to a more than eight percent drop in home sales in March.

May 12, 2020

Circus group in Colombia vows show must go on

The saying is: The show must go on. One circus group in Colombia is doing everything it can for its show to continue amid the coronavirus crisis.

A big change is the group is moving from the big stage to the small screen.

May 12, 2020

Coronavirus crisis shines new light on U.S. food processing plants

The coronavirus crisis in the United States is shining a new light on the safety of U.S. food processing plant employees. More than 10,000 coronavirus infections are now tied directly to meat processing plants.
CGTN’s Hendrik Sybrandy reports on the outbreaks from Colorado.

May 12, 2020

COVID-19 concerns may place new guidelines on beaches

Warmer weather is starting to take shape throughout much of the United States, meaning more people will be leaving their homes and heading outside. For coastal communities, that means a return to the beach.

But, as COVID-19 continues to cause concern throughout the United States, beaches may not be the refuge they once were.

May 8, 2020

Puzzle popularity surges as coronavirus crisis continues

With so many in the US sheltered in, people are looking for new forms of entertainment to keep them occupied.

And puzzles are gaining in popularity with sales in some cases increasing by 400 percent.

May 8, 2020

Coronavirus pandemic highlights economic divide

The coronavirus pandemic is shining a light on an on-going problem in the United States, economic inequality.

As many businesses shift to work-from-home, a large majority of low-income workers are left without options.

May 8, 2020

Lockdown orders puts new strain on marriages

Wedding season has begun in many parts of the world. But, the number of couples tying the knot has fallen this year, mostly due to COVID-19 restrictions.

In the United States, marriage rates were already in decline, but the impact of a global pandemic is also bringing extra stress to the family dynamic.

May 7, 2020

Prestigious startup program tackles COVID-19

It’s one of the most prestigious startup programs in Silicon Valley—the Stanford-based StartX.

The program says their startups are nearly three times more likely to reach a $100 million dollar valuation and that more than 90-percent of its venture-backed startups are still growing.

But now it’s taking on a new challenge—COVID-19.

May 7, 2020

Coronavirus has negative impact on U.S. lottery sales

The coronavirus crisis in the United States is forcing people to stay inside their homes. A downstream impact are state lotteries, which have seen sales plummet in the past few months.

May 7, 2020

Etsy and Shopify stocks surge with strong mask sales amid shelter-at-home orders

Stocks of e-commerce platforms Etsy and Shopify initially fell along with the broader market amid the coronavirus outbreak in the U.S. But after masks became an essential and more people have turned their side hustle into their main gig, the two companies shares have soared.

May 6, 2020

Class of 2020 graduates amid uncertain times

The Class of 2020 started the year looking forward to graduating into one of the hottest job markets in a long time.
But now, many have seen their job offers and internships disappear.

May 6, 2020

Big U.S. businesses got a large portion of loans meant for small businesses

The U.S. federal government’s emergency lending program for small businesses recently allocated an additional 310 billion dollars after the first round of money ran out in just two weeks. Part of the problem is big businesses got a big chunk of the money meant for small businesses.

May 6, 2020

Amazon plans new jobs in Colombia

Online retailer Amazon says it plans to create one thousand new jobs in Colombia. Analysts say the move comes at a good time as Colombia deals with rising unemployment because of the coronavirus.

May 6, 2020

As unemployment rises, debt level for millennials spirals

As millions of Americans file for unemployment benefits, one group is being especially hit hard. Experts say millennials are one group that is increasingly vulnerable, with debt levels constantly rising.

May 5, 2020

Computer sales soar as more people work from home

As more people around the globe work from home, what was once a flat-lining business is now thriving. Sales of computers and accessories are now thriving.

May 5, 2020

Podcasting during COVID-19

Podcasting is a booming industry. With millions now sheltered at home, you’d think listeners would now be at an all-time high. You might be surprised.

May 5, 2020

Researching COVID-19 antibodies

The COVID-19 cure could be in the bloodstream of those whose immune systems rallied to defeat the coronavirus.

May 5, 2020

Will California enter stage 2 of reopening?

California may reopen many of its retail businesses as early as Friday.

May 5, 2020

Colorado begins reopening

More and more U.S. states are easing pandemic restrictions and allowing businesses to reopen.

May 5, 2020

Amazon eyes Colombia for jobs

E-commerce giant Amazon announced the creation of 1,000 jobs in Colombia.

May 5, 2020

Mexican students develop respirators

During the COVID-19 pandemic, hospital capacities and medical supplies are a concern across the globe. After seeing this problem in Mexico, one team of space travel engineers has joined forces to help fight supply shortages.

May 5, 2020

Pet adoptions spike as social distancing rules remain in place

The spread of the coronavirus has made social distancing the norm. With it, an increase in loneliness and isolation. But, a potential bright spot has also emerged, a surge in pet adoptions and fosters.

May 1, 2020

TV pilot season delayed amid the pandemic

Major American broadcasters use the so-called “pilot season” in the spring to come up with their new television shows. It typically runs from February to May – but COVID-19 restrictions brought most productions to a halt, throwing the entire broadcast industry into limbo. Experts in show […]

May 1, 2020

‘W-shaped’ recovery may be too optimistic, Fed’s Powell suggests

Fed Chair Jerome Powell says economic activity will stop and start for months to come, until an effective treatment or vaccine for the novel coronavirus can be found.

April 30, 2020

Struggling retailers in the U.S. stop paying rent

Retailers have been hit hard by coronavirus related closures in the United States. With most stores closed and unemployment skyrocketing, sales are down sharply and many retailers can’t afford to pay the rent.

April 23, 2020

The Essential People: Risking their lives during coronavirus pandemic

Workers in sectors that governments deem essential are risking their lives during the coronavirus pandemic. Hear their stories in our ongoing series: The Essential People.

April 17, 2020

U.S. companies alter approach to keep people safe

Amid the COVID-19 pandemic, countless U.S. companies have pivoted their operations to meet the market needs. Business owners from distillery and 3D printing company in Colorado shared about their experience.

April 14, 2020

The Argentine Cooperative making safety equipment

Argentina has entered its third week of lockdown, and the halt in activity is hitting the economy hard. Faced with a slump in orders for magazines, one factory has switched to making basic protective equipment.