Global Business

Healthcare costs keep rising in the U.S.

August 2, 2022

Competition for electric vehicle market grows

Tesla has been the dominant player in the U.S. electric vehicle market, but some analysts speculate that this could change in the coming years.

August 2, 2022

Mexico City looks to transition to sustainable energy with solar power

Mexico City has a metro area population of more than 22 million people. It’s a place where demand for electric energy rises dramatically each year. It’s also a place where most days of the year are sunny.

July 28, 2022

U.S. GDP slips for another quarter

Back-to-back quarterly contractions are the typical definition of a recession.

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.

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 […]

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 […]

July 25, 2022

Fans gather in San Diego for return of Comic-Con after two years

This year, the multi-billion-dollar Comic-Con industry went all out to keep fans wanting more after a two-year hiatus.

July 21, 2022

Leaders from Latin America meet for Mercosur Summit

Mercosur, an economic and political bloc that includes Argentina, Brazil, Paraguay, and Uruguay and a population of around 300 million, announced a new trade deal with Singapore, but it was the recent news from Montevideo that dominated this meeting.

July 21, 2022

Renters in Miami struggle with surging housing prices

Americans continue to be on edge about inflation. They are paying more for gas, goods, utilities, and housing.

July 19, 2022

California passes strict laws to reduce plastic waste

California recently passed the most stringent requirements for plastic packaging in the nation.

July 16, 2022

Elon Musk’s lawyers try to slow down Twitter lawsuit

How will the war between Elon Musk and Twitter end? Find out more.

July 14, 2022

June inflation data shows a new surge in prices

U.S. President Joe Biden insists the June inflation data showing another surge in prices over the past month doesn’t reflect declining gasoline prices. Inflation is at a 40-year high and heading towards double digits. Owen Fairclough reports on price rises hitting just about every aspect […]

July 13, 2022

Bolivia Electric Vehicles to tackle air pollution

By any standard, Bolivia’s city of Cochabamba is polluted. It has the dirtiest air in the country – and ranks among the most polluted cities in all of Latin America. So a transition away from fossil fuels there cannot come too soon. CGTN’s Monica Machicao […]

July 13, 2022

The science behind cell-based meat gene editing

With brands like Impossible Foods and Beyond Burger, the global plant-based food market is forecast to be worth 79 billion dollars by 2028, but there’s another type of unconventional meat that could factor into the equation. It’s called cultivated meat. Mark Niu takes us to […]

July 12, 2022

Amazon expects major sales during Prime Day events

Amazon is expected to increase sales from its annual Prime Day discounts over the next couple of days after suffering a net loss earlier this year.

July 1, 2022

CGCC: Chinese businesses in U.S. feel strain

The China General Chamber of Commerce – USA (CGCC) released an annual survey report on Chinese enterprises in the U.S. on Thursday. Find out more.

June 29, 2022

Recession worries grow as U.S. first quarter GDP falls short

Amid rising inflation and growth forecasts already dramatically scaled back, there’s growing concern that the economy is headed for trouble next month.

June 29, 2022

Region blighted by drought, water contamination now being used for lithium source

The Salton Sea in the U.S. state of California was once the center of a resort town, before grappling with decades of water contamination and drought.

June 22, 2022

Fed chairman remains committed to getting inflation down

U.S. central bank chairman Jerome Powell was under fire from federal lawmakers on Wednesday over soaring prices of all goods and services. Powell suggested more inflationary surprises could be on the horizon.

June 21, 2022

El Salvador continues to buy Bitcoin as prices crash

See what Bitcoin’s crash means for El Salvador, the first country in the world to adopt Bitcoin as legal tender.

June 20, 2022

Argentinian beef producer invest in education for local workers

A beef production company in Argentina has created a program to bring many of its workers the secondary education that many lacked. Take a look at how the program works and what CGTN’s Joel Richards discovered when he spoke with staff and managers.

June 20, 2022

Major corporations face backlash for attempting to co-opt Juneteenth

People across the U.S. and beyond are this Monday marked the second official Juneteenth federal holiday.

June 20, 2022

Possible strike for West Coast port workers could worsen supply chain crisis

Port and dock workers on the U.S. West Coast are promising not to go on strike amid negotiation difficulties. But, if a strike were to happen, the situation would exacerbate the already tricky supply chain crunch and could have an impact on the U.S. economy. Here’s what could happen.

June 18, 2022

Fed rate hike could price millions out of housing market

See what Fed rate hike means for home buyers in the U.S.

June 14, 2022

U.S. officials look to rein in rampant inflation

The U.S. Federal Reserve is expected to increase interest rates by at least half a percentage point on Wednesday.

June 6, 2022

New developers look for opportunities in the Metaverse

Since the pandemic began, work for millions of people around the world has been transformed by video applications like Zoom. But for the pioneers of the metaverse, this is just the start of a revolution.

June 3, 2022

U.S. economy added nearly 400,000 jobs in May

The inflation crisis is making life more expensive for everyone,but U.S. employers seem undeterred and helped the economy add 390,000 jobs in May.

June 3, 2022

Inflation remains a big concern in Brazil

Brazil’s economy grew 1% in the first quarter of the year, but soaring inflation continues to hurt the country. Find out more.

May 25, 2022

Learn about Meru, the Alibaba of Latin America

See how a Mexican B2B ecommerce company connects Chinese manufacturers directly with independent businesses in Latin America.

May 9, 2022

Chinese owned business succeeds through sustainability, plastic recycling in US

Sunfiber has helped reverse some of the economic hardship here. Two production lines run 24 hours a day. They employ about 200 U.S. staff and about 20 Chinese employees.

May 2, 2022

Demand for doomsday bunkers spike amid Ukraine conflict

Many are anxious the clash with Russia could easily spiral out of control, dragging more countries into direct confrontation with the world’s largest nuclear force.

April 26, 2022

World reacts to Elon Musk buying Twitter

People around the world have mixed reactions about Elon Musk buying Twitter. Find out more.

April 24, 2022

Dwellings offer guests unique experience in the outdoors

The COVID-19 pandemic has spurred demand for outdoor experiences and lodging. Hotels offering a stay in a yurt are seeing a rise in interest and revenue.

April 15, 2022

TikTok users in Brazil defecting to new Chinese app Kwai

A new Chinese platform for short videos is gaining popularity Latin America recently. Learn more.

April 14, 2022

Tiny homes market picks up steam in San Francisco

The San Francisco Bay Area regularly tops the list as one of America’s most expensive housing markets.

April 14, 2022

E-Bike sales surge in Brazil

Brazil is seeing a spike in E-Bike sales, as more people turn to electric-powered vehicle.

April 14, 2022

Mexico’s Queretaro city invest in aerospace industry and training

The COVID-19 pandemic hit many industries hard. Among them, is the aerospace industry – which includes commercial airliners and space rockets.

March 30, 2022

Luxury home sales boom as market rebounds

Real estate experts say, for many people, the coronavirus pandemic triggered a desire to change their lifestyles.

March 30, 2022

Economists warn of possible housing bubble despite market growth

Housing bubble: it’s a phrase that can make new home buyers break into a cold sweat – especially in this market.

March 26, 2022

Argentina and IMF reach preliminary $45 bln deal to resolve debt

By reaching a new deal with IMF on Friday, Argentina’s government now hopes for much-needed economic stability, but challenges remain. Find out more.

March 26, 2022

Thousands of gamers in San Francisco for in-person event

Thousands of gamers arrived in San Francisco for the first in-person Game Developers Conference in two years. Find out more.

March 24, 2022

U.S. reinstates tariff exemptions on 352 Chinese imports

The U.S. has reinstated an exclusion on some 352 tariffs on Chinese imports from bicycles to binoculars into the U.S. Find out more.

March 22, 2022

Interactive “Arcadia Earth” art exhibit showcases AR experience of Earth

It’s a highly visual and interactive experience that looks at the impacts of climate change and provides simple steps every single one of us can take to tackle the problem.

March 19, 2022

Chinese car companies charge into Brazilian market

See how Chinese electric vehicle companies are targeting South American market expansion.

March 19, 2022

Fed interest rate rise affects emerging markets

As U.S. interest rates go up, they’ll likely also impact emerging markets. Most countries are recovering more slowly from the pandemic than the U.S. So the rate move further complicates a difficult economic environment for many nations.

March 19, 2022

Major financial monitors warn of economic cost of Ukraine crisis

The conflict between Russia and Ukraine threatens to cost the global economy about $1 trillion in lost output this year, the IMF warns. The Fund has already downgraded growth for major economies.

March 14, 2022

How can the U.S. Federal Reserve keep the economy on a growth track?

Global Business will take a closer look at the Federal Reserve and bid to keep the economy on a growth track in a special five-part series.

March 11, 2022

Cuba’s economy hurt by closure of European airspace to Russian planes

The effect of Western sanctions on Russia has rippled across the world as the global economy struggles to recover from the COVID-19 pandemic. Cuba has been harder hit than most countries because of its dependence on Russia.

March 11, 2022

Americans feel impact of Russia sanctions at gas pump

Americans feel the pinch of the U.S. cutting off purchases of Russian oil. Due to higher taxes, environmental laws, and location, California’s gas is the highest in America. Government officials is looking for ways to provide relief.

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