Global Business

January 24, 2023

Rep. George Santos scandal rocks Congress

One of the newest lawmakers in the U.S. Congress has started another week of fending off more accusations that he’s lied about much of his past. Republican George Santos was elected in November’s midterm elections.

Read More...
January 16, 2023

Students, educators weigh pros and cons of AI assisted essays

If you are in college, you’ve probably already heard of ChatGPT – the new artificial intelligence-powered chatbot that is generating university-level papers. Some professors say they can’t tell the difference between their students’ work and the bot’s. It’s raising concerns of cheating and plagiarism – […]

Read More...
January 16, 2023

AI in Focus

2022 saw an increase in artificial intelligence globally. What does that mean for 2023? CGTN explores how AI will impact the future.

Read More...
U.S. jobs report shows job growth in November
December 3, 2022

U.S. jobs report shows job growth in November

Despite multiple interest rate hikes in the U.S., the job market continues to show signs of strength. Total employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7%. Find out more.

Read More...
Colombian peso hits record low
November 6, 2022

Colombian peso hits record low

Colombia’s currency depreciated 1.6% on Tuesday and closed at a record low below 5,000 against the dollar. Over the past month, the peso has lost 8% of its value. Find out what affected the value of peso.

Read More...
October 11, 2022

IMF warns the “worst is yet to come” in economic outcome

The International Monetary Fund is warning that the “worst is yet to come” for global economies and the financial impact on people. The IMF has released its latest World Economic Outlook at the IMF-World Bank meetings in Washington. CGTN’s Caroline Malone reports.

Read More...
U.S. job market cools off in August
September 3, 2022

U.S. job market cools off in August

Total U.S. employment increased by 315,000 in August, and the unemployment rate rose to 3.7 percent. The figures signal that the U.S. central bank’s plan to solve the inflation crisis could be paying off.

Read More...
Urgent need for more EV charging stations in the U.S.
August 31, 2022

Urgent need for more EV charging stations in the U.S.

Trying to increase renewable energy, large investments are being made in the electric vehicle industry in the U.S. There are more than 45,000 charging stations across the country. But data from consumer research firm J.D. Power shows that’s not nearly enough.

Read More...
California faces extreme heat
August 23, 2022

California faces extreme heat

The heat waves have put plenty of stress on power grids in California. As CGTN’s Mark Niu reports, the Silicon Valley community has temporarily lost power at least five times in the past two months.

Read More...
Healthcare costs keep rising in the U.S.
August 3, 2022

Healthcare costs keep rising in the U.S.

Healthcare costs are one of the most hotly contested issues in the U.S. But despite the pandemic, they’ve been somewhat sidelined by the immediacy of the inflation crisis and its impact on rocketing fuel and food prices. As CGTN’s Owen Fairclough reports, they’re all contributing […]

Read More...
Federal Reserve hikes rate by 75 basis points
July 27, 2022

Federal Reserve hikes rate by 75 basis points

The U.S. central bank has raised benchmark interest rates by 75 basis points again, to try and tame soaring inflation. The Federal Reserve’s hike is designed to make credit more expensive, and so cool economic activity.

Read More...
July 26, 2022

Rising NYC rents

  The average cost of rent in parts of New York has hit record highs as demand continues to outweigh supply. The Covid-19 pandemic sparked an exodus from the city and slowed residential construction but people are flocking back to the city once again. And […]

Read More...
July 26, 2022

‘Gloomy and more uncertain’ GDP forecast

  The global economic climate became even bleaker this Tuesday after another dramatic revision in growth forecasts. The International Monetary Fund released another set of further downgraded predictions just months after a similar pessimistic assessment. And the numbers were released during a critical week for […]

Read More...