Global Business

Apple rolls out credit card in US

Public USTR hearings on impact of potential tariffs on $300B in Chinese goods wrap up

The message from a range of U.S. businesses to the Trump administration: no more tariffs, please.

Brazil moves to privatize infrastructure with Chinese investment

Brazil is planning to privatize a big part of its infrastructure this year: billions of dollars’ worth of airports, railways and other assets. And China is expected to be a key investor.

Eco-fashion becomes new trend for environmentally conscious designers

As eco-conscious fashion appears more frequently on the streets of Mexico City, the hope is that its message will resonate far beyond couture culture.

Leading with purpose at Forbes Women’s Summit

For female entrepreneurs, there’s much to celebrate.

Trade tensions rippling through US outdoor recreation companies

Manufacturers and retailers who make and sell a variety of products used for outdoor recreation are facing major difficulties due to the trade war between the U.S. and China.

US Federal Reserve holds interest rates steady for now

U.S. interest rates remain unchanged in June, though the Federal Reserve did hint of future cuts.

Facebook unveils new Libra cryptocurrency

Facebook has confirmed it’s launching a new cryptocurrency that it hopes will become as big as the U.S. dollar. Mark Niu reports on the new currency.

Proposed fur ban chills New York industry

Fur may be going out of fashion in the U.S. Los Angeles and San Francisco have banned the sale of fur. Now, the epicenter of the American fur industry is considering the move and that could leave one side or another out in the cold.

Washington opens hearings on new duties on Chinese goods

Businesses from across the U.S. are calling on the Trump administration not to move ahead with additional tariffs on $300 billion of Chinese goods. Giles Gibson has more.

Turning sour: California wine growers feel tariff burden

California wine producers are putting their expansion plans in China on hold.

Chinese companies in the U.S. impacted by trade tensions

More than 600 companies are urging U.S. President Donald Trump to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers. They signed a letter to Trump on Thursday, just the latest of many sent by the national campaign group known as ‘Tariffs Hurt the Heartland.’ The tariffs are also set to impact many Chinese companies operating in the U.S. And that includes CRRC Sifang America, a Chinese railcar manufacturer.. as CGTN’s Dan Williams now reports

The economics of malnutrition: Pakistan’s stunted growth

Almost half of Pakistani children under the age of five suffer from stunted growth due to chronic malnutrition. Neither the body nor brains of these children develop as they normally should prompting health experts there to call for greater efforts at intervention. Our correspondent Danial Khan has more from Islamabad.

Chilean winemakers revive ancient vines

Chile is working to save ancient vineyards planted by Spanish explorers centuries ago, as well as resurrect old wine-making techniques.

US investment conference draws fewer Chinese delegates amid trade tensions

The number of Chinese delegates at a major foreign direct investment conference in Washington, D.C. has fallen for the second year running, as the U.S.-China trade war continues.

Tariffs force US furniture retailers to cut their cushion

When the Trump administration hiked tariffs on Chinese imports last month, many American businesses took the hit. Ten perent levies on 200 billion dollars’ worth of Chinese products shot up to 25%. Now retailers and customers are paying the price.

Conservation effort ensures the future of agave plant

Tequila is Mexico’s most popular liquor, with demand on the rise from across the world. But there are worries about the health of the industry, tied to commercial production of its base plant, the agave.

Chinese firms have strong showing in BrandZ Top 100 list

This year’s list of the world’s 100 most valuable brands has been released. And there is a new number one.

Robots in the kitchen: Automation quickly creates an American classic

At San Francisco’s Creator restaurant, big lunch crowds line up to taste a burger made by a one-of-a-kind chef.

Chinese firms fear less welcoming business environment amid trade tensions

A new survey from the China General Chamber of Commerce says U.S.-China trade tensions are a barrier to Chinese investment in the U.S.

Date Set For Huawei Extradition Hearing

China is ramping up its 5G rollout by granting 5G licenses to four state-owned companies. That will also benefit telecoms firm such as Huawei, which is manufacturing 5G equipment. Jim Spellman reports on the latest developments around Huawei, which has been facing pressure from the United States.

Startup helps connect inmates with their loved ones

Critics say the U.S. prison system makes money from keeping people incarcerated. That’s why a new startup making money by focusing on rehabilitation is drawing attention.

Avocado prices could soar if Trump’s Mexico tariffs take effect

Mexico’s agricultural producers are closely watching trade talks taking place in Washington D.C. over U.S. President Donald Trump’s threat to impose tariffs on all Mexican products entering the United States. If the tariffs do go into effect, prices could soar for one of Mexico’s most important agricultural exports.

California fights U.S.-China trade tensions with networking forum

The U.S. state of California says it’s being hurt by the U.S.-China trade war. Farming exports have dropped, and manufacturing jobs have been scaled back. That’s why hundreds of people gathered in Los Angeles for a forum aimed at boosting trade.

California hopes to boost partnerships, trade with China as trade war hurts state

The U.S. state of California said it’s being hurt by the ongoing trade war between Beijing and Washington.

Some US farm equipment retailers despite sales drop

US farm equipment retailers experience sales drop

U.S.-China trade tensions and low commodity prices are stunting growth for U.S. agriculture. Still, some equipment retailers are finding reason to be optimistic.

Report: Lower-income Americans feel the pain of tariffs the most

Walmart, the world’s largest retailer, recently warned prices at its U.S. stores will likely rise.

Apple caught in the crossfire of US-China tariff exchange

Apple CEO Tim Cook has lobbied the Trump administration in hopes of minimizing the impact of the trade war.

NBA uses basketball diplomacy to bring US and China closer together

One of the world’s biggest and best known sports leagues is using basketball diplomacy to help ease trade tensions between Washington and Beijing.

Apple Worldwide Developers’ Conference 2019 unveils powerful new products

CGTN’s Mark Niu has the latest Apple announcements from the firm’s annual Worldwide Developers’ Conference.

US Chinatown stores plan to raise prices to cover additional tariffs

In the US, retail stores are starting to feel the pinch of increased import tariffs against Chinese goods. Karina Huber is in New York’s Chinatown with more.

‘Zero waste’ grocery stores shaking off plastic

If you’re trying to avoid plastic at the supermarket, there are a growing number of options. Karina Huber has more on the zero-waste trend.

Augmented Reality technology gains traction in new markets

While AR glasses have made inroads in enterprise, companies are still having trouble finding the right fit for ordinary consumers.

US to ramp up tariffs on Mexico over immigration

The move, announced by tweet, would impose a 5 percent duty on all goods beginning June 10 and would rise by 5 percent a month unless the U.S. sees’s a drop in migrant flows across the Southern Border.

Iconic TWA terminal reborn as retro-glamorous TWA Hotel

Now, thanks to a $265 million renovation, an iconic terminal designed by a noted architect from that era has been transformed into a boutique hotel that takes travelers back in time.

Huawei looks to Brazil for market growth

Chinese tech giant Huawei, in a battle with the U.S. government, is making a comeback in Brazil.

Startup launches global secondary market for sports betting

One year after the U.S. Supreme Court legalized sports betting, entrepreneurs are taking on the risky business. And there’s a startup claiming it can help bettors, make more strategic decisions.

Huawei customers in Colombia fearing impact of US ban

Colombia has an estimated 6.8 million people asking the same question what will the U.S. restrictions mean for Huawei cellphone users.

Huawei ban may impact rural US Midwest mobile operators

Nemont Telephone Cooperative relies on Huawei equipment. The Trump administration and the Federal Communications Commission argues that is a security risk and want it removed.

Disney modifies films over racism and sexism criticism

Part of Disney’s problem is its age: it’s been around for the best part of 100 years and generations have grown up watching its characters. But as times have changed, it’s become clear that some of its characters are not appropriate in the modern day.

Trump tariffs hit small business in the United States

While U.S. businesses come to terms with the now 25 percent tariffs on $200 billion worth of Chinese imports, many companies are concerned about yet another round of possible tariffs. CGTN’s Hendrik Sybrandy reports on one business in the state of Colorado very worried about that.

US-China Governors Collaboration Summit fosters trade ties

The fifth U.S.-China Governors Collaboration Summit is taking place in Lexington, Kentucky. Local leaders from both sides from both sides are meeting amidst global trade tensions. Mike Walter reports.

US businesses demand carbon tax

Seventy-five businesses with a combined market cap of $2.5 trillion are calling on the U.S. Congress to pass a carbon tax – to combat climate change.

Trump announces $16B bailout for US farmers hit by trade war with China

For the second time in a year, the U.S. government is giving bailout money to farmers. U.S. President Donald Trump announced 16 billion dollars. The money is to help the rural U.S. cope with the U.S.-China trade war.

US-China tariffs hit furniture industry

Although furniture manufacturing has spread to many countries besides China, one retailer in the state of Colorado predicts the new tariff increase will hit it and consumers.

Huawei says it will succeed despite US government restrictions

Huawei’s founder and president Ren Zhengfei says the company will succeed despite U.S. government efforts to block access to U.S. technology.

Game of Thrones finale marks end of an era in TV

After eight seasons, the last episode of the record-breaking series has aired.

Bruce Lee’s final project, ‘Warrior,’ makes it to air

He’s one of the world’s most iconic movie stars – but even Bruce Lee struggled against racism in Hollywood. Back in the 1970s, a TV show he pitched starring himself as the martial arts lead was rejected… with great suspicion that studios wouldn’t cast an Asian man in a leading role.

Uber slump after IPO points to concern about business model, profitability

It was all smiles as Uber executives rang the opening bell at the New York Stock Exchange on the day of the company’s initial public offering. But out on the trading floor, there were whispers about its finances and business model.

Immigrants fill truck driver shortage gap in Colorado

A current truck driver shortage in the U.S. is projected to become only more acute in the years ahead. But now, immigrants from among other places, including Africa, are helping fill the need. CGTN’s Hendrik Sybrandy reports from the state of Colorado.

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