Global Business

IMF raises China’s 2024 growth forecast to 5%

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.

March 8, 2022

See how interest rates affect the stock market

See why interest rates have such a profound impact on the stock market.

March 8, 2022

U.S. bans all Russian oil and gas imports

Prices at the gas pump are likely to skyrocket even more in the U.S. as President Joe Biden institutes a ban on all Russian energy imports. See the latest.

March 8, 2022

Older Venezuelan women face greater economic hardship

The Venezuela government recently increased payments to pensioners from an average of $2 a month to nearly $30. But that’s not enough for older women, especially those without jobs.

March 8, 2022

How home exercise has evolved during the COVID pandemic

See how COVID has changed the fitness equipment industry in the U.S.

March 3, 2022

More companies back away from Russia due to Ukraine crisis

Russian actions in Ukraine have triggered an unprecedented number of companies to withdraw from Russia.

March 3, 2022

Colombian entrepreneurs look for new opportunities to succeed

A new world ranking says Colombians show a high level of entrepreneurial spirit.

March 3, 2022

Chinese Ambassador to US visit American factory

On his first visit to the factory on Tuesday, the Chinese Ambassador to the U.S., Qin Gang, took his time to speak to employees about their experience working for the company.

March 3, 2022

Federal Reserve chair testifies before lawmakers

Federal Reserve Chair Jerome Powell testified before lawmakers about financial conditions.

March 1, 2022

State of the Union: Biden and U.S economy

U.S. President Joe Biden will deliver his first State of the Union speech this Tuesday amid arguably the most dangerous geopolitical climate for decades. Russia’s attack on Ukraine has sent shockwaves across the globe, raising questions about what it means for stability and the international […]

February 28, 2022

More Americans likely to buy cryptocurrency

Americans are increasingly turning to cryptocurrency. Is cryptocurrency safe? Find out more.

February 24, 2022

The economic impact of the Russia-Ukraine conflict escalates

See how the Russia-Ukraine conflict is affecting the global economy.

February 23, 2022

Upcycling becomes growing trend in food industry

You’ve heard of recycling but what about upcycling? It’s becoming a buzzword in the food industry, referring to giving value to foods and food products you would normally throw away. This applies to things like banana peels, avocado pits and days-old bread. CGTN’s Frances Kuo […]

February 23, 2022

Mexico’s economy struggles to bounce back after pandemic recession

As countries around the world seek to bounce back from the economic devastation of the COVID-19 pandemic, we are seeing mixed results.

February 23, 2022

Electric motors gain popularity in boating industry

While the car industry has been shifting away from gasoline for years now, the boating industry has lagged behind.

February 23, 2022

China General Chamber of Commerce hold Lunar New Year gala

The China General Chamber of Commerce USA has kicked off the Lunar New Year with a celebration of business leaders.

February 12, 2022

Impact of inflation on the U.S. auto industry

Used car prices in the United States are at a record high, tied to that classic equation of supply and demand. Supplies are tight because production of new cars slowed amid chip shortages linked to the pandemic.

February 12, 2022

How supply chain issues are impacting on the computer chip industry

Their size is completely disproportionate to their importance to the global economy. Semiconductors or computer chips are used in just about everything – including whatever device you’re watching this on. But their supply chains have been disrupted during the pandemic. So, the world’s biggest […]

February 11, 2022

Inflation hits Valentine’s Day gifts

See how inflation hits roses and chocolates of Valentine’s Day.

February 7, 2022

See how inflation hits economies across the world

In the U.S., Americans are struggling with the highest inflation rate in four decades. Inflation was up 7 percent in December from a year earlier. The Euro zone also grappling with high energy prices. Consumer prices in the Euro area rose at a record rate […]

February 7, 2022

Argentina joins China’s Belt and Road Initiative

Argentina has announced that it is officially joining China’s Belt and Road Initiative. In doing so, it has become Latin America’s largest economy to formally join Beijing’s flagship infrastructure and investment project.

February 1, 2022

Disneyland California celebrates Lunar New Year

The world’s largest theme park operator is hosting a parade with dance troupes that tell the story of Mulan — a Disney character inspired by a Chinese legendary folk heroine.

February 1, 2022

California introduces law requiring residents to compost food scraps

In January, California became the second U.S. state after Vermont to require residents and businesses to start tossing their food scraps into separate bins for collection.

January 29, 2022

Brazilian farmers hope to sell pine nuts to China

Some farmers and exporters from Brazil are hoping to sell pine nuts to China. CGTN’s Paulo Cabral visits a farm outside Sao Paulo and see how farmers from Brazil view the Chinese market.

January 25, 2022

Global economic growth stalls as IMF warns over persistent inflation

January 25, 2022

New report details pandemic’s impact on growing global inequality

A new report by Oxfam details the extent of the pandemic’s impact on income inequality which has soared over the past two years.

January 11, 2022

U.S. central bank head pledges to curb inflation in second term bid

#JeromePowell looks set to be confirmed for a second term as head of the #FederalReserve. But amid surging #inflation, that may be the easy part, as CGTN’s Owen Fairclough reports.

January 11, 2022

Migrants sending money home become Mexican economic force

See how migrants sending money home have become an economic force in Mexico.

January 11, 2022

The World’s largest technology show wraps up in Las Vegas

The World’s largest technology show has wrapped up in Las Vegas, with 3,100 exhibitors showcasing more than 20,000 new products. CGTN’s Mark Niu sums up this year’s CES experience.

January 7, 2022

Thousands of tech companies show off latest gadgets at CES 2022

Here are the latest tech innovations at CES 2022.

January 6, 2022

CES 2020 kicks off in Las Vegas

CES 2022 kicks off in Las Vegas this week. While the pandemic forces this year’s exhibitors to keep socially distant in limited space, new tech is working to increase our activity into ever expanding worlds.

December 31, 2021

Venezuela’s economy outlook in 2022

Venezuela has been in recession since 2014, and hyperinflation since 2017. Will Venezuela’s economy recover in 2022?

December 15, 2021

Pizza and bagel prices hit by inflation

New York’s iconic pizzas and bagels are being hit by inflation and supply chain shortages.

December 15, 2021

Manhattan’s Chinatown makes a comeback after pandemic

Manhattan’s Chinatown was the first New York City neighborhood to feel the economic impact of the pandemic.

December 9, 2021

Robots could help mitigate the Great Resignation

There is a short supply of labor for certain positions in the U.S. amid COVID-19 outbreak. Some restaurants are turning to technology to do jobs they are having trouble hiring for. See how robots help mitigate the Great Resignation.

December 7, 2021

See why there is a shortage of Christmas trees in the U.S.

It’s harder to get a Christmas tree this year than in years past in the U.S. Low supply is pushing prices up by as much as 30 percent as compared to a year ago. Find out more.

December 4, 2021

More tech founders leaving helm of their firms in the U.S.

Twitter Co-founder Jack Dorsey has announced that he’s stepping down from his role as CEO. His decision comes at a time when social media companies are facing increased scrutiny over how they spread information and disinformation amid increasing influence. Find out more.

December 3, 2021

U.S. jobs report and inflation concerns

The U.S economy added 221,000 private sector jobs in November, less than half the number in some forecasts. But some are shrugging off that underwhelming figure because other metrics suggest the U.S. economy is in good shape, despite soaring inflation and the threat of the […]

November 29, 2021

NYC looks to become new cryptocurrency capital

Miami and New York are in a race to become cryptocurrency capitals.

November 29, 2021

Liquor industry faces shortages from supply chain crunch ahead of holiday season

Some of your favorite liquor might be harder to find in the store ahead of the holiday season.

November 25, 2021

New York City’s newest Chinatown

Asians are the fastest-growing demographic in the United States.

November 21, 2021

Table Tennis: Peace through Sport

CGTN covers the 2021 World Table Tennis Championships.

November 15, 2021

Supply chain crunch hits smaller retailers hard

World leaders are firefighting what were once mostly invisible to many of us: supply chains. But the growing prevalence of online shopping and same-day delivery has put this complex topic center stage in our lives.

November 13, 2021

Seaweed could help cut cow farts

Reducing the world’s methane emissions has become a top priority in the fight against climate change. One of the biggest emitters of methane are cows. A growing body of research indicates that feeding cows seaweed can substantially lower their emissions.

November 11, 2021

Augmented World Expo opens with newest in VR technology

Carving out a space in your own virtual world is what the Augmented World Expo in Silicon Valley is all about.

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