Global Business

Last Blockbuster video store in Oregon state

Last Blockbuster video store in Oregon state

US universities offer programs to nurture entrepreneurship

It’s become a big focus for U.S. colleges: helping students become entrepreneurs by giving them the tools they need to form successful businesses. According to one study, the share of incubator programs associated with universities has now grown to 42 percent.

Italy’s economy in 2018: Political uncertainty, policy controversy dampens growth

Italy had a bumpy year of 2018 in boosting growth with its political uncertainties and controversial migration and economic policies.

Hundreds of African migrants died in 2018 trying to reach Europe

Hundreds of African migrants died in 2018 trying to reach Europe

One of the most pressing global issues this past year was the ongoing migration of tens of thousands of people from the developing world to other nations deemed to be more stable and more wealthy.

Brazil’ 2018 in review: Economic challenges for Bolsonaro, the Trump of the Tropics

On the first day of 2019, Jair Bolsonaro will take the reins of a country which is still recovering from one of its worst recessions in history. Bolsonaro promised to “make Brazil great again,” but it’s far from clear exactly how he will do it.

Spirited economy sours for U.S. distillers caught in trade war

There’s not much time to let off steam when you’re distilling award-winning spirits in rural Virginia. Catoctin Creek made its name in rye whiskey, but a sour trade climate has been disastrous.

Future of Farming: Indoor Farming Provides Alternative for Traditional Agriculture

Future of Farming: Indoor Farming Provides Alternative for Traditional Agriculture

Some call it the future of farming but it’s already here. Indoor vertical farms are being tried in Europe, Asia and the US. and providing an alternative to conventional outdoor agriculture.

China's growing economy

New negative list gives firms equal treatment in market access

China took further steps in opening up its market to domestic and overseas investors Tuesday by announcing a negative list for market access (2018 version), an institutional innovation to be applied across the country.

7-year-old YouTube star makes $22M a year with play videos

7-year-old YouTube star makes $22M a year with play videos

Ryan is this year’s top YouTube star according to Forbes, which estimates he’s earned $22 million in just one year.

China holds key economic meeting to plan for 2019

The annual Central Economic Work Conference was held in Beijing from Wednesday to Friday, as Chinese leaders charted course for the economy in 2019, a key year for the country to achieve its goal of building a moderately prosperous society in all respects by 2020.

Several Marvel heroes axed from streaming giant Netflix

Several Marvel heroes axed from streaming giant Netflix

Finally, Marvel’s universe looks set to downsize: a number of its big heroes have had their TV shows cancelled by Netflix. The likes of Daredevil and Iron Fist have been axed, despite their popularity with fans. CGTN’s Phil Lavelle reports from Los Angeles.

$27B US Toy industry threatened by tariffs

$27B US Toy industry threatened by tariffs

The shopping season is on in America as the countdown to Christmas looms. On many family’s lists: toys. Americans spend roughly $500 on toys, per child, every year. The majority are made in China.

‘Porch pirates’ make off with packages at the holiday

It’s become a major problem, particularly around the holidays and especially in the U.S. – the theft of packages from outside people’s homes. One report found that porch pirates stole packages from almost 26 million Americans in 2017 alone. And one estimate puts losses due to package theft at more than $1 billion a year.

China changes impact US holiday recycling

Tis the season to shop, ship, and open gifts. But this time, it’s going to be harder to recycle all that holiday wrapping paper and packaging. The reason – China has stopped buying certain kinds of scrap, and more changes are on the way in 2019.

Goodyear quits Venezuela, says US sanctions make business impossible

Hyperinflation, price controls, and an economic contraction have also hampered the automobile industry there with car parts in short supply.

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China plans further trade talks with U.S. in January

China’s Ministry of Commerce (MOFCOM) said Thursday that there are plans to hold further trade talks with the U.S. in January 2019, adding that both sides have been closely communicating on details of the future meetings.

Renting living Christmas trees for greener holidays

Renting living Christmas trees for greener holidays

Renting live Christmas trees gains popularity in Mexico.

Elon Musk shows off high-speed tunnel beneath Los Angeles

The Tesla founder, Elon Musk, has shown of a section of underground tunnel beneath Los Angeles which he says is the first step in revolutionising travel. It would allow cars to travel at speeds of more than 200 kilometres an hour. But progress has been slow- as CGTN’s Phil Lavelle reports from LA.

US Fed raises key interest rate again – signals rate hike slowdown in 2019

The U.S. Federal Reserve raised its key interest rate again.

China's Didi chases Uber to Mexico

China’s Didi chases Uber to Mexico

As ride-hailing service DiDi Chuxing successfully chases Uber off its home turf, the tech giant has chosen Mexico as its next battleground.

Workers fight to save General Motors plant in Canada – along with their jobs

The company plans to shut down the facility and four others in the United States as part of a restructuring.

China’s economy: 40 years of reform

China’s economic reforms and opening up to foreign investment changed the world. 40 years on, it does business in every corner of the world, but relations with its most important trade partner are precarious.

Disney’s trademark of Swahili phrase “Hakuna Matata” sparks debate on cultural copyright

Disney is taking center stage in a debate over cultural copyright. A phrase from a blockbuster film is raising questions- over whether one can get the rights to profit from someone else’s culture.

Electric vehicle company Faraday Future face a bumpy road ahead

Faraday Future, the California-based Electric Vehicle Company that’s backed by Chinese investors, is in financial turmoil. CGTN’s Mark Niu has more.

Ongoing US-China tensions and talks leave crops to rot

The U.S.-China trade war is taking a toll on U.S. farmers. Many are writing off their soybean crops because of a combination of bad weather, a lack of storage and a distressed market.

Dubai job market struggles more to compete with regional rivals

Dubai has long been seen as a business hub in the Middle East. But there are signs that its economic recipe for success might be facing new challenges.

Canada’s Chinese community voices support for Huawei CFO Meng Wanzhou

Huawei CFO Meng Wangzhou has drawn strong support from Vancouver’s large Chinese community.

White House unveils Africa strategy

U.S. National Security Advisor John Bolton calls the spending spree by Beijing a wake-up call to Washington. Africa, he said is strategically important to the United States.

MOFCOM: China, US reach consensus on some trade issues

China and the U.S. have reached consensus on some areas in their trade negotiations including agricultural products, energy and automobiles, China’s Ministry of Commerce (MOFCOM) said on Thursday.

A more people-centered internet: Developers plan for the new digital future

A more people-centered internet: Developers plan for the new digital future

Inventor of the World-Wide Web Tim Berners-Lee and one of the ‘Fathers of the Internet’ Vint Cerf recently spoke at a conference in Silicon Valley about their vision of what the digital future should be.

Trump ready to step into Huawei extradition storm

U.S. President Donald Trump has upped the ante on the Huawei case after suggesting he’d intervene to save talks aimed at resolving a trade war with China.

Tencent Music prepares to launch its IPO at the NYSE

Tencent Music prepares to launch its IPO at the NYSE

On Wednesday, Tencent Music is due to go public on the New York Stock Exchange. It’s expected to be one of the biggest Chinese initial public offerings of 2018. Its listing comes after one of its early investors claimed the company threatened him into selling his equity stake.

Cuba Launches 3G Mobile Network

Cuba Launches 3G Mobile Network

Cuba launched a 3G mobile network to meet a long-time local demand, though the people still consider prices too high for the average pockets.

Chinese court grants Qualcomm an injunction against Apple

Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the importation and sale of several Apple Inc iPhone models in China that the court found violated two of Qualcomm’s patents.

US cattle ranchers decoding Chinese rules for beef exports

A key to boosting beef sales there may be found in U.S. laboratories where researchers are poring over a list of growth-promoting or other compounds that China does not allow in its beef products.

Reigning Supreme: Streetwear brand leads with innovative marketing

Streetwear brands, like all retailers, want to make money but they’re careful not to turn off their customer base, which doesn’t like to appear mainstream. Wildly successful brand Supreme has managed to do both – stay relevant and make money – to the tune of a billion dollar valuation.

California startup helps to clear confusion surrounding lawful use of drones

Drones are expected to be huge sellers once again this holiday season. But some are asking questions now about whether the regulations surrounding their use are clear enough.

Hotels deal with repercussions after hygiene scandal in China

A major sanitation scandal across some luxury hotels in China has caused a trust issue for the sector. CGTN’s Yang Chengxi reports on what hotels are doing to fix this stigma.

Washington seeks “competitive edge” over Beijing technology

The Trump administration met with U.S. tech leaders, including CEO’s from Microsoft, Google, and IBM, to discuss advancing “American leadership in innovation.” The stated goals are comparable to Beijing’s effort to dominate high-tech industries of the future “Made in China 2025.”

Farmers in US Midwest start to see climate change impacts

Many countries have already been severely impacted by climate change. The U.S. Midwest has yet to fully experience the devastation climate change can cause. But weather patterns in the region appear to be changing.

NASA spacecraft arrives at asteroid after 2-year journey

NASA spacecraft arrives at asteroid after 2-year journey

NASA spacecraft OSIRIS-REX arrived at the space rock, to begin preparations for a first-ever sample collection and return from an asteroid.

China’s MOC spokesperson talks on economic, trade consultation with U.S.

A spokesperson for the Ministry of Commerce (MOC) said Wednesday that the latest meeting between presidents of China and the United States on economic and trade issues was “very successful.”

Xi -Trump dinner makes some headway in trade war

Shares in some of the world’s biggest carmakers have enjoyed a bright start to the week. That’s after the U.S. and China agreed on a truce in a damaging trade war.

Xi, Trump hold “very successful” meeting on ties, trade

Chinese President Xi Jinping and his U.S. counterpart Donald Trump held a “very successful” meeting here Saturday and agreed to continue to maintain close contact.

Cutting edge technology helps re-grow patient's injured finger

Cutting edge technology helps re-grow patient’s injured finger

Imagine losing part of your finger in an accident and trying to come to terms with it for the rest of your life. But what if there was a treatment that used your own body’s power of healing that could grow the finger back?

Cars at LA Auto Show shifts gears, focusing on technology under the hood

Carmakers switch from vehicles to services and technologies at LA Auto Show.

Energy policy under Mexico’s incoming President faces controversy, scrutiny

Rewind a couple decades, and Mexico was a top oil producing nation. But when Lopez Obrador takes office as Mexico’s new president, he inherits a state oil company, Pemex, in tatters.

Tourism soars in Africa as countries ease visa rules, diversify experiences

Tourism soars in Africa as countries ease visa rules, diversify experiences

Kenya Airlines recently launched the first non-stop service from Nairobi to New York City, hoping to entice more North American tourists with the direct route.

Mexican innovator uses algae to provide clean air

Using only algae, the sunlight, and a simple pump to push the air through it, the BioUrban purifier contributes the same amount of oxygen to the atmosphere as 400 trees.

G20 Priorities may lay elsewhere

G20 priorities may lay elsewhere

G20 leaders have begun arriving in Buenos Aires ahead of this week’s summit. Argentina hopes leaders will discuss and agree on key issues that affect the world economy and food security is one of them.

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