Global Business

New York’s LaGuardia soars amid $8B renovation

LaGuardia Airport in New York was built in 1939. A year later it became the busiest airport in the United States.

Streaming services for record industry to sing new notes

Some musicians say they’re barely scraping by on the small amount they receive in royalties, even with the best selling albums in the United States. Now, that’s changing.

LEGO plans to build on its success in China

Danish toymaker LEGO has opened a new flagship store in Beijing, and the company plans to double its presence in China this year. The company sees the country’s growing affluence as a good opportunity amid the growing gloom in the industry.

New opportunities for agriculture bloom in cleanrooms

Some call it the future of farming and in some places it’s already here. It’s called indoor vertical farms, an alternative to conventional outdoor agriculture and it’s being tried in Europe, Asia and the U.S.

Untangling New York City’s traffic gridlock issues

City officials said the current congestion fee will generate $1 million a day to fund subway improvements. Experts believe a cash injection is desperately needed.

Brazilian workers rush to file paperwork before pension reform bill passes

Brazil’s long-awaited pension reform bill is finally arriving in Congress. It’s crucial to boosting growth in the struggling South American economy. So, why are older workers rushing to retire before the bill becomes law?

Kim – Trump summit: Vietnam shows how former foes can develop deep trade ties

Once enemies, Vietnam and the U.S. have developed strong trade ties that could inspire a U.S – DPRK economic relationship

Jimmy Chin and Elizabeth Chai Vasarhelyi,

At Academy Awards women, people of color and international themes take home Oscars

The 91st Academy Awards have come to a close and this year, diversity won. Women, people of color and international themes were recognized across the board with a few unexpected surprises.

New York’s expensive real estate market now straining for growth

In New York, one of the most expensive places to live, the real estate market is showing signs of growth strain.

Cubans to vote on new constitution

More than eight million Cubans are expected to go to the polls this Sunday, to vote on a new constitution for the first time since 1976. That could reshape the country’s economic, social and political future.

Artisan chocolate brings economic boost to rural Mexico

In the poorest region of Mexico, one business has found success by tapping into a local tradition, and helping workers out of poverty along the way.

Researchers have found a way to speed up 3D printing

Traditional 3D printing happens layer by layer. But some researchers thought there must be a better way.

Women filmmakers snubbed at Oscars as gender disparity persists

The 91st Academy Awards are set to take place in Hollywood this Sunday, but once again, it’s being criticized for shutting out a very prominent demographic Female directors. Not one woman was nominated for best director this year

Progress reported in high-level trade talks in Washington

While no breakthrough is expected during the current round of high-level trade negotiations in Washington, progress is reported. Enough so that a March 1 deadline to reach an agreement could be pushed back.

Broadcast game shows find new audience on smartphones

TV game shows are tackling the age of the smartphone, in hopes of appealing to a new audience, with cash and prizes coming right to users’s phones.

China’s sci-fi movie ‘The Wandering Earth’ excites American moviegoers

China’ first sci-fi movie blockbuster “The Wandering Earth” has raked in over $440 million in ten days – putting it on track to become China’s highest grossing film.

Legendary fashion designer Karl Lagerfeld dies, aged 85

Legendary designer Karl Lagerfeld dies, aged 85. Among many notable achievements over half a century, he was Creative Director of two fashion greats, Chanel and Fendi.

Toy Fair wraps in New York: Biggest trends and potential return of Toys R Us

This year at New York Toy Fair, the buzz is all about the hottest toys, plus the industry is also talking about the potential return of global toy retailer, Toys R’ Us.

US, China resume trade talks in Washington ahead of deadline

The United States and China resume talks Tuesday aimed at ending a fight over Beijing’s technology ambitions ahead of a deadline for a massive U.S. tariff hike.

China accuses US of trying to block its tech development

The United States has not, however, released evidence to support its accusations that Huawei and other Chinese tech companies allow the Chinese government to spy through their systems. That has prompted some industry analysts to suggest Washington is trying to use security concerns to handicap Chinese competitors.

China sets development objectives for Greater Bay Area

Chinese authorities on Monday unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to develop the region into “a role model of high-quality development.”

IBM’s Think 2019 conference livestreams human-AI debate

Tech giant IBM’s annual Think conference is in full swing in San Francisco.

Sao Paulo Campus Party: Brazil celebrates tech entrepreneurship

Sao Paulo Campus Party is a big tech celebration with drones racing fans showing off their customized computers gaming with the latest advances and also start-ups looking to present their ideas.

Venezuelan electric engineer offers light bulb repairs amid rising costs

A new business has sprung up as a result of the economic crisis in Venezuela: light bulb repair shops. They operate in many open markets across the country, and make it possible for some Venezuelans to light their homes while also providing a living for those who do the repairs.

Struggling desert town turns to weed to help their economy

Some small US towns with struggling economies, are now looking to the growing cannabis industry for a turn-around.

China’s OnePlus smartphones grow US market share

Chinese smartphone brand OnePlus just became the fifth most popular high-end smartphone brand in the U.S., based on data from fourth quarter sales, according to research analyst firm IDC. CGTN’s Karina Huber has more.

Luxury watches help men make a statement

Luxury watches are a financial and emotional investment

In the quest to impress, sporting luxury watches as a status symbol. Nothing says wealth like a pricey time piece on your wrist.

Chicago Auto Show: Trucks stage comeback in US

The truck market in the U.S. has increasingly become big business. And experts predict that the sector offers further growth in the future.

Spring Festival rush boosted business for pet service companies

The annual Spring Festival travel rush doesn’t just mean going home for China’s ever-increasing number of pet owners. What does one do with his furry friends while going on vacation It turns out booking holiday space for pets can be just as big a job as buying tickets and getting through the throngs of travelers.

2019 Grammys: Women behind the music

Women may seem like they are running the Grammys this year. Alongside the female host, five of the eight nominees for the album of the year award are female, and six of the eight musicians competing for best new artist are also women, but the biggest gender disparity in music is behind the scene.

Number of big-name luxury brands say goodbye to use of exotic skins

Fur has been out of style for years at many fashion houses. Gucci, Burberry, Giorgio Armani and numerous others brands no longer use fur. This is considered a win for animal rights activists. Now their sights are set on lobbying against the use of exotic animal skins. CGTN’s Karina Huber has more.

General Motors to layoff over 4,000 staff as part of wider restructuring plan

This week, General Motors reported net income of two billion dollars for the fourth quarter of 2018. Strong sales of crossovers and pickups helped offset restructuring costs and losses overseas. It comes as the company began the process of laying off more than 4,000 workers.

Carmakers show off vehicles with latest tech at Chicago Auto Show

The Chicago Auto Show is the largest of its kind in North America. The event includes a ‘Concept and Technology garage’ an area that looks to showcase some of the latest developments in the auto industry.

Yanfeng Automotive Interiors predicts high tech interiors for autonomous cars

Automotive interior supplier Yanfeng made a splash in Silicon Valley by offering its prediction of what the inside of Autonomous cars will look like someday.

US sanctions on Venezuela take a toll on the oil industry

The Trump administration is playing down the impacts of newly announced sanctions on the Venezuelan oil company Petroleos de Venezuela SA (PDVSA) and its subsidiaries. But oil industry experts say they are already having dramatic impacts globally.

The pig takes center stage at New York City merchants

U.S. retailers are rolling out their Lunar New Year items featuring the pig, a symbol of good fortune and abundance. At the same time, merchants in Chinatown have had trouble getting their items in store on time for their biggest sales event of the year.

Chinese New Year becomes more popular in the United States

Lunar New Year is a huge event in China and other neighboring countries. But you’d be mistaken if you thought it was ignored elsewhere.

Malaysia dismisses environmental concerns caused by the palm oil industry

Malaysia works to combat environmental concerns about palm oil

Malaysia’s palm oil industry has been under fire for a few months. It has been blamed, particularly in Western countries, for the alleged damage to rainforests. Now the government is making huge efforts to dismiss their criticism.

New technology looks to make American football safer

Injuries have always been a hot topic for American football–an extremely physical, and many say violent sport. Some believe technology could help make it a safer and more enjoyable sport in the near future.

Nissan reverses plans to build new model X-Trail in UK amid Brexit uncertainty

Britain’s thriving auto industry, a major employer and contributor to the U.K. economy, sees itself as victim of Brexit’s uncertainties.

Super Bowl 2019: The return of LA Rams

Sports business experts are amazed by the rapid success of LA’s newly revived football market, as Rams returned to LA and to the Super Bowl.

World Bank vacancy presents Trump with an opportunity

The decision by the head of the World Bank to leave before his term ends has given Donald Trump a chance to impose his political agenda upon it.

Toxic smog hanging over Thai capital chokes city’s tourism industry

Bangkok, the most visited city in the world, these days is also one of the most polluted

US outdoor recreation industries find selves in crossfires of trade tensions

While U.S. and Chinese trade negotiators put their heads together in Washington, members of the U.S. outdoor recreation and snow sports industries are gathering for a big trade show in the state of Colorado. Parts of those industries have been hit hard by U.S. tariffs on Chinese imports. CGTN’s Hendrik Sybrandy reports from Denver.

US universities distancing themselves from Huawei

As Chinese tech giant Huawei faces allegations of theft and fraud, some US universities also find themselves in an awkward situation. Under the National Defense Authorization Act signed by US President Donald Trump in August, both Chinese equipment and partnerships with Chinese tech companies are under scrutiny.

Huawei’s Meng Wanzhou appears in court in Canada as US seeks extradition

Huawei’s chief financial Officer Meng Wanzhou will find out in March whether a Canadian judge approves of extradition proceedings to transfer her to the U.S. She appeared in a Vancouver court Tuesday – as she faces charges of bank and wire fraud in the United States. She denies any wrongdoing.

Rio de Janeiro becomes world’s capital of architecture

Rio de Janeiro was recently named the ‘World Capital of Architecture’ for 20-20. The award is the first of its kind by UNESCO. And, it’s intended to highlight sustainable urban development

Forum takes on challenges Africa faces in foreign investment in tech sector

The African Diaspora Investment Symposium brought together Africans, African diaspora and investment experts in California — to focus on fostering sustainable growth on the continent.

Venezuela migration crisis leaves ghost towns behind

Almost one-tenth of Venezuela’s population has fled the country’s economic crisis. Real estate groups say the Caracas rental market is operating at 5 percent of its potential, some said cities across the country are on the verge of becoming ghost towns.

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