Global Business

Venezuela recession forces some to subsistence fishing

October 30, 2019

US Federal Reserve uses repo market to boost market liquidity

For now, though, there’s little evidence the volatility is foreshadowing an impending crisis the way a sudden tightening in the repo market did in 2007.

October 30, 2019

Fantasy football’s surging popularity spawns new tech startups

It’s a thriving industry that has become nearly as big as the games themselves: Fantasy Sports. Topping that list of moneymakers is Fantasy Football, based on the American game.

October 29, 2019

Boeing chief executive denies cover-up over twin disasters

U.S. lawmakers have accused Boeing’s Chief Executive of overseeing a cover-up in safety flaws that led to two fatal crashes.

October 29, 2019

Drug companies bring new treatments to Chinese expo

In less than a week, China will hold its second import expo in Shanghai. World leaders are set to attend an opening ceremony. The expo this year features more exhibitors and a bigger exhibition park.

October 28, 2019

US Millennials are sinking in debt

U.S. Millennials are falling behind when it comes their net worth. Burdened by student debt and rising healthcare and living costs, while facing stagnant wages, many are finding it hard to get by, let alone save for a rainy day.

October 28, 2019

Failing farms in Mexico find new life in winemaking

As Mexico’s wine culture grows, it’s providing economic stability to a region positioning itself as North America’s next big wine country.

October 28, 2019

UK Prime Minister Boris Johnson loses his bid for an early election

Boris Johnson will launch his fourth attempt for an early general election tomorrow after losing yet another vote in parliament. The government failed to get the two thirds majority needed to force an election in December.

Second round of Uruguay’s presidential election to be held on Nov. 24, 2019

October 28, 2019

Second round of Uruguay’s presidential election to be held in November

Uruguay is heading to the second round of presidential elections in November. That’s after no candidate reached a 50% plus 1 majority in Sunday’s vote. It was one of the tightest races since the center-left Broad Party came into power more than a decade ago.

October 25, 2019

Former Mexican mining boomtown revived by tourism

In the Americas, the history of many towns and cities followed a boom and bust cycle of local industries. Some of those towns are forgotten forever, but some bounce back, if conditions allow.
CGTN’s Alasdair Baverstock reports on the newfound prosperity of one small town in Mexico and the forces that helped it rise from the ashes.

October 25, 2019

Cuban government implements new measures to boost the economy

The Cuban government has implemented new measures in a bid to boost the economy, amidst economic and financial tensions due to internal, inefficient management and strengthening U.S. sanctions.

October 25, 2019

Economic crisis could upend Argentina presidential election

Argentina’s President Mauricio Macri is hoping to win a second term in the presidential elections on Sunday. But with the economy in crisis, he’s facing a formidable challenger.

October 24, 2019

Argentine President Macri fights for political survival in election

When Mauricio Macri won Argentina’s presidency in 2015, he was hailed as a pragmatic pro-business leader who would kick-start the country’s spluttering economy. Nearly four years on, Macri is seeking re-election and could be on the verge of a historic first-round defeat because of the economy’s failings. Joel Richards has this report.

October 24, 2019

Telecom companies show off latest innovations at Mobile World Congress

The world’s largest exhibition for mobile technology is underway in Los Angeles. The Mobile World Congress brings together some of the biggest telecommunication firms from around the world, in a three-day exhibit to showcase their latest tech advances. CGTN’s Ediz Tiyansan reports

October 23, 2019

Russian and African leaders see potential for economic cooperation to grow

Russian President Vladimir Putin says Africa is becoming increasingly attractive for Russian businesses. He was speaking at the first ever Russia-Africa forum, where billions of dollars in deals are due to be signed.

October 22, 2019

Top tech companies step up commitment to reaching climate change goals

For people concerned about climate change, the Trump administration has been worrying. But where the U.S. government has stepped back, U.S. companies have stepped up.

October 18, 2019

California to ban smoking in public parks and beaches starting 2020

Starting next year, California will ban smoking cigarettes, cigars, pipes, or vaping devices in any of its state parks or beaches. The state hopes to provide healthier and cleaner environments for its people, wildlife, and fish.

October 18, 2019

High-tech methods deployed to stop methane gas emissions

Methane is a very potent greenhouse gas, and if it leaks it can be dangerous, but finding those leaks can be difficult. It’s a serious problem that many companies involved with the oil and gas industry are busy trying to address. However, a new array of technologies offer potential solutions. CGTN’s Hendrik Sybrandy reports.

October 18, 2019

Forever 21 not forever anymore after filing bankruptcy in changing retail landscape

35 years after launching in Los Angeles, U.S. retail giant Forever 21 declared bankruptcy in September announcing it will close around 350 stores in 40 countries.

October 18, 2019

Giving activists the power to change laws

Amanda Nguyen is a civil rights activist using a startup approach to affecting change. A traumatic personal experience lead Amanda to start her own non-governmental organization called Rise.

October 18, 2019

Nobel Prize recognizes change-makers, but struggles to bring about change itself

Criticism grows over the lack of diversity among winners of the most prestigious award in the world.

October 18, 2019

Tech companies seek markets outside of China

In the trade war, Chinese imports to the U.S. were hit with a new 15% tariff in September. Everything from smartwatches to smart speakers were on the list. Some tech companies are looking outside of China for options.

October 15, 2019

Fresh hopes for resolution of GM workers strike

There is fresh hope that the General Motors strike could be resolved this week. United Auto Workers leaders from GM facilities across the U.S. have been summoned to a national meeting on Thursday in Detroit.

October 15, 2019

IMF reduces growth forecasts over trade battles

A year ago the IMF was touting what it called steady growth. But trade wars waged by the Trump administration with partners such as China have taken their toll—and backfired on the U.S.

October 14, 2019

California law defies NCAA’s multi-billion dollar business model

The state of California set a precedent by passing a bill that allows student athletes to have the rights over their name, image and likeness.

October 11, 2019

Mexican hotel offers insight into indigenous living

The indigenous culture around the world is often left behind amid development and globalization.

October 11, 2019

Rio de Janeiro hosts 4th BRICS film festival

As host of this year’s BRICS summit next month, Brazil was also the site of the 4th edition of the BRICS film festival.

October 10, 2019

Living walls growing in prominence in urban areas

At San Francisco’s Museum of Modern Art – SFMOMA-one of the most popular works is neither a painting nor a sculpture.

October 9, 2019

Brazilian company takes farming innovation in an upward direction

This is a farm but not your usual kind. Everything here happens indoors and since the plants don’t have sunlight inside to grow.

October 9, 2019

Aluminum tariffs hit craft beer brewers at Denver’s Beer Fest

The cost of imported aluminum which is used to can beer, was slapped with a 10 percent tariff by the U.S. in March of last year.

October 9, 2019

US-China trade talks: American soy and corn farmers hope for reprieve soon

Trade talks between China and the U.S. are set to resume in Washington on Thursday. There are media reports suggesting China may seek a partial deal – that would include increased purchases of U.S. agricultural products.

October 9, 2019

Mark Zuckerberg to appear before Congress on Facebook currency plan

Waters has called Libra “a new Swiss-based financial system” that potentially is too big to fail and could require a taxpayer bailout.

October 8, 2019

Future of Robotics: New technology emerges at Silicon Valley’s RoboBusiness

Robots are increasingly moving into the workplace. But they’ve still got a long way to go before being able to perform many jobs as well as humans CGTN’s Mark Niu reports. Someday, a police officer could pull you over and hand you a ticket in a very […]

October 8, 2019

New International Monetary Fund head warns of “synchronized slowdown”

The new head of the International Monetary Fund said the fallout of current trade battles could last a generation.

October 7, 2019

Businesses in China suspend ties with Houston Rockets after GM shows support for Hong Kong protests

The general manager of the NBA team Houston Rockets has apologized for his recent comments on Hong Kong. The comments sparked huge controversy in China over the weekend. CGTN’s Wang Guan explains.

October 7, 2019

Gates Foundation says inequality remains a big challenge

The Goalkeepers event kicked off in New York with an award show highlighting people who are working to tackle issues contributing to global inequity.

October 7, 2019

Colombian coffee growers find sustainable ways to make profit

An estimated 25,000 families, whose livelihoods depend on coffee cultivation, have opted to leave the industry or use their land for something else as the price of coffee drops.

October 4, 2019

Leaders in innovation, culture gather for TechCrunch’s annual Disrupt event

Tech news site TechCrunch is wrapping up its annual Disrupt event, where leaders in innovation and culture come to inspire and reveal their latest projects. One theme emerging is transforming transportation. Mark Niu has more from the event.

October 4, 2019

Gig economy: Uber launches new app to connect employers with temp staff

Uber has launched a new app designed to connect workers with employers looking for temporary staff. Uber Works is being offered first in Chicago, before expanding to other cities. But as CGTN’s Dan Williams reports, the move comes with new challenges.

October 3, 2019

Vegan entrepreneur turns passion project into meatless mission

A vegan entrepreneur is turning her passion project into a meatless mission, attracting meat-loving customers from across the United States.

October 2, 2019

Apps changing how people buy homes

Buying and selling a home can be one of life’s most stressful events.

October 2, 2019

Chinese cool on buying US properties

Chinese buyers have been the biggest foreign buyers of U.S. real estate for years but that could change as the dollar amount of U.S. purchases is expected to drop to an eight-year low.

September 27, 2019

Comic strip exhibition celebrates icons and heroes time forgot

A new exhibition celebrating 120 years of comic strip heroes has resurrected those who became victims of prejudice.

September 26, 2019

To fight effects of climate change, Los Angeles cools down its streets

Los Angeles uses an innovative material to cool its streets and prepare for climate change.

September 26, 2019

UN looks to harness power of artificial intelligence and big data

High-tech team is harnessing the power of big data and artificial intelligence to predict, monitor and respond to emergencies.

September 25, 2019

US claims victory over international postage reform

The UN says nearly 150 years of international cooperation for sending and receiving mail has been saved – but only after agreeing to U.S. demands for reform.

September 24, 2019

South Korean women turn away from marriage, motherhood amid money worries

For many, after the wedding comes children. But, in South Korea it’s stopping a growing number of women from getting married in the first place. And that’s putting increasing pressure on the economy.

September 23, 2019

Building mind and body among aging populations

With the world’s population growing older at a dramatic rate, one big challenge for policymakers is how to help people stay healthy and active – both physically and mentally.

September 20, 2019

Striking auto workers head into weekend with no deal in sight with General Motors

Workers want better pay, improved conditions for temporary workers, stronger healthcare benefits and job security.

September 20, 2019

Companies weigh costs – in dollars and relationships – of moving out of China

Colorado-based Otter makes a variety of outdoor gear, like coolers, along with things like water bottles. It’s primarily known for its protective smartphone cases. A lot of these products are made in China.

September 19, 2019

Clinical trial in US holds promise for sickle-cell patients

In our Inside and Out Segment, we focus on National Sickle Cell Awareness Month.

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